Top 7 Mind-Blowing Facts about the Insurance industry in India

Huge Market  Potential 

India's insurance industry is projected to reach a market size of $280 billion by 2025. 

1

High  Growth Rate

Insurance industry has been growing at a CAGR of over 16% in the last few years. 

2

Low Penetration  Rate 

Insurance industry has been growing at a CAGR of over 16% in the last few years. 

3

Dominated by  Life insurance 

Life insurance accounts for 76% of the total insurance market in India. 

4

Increase in  Digital adoption 

The pandemic sped up digital adoption, surged online insurance sales. 

5

Rising demand for  Health insurance 

Rising healthcare costs increase demand for health insurance in India. 

6

Growing Awareness  About Insurance 

Growing awareness about benefits of insurance driving increase in policy uptake in India. 

7

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