Bridging the Insurance Protection Gap: The Road Ahead for India

Published By: ET BFSI​

Published Date: 11th May 2025​

The Economic Times blog highlights India's significant insurance protection gap, emphasizing the need for a multi-pronged strategy to address challenges such as affordability, accessibility, and awareness. Key recommendations include developing affordable, accessible, and need-based insurance products tailored for diverse populations, including gig workers and rural households. Leveraging technology, fostering innovation, and enhancing distribution channels are crucial steps toward achieving the goal of 'Insurance for All' by 2047. The article underscores the importance of collaboration among insurers, Insurtechs, and regulatory bodies to build a more inclusive and resilient insurance ecosystem.