Srinagar, May 27 -- Srinagar - India's life insurance is really low compared to countries in Asia. The gap in mortality protection is over a billion dollars. It is getting wider. This problem is because families in Jammu and Kashmir have insurance policies that do not really protect them.

Life insurance in India accounts for about 3 per cent of the country's GDP. According to the Insurance Regulatory and Development Authority of India, India is one of the underinsured large economies in Asia. In Jammu and Kashmir, the situation carries an additional layer of urgency. A region where a significant portion of the working population depends on government employment, agriculture or small trade. The shift from joint family structures to nuclea...