Sector Thread (Part 1): The Insurance Industry consists of 2 categories - Life Insurance and General Insurance. A total of 58 companies exist in the Indian Market of which 24 are Life Insurance and 34 are General Insurance companies. There is 1 reinsurance company in India. (1/n)
Industry growth reasons are attributed to four major factors - Product Innovation, Vibrant Distribution Channels, Targeted Publicity and Promotional Campaign by Insurers. (2/n)
There are 3 Public Sector and 3 Private Sector companies listed on BSE and NSE exchanges of India. (3/n)