Insurance penetration in India at 3.69%, one of the lowest across the world

- According to the IRDAI report, the life insurance penetration was at 4.6% in 2009 but visibly showed a downward trend after that
- The new business premium for life insurance has increased from Rs. 9,707.4 crore in FY 2000-01 to Rs. 19.41 trillion in FY 2017-18