Sunday, January 31, 2016

Maharashtra, Tamil Nadu lead states pack in insurance penetration

Maharashtra and Tamil Nadu have retained their top two positions in terms of general insurance premium collection and penetration.
According to the data from General Insurance Council
RankStatePremium CollectionInsurance penetration
1.MaharashtraRs 19,336 crore1.15%
2.Tamil NaduRs 8,238 crore0.84%
3.KarnatakaRs 6,847 crore0.98%
4.GujaratRs 6,306 crore0.71%
5.DelhiRs 5,797 crore1.28%(Highest)
6.Uttar PradeshRs 4,859 crore0.50%
7.RajasthanRs 3,605 crore0.63%
*Key point:
Insurance penetration: Insurance penetration, measured as a percentage of premiums to a country’s gross domestic product(GDP)

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