India Insurance Q2 2020
We forecast India's insurance sector will continue to see solid growth over 2020 and throughout the rest of our forecastperiod through to 2024. Non-Life premiums will grow at a faster rate, however, the life sector will benefit from a rising mortality rateand good household income growth. New regulations allowing higher levels of FDI in the sector, coupled with the proposedmergers of non-life state owned insurers will potentially allow new entrants to gain more of a foothold in the market.
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