While the COVID-19 pandemic pushed many Indians to purchase or increase their life insurance coverage, the non-life insurance penetration continues to remain around the 1% mark, underscoring the lack of financial protection necessary to support India’s growth ambitions. What’s more, most Indians are aware of only few products within the general insurance space, with health and motor insurance contributing to the lion’s share of non-life insurance policies sold in our country today.
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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