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India General Insurance “Improving penetration & …

November 2014 India General Insurance improving penetration & driving market creation India General Insurance improving penetration & driving market creation November 2014 India General Insurance improving penetration & driving market creation | 5 ContentsForeword ..7 Executive summary ..9 Chapter I: Recap of aspirations ..12 Chapter II: driving penetration in rural India ..18 Chapter III: Creating new categories: Home & SME Insurance ..34 India General Insurance improving penetration & driving market creation | 7 Over the last decade, the General Insurance industry in India has witnessed several ups and downs. We have grown at close to 20% over the last 5 years and reached an annual premium of ~` 78,000 crore in the fiscal year 2014 . The industry has weathered through the economic slowdown, drying investment f lows and the changes accompanying the de-tariffed regime. There has been a change of guard at the Centre and the economy has shown signs of revival.

November 2014 India General Insurance “Improving penetration & driving market creation”

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