India aims for insurance for all by 2047. Irdai member Swaminathan S Iyer stated product complexity is a barrier. He urged simpler, off-the-shelf insurance products. Focus must shift to rural markets. Currently, 85 percent of business comes from urban areas. Reaching everyone requires expanding beyond cities. This will ensure financial security for citizens.
​India aims for insurance for all by 2047. Irdai member Swaminathan S Iyer stated product complexity is a barrier. He urged simpler, off-the-shelf insurance products. Focus must shift to rural markets. Currently, 85 percent of business comes from urban areas. Reaching everyone requires expanding beyond cities. This will ensure financial security for citizens. by Soban News (international And National News)
