In FY20, the country had a measly insurance penetration of 3.76 percent, life at 2.82 percent and non-life stood at 0.94 percent. While the pandemic has jolted those, who have lost close relatives and friends into buying the product, it is still a mountain to climb.COVID-19: Wide mismatch in death toll, insurance claims reveal uninsured India
In FY20, the country had a measly insurance penetration of 3.76 percent, life at 2.82 percent and non-life stood at 0.94 percent. While the pandemic has jolted those, who have lost close relatives and friends into buying the product, it is still a mountain to climb.
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