Moneylife Foundation's 'Report on Public Liability Insurance in India' is a 360-degree perspective on the rules and regulations governing liability insurance, its functioning and operability - both for massive public tragedies like Bhopal Gas .
“In the US, nearly 40-45% insurance products are liability insurance compared with just 1-1.5% in India. We need to change this and take public liability insurance products to mass market.
Over a year ago, we, at Moneylife Foundation, began to explore public liability insurance (PLI) and why it is not available for those who are injured in public places such as banks, restaurants, cinema houses, theatres, malls, hospitals, hotels, airports, or while accessing bridges and ropeways.