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The India insurance market » was valued at USD 303.30 billion in 2024. Based on IMARC Group’s analysis, the market is projected to expand significantly, reaching USD 807.90 billion by 2033, supported by a strong CAGR of 11.50% during 2025–2033. In terms of regional performance, North India emerged as the leading market, accounting for a substantial 33.7% share in 2024, driven by higher insurance penetration, rising awareness, and strong economic activity.
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