India ranks as the 10th largest insurance market globally by premium volume (Swiss Re Report). Share of insurance and pension funds in household financial assets rose to 29.6% in FY25 from 28.6% in FY19, as per Economic Survey 2025-26. FDI limit in insurance raised to 100% under the Sabka Bima, Sabki Raksha (Amendment of Insurance Laws) Act, 2025. Pradhan Mantri Jeevan Jyoti Bima Yojana recorded 26.88 […]
India’s “silver economy”, the ecosystem of goods and services catering to the elderly, is rapidly transitioning from a niche social welfare concern into a formidable economic driver, currently valued at approximately ₹73,000 crore ($8.8 billion) and poised for explosive growth in the coming decades. With the country’s senior population projected to surge from 153 million […]
Insurance sector has doubled its revenues in fiscal 2023-24 reaching Rs 100.28 crore, compared to Rs 48.74 crore in FY22-23, reports said. Founded in 2016 by Ankit Agrawal and Ish Babbar, Gurugram-based insurtech platform Insurance Dekho that compares and offers data on various types of insurance purchases, including motor, health, life, travel, and pet insurance, […]
To further accelerate the cashless economy, after the cancellation of old Rs.500 and Rs.1,000 notes, the Central Government has decided on a package of incentives and measures for promotion of digital and cashless economy in the country. These incentives include: 1. The Central Government Petroleum PSUs will offer a discount at the rate of 0.75% of […]