Offline insurance distribution could surge 4X to Rs 60,000 crore by FY30: HSBC report
The agent-led insurance distribution business sourced premiums worth Rs 13,800 crore in FY25, and this is expected to grow to Rs 60,000 crore within the next five years, according to a report on Indian insurance by HSBC Global Investment Research.
Motor insurance continues to be the most popular product being moved through agents, aka Point Of Sale Persons (POSPs). More than 10% of the total motor insurance sales in the country are done through this route, said the report. Per HSBC’s internal estimates, this share is expected to climb up to 20.6% within the next five years.
