GlobalData says the turnover of the life insurance market in India [4] is expected to reach 8 trillion INR (107.27 billion USD) by 2024. The average annual growth rate has been estimated at 7% over five years (2019-2024).
The lifting of restrictions and the adoption of digital distribution are believed to promote the growth of the sector.
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[3] https://www.atlas-mag.net/en/issue/the-insurance-market-after-the-covid-19
[4] https://www.atlas-mag.net/en/article/the-indian-life-insurance-market