New Delhi, Jan. 31 -- India's insurance sector is expected to be the fastest-growing market among G20 nations over the next five years (2024-2028), according to the Economic Survey 2024-25 presented in Parliament on Friday.

The survey highlighted the sector's strong performance and its growing role in India's financial system.

It said "India's insurance sector is performing well and is projected to become the fastest-growing market among G20 nations over the next five years (2024-2028)".

The survey highlighted that the rapid expansion of the insurance market is driven by strong economic fundamentals, increasing corporate earnings, and rising institutional investments.

Additionally, the sector has benefited from growing inflows from Sy...