Based on the provided data (value in Billion Indian Rupees):
- 2024: 228.79
- 2025: 225.18
- 2026: 221.65
- 2027: 218.19
- 2028: 214.8
The year-on-year percentage variations are as follows:
- 2025: -1.58%
- 2026: -1.57%
- 2027: -1.56%
- 2028: -1.55%
The Compound Annual Growth Rate (CAGR) over the last 5 years (2024-2028) is -1.57%.
Future trends to watch for include shifts in policyholder demographics, economic changes affecting disposable incomes, and evolving competition from private insurers and digital insurance platforms. Continuous monitoring of regulatory changes and technological advancements will also be crucial.
