In present time Indian economy is booming and do inflation!! the inflation rate has risen to 11%. but, economy is growing at the rate of 9%, many companies are coming to India with growth and development plans that include BPOs, KPOs, IT companies and insurance companies. In earlier days there were only 4 nationalised insurance companies in India they are -
1) New India Assurance
2) United India Insurance
3) National Insurance
4) Oriental Insurance
Due to economic growth and ammended laws by IRDA (Insurance Regulatory Development Authority) a lot of foreign insurance companies has entered into Indian market. This
result in joint venture and today there are around 20 insurers in India. Earlier the insurance premiums was same from all the insurers but, now prices may vary as per IRDA new policies. The insurance market has been detariffed in India.
Nobody know what mysteries are the in future but, it is for sure that one have to think alot while taking insurance for him/her or for loved ones. There are lot of choices, every company is advertising, branding their products. But baseline is that everyone wants security and maximum benefits at the time of need.
Friday, September 19, 2008
Subscribe to:
Post Comments (Atom)
Subscribe To
Posts
Comments
1 comment:
Impressive post. I completely agree with all the points that you have highlighted to prove the importance of having an insurance policy. But still there are many people who didn't find it worthy and thinks that its a waste of money. I am sure that who ever will read this post will realize that insurance is must.
business insurance quotes
Post a Comment