India ranks as 10th largest global insurance market with 1.8% share and ₹11.93 lakh crore premium income in FY25.
FDI limit in insurance raised to 100% under Sabka Bima Sabki Raksha Act 2025 to attract investment and deepen penetration.
Sector issued 41.84 crore policies, paid ₹8.36 lakh crore claims, and managed ₹74.44 lakh crore assets as of March 2025.
Government schemes recorded massive coverage: PMJJBY (26.88cr enrolments), PMSBY (57.11cr), AB-PMJAY (43.52cr cards created).