India Two Wheeler Insurance Market Analysis, Growth, Trends, Share, Size & Forecast
Increasing incidents of road accidents due to the rise in traffic to drive India two wheeler insurance market until 2024. According to TechSci Research report, “ India Two Wheeler Insurance Marke t By Vehicle Type, By Type, By Source, By Premium Type, Competition, Forecast & Opportunities, 2024 ”, India two wheeler insurance market is expected to grow at a double-digit CAGR during the forecast period. With sales of 26 million two-wheelers in 2018, India is the world’s largest two-wheeler market. Important Aspects of India Two Wheeler Insurance Market The rise in the number of vehicles is contributing to increasing road accidents which is further driving the two-wheeler insurance market. Also, according to the motor vehicle act, of 1988, licensed drivers need to have insurance for their vehicles, which would drive growth in the market in the coming years. The coverage of insurance depends upon the type of insurance. For example, liability coverage...