Published by Uma Rajagopal
Posted on November 24, 2021
According to the latest report by IMARC Group, titled “India Bancassurance Market Share: Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026,” the India bancassurance market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group is expected the India bancassurance market to grow at a CAGR of around 7% during 2021-2026. Bancassurance is an arrangement between insurance companies and banks, which enables the bank to earn additional revenue by selling products of the insurance company. It assists in expanding the financial product portfolio of banks and improving their turnover with little or no capital outlay. As it also aids in profit maximization, customization of products and services, sales generation, and retention of existing and new customers, bancassurance is gaining popularity in India.
Request Free Sample Report: https://www.imarcgroup.com/india-bancassurance-market/requestsample
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
There is a rise in the number of banks across India, which are engaging in strategic partnerships to strengthen their market presence. This represents one of the key factors positively influencing the market. Besides this, considerable expansion of the banking, financial, services and insurance (BFSI) sector is also contributing to market growth. Furthermore, leading market players operating in the country are continuously improving their digital strategies. This, along with the rising presence of commercial banking networks and foreign insurance companies, is creating a favorable market outlook.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/india-bancassurance-market
Key Market Segmentation:
Breakup by Product Type:
Breakup by Model Type:
Breakup by Region:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Latest Market Research Reports by IMARC Group (2021-2026):
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
According to the latest report by IMARC Group, titled “India Bancassurance Market Share: Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026,” the India bancassurance market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group is expected the India bancassurance market to grow at a CAGR of around 7% during 2021-2026. Bancassurance is an arrangement between insurance companies and banks, which enables the bank to earn additional revenue by selling products of the insurance company. It assists in expanding the financial product portfolio of banks and improving their turnover with little or no capital outlay. As it also aids in profit maximization, customization of products and services, sales generation, and retention of existing and new customers, bancassurance is gaining popularity in India.
Request Free Sample Report: https://www.imarcgroup.com/india-bancassurance-market/requestsample
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
There is a rise in the number of banks across India, which are engaging in strategic partnerships to strengthen their market presence. This represents one of the key factors positively influencing the market. Besides this, considerable expansion of the banking, financial, services and insurance (BFSI) sector is also contributing to market growth. Furthermore, leading market players operating in the country are continuously improving their digital strategies. This, along with the rising presence of commercial banking networks and foreign insurance companies, is creating a favorable market outlook.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/india-bancassurance-market
Key Market Segmentation:
Breakup by Product Type:
Breakup by Model Type:
Breakup by Region:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Latest Market Research Reports by IMARC Group (2021-2026):
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
