New Delhi, Sep 11
India’s life insurance industry is expected to clock a compound annual growth rate (CAGR) of 14.5 per cent over FY23–35, making it one of the most promising segments in India’s financial services space, a report said on Thursday.
The recently announced GST exemption will improve affordability, enhance persistency, and deepen penetration, driving stronger long-term growth.
This gap highlights a multi-decade opportunity for the industry, particularly as households increasingly allocate savings towards financial instruments.
The sector has navigated several regulatory changes over the past few years, including new surrender value guidelines for expense-of-management (EoM).