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Insurance Sector in India


Sep, 2015

Insurance Sector in India

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The insurance sector in India is burgeoning with 52 insurance companies of which 24 are in life insurance business and 28 are non-life insurers. While the industry still struggles with challenges like lack of awareness, low penetration; the strong fundamentals of this industry are an absolute necessity for the sustainable long-term growth of an economy. Liberalization has led to the entry of some of the world’s largest insurance players in India over the last 12 years. In a recent move, Indian government amended an insurance law to raise the cap […]