Optima Insurance Brokers Pvt. Ltd.

Insights

Our views on important risk issues and emerging risks.

2025 ushers in double-digit growth for Non-Life Insurance industry of India

2025 ushers in with prospects of high growth in the Non-Life Insurance sector in India despite flat general insurance penetration. An estimated 14% annual growth rate for 2025 is driven by an integrated digital public infrastructure reducing costs, hyper-personalised solutions and a conducive regulatory environment to extend insurance reach to underserved areas.

Moreover, the Non-Life insurance industry is expected to benefit with a favourable outcome on GST relief and a revisit of third-party rates for motor insurance.

As per Insurance Regulatory and Development Authority of India (IRDAI), the insurance density (ratio of premiums collected to the population) in the non-life industry of India has increased to USD 25, up from USD 22 in 2022-23.

The annual high growth will be led by health insurance with significant expansion in non-motor and non-health segments like pet insurance, liability, professional indemnity, and housing insurance. Cyber insurance, parametric insurance for disaster management and surety bonds as alternative means of infrastructure financing is expected to gain prominence going forward.

As per industry experts, there is a need to provide affordable and accessible insurance with much needed innovation in underwriting, product development and customer service, to increase insurance penetration and spread its growth into tier-2 and tier-3 cities across India.

As per Swiss Re, a reinsurance major, India’s insurance sector is projected to grow the fastest among G20 countries, with an average growth rate of 7.1% in the total premium in comparison to the global average of 2.4% between 2024 and 2028.



Optima’s core group has more than 100 man-years of experience in insurance. Our experience has trained us in reading the fine print of insurance policies, understanding it and applying it for the benefit of our clients.

  • Follow Us:  
  •  
  •  

Corporate Office

M6, M Block Market, Greater Kailash-II, New Delhi-110 048
+91-11-40 50 51 52, +91-11-40 50 51 53

Registered Office

M4, Greater Kailash-II, New Delhi-100 048
+91-11-40505159
info@optima.co.in

IRDA Registration Number 326  |  CIN : U66030DL2000PTC103603  |  Category : Direct Broker (Life and Non-Life)  |  License period : 22-03-21 to 21-03-24
© 2025 Copyrights, Optima Insurance Brokers Pvt. Ltd.