Micro, Small, and Medium Enterprises (MSMEs) contributing around 30% of the Indian gross domestic product (GDP), around 45% of the manufacturing output, and approximately 40% of the country’s exports.
The SME insurance market size exceeded USD 417.2 billion in 2023 and is poised to expand at around 7% CAGR from 2024 to 2032, driven by the increasing awareness of the risks associated with running a
