In­sur­ance Pen­e­tra­tion may Cross 4% this Yr: Re­port

The Economic Times - - Econ­omy: Macro, Mi­cro & More -

In­sur­ance pen­e­tra­tion in In­dia is ex­pected to cross 4% mark by year-end amid pro­lif­er­a­tion of in­sur­ance schemes, says a re­port. “The pen­e­tra­tion has started its north­ward jour­ney and it is ev­i­dent from the fact that it has in­creased from 3.3%in 2014 to 3.44% in 2015 on the back of in­sur­ance schemes launched by the gov­ern­ment,” said the As­socham re­port. Dur­ing the first decade of the sec­tor's lib­er­al­i­sa­tion, there has been a con­sis­tent rise from 2.71% in 2001 to 5.20% in 2009.

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