Insurance is a subjectlisted in the Union listin the Seventh ...More
Insurance is a subjectlisted in the Union listin the Seventh Scheduleto the Constitution ofIndia where only centrecan legislate. Theinsurance sector has gonethrough a number ofphases by allowingprivate companies tosolicit insurance andalso allowing foreigndirect investment of upto 26%, the insurancesector has been a boomingmarket. However, thelargest life-insurancecompany in India is stillowned by the government. Less
Insurance is a subject listed in the Union list in the Seventh Schedule to the Constitution of India where only centre can legislate. The insurance sector has gone through a number of phases by allowing private companies to solicit insurance and also allowing foreign direct investment of up to 26%, the insurance sector has been a booming market. However, the largest life-insurance company in India is still owned by the government.