IRDAI: Bima Sugam, Bima Vahaks and Bima Vistaar Subject: Economy Section: Monetary policy Insurance in India: Insurance penetration in India has increased steadily from 2.7% around 2000 to 4.2% in 2020, according to the Economic Survey 2022-23 50% of vehicles are uninsured, and the coverage of property insurance is minuscule. The MSMEs are […]