Question

Which of the following statements is/are CORRECT with respect to the report released by the Swiss Re Institute ?
I.According to a report by Swiss Re Institute, India’s insurance sector is projected to record the fastest growth among the G20 countries with the total premium expected to rise at an average rate of 7.1 per cent in real terms during 2024-28.
II.In the time period, the life insurance business is expected to record 5.7 per cent growth backed by rising demand for term life cover by the middle-income group and increased adoption of insurtech.
III.According to Swiss Re, the overall insurance penetration in 2023-24 is expected to be at 3.8 per cent in India and 6.5 per cent globally. 

A Only I
B Only II & III
C Only II
D Only I & III
E None of these
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