Department of Commerce, University of North Bengal, West Bengal
India is globally the fifth largest life insurance market in the emerging insurance economies, and it is growing at 32 - 34 percent annually. By 2030, India's population will exceed China's and currently, one in five people in India Is aged between 15 and 24. India is one of the youngest countries compared to other developed countries in the world. With a huge population and large untapped market alongwith a rising middle class population of around 350 million, insurance happens to be a big opportunity in India.
