Nirmala Sitharaman reviewed India’s public sector general insurance companies, noting premium growth from Rs 80,000 crore in 2019 to Rs 1.06 lakh crore in 2025. While penetration remains low at 1% of GDP, density is improving, and claims ratios are moderating.

• PSGIC premiums rose to Rs 1.06 lakh crore in 2025.
• Insurance density increased from $9 (2019) to $25 (2023).
• Claims ratios declined post-pandemic for all insurers.