life insurance facts
TRANSCRIPT
Life Insurance Facts
People in India do not have access to any form of Life Insurance
1 in 10
The average life insurance premium costs less than most car insurance premiums
Why go for Life Insurance?
Financial Support to Family
Recurring Income for Family
Take care of outstanding loans
Ability to pay for large one-time expenses
Some Life Insurance Facts
750 MIndia's Insurable Population by 2020
74 YrsIndia's average Life Expectancy by 2020
3.3% 6.2%India's Insurance Penetration in 2015
Global Insurance Penetration in 2015
Insurance Penetration among BRICS
Insurance Penetration - BRICS
4%
1.3%
3.3%
3%
15.4%
Brazil
Russia
India
China
South Africa
0 5 10 15 20
Insurance Penetration - 2010 - 2015
Insurance Penetration: YoY
5.1%
4.1% 3.96% 3.9%3.3%
2010 - 11
2011 - 12
2012 - 13
2013 - 14
2014 - 15
0
2.5
5
7.5
Sources:
Business Standard
IBEF: Insurance Sector in India
Adverse Affects of Low or No Insurance
50% or moreof a family's income is lost as a result of:
Serious Injury Serious Illness Premature death of Primary Earning Member