India to lead G20 with average 7.3% insurance premium growth over 2025-29: Report

India is expected to lead the G20 with an average 7.3% growth in insurance premiums over the 2025-29 period. The growth forecast highlights India’s burgeoning insurance market, which is being driven by increasing financial awareness, government reforms, and a young population. With the rise in disposable income and the growing need for insurance coverage, India is poised to become one of the largest insurance markets globally. This growth will be supported by the increasing digitalization of the sector and the introduction of new products catering to diverse consumer needs. India’s leadership in this space could set trends for the global insurance market.