Question
What was the increase in the insurance density in India
in FY24 as per economic survey 2023-24?Solution
According to the Economic Survey 2023-24, the insurance density in India increased by $1 from FY22 to FY23, going from $91 to $92 per capita; essentially showing a very slight increase in insurance density. Key points: Insurance density in FY22: $91 Insurance density in FY23: $92
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