Insurance for All: Expanding Coverage, Strengthening Social Security

• "Insurance for All by 2047" is IRDAI's vision aligning life, health and property insurance coverage with India's centenary of independence, anchored by the Bima Trinity (Sugam–Vistaar–Vahak) and the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025.
• India is the 10th largest insurance market globally by premium volume (Swiss Re); insurance + pension share in household financial assets rose to 29.6% in FY25 from 28.6% in FY19.
• High-yield UPSC topic: cross-cuts GS-II (welfare/social security) and GS-III (financial sector, FDI, regulators).