Insurance as share of GDP shrinks to 3.7% – Times of India
MUMBAI: India’s insurance penetration, which is measured as a ratio of annual premium to GDP, dipped in FY24 for the second year in a row after touching a peak of 4.2% in the wake of Covid.According to regulator Irdai’s annual report released on Monday, India’s insurance penetration was 3.7% in FY24 compared to 4% in…