Indian Insurance Sector – Some Interesting Facts & Figures:
- In the year 2012 – 13 the sector grew at the rate of 7% in the first 6 months, the estimated CAGR of the Insurance Sector for the next five years will be between 12% - 15%.
- India has over 36 Crore policies, the highest in the world.
- In the next 7 years the sector has the potential to touch $1 trillion.
- India’s insurance population anticipated to touch 75crore in 2020 with Life expectancy to reach 74yrs.
- Life Insurance projected to comprise 35% of total savings by end of this decade.
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