News From Press Life insurance a sunrise sector poised for lift-off: CEOs at BS BFSI Summit

Life insurance a sunrise sector poised for lift-off: CEOs at BS BFSI Summit

Source: Business Standard Nov 1, 2023

The consensus view of the Life Insurance CEO panel at the Business Standard BFSI Insight Summit on Tuesday is that life insurance remains a sunrise sector in India, characterised by low penetration, a large protection and pension gap, and massive growth opportunities in the coming decade.
This sentiment aligns with the Insurance Regulatory and Development Authority of India’s (Irdai’s) goal of achieving 100 per cent insurance coverage in the country by 2047, setting the life insurance industry on a path of rapid growth.

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