In a first, micro Insurance premium in life segment tops Rs 10k cr in FY24

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In a first, micro Insurance premium in life segment tops Rs 10k cr in FY24 - Business Standard

Quick Summary:

Private life insurers dominate the segment, accounting for over Rs 10,708.

The sale of these products received a nudge after the insurance regulator introduced regulations for the distribution of micro insurance in 2005.

Micro insurance, intended for the protection of low-income people, offers affordable insurance products to help them cope with and recover from financial losses.