Maharashtra leads policies, manufacturing tops claims

Maharashtra led the way in policies (20.9%), with Gujarat, Karnataka, and Delhi close behind. These four states made up over half of all policies.
Manufacturing saw the most claims, especially from machinery and construction work.
Claims spiked during monsoon season (June-September), with July alone seeing a big peak at 13.4%.

Most buy for compliance, activations quicken

Nearly all MSMEs (94.6%) still buy insurance primarily to stay compliant with rules, but there's a slow shift toward making insurance part of broader safety plans.
Digital platforms are speeding things up too: now over 82% of policies get activated within three days instead of taking up to a week before.