Insurance
Companies: Which is your best bet? The opening
of the insurance sector has opened exciting new career
opportunities for the Indian professionals. With the privatisation
of the insurance sector in the year 2000 ,there are more
than 25 players in the insurance market today. A
list of Insurance companies in the private sector zooming
ahead.
In the News : In the General Insurance sector the Private
sector has gained a market share of 40 per cent in the non-life
insurance business, from 34 per cent in the financial year
2006-07. Public sector market share in this sector is now
only 60 per cent.ICICI Lombard General Insurance Corporation
has gained the second spot in insurance premiums growth displacing
three public sector companies.
Tata AIG Life Insurance Company Limited is expanding its
distribution network.It had 81 branches as on 31 March, 2007,
has 169 branches three months later having chalked out plans
to have 205 branches by the end of August this year. This
expansion will lead to a 30% increase in its work force
Birla Sun life is planning to add 137 branches now and also
increase the number of its agent advisors to one lakh in
the current fiscal from 58,000. The company plans to double
its market share in the current fiscal
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