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Emerging Trends in the Insurance Industry

Curious About Insurance Needs of Today’s Generation in India? This Report Has the Answers! We've got something that will pique your interest! Our latest report dives into the insurance landscape in India, exploring how age, socioeconomic background, and even where you live can shape your insurance needs. It's a must-read for anyone interested in understanding the complexities of insurance in India.

What's Inside the Report? This comprehensive report navigates the evolving insurance landscape in India. It highlights how different factors like socioeconomic changes, awareness levels, regional differences, and gender disparities influence insurance needs. The report is backed by extensive research and offers strategic insights for insurers to tap into market opportunities.

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Emerging Trends in the Insurance Industry

Key Insights

Economic Factors

The middle class is growing, but 75% feel underinsured.

Awareness Gap

Surprisingly, 55% are unaware of the range of insurance products available.

Regional Disparities

Rural areas, where 65% of India's population resides, have only 25% insurance penetration.

Gender Inequality

By 2030, the market size for women's insurance will be INR 1.2 trillion, but only 20% of women are adequately insured.

About Mantra Labs

Mantra Labs is a global experience engineering & consulting firm that builds intelligence-driven solutions and delivers digital-first customer experiences for global enterprises. With its 275+ skilled and passionate technologists, the company specializes in providing end-to-end solutions for its clients across eight key industries. Mantra is a CMMI level 3 and ISO 27001:2013 certified firm that solves the most pressing front & back- office challenges faced by BFSI, Healthcare, and Consumer Internet enterprises. Having worked with some of the World’s leading Insurers like SBI General Insurance, Care Health Insurance, and unicorn consumer startups like Ola, Myntra, and Yulu, Mantra Labs has been deeply involved in developing AI-powered technology solutions for business-specific problems. The company also has strategic technology partnerships with MongoDB, IBM Watson, Microsoft Azure, and Nvidia.

Mantra Research explores evolving market, business & technology tenors shaping the future of work. Our insights examine present and forward-facing opportunities across any industry enterprise through compelling expert opinions & thought leadership.

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Companies should tailor products, enhance consumer education, and adopt tech-driven solutions to bridge these gaps. Ready to dive in? Don't miss out on this opportunity to gain a deeper understanding of India's insurance landscape.