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The Economic Times
The Economic Times
Business

AI alone won’t close India’s insurance gap as NITI Aayog seeks industry help to reach the ‘missing middle’

Insurance NITI Aayog India Niti Amit Dave

Artificial intelligence may help insurers reach more Indians, but technology alone will not close the country's insurance gap, with government and private players needing to work together to bring the large "missing middle" under adequate coverage, NITI Aayog's Sanjeet Singh said at the Global FinTech Fest (GFF) 2026.

Singh, Programme Director, Economics and Finance-II, Trade & Commerce, Disinvestment and International Cooperation at NITI Aayog, said AI should be viewed as an enabler of India's broader development objectives rather than as a standalone solution to the country's insurance challenges.

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