Insurance

Insurance - A Growth Story.

Insurance has emerged as a large players in the indian financial service sector-both form the retail and investment perspectives. Life Insurance Corporation of india to bring you his views on a broad range of issues the insurance industry faces. Mr. Hemant Bargava ( Executive Director LIC of India )

What is your assessment of Indian Life Insurance Industry? The Indian life insurance industry has grown in totality over last few years to take the life insurance penetration standing to 4%, as compared to 2 % some ten years back. Compared to some of the Asian countries like Hong Kong, Taiwan, Japan and some others, our penetration is low, however the Indian life insurance industry has vast potential and is likely to grow exponentially in the next few years.