Outlook Money
Irdai’s Annual Report 2024–25 highlights how India’s insurance sector is strengthening its financial base, expanding reach, prioritising health protection, and rapidly embracing digital adoption across the country.
From record investments to rising health premiums and digital accounts, five key numbers from Irdai’s latest report explain how insurance is evolving into a stronger financial safety net.
By March 2025, insurers’ total investment portfolio touched Rs 74,43,516 crore, up by 10.14 per cent. Life insurers alone managed over 91 percent of assets, ensuring long-term claim-paying capacity.
India now has 3.12 million individual insurance agents, up by 7.87 percent. While private life insurers led growth, public sector insurers also expanded, proving advice-led distribution remains critical.
Digital adoption surged with 5.05 million new Electronic Insurance Accounts created in one year, taking the total to 20.30 million and simplifying policy management for millions of Indians.
Health insurance premiums grew 9.12 per cent to Rs 1,17,504.82 crore, signalling rising awareness that medical cover is no longer optional, but a core part of household financial planning.
Most insurers maintained solvency margins well above the required 150 per cent, reinforcing their ability to meet long-term obligations and absorb economic shocks without compromising policyholder interests.
Irdai’s numbers show a maturing insurance ecosystem, financially stable, digitally accessible, and increasingly health-focused, offering stronger protection and confidence to Indian policyholders going forward.