India Insurance - Insurance Companies in India

Publish date: 11-12-2011 07:55:17 | Contact Name: ritesh patel | Location: india | 41 times displayed |

In India, Insurance is a national matter, in which life and general insurance is yet a booming sector with huge possibilities for different global companies, as life insurance premiums account to 2.5% and general insurance premiums account to 0.65% of India's GDP.

The Indian Insurance sector has gone through several phases and changes, especially after 1999, when the Govt. of India opened up the insurance sector for private companies to solicit insurance, allowing FDI up to 26%.

Since then, the Insurance sector in India is considered as a flourishing market amongst global insurance companies.

However, the largest life insurance company in India is still owned by the government.

http://www.indiainsurance.co.cc