India Home Insurance Market By Type, Industry Size, Share, Trends, Opportunity and Forecast 2024 - TechSci Research
India home insurance market is anticipated to grow at a steady rate during the forecast period. In India, a home is a lifetime investment where people usually invest all their savings in building their home. But generally, people become reluctant when it comes to safeguarding this lifetime investment. Natural calamities like cyclone in Andhra Pradesh, floods in J&K, Uttarakhand and Chennai, earthquake in Nepal and Northeast of India, etc., caused huge loss to human lives and physical properties. In such a scenario, it has become a necessity to have adequate cover for assets and home. In case of any mishap, an effective home insurance plan will help you in reducing the financial stress. With such policies people will be able to protect their home against many natural disasters such as earthquakes, typhoons, cyclones, floods, landslides, etc. Home insurance also provides coverage against fire, explosion, etc. Increase in property damage from theft or different types of natural...