The role of life insurance is much more than just providing life cover - it is a popular mode of systematic saving for Indians, and enabler of lifetime pension. However, to objectively evaluate the efficacy of the most basic function of life insurance, the amount of life insurance cover provided to individuals, must be analyzed in isolation. Traditional measures of life insurance adoption such as Insurance Penetration and Insurance Density prove inadequate for this purpose as they consider...

Introduction India’s digital revolution has transformed payments, banking, and commerce—but insurance inclusion remains the final frontier. Despite being the 10th largest insurance market globally and growing at 17% CAGR, India’s insurance penetration still sits at 3.7% of GDP, far below markets like South Korea (11%) or the United States (11.9%). This gap isn’t caused by a lack of innovation—it’s caused by fragmented, inaccessible, and unverified data. In a nation with 750+ million...

Introduction A crucial aspect of the machine learning pipeline is feature engineering, it encompasses the process of selecting,...