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| Topic: |
Business
|
| Number of pages / Number of words: |
3 / 836 |
Essay's paper body
This is an indicator that growth potential for the insurance sector is immense in India.
It was due to this immense growth that the regulations were introduced in the insurance sector and in continuation “Malhotra Committee†was constituted by the government in 1993 to examine the various aspects of the industry...
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The key element of the reform process was participation of overseas insurance companies with 26% capital. Creating a more competitive financial system suitable for the requirements of the economy was the main idea behind this reform.
Since then the insurance industry has gone through many changes. The liberalization of the industry the insurance industry has never looked back and today stand as one of the most competitive and exploring industry in India...
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