Insurance for the World: What India's Coverage Gap Reveals About Its Biggest Opportunity
New Delhi, June 26 -- India has one of the highest household savings rates in the world. It also has one of the lowest insurance penetration rates among major economies, sitting at around 3.7 per cent of GDP. The podcast, hosted by Shayan Ghosh, banking and financial services editor at Mint, brings together Vibha Padalkar, MD and CEO of HDFC Life, and Pranay Mehrotra, Managing Director and Senior Partner at BCG, for an in-depth discussion on India's insurance landscape and what it can teach the world.
The conversation explores why insurance penetration remains low, the role of awareness and affordability in driving adoption, the impact of regulatory changes, and why India's insurance ecosystem may have valuable lessons for the world.
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