India’s insurance premium growth to accelerate to 6.9% by 2030 -Swiss Re

Written by Adam Cadle

19/01/2026

India’s insurance premium growth will accelerate to 6.9% over 2026-2030, outpacing China, the US and Western European markets, Swiss Re has said.

The acceleration is due to strong economic fundamentals, rising demand and regulatory changes.

Changing policy measures include a higher foreign direct investment (FDI) limit in the insurance sector, modernisation of distribution and goods and services tax (GST) reforms. These changes can bring new capital, widen access to insurance and spur insurance demand.

Swiss Re, market head for India, Amitabha Ray, said India is a bright spot for insurance growth in the mid-term as opportunities emerge, especially in health and motor insurance.

"We are set to benefit from forward-looking regulatory reform, digital innovation and a disciplined but attractive product mix for consumers," Ray said.

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