India’s Insurance Opportunity: Reimagining, Reskilling, and Reengineering for the Young Buyer Economy
Article Summary This article, published by Charlee.ai, argues that India's insurance industry must reimagine its products, reskill its workforce, and reengineer its operations to serve the country's young buyer economy. About 65% of India's population is under 35, yet insurance penetration stood at only 3.7% in FY 2024-25 despite 41.84 crore policies issued and Rs. 11.93 lakh crore in premiums collected. The article proposes participatory insurance models, community-based mutual pools, and...