Can Indian Insurance industry come of age in providing worls class services at a cheap price???

Indian insurance does not need anything from out side as the market,the custom all is here.we just need to create a life fund equivalent to our population multiple say one thousand ,ten thousand and if your a courageous pm  a lac.this figure can be the print order to RBI, not unknowing development schemes which are hairbrained at birth which lead to our deficit finance proposals

Services are boudn to be beter as we haev competition, adn foreign players coming in

Further the awareness by the advt and media will also assist in making insurance a good playgorund where customer will rule the roost

Cap on charges is just a move to towards making policy more insured pro

it is possible for the industry to do so.  new regulations in the finance sector would help achieve.  as per the industry, there is still 2/3rds of the population to be reached to insure. IRDA rules and regulations are curbing private insurance to stretch and expand.  there should be drastic changes brought in the industry for the same to be successful

Vishal I have been seeing a drastic growth in the insurance sector in the last few days.  This is because of many global competitor entering the industry. So this has made the insurance industry to provide world class services. Many insurance companies are providing better services at an affordable prices. So in the coming days we can see more cost effective services because of tough competition. 

:)

I think  Indian insurance companies needs to look beyond the working class and reach unidentified areas.