Transforming India's Financial Landscape
- The recently presented budget increased the FDI cap in the insurance sector from 74% to 100%.
- Currently, insurance reaches only 3.7% of India’s population. The Insurance Regulatory and Development Authority of India (IRDAI) aims for "Insurance for All" by 2047.
- According to the 2024–25 Economic Survey and Brand India Equity Foundation, India’s insurance market is projected to reach USD 222 billion by 2026.
- As per a Life Insurance Council report, life insurers saw a 14% growth in new business in September 2024, collecting premiums worth Rs. 35,020 crore (USD 4.15 billion).
- India has over 200,000 postmen and rural postal service workers.
- The National Bank for ....
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