HomeNews News Insurance penetration in India may cross 4% this year Insurance penetration in India may cross 4% this year

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Insurance penetration in India may cross 4% this year

Insurance penetration in India may cross 4% this year

Wednesday, February 15, 2017, 3:26 PM

According to a report, Insurance penetration in India is expected to cross the 4% mark by the end of the year, after the launch of large number of insurance schemes. Insurance penetration has increased from 3.3% in 2014 to 3.44% in 2015. A budget provision of Rs 5,501.15 crores has been made for the Pradhan Mantri Fasal Bima Yojana for the current crop season.
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