Insurance Industry: Domestic investments will match FDI soon
Jayarama Emani | The Dollar Business “Domestic investments in Insurance Sector will match with Foreign Direct Investments (FDI) sooner or later,” said Mr T S Vijayan, Chairman, Insurance Regulatory and Development Authority of India. Talking to The Dollar Business at Hyderabad after releasing a CII report on “India Insurance Vision 2025: Building a USD 250 billion customer centric and value creating industry”, Mr Vijayan said that apart from FDI, other factors like stabilisation of the economy and Gross Domestic Product (GDP) growth will also determine the growth of the Insurance Industry in India especially with regards to penetration. Under the aegis of CII National Committee on Insurance & Pensions, CII had commissioned the Vision Document on “India Insurance: Vision 2025” ...
