Target sustained double-digit growth: Irdai chief to insurers

THE INSURANCE INDUSTRY should aspire to grow in double digits and in a sustained manner, Insurance Regulatory and Development Authority of India (Irdai) Chairperson Ajay Seth said at the FE Insurance Summit 2025 here on Friday.

- KSHIPRA PETKAR

“Growth has been in single digits. But in a country with a (large) young population, the growth has to be nominal growth of the economy plus 4-5%. And that should be sustained over the next two decades. That is the kind of a number we should be looking for,’ Seth said.