Life insurance penetration at 6-year low in 2014
According to SocialCops’ analysis of the Insurance Regulatory and Development Authority's data, India's life insurance penetration had been decreasing steadily from 2009 to 2014. While the life insurance penetration was 2.6% in 2014, it had been 4.60% in 2009. Life insurance penetration is the premium collected in a country as a percentage of the country’s GDP in a given year.