Life Insurance Trends 2024 In India. Insurance regulatory and development authority of india(irdai) is a statutory body set up for protecting the interests of the policyholders and regulating, promoting and ensuring. — the indian life insurance sector experienced significant growth in may 2024, with new business premiums and policy issuances rising sharply.
— with a cagr of 7.1% in 2023, the winds of change are sweeping through india’s vibrant life insurance sector, reshaping the landscape and redefining industry norms. — india’s life insurance industry is set to grow at a compound annual growth rate (cagr) of 10% from inr9.3 trillion ($151.7 billion) in 2024 to inr13.5 trillion ($216.1 billion) in 2028, in terms of gross written.
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