That more and more FDIs can be infused into the Insurance sector, the Rajya Sabha permitted 74% FDIs in this sector on 18th March 2021. Previously the FDI limit was 49%.
India is the 5th largest life insurance market in the emerging insurance economies in the world. It is growing at a healthy rate of 32-34% annually.
Insurance Penetration means ‘Insurance Sector Development’ within a country. It is calculated as percentage of insurance premium to GDP. The penetration takes place in two segments which are non-life insurance
The passage for précis will consist of around 450 words and you are required to write the précis in about 150 words.
Banks play a crucial role in bringing any kind of government schemes or other products to the huge masses of the country,
Insurance is a kind of arrangement in which a company provides a guarantee of compensation for any kind of loss whether things or one’s life. It is done by
Mis-selling of Insurance Products and measures to prevent it The following points are to be elaborated on and the essay is ready.
1. What is mis-selling of Insurance Policies?
2. How does mis-selling take place?
3. Who is the most vulnerable to mis-selling?
4. What are the measures to prevent mis-selling of Insurance policies?