scorecardresearchFinance ministry mulls changes in insurance laws; considers easing entry level capital requirement

Finance ministry mulls changes in insurance laws; considers easing entry level capital requirement

Updated: 12 Sep 2022, 08:00 AM IST
TL;DR.
Insurance penetration in India increased from 3.76 per cent in 2019-20 to 4.20 per cent in 2020-21, registering a growth of 11.70 per cent. Insurance penetration measured as the percentage of insurance premium to GDP witnessed handsome growth during the year, mainly due to the outbreak of COVID-19.
 Kancheepuram: Union Finance and Corporate Affairs Minister Nirmala Sitharaman during convocation of IIITDM Kancheepuram, Saturday, Sept. 10, 2022. (PTI Photo)(PTI09_10_2022_000234B)

 Kancheepuram: Union Finance and Corporate Affairs Minister Nirmala Sitharaman during convocation of IIITDM Kancheepuram, Saturday, Sept. 10, 2022. (PTI Photo)(PTI09_10_2022_000234B)