Moody's: India's 7.3% FY26 GDP Growth to Boost Incomes, Fuel Insurance Demand

• Moody's projects India's economy to grow by 7.3% in FY26, up from 6.5% the previous year, supporting household incomes.
• Strong economic expansion, increased digitization, and tax changes are set to drive sustained premium growth in India's insurance sector.
• Total insurance premium revenue surged 17% to Rs 10.9 lakh crore in April-November 2025-26, with health premiums up 14% and life new business premiums climbing 20%.
• Digitization efforts align with the 'Insurance for All' by 2047 objective, making insurance products more accessible.
• Government reforms, including recapitalization and potential privatization of state-owned insurers, aim to improve profitability; foreign investment limit increased to 100%.

Why It Matters: India's robust economic growth and digitization are set to significantly boost household incomes and insurance demand.