Assistant Professor, Department of Commerce & Management, Government College, Mandya
Online published on 11 July, 2017.
Insurance sector in India is one of the most booming sectors of the economy and is growing at the rate of 15–20 percent per annum. In India, insurance is a flourishing industry, with several national and international players competing with each others and growing at rapid rates. Indian insurance companies offer a comprehensive range of insurance plans, a range that is growing as the economy matures and the wealth of the middle classes increases. Due to the growing demand for insurance, more and more companies are now emerging in the Indian insurance sector. The economy of India is the eleventh largest in the world by nominal GDP and the forth largest by Purchasing Power Parity (PPP).
