The best of 5 Insurance Advisor

Insurance Insights
Dynamics
of the Indian
Insurance
Advisory
Space
The Indian insurance sector is not a tiny speck, but a
massive sphere where no one has remained
untouched. The entire population is connected with
insurance in one way or other. The insurance industry is
divided into two segments namely Life Insurance and Non-
Life Insurance (General). The non-life insurance segment
covers different domains such as two wheeler insurance, car
insurance, home insurance, personal accident insurance,
and so on.
The insurance companies in India have to abide by the rules
laid down by the Insurance Regulatory and Development
Authority of India (IRDAI). This statutory body plays an
important part in regulating and promoting the insurance
and re-insurance industries in India. The Indian market is a
hub of 24 life insurance and 33 non-life insurance
companies which serve the common people with various
insurance products all throughout the country. These
companies pride a wide variety of services to the customers.
MAY 2021 | 29 | www.insightssuccess.in