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.