A strong growth has been witnessed in India’s non-life insurance segment over the last few years. The market share of private companies has increased to 50.40% from 13.12% in the last 15 years. Rising internet penetration has improved aware-ness and accessibility, thereby accelerating de- mand for...
Probus Insurance is a leading online insurance broking firm that offers a large number of insurance products across non-life and life insurance categories. Rakesh Goyal, Director, Probus Insurance, spoke to BE’s Aritra Mitra. Q. What is the condition of the Indian insurance sector as compared...
The life insurance segment is still dominated by a public sector player when the government is promoting private and foreign investment in the Indian market. The Life Insurance Corporation of India (LICI) remains the largest player in the Indian life insurance market despite having 23 private compan...
Insurances are partially similar to banks and capital markets as they serve the needs of business units and private households in financial intermediation. The availability of insurance services is important for the stability of the economy. It makes business participants accept aggravated risks. Th...
Dear Readers,Bharat economy: Nobel laureate Abhijit Banerjee said Bharat’s economy is in a very bad shape. In a way, inflation can keep the economy lubricated and growing. It also keeps the labour demand up. Economy is in demand deficit. Government should lower its equity below 50% in public secto...