According to an estimate study done by Insurance Regulatory and Development Authority,
life insurance sector need an additional capital of Rs 44,500 crore and nonlife insurance sector needs Rs 10,500 crore in the next five years.
And
the life insurance sector needs some serious changes.
Not exact matches
From commercial banking, to stock broking, to mutual funds, to
life insurance, to investment banking, the group caters to the diverse financial
needs of individuals and corporate
sector.
Now, this
sector has 24
Life Insurance and 24 General
Insurance companies which offer various innovative products keeping in mind the different
needs of people.