India Insurance market stands at $131 Bn as of FY22. The Indian insurance industry grew at a CAGR of 17% over the last two decades and is expected to continue its commendable growth trajectory in the future years.The future looks promising for the life insurance industry in India. Several changes in the regulatory framework have been proposed which may transform the way the industry conducts its business and engages with customers.
Demographic factors such as the growing middle class, young insurable population and retirement planning will support the growth of the Indian life insurance segment.
Read the analysis to know more about the industry.
Credits – Neha Mishra and Sumit Menon
VittArth | Konsult | VittNivesh 