Insurance Sector

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vardhanvishnug

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Is the insurance sector market in india not yet completely used by the companies??
 
Yes for sure. Insurance sector in India is considered to be made only for households mainly for their security. Companies often neglect to use insurance sector effectively. The companies can effectively use the brilliant minds of Actuaries, but they fail.
Moreover, using insurance, an economy can survive from recession times as insurance serve as financial security.





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The insurance sector in India has come a full circle from being an open competitive market to nationalisation and back to a liberalised market again. Tracing the developments in the Indian insurance sector reveals the 360-degree turn witnessed over a period of almost two centuries.
 
Hi,
Companies are using the Insurance industry. Every company takes a group policy with any one of the insurance companies.The employees in turn take the benefit when they are admitted in the hospital where they can claim their medical expenses.I beliv this is a good benefit provided for the employees.

-Deepak.
 
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