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general insurance
Essay specific features
Written by:
Joanne M
Date added:
October 20, 2014
Level:
University
Grade:
A
No of pages / words:
21 / 5765
Was viewed:
7285 times
Rating of current essay:
Essay content:
That way it is a growth of about 19%. This figure of 2006-07 is 125 times of the figure of business procured in 1973, which was Rs. 200.00 Crores. It was the year 1973 when the Government of India nationalized the general insurance business.
The exact percentage of growth and future potential in this sector can be judged or measured from this fact that today an average Indian spends only Rs...
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If we compare this figure we shall find that this figure is more than Rs.700 in East Asian countries and mind boggling Rs.50, 000 in Japan and Rs.100, 000 ($2500) in US.
Taking in to account the business figures circulated by IRDA we find that the general insurance business figures of last year was Rs...
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