ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Privatisation and Foreign Participation in (Life) Insurance Sector

The macroeconomic implications of privatisation and foreign participation in the insurance sector, especially the life insurance sector, are far-reaching as the life insurance industry, coterminous with the Life Insurance Corporation (LIC) of India, is dominant in two aspects: pooling and redistributing risks across millions of policyholders and performing financial intermediation. The issue of privatisation and foreign participation must be approached cautiously with a 'step-by-step approach', and should be preceded by microeconomic institutional and legal reforms.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Back to Top