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The insurance sector is in its 17th year after the sector was opened to private players. While it has undergone a sea change in terms of growth and new products, many old issues remain.
Business Standard brings you a snapshot of the Indian insurance industry.
Penetration
Insurance penetration, measured as a percentage of premiums to a country's gross domestic product, which had been continuously dropping between 2010 and 2014, picked up slightly in calendar 2015. However, at 3.44%, the penetration figure is the second lowest since 2005-06.
Mis-selling
Mis-selling or unfair business practice complaints, which continues to
