It also seen to record $121b gross written premiums this year. India’s life insurance market is projected to grow from $110.2b in 2024 to $170.0b by 2029, posting a compound annual growth rate of 9.6% in gross written premiums (GWP), according to GlobalData. GWP is expected to reach $120.5b in 2025, growing 9.9% year-on-year. Growth […]
“Raising the FDI limit in insurance to 100 per cent will help the sector achieve its full potential by growing at 7.1 per cent per annum over the next 5 years, outpacing the global growth, Finance Minister Nirmala Sitharaman informed Parliament on Monday. The finance minister in Union Budget 2025-26 had proposed to raise the […]
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