Irdai, the insurance regulator, has flagged a sharp rise in unfair practice complaints, saying mis-selling is a significant concern in the insurance sector. The insurance penetration for the life insurance industry declined from 2.8 per cent in the previous year to 2.7 per cent during 2024-25. In 2024-25, the insurance density in India showed a modest rise, increasing from USD 95 in 2023-24 to USD 97 in 2024-25. Specifically, life insurance density increased from USD 70 to USD 72, while non-life insurance density remained stable at USD 25. This upward trend in insurance density has been consistent since 2016-17, the report said.

Source: dna January 04, 2026 13:05 UTC