In 2024, the persons covered by public personal accident insurance in India are forecasted to be 770.53 million. This is set to increase to 803.88 million in 2025 (4.33% year-on-year growth), 836.58 million in 2026 (4.07% growth), 868.61 million in 2027 (3.83% growth), and 900.01 million in 2028 (3.61% growth). The compound annual growth rate (CAGR) over the five years from 2024 to 2028 is approximately 3.71%.
Future Trends to Watch
Future trends include a growing emphasis on proactive safety measures and insurance products tailored to the increasingly mobile and urban population. Advancements in digital insurance platforms and increased government incentives will likely drive further growth in policy coverage.
