Evolution of Indian Life Insurance Industry Post Sectors Liberalisation

It’s been nearly 2 decades that the Insurance sector in India was opened up for foreign investment. When the sector was opened up only 26% FDI was permitted in the sector. Currently the limit is increased to 49% (from 2014).

The article ‘Evolution of Indian Life Insurance Industry Post Sectors Liberalisation’ reflects on how post the sectors liberalisation, Life Insurance Industry has grown at a steady pace despite the global financial crisis and regulatory overhaul. The editorial is divided into two phases i.e. from 1999-2008 (when the Global Financial Crisis occurred) and post 2008 where the industry underwent slew of regulatory changes. The editorial has tried to encompass how despite various challenging external and internal factors, a sector has blossomed in India.

The article also highlights the demographic advantage India has over other countries and how the same will act as a booster for the Life Insurance Industry to grow in the decades to come.