Current Affairs · Insurance and Pension Sector
According to the Economic Survey 2024-25, which of the following correctly matches the data trends in India's insurance and pension sectors during FY24?
- 1Insurance penetration remained unchanged at 4%; NPS subscribers increased to 900 lakh; Mercer Index score remained at 44.
- 2Total insurance premiums contracted to ₹10 lakh crore; life insurance penetration increased; NPS + APY subscribers remained stable; Mercer Index score improved marginally.
- 3Total insurance premiums grew by 7.7% to ₹11.2 lakh crore; insurance penetration declined from 4% to 3.7%; NPS + APY subscriber base rose to 783.4 lakh (+16% YoY); Mercer Pension Index score declined from 45.9 to 44.✓
- 4Total insurance premiums grew by 10%; insurance penetration improved to 4.2%; NPS subscribers grew by 10%; Mercer Index score rose by 2 points.
Correct answer
Total insurance premiums grew by 7.7% to ₹11.2 lakh crore; insurance penetration declined from 4% to 3.7%; NPS + APY subscriber base rose to 783.4 lakh (+16% YoY); Mercer Pension Index score declined from 45.9 to 44.
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