Year-on-Year Variations:
2024: +1.03%
2025: +1.02%
2026: +0.93%
2027: +0.92%
CAGR (2023-2027): +0.97%
Future Trends: Continued steady growth in insurance expenditure relative to GDP is expected. Factors such as rising healthcare costs, increasing demand for life insurance, and evolving regulatory landscapes are likely to drive modest yet consistent increases in expenditure.
