Model Essay – Role of Insurance Sector in the Economic Development of India
Model Essay – Role of Insurance Sector in the Economic Development of India
Insurance Penetration means ‘Insurance Sector Development’ within a country. It is calculated as percentage of insurance premium to GDP. The penetration takes place in two segments which are non-life insurance segment and life insurance segment.
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nsurance Sector has a lot of scope as this sector has penetrated remarkably less area of the country. The allowance of 74% FDIs in this sector has paved the path for higher growth in this sector
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