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What is Overview of India about?

The Indian insurance sector consists of 53 companies, with 24 in life insurance and 29 in non-life insurance. The sole public sector life insurer is LIC, and there are 6 public sector non-life insurers. The regulatory body is the Insurance Regulatory and Development Authority of India (IRDAI), which aims to protect policyholders, promote growth of the insurance sector for economic development, and enforce high standards of integrity and financial soundness for regulated entities.

Author

Gaurav Goel

Language

EN