South Asian Journal of Management

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Life Insurance in India:An Information Source


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1 Department of Commerce, University of Kalyani, Kalyani, Nadia, West Bengal, India
     

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Life insurance in India wraps about 3% of the total population which is less than 1% of global insurance market. Consequently, India requires more funds with Foreign Direct Investment and more players with foreign players to come in this sector so that the size of market grows. Now the industry is unwrapped to private players under the government mandate with a minimum capital of ₹ 100 crore and a maximum of 26% stake for foreign equity. However, global insurers have set up their business in India in the course of joint venture with a capital base of at least US$20 mn which is restricted to 26%.
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  • Life Insurance in India:An Information Source

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Authors

Amalendu Bhunia
Department of Commerce, University of Kalyani, Kalyani, Nadia, West Bengal, India

Abstract


Life insurance in India wraps about 3% of the total population which is less than 1% of global insurance market. Consequently, India requires more funds with Foreign Direct Investment and more players with foreign players to come in this sector so that the size of market grows. Now the industry is unwrapped to private players under the government mandate with a minimum capital of ₹ 100 crore and a maximum of 26% stake for foreign equity. However, global insurers have set up their business in India in the course of joint venture with a capital base of at least US$20 mn which is restricted to 26%.