News Life and Health19 Oct 2018

India:Insurance industry forecast to cross US$100bn mark in FY2019

| 19 Oct 2018

India's insurance industry is expected to see total premiums of INR6.8trn ($105bn) in the current financial year ending 31 March 2019 (FY2019).

The life insurance industry is set to contribute close to INR5.1trn while the non-life industry is expected to cross INR1.7trn, says the “2018 – The Indian Insurance Industry Report’ released by India Insure Risk Management & Insurance Broking Services Private Limited, a leading insurance broking firm in India.

The report says, “With the growth in the industrial sector, the property & engineering insurance segment is expected to see some positive movement. The new health insurance scheme launched by the Prime Minister – Ayushman Bharat-National Health Mission scheme, is expected to grow the health insurance market significantly. However, what impact this will have on the overall profitability of the insurer's portfolio is uncertain.”


| Print | Share

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.


Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.

Other News

Follow Asia Insurance Review