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Start learning 50% faster. Sign in nowAccording 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. In comparison, the growth rate for the global insurance market will be around 2.4 per cent. In the time period, the life insurance business is expected to record 6.7 per cent growth backed by rising demand for term life cover by the middle-income group and increased adoption of insurtech. Meanwhile, the non-life segment is estimated to grow by 8.3 per cent owing to economic growth, improvement in distribution channels, government support and a favourable regulatory environment with health premiums forecasted to rise by 9.7 per cent. In the time period, the life insurance business is expected to record 6.7 per cent growth backed by rising demand for term life cover by the middle-income group and increased adoption of insurtech. Meanwhile, the non-life segment is estimated to grow by 8.3 per cent owing to economic growth, improvement in distribution channels, government support and a favourable regulatory environment with health premiums forecasted to rise by 9.7 per cent. India’s economic outlook also remains positive with average annual real gross domestic product (GDP) growth estimated to be 6.4 per cent between 2024 and 2028. 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. Penetration for life insurance in India for the year is projected to be at 2.9 per cent, and for non-life at 1 per cent.
In a repurchase agreement, the percentage difference between the repurchase price and amount borrowed is equal to:
An effective MIS (Management Information System) should have all the features, except?
Compute the payoff to a long position in a forward contract given that the forward price is Rs 35 and the price at maturity is Rs 55.
Byron Ltd reported 32000 in earnings during the current financial year. The total shares outstanding are 40000 at a market price of 18 per share. What i...
NaBFID was set up as a DFI that is Regulated and Supervised as AIFI by the Reserve Bank under Sections 45L and 45N of the Reserve Bank of India Act, 193...
The stand-by Letter of Credit (LC) or Bank Guarantee (BG) issued by scheduled commercial banks for Gold (Metal) Loans should be denominated in:
Which of the factors leads to Demand-pull inflation
I. Strong consumer demand
II. Increase in money supply
...Who has been appointed as the new Managing Director (MD) and Chief Executive Officer (CEO) of Paytm Payments Bank?
The ceiling for declaration of dividend (dividend payout ratio) for NBFCs who do not accept public deposits and funds is _______.
Which among the following represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another?
