scorecardresearchNon-life insurers to chase aspirational targets given by IRDAI

Non-life insurers to chase aspirational targets given by IRDAI

Updated: 22 Jul 2022, 11:45 AM IST
TL;DR.
These are aspirational targets so there will be no repercussions if the companies fail to achieve the target. The regulator’s aim is to increase non-life penetration to 2.5 percent from the current 1 percent
The regulator wants to increase the general insurance premiums to  <span class='webrupee'>₹</span>11.7 trillion by FY27 from  <span class='webrupee'>₹</span>2.2 trillion as of FY22

The regulator wants to increase the general insurance premiums to 11.7 trillion by FY27 from 2.2 trillion as of FY22