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India’s Insurance Sector Eyes Transformative Growth by 2047

Official Press

19 Jan 2026

At the IFSCA–IRDAI–GIFT City Global Reinsurance Summit, Secretary of the Department of Financial Services, Shri M. Nagaraju, underscored India's ambitious vision for "Insurance for All by 2047." The Indian insurance sector, having recorded a premium of ₹11.93 lakh crore and AUM of ₹74.44 lakh crore in FY 2024–25, aims to further its growth and global presence. Structural reforms and policy frameworks such as 100% FDI in the insurance sector are key to this vision.

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Prime Minister's Address at the European Round Table for Industry

India and Sweden: A Strengthened Strategic Partnership

Prime Minister Narendra Modi Calls for Stronger India-Europe Economic Ties at ERT

Prime Minister Narendra Modi Holds Bilateral Talks with Swedish Prime Minister Ulf Kristersson