• Saturday, August 20, 2022

Business

India’s Insurance Industry to Climb £216.38 Billion By FY 2020: Report

India’s insurance industry is expected to grow to £216.38 billion by fiscal year (FY) 2020, said ASSOCHAM and APAS.

By: Radhakrishna N S

India’s insurance industry is expected to grow to £216.38 billion by fiscal year (FY) 2020 with the government’s flagship Ayushman Bharat – the National Health Protection Mission (AB-NHPM) and other growth drivers such as rise in disposable income, presence of global players and easing of the regulatory regime supporting the penetration of the insurance culture in the country, said The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and research firm APAS. The medium-term outlook for the life insurance industry remains robust, with solid premium growth forecast over the next five years to 2023, the report said. Overall insurance…

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