TMI BlogGrowth in Insurance Sector.X X X X Extracts X X X X X X X X Extracts X X X X ..... Growth in Insurance Sector. - News and Press Release Dated:- 26-8-2011 - News - Press Information Bureau Government of India Ministry of Finance 26-August-2011 17:25 IST Growth in Insurance Sector The annual average growth of life insurance industry in terms of total insurance premium is 17.18% for the period 2007-08 to 2010-11.The annual average growth of general insurance indus ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... try in terms of Gross Direct Premium is 15.92% for the period 2007-08 to 2010-11. The growth in insurance sector is internationally measured in terms of insurance penetration (percentage of insurance premium to Gross Domestic Product) and insurance density (per capita premium determined in US$) of Indian insurance industry. The details are as under: Insurance ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Penetration (Premium as % of GDP) Year Total Business Life Non Life 2005 3.14 2.53 0.61 2006 4.80 4.10 0.60 2007 4.70 4.00 0.60 2008 4.60 4.00 0.60 2009 5.39 4.73 0.66 Insurance Density (Premium per c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... apita in INR) Year Total Business Life Non Life 2005 1039 838 201 2006 1758 1520 238 2007 2133 1849 284 2008 2169 1886 284 2009 2485 2183 302 Note: Insurance density is converted to INR(1 US$ = 45.7695 INR). Sour ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ce: IRDA This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question raised in Lok Sabha today. DSM/SS/sl - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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