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Growth of the Indian life insurance market by 2024

July 15, 2021
India

insurance lifeGlobalData says the turnover of the life insurance market in India is expected to reach 8 trillion INR (107.27 billion USD) by 2024. The average annual growth rate has been estimated at 7% over five years (2019-2024).

The lifting of restrictions and the adoption of digital distribution are believed to promote the growth of the sector.

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