“That is the biggest point. It’s a large population and growing. Insurance is a new product. The total market is
00 million. It is one of the fastest-growing markets in the world, expected to touch $600 million in the next five years [18:28]. Plus, there is a significant amount of [local aide18:36], so people take an insurance policy at a very low [insure 18:39] so that itself is a big gap. The middle-income groups are not [18:45] at all. The penetration levels are less than a percent. Hence, these factors combined, and the opportunity is very large in insurance ratio.”
Read the full interview with Dhirendra Mahyavanshi
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