News From Press Climate change: Why Indians should look at home insurance more seriously

Climate change: Why Indians should look at home insurance more seriously

Source: Mint Dec 14, 2023

A home is in all likelihood the most expensive asset purchase people make during their lifetime. However, when it comes to adequately protecting this asset, we tend to be targets of optimism bias. It is no surprise that home insurance penetration is just about 1% in India. This is in stark contrast to countries like US, UK, France, Australia and China that have home insurance penetration in the range of 90-97%.

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