Finance
Sock JohnsonIndia's Life Insurance Industry Set to Boom by 11% in FY27
Ladies and gentlemen, CareEdge Ratings just dropped a bombshell! India's life insurance industry is ready to rumble with an explosive 8-11% growth in FY26 and FY27. Group products and individual pensions are the champions in this arena! With digitalisation and top-notch customer service, this sector is flexing its muscles. But remember, it's all about the right protection and retirement income, baby!
few days ago | Aathira Varier
Quick rundown
1.India's life insurance sector is set for 8-11% growth in FY26 and FY27.
2.The sector has grown at a 13% CAGR over the past two decades.
3.Regulatory changes are enhancing transparency and customer access.
4.Life insurance dominates with 74% of total premiums in India.
5.Despite growth, insurance penetration and density remain below global averages.
