10 Questions
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?
Pradhan Mantri Fasal Bima Yojana (PMFBY)
What has led to a significant growth in the premium income for crop insurance?
Pradhan Mantri Fasal Bima Yojana (PMFBY)
What is the estimated increase in India's Ultra High Net Worth Individuals (UHNWI) from 2021 to 2026?
39%
What was India's gross savings as a percentage of GDP in 2021?
29.3%
What was the total value of Assets Under Management (AUM) managed by the mutual funds industry in March 2023?
US$ 482.40 billion (Rs. 39.42 trillion)
What is the abbreviation for Non-Banking Financial Company?
NBFC
What is the source of the information mentioned in the text?
AMFI, IMF, ICRA, Economic Times, Capgemini Wealth Report, EY report
Test your knowledge on the Indian non-life insurance industry with this quiz. Learn about the rapidly growing insurance segments, key growth drivers, and opportunities in the market. Stay updated with the latest trends and strategies in the industry.
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