BBCNEWS Asia Business Report June 4, 2024 23:40:00
Unaddressed challenge — barely 8% of the total losses are covered by insurance, according to the research arm of the country's largest bank. it means an average indian is insured only roughly about 8% of what might be required to protect the family from a financial shock following a disaster. that leaves the country with a 93% insurance protection gap — far higher than the global average of 54%. urgent solutions to thought this through public—private disaster pool and improving awareness about insurance amongst more businesses are some of the things the report recommends to address this ...