Notes PYQ's Blogs Syllabus Trends Cutoffs

INSURANCE SECTOR IN INDIA: STRUCTURE, CHALLENGES

Insurance Sector Indian Economy UPSC GS 3 financial inclusion Social Security India Financial Sector IRDAI Reforms LIC Pradhan Mantri Jeevan Jyoti Bima Yojana Malhotra Committee

Indian Insurance sector is predicted to double to Rs 25 lakh crore by 2030, according to a report by IBAI and McKinsey & Company. The sector is crucial for economic growth, social security, financial inclusion, and national resilience. Government schemes like Pradhan Mantri Jeevan Jyoti Bima Yojana and PMSBY provide low premiums and risk coverage.

Description

Context: 

According to an IBAI and McKinsey & Company report, India's insurance sector is expected to double to Rs 25 lakh crore by 2030.

Premium

Hi! You are reading a premium article Subscribe now to continue reading.

Subscribe Now

Already Subscribed?

Related Articles

NATIONAL DISASTER RESPONSE FORCE (NDRF) ROLE IN DISASTER MANAGEMENT 29 Aug, 2025
CAN JUDICIARY REVIEW INACTION OF GOVERNORS ON BILLS? 27 Aug, 2025
ROLE OF CIVIL SOCIETY: SIGNIFICANCE, CHALLENGES, WAY FORWARD 26 Aug, 2025
PROBLEM OF STRAY DOGS: SUPREME COURT JUDGEMENT AND WAY FORWARD 25 Aug, 2025
130th CONSTITUTIONAL AMENDMENT BILL: PROVISIONS, SIGNIFICANCE, CONCERN, WAY FORWARD 25 Aug, 2025
ARCHAEOLOGICAL SURVEY OF INDIA (ASI): BACKGROUND, FUNCTION, CHALLENGES, WAY FORWARD 25 Aug, 2025
AI IN JUDICIARY: SIGNIFICANCE, CHALLENGES, WAY FORWARD 23 Aug, 2025
RESERVATIONS IN PRIVATE INSTITUTIONS: SIGNIFICANCE, CHALLENGES, WAY FORWARD 21 Aug, 2025
ONLINE GAMING REGULATION: CHALLENGES AND WAY FORWARD 21 Aug, 2025
SEDITION LAW IN INDIA: EXPLAINED 20 Aug, 2025
Let's Get In Touch!

Free access to e-paper and WhatsApp updates

Let's Get In Touch!

© 2025 iasgyan. All right reserved