India - Life Insurance Penetration
Since 2014, India Life Insurance Penetration decreased by 0.2points year on year. In 2019, the country was number 14 among other countries in Life Insurance Penetration at 2.57 Percent. India is overtaken by Germany, which was ranked number 13 at 2.73 Percent and is followed by China at 2.37 Percent. Taiwan ranked the highest with 16.74 Percent in 2019, a growth of 0.8points compared to 2018. South Africa, South Korea and United Kingdom respectively ranked number 2, 3 and 4 in this ranking. China recorded the best 5 years average growth at +6.9points per year, while Japan recorded the worst performance at -3.5points per year.
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| Date | Percent |
|---|---|
| 2019 | 2.57 |
| 2018 | 2.62 |
| 2017 | 2.66 |
| 2016 | 2.72 |
| 2015 | 2.72 |
Download all data from 2001 to 2019
How does India rank in Life Insurance Penetration?
| # | 19 Countries | Percent | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Taiwan
|
16.74 % | 2019 | +0.8 % | +1.4 % | View data | |
| 2 |
#2
South Africa
|
11.52 % | 2016 | -4.0 % | -3.2 % | View data | |
| 13 |
#13
Germany
|
2.73 % | 2019 | -0.7 % | -2.5 % | View data | |
| 14 |
#14
India
|
2.57 % | 2019 | -1.9 % | -0.2 % | View data | |
| 15 |
#15
China
|
2.37 % | 2019 | +2.2 % | +6.9 % | View data | |