India’s insurance penetration remains stubbornly low despite rising awareness. With life insurance accounting for just 2.8% of GDP, millions of households remain financially vulnerable. In this episode of Why Not Mint Money, host Avanne Dubash speaks with Alok Rungta, MD & CEO of Generali Central Life Insurance, on why India continues to buy insurance late, buy inadequate cover, and rarely reassess protection as life changes. The conversation explores how insurers can shift the narrative from policy-selling to real financial protection, and what needs to change for India to close its insurance gap.
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