How It Works
Free Consultation
Connect with us for selecting the best product for your client.
Free finspiration app
Pitch a suitable product to your client on the basis of finspiration report.
Learn how to earn more
Connect with us for how to earn more with same business.
Experts Say
Debasish Panda
“By 2047, as India turns 100, we should have a fully insured India, meaning life, health, personal accident, property and all enterprises covering business risk... The whole idea is how do we quickly close the protection gap.”- IRDAI Chairman on CNBC-TV18, Nov 28, 2022
Reports Suggest
According to the latest Economic Survey released by the Ministry of Finance, only 3 people out of 100 have a life insurance policy in India. This figure stood at 2.82 in 2019. The cumulative insurance coverage, including the non-life insurance coverage, stood at 4.2.
The penetration is expected to increase in the coming years as people are realizing importance of financial security. Also, the ease of IRDAI regulations on product approval and distribution and adoption of digitalization will further boost the penetration, says the report.
Contact Us