Financial inclusion has become a buzzword in India. Insurance firms have woken up to the possibility of profitably addressing the needs of the lower income segment of the market. As a result, after the interest in microfinance, we are now seeing a microinsurance wave. In this report, the author analyses the progress of the life microinsurance sector in India. In the last two to three years, the industry has made rapid strides, and both public and private sector firms are catering to it. In this report, Celent hopes to inform readers about the development of this market, as well as some of the interesting lessons that can be drawn from the Indian experience.