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Who are the world's most insured people?

  • <p><b>10. Italy</b></p>Italian insurance companies play a key role in the economic growth of the country. According to the report, 2.90 is the value of life insurance in Italy.<p>(Photo: Getty Images)</p>
    1/10

    India tops global life insurance rankings

    10. Italy

    Italian insurance companies play a key role in the economic growth of the country. According to the report, 2.90 is the value of life insurance in Italy.

    (Photo: Getty Images)

  • <p><b>9. Brazil</b></p>This country offers a variety of options in terms of insurance through both private and government institutions. The value of life insurance in Brazil is 3.21, according to the report.<p>(Photo: Getty Images)</p>
    2/10

    India tops global life insurance rankings

    9. Brazil

    This country offers a variety of options in terms of insurance through both private and government institutions. The value of life insurance in Brazil is 3.21, according to the report.

    (Photo: Getty Images)

  • <p><b>8. Korea</b></p>The Korean insurance market has sharpened over the last decade. The sales of variable life products have been expanding in terms of life insurance sector premiums. The value of life insurance in this country is 3.48, according to the report.<p>(Photo: Getty Images)</p>
    3/10

    India tops global life insurance rankings

    8. Korea

    The Korean insurance market has sharpened over the last decade. The sales of variable life products have been expanding in terms of life insurance sector premiums. The value of life insurance in this country is 3.48, according to the report.

    (Photo: Getty Images)

  • <p><b>7. France</b></p>The insurance sector in France serves as an important contributor to the economic development of the country. The French Federation Insurance companies represent a major part of the French insurance market. According to the report, 3.97 is the value of life insurance in the country.<p>(Photo: Getty Images)</p>
    4/10

    India tops global life insurance rankings

    7. France

    The insurance sector in France serves as an important contributor to the economic development of the country. The French Federation Insurance companies represent a major part of the French insurance market. According to the report, 3.97 is the value of life insurance in the country.

    (Photo: Getty Images)

  • <p><b>6. South Africa</b></p>While many people have life insurances in the country, the insurance industry is still considered to be in its infancy. The value of life insurance in the country is 5.15, according to a report released by World Economic Forum.<p>(Photo: Getty Images)</p>
    5/10

    India tops global life insurance rankings

    6. South Africa

    While many people have life insurances in the country, the insurance industry is still considered to be in its infancy. The value of life insurance in the country is 5.15, according to a report released by World Economic Forum.

    (Photo: Getty Images)

  • <p><b>5. United Kingdom</b></p>Life insurance business is insurance that is contingent on human life and the insurance industry in the United Kingdom is divided into various categories and also given a different tax treatment. The life insurance value in United Kingdom is 5.44, according to the World Economic Forum.<p>(Photo: Getty Images)</p>
    6/10

    India tops global life insurance rankings

    5. United Kingdom

    Life insurance business is insurance that is contingent on human life and the insurance industry in the United Kingdom is divided into various categories and also given a different tax treatment. The life insurance value in United Kingdom is 5.44, according to the World Economic Forum.

    (Photo: Getty Images)

  • <p><b>4. United States</b></p>Government agencies, companies and various associations serve the insurance industry in the United States. According to the report, 11.11 is the value of life insurance in the country.<p>(Photo: Getty Images)</p>
    7/10

    India tops global life insurance rankings

    4. United States

    Government agencies, companies and various associations serve the insurance industry in the United States. According to the report, 11.11 is the value of life insurance in the country.

    (Photo: Getty Images)

  • <p><b>3. Japan</b></p>The insurance industry in Japan offers a wide range of insurance options to its citizens. The life insurance value in Japan is 11.43, according to the report released by the World Economic Forum.<p>(Photo: Getty Images)</p>
    8/10

    India tops global life insurance rankings

    3. Japan

    The insurance industry in Japan offers a wide range of insurance options to its citizens. The life insurance value in Japan is 11.43, according to the report released by the World Economic Forum.

    (Photo: Getty Images)

  • <p><b>2. China</b></p>With more than 100 insurance companies in the country, Chinese insurance industry has experienced rapid expansion in terms of life insurance over the past decade. The Insurance Association of China represents the collective interests of the China's insurance industry. According to the report, 24.85 is the value of this country’s life insurance.<p>(Photo: Getty Images)</p>
    9/10

    India tops global life insurance rankings

    2. China

    With more than 100 insurance companies in the country, Chinese insurance industry has experienced rapid expansion in terms of life insurance over the past decade. The Insurance Association of China represents the collective interests of the China's insurance industry. According to the report, 24.85 is the value of this country’s life insurance.

    (Photo: Getty Images)

  • <p><b>1. India</b></p>Life Insurance in India is a fast growing sector and all the insurance companies in the country comply with strict regulations set by Insurance Regulatory and Development Authority of India. The value of life insurance in India is 43.52, according to the report.<p>(Photo: Getty Images)</p>
    10/10

    India tops global life insurance rankings

    1. India

    Life Insurance in India is a fast growing sector and all the insurance companies in the country comply with strict regulations set by Insurance Regulatory and Development Authority of India. The value of life insurance in India is 43.52, according to the report.

    (Photo: Getty Images)

<p><b>10. Italy</b></p>Italian insurance companies play a key role in the economic growth of the country. According to the report, 2.90 is the value of life insurance in Italy.<p>(Photo: Getty Images)</p>
<p><b>9. Brazil</b></p>This country offers a variety of options in terms of insurance through both private and government institutions. The value of life insurance in Brazil is 3.21, according to the report.<p>(Photo: Getty Images)</p>
<p><b>8. Korea</b></p>The Korean insurance market has sharpened over the last decade. The sales of variable life products have been expanding in terms of life insurance sector premiums. The value of life insurance in this country is 3.48, according to the report.<p>(Photo: Getty Images)</p>
<p><b>7. France</b></p>The insurance sector in France serves as an important contributor to the economic development of the country. The French Federation Insurance companies represent a major part of the French insurance market. According to the report, 3.97 is the value of life insurance in the country.<p>(Photo: Getty Images)</p>
<p><b>6. South Africa</b></p>While many people have life insurances in the country, the insurance industry is still considered to be in its infancy. The value of life insurance in the country is 5.15, according to a report released by World Economic Forum.<p>(Photo: Getty Images)</p>
<p><b>5. United Kingdom</b></p>Life insurance business is insurance that is contingent on human life and the insurance industry in the United Kingdom is divided into various categories and also given a different tax treatment. The life insurance value in United Kingdom is 5.44, according to the World Economic Forum.<p>(Photo: Getty Images)</p>
<p><b>4. United States</b></p>Government agencies, companies and various associations serve the insurance industry in the United States. According to the report, 11.11 is the value of life insurance in the country.<p>(Photo: Getty Images)</p>
<p><b>3. Japan</b></p>The insurance industry in Japan offers a wide range of insurance options to its citizens. The life insurance value in Japan is 11.43, according to the report released by the World Economic Forum.<p>(Photo: Getty Images)</p>
<p><b>2. China</b></p>With more than 100 insurance companies in the country, Chinese insurance industry has experienced rapid expansion in terms of life insurance over the past decade. The Insurance Association of China represents the collective interests of the China's insurance industry. According to the report, 24.85 is the value of this country’s life insurance.<p>(Photo: Getty Images)</p>
<p><b>1. India</b></p>Life Insurance in India is a fast growing sector and all the insurance companies in the country comply with strict regulations set by Insurance Regulatory and Development Authority of India. The value of life insurance in India is 43.52, according to the report.<p>(Photo: Getty Images)</p>

India may rank low in terms of overall financial development globally, but it is among the world's top countries for life insurance density, said the World Economic Forum in its latest report. Life insurance density is the ratio of direct domestic premiums for life insurance to per capita GDP of a country.