Growth prospects for the Indian insurance market

According to Moody's, the Indian insurance market‘s growth outlook is favorable. This outlook is supported by an expected 9.3% GDP expansion in the fiscal year 2021-2022 and a strong demand for health insurance due to the Covid-19.

During the first nine months of 2021, Indian insurers reported a 9% turnover increase. Non-life and life premiums grew by 11% and 7%, respectively.