The Indian life insurance sector, two decades after its liberalisation, is at an inflexion point. It is set to enter into a multi-decade growth rebound era, powered by economic growth and favourable demographic changes amid a very high and rising mortality protection gap and longevity (retirement) savings gap.
Mortality protection gap India has one of the highest and fastest growing mortality protection and retirement funding gaps in the world. India’s mortality protection gap stands at $16.5 trillion. The retirement funding gap is expected to reach $85 trillion by 2050, at a CAGR of 10%. These dual challenges provide life insurers a significant multi-decadal growth opportunity. These structural growth drivers should ensure that the life
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