News From Press Insurance industry needs Rs 50k cr capital every year to double penetration: Debasish Panda

Insurance industry needs Rs 50k cr capital every year to double penetration: Debasish Panda

Source: ET Jan 21, 2023

India's insurance industry will need to infuse Rs 50,000 crore of capital every year in order to double penetration in the country, Insurance Regulatory and Development Authority (IRDAI) chairman Debasish Panda said.

He also implored corporate conglomerates and investors to consider investing in the sector.

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