Mumbai, June 30 -- The life insurance sector's top line increased by 2.5 times in line with the national economy over the last decade, marking a significant milestone. Alongside this growth trajectory, major structural changes are underway as insurance products are expected to go live on the digital platform Bima Sugam by September end, and consultation paper on distribution reform by the end of July, said Insurance Regulatory and Development Authority of India (IRDAI) Chairman Ajay Seth.

Addressing these developments, Seth highlighted the sector's performance while speaking at the Insurance Awareness Day 2026 initiatives organised by the Insurance Awareness Committee (IAC-Life) in Mumbai.

He noted that the industry is seeing a signific...