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What is Indian Insurance Sector Liberalization Insights about?

The document discusses the liberalization of the Indian insurance sector and the debate around allowing foreign participation. It notes the Indian government wanted competition but also feared premiums would leave the country. Thanks to consensus among political parties, the Insurance Regulatory and Development Authority was established, opening the sector to private insurers. Private insurers are expected to improve customer service and products over government insurers hampered by bureaucracy. However, cr

Author

NitinAgnihotri

Language

EN