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Are we on the cusp of an insurance revolution transforming India?

The stage is set - not just for incremental growth, but for a structural leap that can redefine how insurance is accessed, delivered and experienced across India

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Insurance revolution is not about policy or product; it’s about people and protection; about telling a farmer in Kutch, a weaver in Varanasi, a fisherwoman in Rameswaram, and a gig worker in Bengaluru that their dreams are insurable

Tamal Bandyopadhyay

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Early April in London, Finance Minister Nirmala Sitharaman addressed the India-UK Investor Roundtable, painting a vivid picture of India’s financial sector — open to the world, and brimming with opportunity, reform, and ambition. She highlighted India’s openness to foreign banks and reiterated the government’s commitment to attracting foreign investment in the banking sector.
 
The same intent extends to the insurance sector, underscored by the February Budget, which allowed 100 per cent foreign direct investment (FDI) in insurance, subject to simplified guardrails — a move aimed at boosting capital infusion and trust in the sector.
 
India, she noted, is on track
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