Low Insurance Density

• Insurance Density is the ratio of premium to total Population.


• We will come to know about the potential when we compare the difference in Insurance Density in India with that of other countries of the world.

Life Insurance Density for the calendar year 2013-14 in USD

Country	Density
Hong Kong	4445
Switzerland	4211
United Kingdom	3474
Japan	3346
Sweden	3215
Taiwan	3204
Singapore	2388
South Korea	1816
USA	1684
China	110
India	41
World Average	366

Source: Swiss Re, Sigma 03/2014

Insurance Density for the year 2013-14 in India is just 11% of the world average and only 0.92% of Hong Kong. There is huge potential available just to reach the world average and to reach the figures of Asian and other countries the scope is phenomenal.