Insurance

Reverse gear

Print edition : August 22, 2014

An advertisement for a life insurance company. Life insurance currently covers 3.1 per cent of the population. Photo: Arunangsu Roy Chowdhury

An LIC hoarding in New Delhi. Even years after the entry of foreign players, LIC enjoyed a 75 per cent market share of the total first premium earnings mobilised by all the insurers in 2013-14. Photo: PTI

The BJP reverses its earlier opposition to allowing more foreign investment in the insurance sector and this may well jeopardise the country’s economic security.
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