India’s insurance industry is undergoing a transformative shift driven by the ambitious goal of achieving “Insurance for All by 2047,” as envisioned by the Insurance Regulatory and Development Authority of India (IRDAI).

Vision 2047: Insurance for All
IRDAI’s Vision 2047 aligns with India’s broader goal of becoming a developed nation (Viksit Bharat) by its centenary of independence. The mission is to ensure every citizen and enterprise has access to life, health, and property insurance, fostering financial resilience and dignity.

The Road to 2047
By 2047, India aims to :
* Achieve universal insurance coverage.
* Become a global leader in insurance innovation and financial protection.
* Ensure no citizen faces financial ruin due to unforeseen events.
This vision is not just about policy—it’s about building a culture of protection, resilience and empowerment.

Challenges Ahead
* Low insurance penetration (currently around 4.2% of GDP).
* Limited financial literacy and trust in insurance products.
* Need for robust infrastructure to support digital ecosystems in remote areas.

We at PolicyKavach with our experience and professional expertise thought it apt to take up the mantle of playing a significant role in achieving this goal by being an aggressive, conscientious and ethical player, as a Broker, in the distribution segment of the supply chain.