http://indiacurrentaffairs.org/insurance-industry-in-the-post-liberalistion-era-finance-minister-shri-pranab-mukherjee/ A leading Source of Online Information on India Tue, 22 May 2012 10:48:58 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://indiacurrentaffairs.org/insurance-industry-in-the-post-liberalistion-era-finance-minister-shri-pranab-mukherjee/comment-page-1/#comment-6207 k s murthy Thu, 10 Jun 2010 03:55:28 +0000 http://indiacurrentaffairs.org/?p=6544#comment-6207 LIC and public sector GIC co's are performing exceedingly well.The pvt. sector is not settling the claims speedily and the IRDA is taking a lenient view.The finance minister should have also mentioned that LIC is servicing more than 30 crore policies and compared to the per capita income of our country LIC has insured many of the insurable population having some savings potential.PVT.sector co.'s are concentrating more on the urban market than rural. PVT.insurance. co.'s contribution to the infrastructure needs and long term gestation projects is negligible.Public sector LIC and GIC are contributing more than rs. five lakh crores to the Planning commission in the current 5 year plan.Hence the FM should consider strenghtening the LIC and GIC. LIC and public sector GIC co’s are performing exceedingly well.The pvt. sector is not settling the claims speedily and the IRDA is taking a lenient view.The finance minister should have also mentioned that LIC is servicing more than 30 crore policies and compared to the per capita income of our country LIC has insured many of the insurable population having some savings potential.PVT.sector co.’s are concentrating more on the urban market than rural. PVT.insurance. co.’s contribution to the infrastructure needs and long term gestation projects is negligible.Public sector LIC and GIC are contributing more than rs. five lakh crores to the Planning commission in the current 5 year plan.Hence the FM should consider strenghtening the LIC and GIC.

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