New Delhi, Dec 22 (IANS) The number of people covered by life insurance in India has risen sharply over the last decade, increasing from about 15 crore in FY15 to nearly 40 crore in FY25, largely due to the rapid expansion of group and credit-linked insurance products, a new report said on Monday.This strong rise in coverage reflects the steady growth of India’s life insurance sector, which has recorded a compound annual growth rate of around 13 per cent over the past 20 years, according to Ca…
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