Even as India’s insurance penetration grew from 2.71% in 2001 to 3.76% in 2019, when compared with the penetration recorded in comparable Asian economies such as Malaysia, Thailand and China at 4.72, 4.99 and 4.30 % respectively, was found to be much lower, the survey stated.source https://economictimes.indiatimes.com/industry/banking/finance/insure/indias-insurance-penetration-extremely-low-compared-to-asian-rivals-such-as-china-malaysia-and-thailand-economic-survey-2020-21/articleshow/80584960.cms
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