Daily Current Affairs - 25 August 2013 1) As per information - TopicsExpress

Daily Current Affairs - 25 August 2013 1) As per information furnished by Insurance Regulatory and Development Authority (IRDA), what was the life insurance penetration rate in India in the year 2012? – 3.17% (The penetration of life insurance sector in India has increased from 2.15% in 2001 to 3.17% in 2012 which is above that of Brazil, Russia, Malaysia, Pakistan, China, Sri Lanka, Australia, Germany but below France, Switzerland, United Kingdom, United States of America, Japan, Singapore, South Korea, Taiwan and Hong Kong. Insurance coverage in a country is generally measured by insurance penetration, which is the ratio of premium underwritten in a given year to the Gross Domestic Product (GDP))

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