Indias Insurance Penetration Below 5%: Perception, Not Price, Is The Hurdle
Indias Insurance Penetration Below 5%: Despite being the world’s most populous country and one of the fastest-growing economies, India’s insurance penetration still lags significantly behind the global average. According to the latest data from 2023-24, India’s insurance penetration—the ratio of insurance premium to GDP—remains below 5%, highlighting a deep-rooted issue in financial protection and risk…
