Insurance industry to touch $280 bn by FY20: ASSOCHAM Study

• The Indian insurance industry is expected to grow to $ 280 billion by 2019-20 according to an Assocham-APAS study.
• Insurance penetration in the country reached 3.7 per cent in 2017 from 2.71 per cent in 2001.

Points to remember:

1. Growth till $ 280 billion.
2. Insurance penetration in 2017