New Delhi, April 16 -- The Indian economy has experienced remarkable growth in recent years, surpassing expectations across various sectors. The Indian economy has experienced remarkable growth in recent years, surpassing expectations across various sectors. The insurance industry is poised for further expansion with a rising middle class and increasing disposable incomes. However, despite these promising indicators, a significant portion of the Indian population remains either uninsured or underinsured, particularly in terms of health insurance, accounting for a staggering 73%.

This gap presents a compelling opportunity for insurance companies to extend their reach beyond urban parts to Tier II and III cities as well as rural areas. One...