Stock under Rs 100: The fascinating journey from Rs 2 to Rs 50 and big breakthrough for this stock, as its wholly owned subsidiary receives insurance broker licence!
Stock under Rs 100: The fascinating journey from Rs 2 to Rs 50 and big breakthrough for this stock, as its wholly owned subsidiary receives insurance broker licence!

Stock under Rs 100: The fascinating journey from Rs 2 to Rs 50 and big breakthrough for this stock, as its wholly owned subsidiary receives insurance broker licence!

Indian insurance market is hugely underpenetrated as compared to other larger economies. Currently the sum assured as percentage of GDP is 25 per cent in India as compared to 95 per cent for China and 273 per cent for USA

Karan Dsij Article rating: 3.8

Indian insurance industry presents a huge market opportunity with highly underpenetrated insurance market. As per IRDAI records, the insurance industry in India stood at Rs. 7.6 lakh crore in terms of total premium in FY 2020. As per Frost & Sullivan report, the insurance industry in India is expected to grow annually at CAGR of 17.8 per cent to reach Rs. 39 lakh crore by FY2030.

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