The Indian Non-Life Insurance Industry Quiz
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Questions and Answers

What was the growth rate of the Indian non-life insurance industry during the first half of FY23?

15.3%

Which insurance segments drove the growth during the first half of FY23?

health (especially the group segment), motor, and crop insurance

Which industry is expected to drive the long-term growth of motor insurance?

automotive industry

What is the government's flagship initiative for crop insurance called?

<p>Pradhan Mantri Fasal Bima Yojana (PMFBY)</p> Signup and view all the answers

What has led to a significant growth in the premium income for crop insurance?

<p>Pradhan Mantri Fasal Bima Yojana (PMFBY)</p> Signup and view all the answers

What is the estimated increase in India's Ultra High Net Worth Individuals (UHNWI) from 2021 to 2026?

<p>39%</p> Signup and view all the answers

What was India's gross savings as a percentage of GDP in 2021?

<p>29.3%</p> Signup and view all the answers

What was the total value of Assets Under Management (AUM) managed by the mutual funds industry in March 2023?

<p>US$ 482.40 billion (Rs. 39.42 trillion)</p> Signup and view all the answers

What is the abbreviation for Non-Banking Financial Company?

<p>NBFC</p> Signup and view all the answers

What is the source of the information mentioned in the text?

<p>AMFI, IMF, ICRA, Economic Times, Capgemini Wealth Report, EY report</p> Signup and view all the answers

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