Insurance In India
Insurance is a subject listed in the Union list in the Seventh Schedule to the Constitution of India where only centre can legislate. The insurance sector has gone through a number of phases by allowing private companies to solicit insurance and also allowing foreign direct investment of up to 49%, the insurance sector has been a booming market. However, the largest life-insurance company in India is still owned by the government.
Read more about Insurance In India: History, Industry Structure, Acts, Authorities, Insurance Education
Famous quotes containing the words insurance and/or india:
“For there can be no whiter whiteness than this one:
An insurance man’s shirt on its morning run.”
—Gwendolyn Brooks (b. 1917)
“India is an abstraction.... India is no more a political personality than Europe. India is a geographical term. It is no more a united nation than the Equator.”
—Winston Churchill (1874–1965)