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    HomeNewsTrendsFeaturesLife insurance in the slow lane

    Life insurance in the slow lane

    The sluggish life insurance sector may be headed for better times.

    July 26, 2011 / 10:38 IST

    By: Pravin Palande/ Forbes India

    The sluggish life insurance sector may be headed for better times.

    A series of investor-friendly rules framed by the Insurance Regulatory and Development Authority (IRDA), coupled with lacklustre equity markets over the past one year, is choking the life insurance industry. During April-May 2011, first premium income for private insurers fell 23 percent while that for Life Insurance Corporation, the biggest and only state-owned life insurer, went down by 8 percent.

    Much of the crash can be blamed on the industry

    first published: Jul 26, 2011 09:35 am

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