Non-life insurance industry in India - statistics & facts
Non-life insurance, also called general insurance plays a crucial role by offering comprehensive coverage across various domains, including property, businesses, and individuals. Operating on an indemnity basis, it provides compensation for losses or damages up to the insured amount. The scope of non-life insurance encompasses a diverse range of services. For instance, the growing demand for cyber insurance in response to the increasing digitalization of businesses highlights the sector’s adaptability to evolving risk landscapes.
