You are here: Home » Finance » Features » Insurance

CreditAccess Grameen sees default risk dip in 30-day bucket in August

Rupee falls 4 paise to 73.06 against US dollar in early trade on Monday

Business Standard

Monopoly to oligopoly: Here's a look at 20-year journey of insurance sector

As many as 50 players have set up shop but penetration remains low and only a handful dominate the business

Topics
Insurance Sector | Insurance | insurance premium

Subrata Panda  |  Mumbai 


Twenty years after India’s insurance sector was opened up, unshackling the control of state-owned companies, as many as 50 private players have set up shop. Along with their foreign partners, private players have brought about a sea change in the product offering, distribution and underwriting processes, and services levels.

Yet, India’s insurance penetration needle has not moved much (see chart). The reasons for this include lack of financial literacy, affordability of premiums, complex products, skewed distribution and, to an extent, customers seeing insurance as a ...

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, September 06 2021. 06:03 IST

.