New Delhi, April 28 -- Over the past few years, data from the Insurance Regulatory and Development Authority of India shows that life insurance penetration in India stands at around 2.7% of GDP*. In simple terms, this means a large section of families still do not have a life insurance plan. This gap is relevant today, especially as daily needs continue to rise and financial responsibilities grow.

This article explains what this gap means in practice and how it can affect families across different income levels.

A 2.7%* penetration may look like just another number. But it points to a deeper issue. It shows that life insurance plans are still not widely used across the country.

In simple terms, it means:

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