India's effective insurance coverage could rise from an estimated 15% to 30% in five years

The Economic Times reports that IRDAI Chairman Ajay Seth estimated that about 15% of India's population and businesses have effective insurance coverage, a figure he said could reach 30% in five years. He said the industry tracks policies sold and premiums collected, but not how many people and businesses are adequately insured. Seth said digital services could help make insurance more affordable and expand access.