🔔This Festive Season, Invest in your future with our exclusive festive offer. Get up to 20% off on ALL COURSES with coupon code Fest20.
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

REGISTERED UNRECOGNISED POLITICAL PARTIES (RUPPS) EXPLAINED 20 Sep, 2025
DYNASTIC POLITICS IN INDIA: MEANING, CHALLENGES, WAY FORWARD 14 Sep, 2025
CUSTODIAL VIOLENCE: MEANING, CHALLENGES AND WAY FORWARD 14 Sep, 2025
NATIONAL INSTITUTIONAL RANKING FRAMEWORK (NIRF) EXPLAINED 09 Sep, 2025
Rajasthan's Bill on Coaching Centres 04 Sep, 2025
KERALA DIGITAL LITERACY MODEL: FIRST FULLY DIGITALLY LITERATE STATE IN INDIA 04 Sep, 2025
COURT JUDGEMENTS ON MINORITY EDUCATIONAL RIGHTS 03 Sep, 2025
IMMIGRATION AND FOREIGNERS (EXEMPTION) ORDER, 2025 EXPLAINED 03 Sep, 2025
SHANGHAI COOPERATION ORGANISATION (SCO) ADOPTED TIANJIN DECLARATION 03 Sep, 2025
BILL TIMELINES AMOUNT TO AMENDING THE CONSTITUTION 03 Sep, 2025
Let's Get In Touch!

Free access to e-paper and WhatsApp updates

Let's Get In Touch!

© 2025 iasgyan. All right reserved