Research article

TRENDS AND PATTERNS OF FDI IN INSURANCE SECTOR

Satya Paul Sharma, Prof. Sunil Joshi

Online First: March 14, 2023


In past two decades, Indian Insurance Industry has made tremendous progress. The reasons for this could be growing number of youth working population, increasing number of nuclear families, more awareness for financial products among masses, introduction and promotion of various innovative insurance schemes by government and viewing of motor vehicles as status symbols leading to growth in demand of motor insurance policies. Moreover, the recent pandemic has also created a panic among the general public thus encouraging them to buy more and more life insurance policies as well as health insurance policies. Today, Indian Insurance Industry ranks 10th in the world in case of life insurance business and 15th in the world in case of non-life insurance business. (https://www.policyholder.gov.in/indian_insurance_market.aspx)

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