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flag Indian insurers seek tax breaks for growth in a market projected as the fastest among G20 nations.

flag Indian insurers aim for tax breaks and incentives in the upcoming Union Budget to boost the country's insurance market, which is projected to be the fastest-growing among G20 nations with a 7.3% annual growth rate from 2025 to 2029. flag This growth is driven by a supportive regulatory environment, digitalization, and robust economic conditions. flag Life insurance, making up 74% of the market, is forecast to grow by 5% in 2025, while non-life insurance is expected to expand by 7.3% annually. flag India's economic growth is also creating risk hotspots, underlining the sector's role in addressing these challenges.

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