Sentences with phrase «insurance penetration level»

Insurance penetration level in India stands at 3.9 %, which is below the world average of 6.3 %.

Even as motor, home, travel and personal accident covers are increasingly turning indispensible, the fact remains that the insurance penetration level of 0.7 per cent in India is among the lowest in the world.

Insurance companies are gearing up to sell a record number of 30 crore policies through the Pradhan Mantri Suraksha Bima Yojana (PMSBY) this year to increase the insurance penetration level in the country.

Not exact matches

The measure of insurance penetration and density reflects the level of development of the sector.

With a penetration level of 3.3 % for life insurance in financial year 2015, an increase in the figure is the primary reason for the RBI to allow banks to act as brokers.

It will incentivize the common people on the need of a health insurance cover, and help boost the penetration level

The insurance sector in India has been showing dismal figures with penetration levels falling over the years.

IRDA rued by stating in its yearly report (2013 - 14), «the low penetration of non-life insurers in India is due to the low intensity of coverage at district level in comparison to life insurance's penetration.»

Absence of awareness about insurance, low levels of financial literacy and less number of district level private insurers is what IRDA accounts the low numbers of non-life insurance penetration to.

Awareness levels of insurance and the need is significantly higher than actual penetration.

• Demonstrated expertise in meeting periodic forecasts for finance and insurance income penetration levels.