Understanding India’s Insurance Sector..

The cabinet approval for listing of five general insurance company is a smart move which would not only mop up some money for the government but also pave the way for listing of LIC, the insurance behemoth. Further, this would bring about greater transparency and visibility to their operations. Despite having total investments of nearly Rs 27 lakh crore, almost one-fourth the size of entire banking industry, sector’s financial details receives very low attention in the mainstream media. A brief look at aggregate indicators of the sector.

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