september 26 20051 global financial services delhi life insurance council 20052 contents industry status 1 taxation 2 20053 india premium as of gdp per capita rs 3 590 0 62 160 number players 14 income 000 cr 63 17 2004 non 280 4 100 27 5 9 cagr 23 16 2000 includes nationalised companies source irda swiss re 20054 overall still under penetrated remains 19 in terms with some product categories nascent pension scheme annuity health disability and critical illness professional liability crop protection credit 47 50 59 60 112 164 171 247 1055 479 china spain netherlands canada s korea italy france germany uk japan usa 11 bn 20055 example penetration increases affluence 6 8 10 12 0123 ppp adjusted higher by a factor lower not shown