Perspectives on industry trends, product innovation, and the future of insurance.

IRDAI FY25 data shows surrender payouts approaching 60% of new business premium, even as renewal premiums overtake fresh sales.

India's life insurance coverage stands at just 1.1–1.3x of GDP against an ideal of 10x — a profound protection gap that premium-based metrics alone fail to reveal.

The rise of the MGA originally came from filling the gaps left behind by traditional insurers — providing coverage for things people want protected but would otherwise be unable to protect.