Moody's Projects 7.3% GDP Growth in FY26 to Support Rising Insurance Demand

Moody's projects India's GDP growth at 7.3% for FY26, up from 6.5% the previous year, which is expected to boost average household incomes and increase demand for insurance. The insurance sector benefits from economic expansion, digitisation, tax reforms, and planned state-owned insurer restructuring. Total insurance premiums rose 17% in April-November 2025-26, with health and life segments growing notably. Swiss Re forecasts India's insurance premium growth to accelerate to 6.9% annually through 2030, outpacing major markets due to strong fundamentals and regulatory changes.