India's insurance penetration "extremely low" compared to Asian rivals such as China, Malaysia and Thailand: Economic Survey

Even as India’s insurance penetration grew from 2.71% in 2001 to 3.76% in 2019, when compared with the penetration recorded in comparable Asian economies such as Malaysia, Thailand and China at 4.72, 4.99 and 4.30 % respectively, was found to be much lower, the survey stated.

from Banking/Finance-Industry-Economic Times https://ift.tt/39ttWzx