(a) whether there is good demand for insurance products in the country;
(b) if so, the details thereof;
(c) whether the Government is collaborating with any foreign company in bringing insurance
products; and
(d) if so, the details thereof?
(a) whether there is good demand for insurance products in the country;
(b) if so, the details thereof;
(c) whether the Government is collaborating with any foreign company in bringing insurance
products; and
(d) if so, the details thereof?
MINISTER OF THE STATE IN THE MINISTRY OF FINANCE (SHRI PAWAN KUMAR BANSAL)
(a) & (b): Yes, Sir, Use of information technology and advent of new companies have
considerably increased awareness of insurance and choice of insurance products amongst general
public.
(c): No, Sir. However, Government has permitted foreign equity into Indian insurance
companies upto 26%.
(d): Does not arise.