India's Insurance Revolution: Higher Coverage, Digital Payments, & Early Retirement Drive 2025 Shift

• Post-GST removal, health insurance coverage surged from Rs 14.5 lakh to Rs 19 lakh, with high-value policies doubling and longer terms becoming popular.
• Tier-three cities now account for 70% of insurance purchases, indicating a significant shift beyond metropolitan areas.
• Motor insurance sees EV policies grow 2.5x, premiums triple, and usage-based 'pay-as-you-drive' plans gain mainstream adoption, saving 25-30%.
• Millennials in their 30s lead investment, while under-35s triple their share in retirement plans, reflecting the growing FIRE movement.
• UPI dominates premium payments at 64%, with UPI autopay and buy-now-pay-later options transforming transaction habits.

Why It Matters: Indians are buying more and better insurance, driven by digital payments and a focus on financial planning.