India Life Insurance Market By Indian Industry Size, Share, Trends, Opportunity and Forecast 2025 - TechSci Research
India life insurance market is expected to grow at a formidable CAGR during the forecast period. India life insurance market is driven by increasing awareness about the insurance policies among the population coupled with supportive government policies & schemes. Also, growth in number of distribution channels owing to increasing popularity of online portals in the country, is positively influencing the growth of market. In addition to this, increase in road accidents along with upsurge in the population suffering from chronic diseases is further driving the market growth through 2025. The India life insurance market is segmented based on type of insurance providers, premium type, plan, type of coverage, term of coverage, premium range, mode of purchase, end user, company and region. Based on type of coverage, the market is segmented into individual and group. Out of these, the individual segment dominated the market until 2019 which can be attributed to less premium that ha...