About the smallcase

India's insurance market is well-positioned to become one of the largest insurance markets globally within the next decade, attracting both domestic and international players. As per the Insurance Regulatory and Development Authority of India (IRDAI), India’s insurance industry is projected to reach $222 billion by 2026 and become the sixth-largest insurance market globally, surpassing countries like Germany, Canada, Italy, and South Korea. 


  • Since life insurance penetration accounts for less than 5% of the GDP in India, there’s a huge untapped market for both existing and new players. The life insurance industry in India is projected to achieve significant growth, with premiums expected to reach ₹24 lakh crore ($317.98 billion) by fiscal year 2030-31. 
  • India ranks as the 4th largest general insurance market in Asia and the 14th largest globally.
  • As per the Insurance Regulatory and Development Authority of India (IRDAI), the insurance industry in India is projected to reach $222 billion by 2026, propelling the country to become the sixth-largest insurance market globally within the next decade
  • India’s burgeoning middle class, rapid digitalisation, increasing awareness about financial well-being and robust regulatory support will drive the growth of the insurance industry. 


This smallcase comprises listed insurance companies to allow investors to efficiently track and invest in the insurance sector. 



Live Performance vs 

Equity Large Cap

Current value of ₹ 100 invested once
at launch

Dec 18, 2017

would be
Insurance Tracker
₹ 133.25
Equity Large Cap
₹ 207.79
201820192020202120222023202480100120140160180200

Note: Live performance includes rebalances. It is a tool to communicate factual return information and should not be seen as advertisement or promotion.

Understand smallcase costs and returns

Understand smallcase costs and returns