Happy Republic Day…


Indian Constitution is one of the finest in the world which came into effect from 26th January 1950. India, being the largest democracy of the world is a sovereign state and it’s Constitution has been praised worldwide.

Popularly known as the Republic Day, 26th January is one of the National festivals apart from Independence Day and Gandhi Jayanti, both of which are celebrated on 15th August and 2nd October respectively. Independence Day marks the celebration of India becoming independent from British regime way back on 15th August, 1947 while Gandhi Jayanti is celebrated as to remember Mohandas Karamchand Gandhi, popularly known as Mahatma Gandhi to mark his birth anniversary. He is also known as the Father of Nation.

On the eve of Republic Day, the President of India hoist the national flag and addresses the nation at Rajpath, New Delhi. Also Governor of different states hoist the national flag in the State capital. This day is celebrated proudly across the nation.

So on the eve of the Republic Day, I wish you a very happy Republic Day. Do good to yourself and to our nation as well. Let’s keep up the good spirit with our deeds and work in order to take India to next level. 🙂 Let’s always work to make India better and better so that our National flag i.e The Tricolor should keep flying proudly at the top. Become a contributor in nation building. Happy Republic Day.. Be happy… Stay blessed… 🤗

Ashish Kumar

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Dawn to dusk…


Coming from dawn to dusk.

Life seems sometimes like dust.

Few incidents have ever lasting impact.

It’s difficult to keep things intact.

What to do and what not?

How to remove the challenging knot?

Twists and turns are coming around.

Choice has to be made…

Either to face or leave the ground.

Quiting is not the solution it seems.

Better to face it to fulfill the dream.

Darkness will be here and there.

Light will definitely emerge somewhere.

Once decided, better to go ahead.

Not required to waste time by scratching the head.

What will happen will happen.

This doesn’t make life misshapen.

Consistent effort is required from dawn to dusk.

That will eradicate the dust.

While facing the struggles and challenges.

One may think of losing the patience.

And life may seems like dust.

Consistent effort is required from dawn to dusk.

That will eradicate the dust.

Ashish Kumar

Understanding Insurance Penetration


Two of the most important and mostly used terminologies in insurance industry throughout the globe are insurance penetration and insurance density. In fact, these two are also used to compare the insurance industry of various countries and plays an important parameter for judging the insurance growth in any economy. In this post, I will discuss about Insurance penetration and will try to a make readers understand about the same and will be discussing Insurance density in a separate post.

Insurance Penetration: Technically, Insurance Penetration is the ration of premium underwritten in a particular year to the Gross Domestic Product (GDP) of the country and is expressed as a percentage. In other words, insurance penetration is the percentage contribution of the insurance sector to the GDP of the country. Let us understand with an example. Suppose the total premium underwritten in a Financial Year in a country is INR 1,00,00,000 and the GDP of the country of that Financial Year is INR 50,00,00,000. To calculate the insurance penetration, divide the premium underwritten to the GDP which means, (1,00,00,000/50,00,00,000 = 0.02) and expressing this as a percentage will come up to 2% (0.02*100 = 2). This means, the insurance penetration is 2%. Insurance Penetration is widely used and you will encounter this jargon in almost every insurance journals, reports, research papers etc.

As per the latest Insurance Regulatory and Development Authority of India (IRDAI) Annual Report 2017-18, the insurance penetration of India in 2017 was 3.69% which is a slight increase from 3.49% in 2016. Further, the insurance penetration can be segregated in to life insurance and non-life insurance. As per IRDAI Annual Report, the life insurance penetration and non-life insurance penetration of India in 2017-18 were 2.76% and 0.93% respectively.  For 2016-17, life insurance penetration and non-life insurance penetration were 2.72% and 0.72% respectively. This indicates a marginal increase in life insurance and non-life insurance penetration from 2016-17 to 2017-18. Let’s look at the insurance penetration of some of the countries which is given in the following table:

Insurance Penetration of selected countries (in %)
Country Year 2016 Year 2017
Life Non-Life Total Life Non-Life Total
Taiwan 16.65 3.34 19.99 17.89 3.42 21.32
Hong Kong 16.2 1.41 17.6 14.58 3.36 17.94
South Africa 11.52 2.74 14.27 11.02 2.74 13.75
South Korea 7.37 4.72 12.08 6.56 5 11.57
United Kingdom (UK) 7.58 2.58 10.16 7.22 2.36 9.58
France 6.06 3.17 9.23 5.77 3.18 8.95
Japan 7.15 2.37 9.51 6.26 2.34 8.59
Switzerland 4.72 4.12 8.85 4.41 4.12 8.53
Singapore 5.48 1.67 7.15 6.64 1.58 8.23
India 2.72 0.77 3.49 2.76 0.93 3.69
World 3.47 2.81 6.28 3.33 2.8 6.13
Source: Swiss Re, Sigma volumes, 3/2017and 3/2018

A closure look at the insurance penetration reveals that India is way behind the world average insurance penetration.  Taiwan is the country with highest insurance penetration of 21.32 % followed by Hong Kong and South Africa having insurance penetration of 17.94% and 13.75% respectively. Also, the above table reveals that Switzerland is the country where the gap between life and non-life insurance penetration is minimum. In fact, Switzerland has a proper distribution of life and non-life insurance business and both life and non-life insurance has almost equal contribution to the country’s GDP.

Insurance penetration is an indicator of growth of insurance sector for any economy in a particular year. It is widely used as a comparative tool to measure and compare insurance industry among various countries and hence knowing and understanding of insurance penetration is beneficial for all of us. Hope I was able to make you understand this jargon in simple terms. 🙂

Ashish Kumar

1000 Followers


Recently my blog crossed 1000 followers and I am really surprised to know the same. When I started sharing my writings here, I have never thought of continuing for long but the overwhelming response and motivation from all of you had kept me going. 🤗😄

Just wanted to say thanks to all of you for your love and support which is the biggest gift for a writer. I am not that much active on blogging but have always tried to write whatever comes in my mind and share among you all. Your views and motivation are very important and I hope you all will continue to shower your blessings on me. 😃 Thanks a lot for reading, liking and sharing your views which keeps me going and I hope to write much more in coming future… 🤗😄🙏 Stay tuned and thanks a million for this… Have a nice day. God bless you all with lots of love and happiness… 🤗😊🙂

Ashish Kumar

What should I write?


What should I write???
Nothing comes in my mind.
No idea and no creativity.
How can I be so lazy?
Thought of writing something real.
Ended up writing the unreal.
This happens several times.
But I really enjoy such times.

Writer’s are different from rest of the world.
They have the power to create and change the world.
Writing requires imagination and thinking.
Every literary piece is amazing.
Be it love, romance, sad or motivational.
Writer’s are a source of inspiration.
I too want to write something now.
By reading it, you can say waw.
I am willing to write.
What should I write?
Not able to think the exact plot.
Do I need to take a rest to create the new plot?
Thinking from morning to evening.
I am not able to write anything.
But I will write soon.
With a positive noon.
But…
For the present.
What should I write???
Nothing comes in my mind.

Ashish Kumar

Welcome 2019


A warm welcome to the new year, 2019. As we have entered into a new year, I hope everything goes well with everyone in this new year. Just wanted to wish all of you a very happy new year. May God fulfill all your upcoming desires in this year with smiling faces. 🤗😅

One of the important aspects of the new year is to make a new year resolution and I have always failed in making the same. Every year, my new year resolution remains the same i.e to make a new year resolution. Confused? 🙄🤔 I have always failed in making new year resolution and hence on every new year eve, my new year resolution is to make a new year resolution. 😕😏 But this year my wish is to work on my novel and complete it and I am hopeful of doing so. 🤗

Once again, I wish all of you a very happy new year. Do share your new year resolution or wish which you want to accomplish. God bless you all. Stay tuned for my posts… 😊😃

Ashish Kumar