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India needs more private insurance companies. Govt must use Covid trigger to make this happen

India needs more private insurance companies. Govt must use Covid trigger to make this happen
More players could make the market more competitive as they would vie to offer accessible and low-cost insurance products.
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The Union Cabinet has cleared amendments paving the way for privatisation of one state-owned general insurance company.
In her budget speech, Finance Minister Nirmala Sitharaman had said that the government will take up two public sector banks and one general insurance company for privatisation in the current financial year.
Public sector insurance firms hold a greater share of the market even though they are fewer in number. Lesser competition, low levels of capital and weak financial health of public sector insurance firms make it difficult for them to offer low-cost affordable insurance products. They are unable to cater to the emerging risks a fact that is truer in the aftermath of Covid-19. ....

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Cabinet approves amendment in insurance law to push privatisation of one general insurance co

Cabinet approves amendment in insurance law to push privatisation of one general insurance co
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India: Star Health files DRHP to raise funds via IPO route

India: Star Health files DRHP to raise funds via IPO route
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Motor Insurance Market 2020 | Growth Demand, Opportunities, Revenue and Forecast To 2030 – KSU

Motor Insurance Market 2020 | Growth Demand, Opportunities, Revenue and Forecast To 2030 – KSU
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Central Bank of India Introduces Online Claim Settlement Process after IBA Nudges Banks to Expediate Claim Settlement

In order to to make the claim settlement process easier and faster for dependents of its deceased customers, ....

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