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That way it is a growth of about 19%. This figure of 2006-07 is 125 times of the figure of business procured in 1973, which was Rs. 200.00 Crores. It was the year 1973 when the Government of India nationalized the general insurance business.
The exact percentage of growth and future potential in this sector can be judged or measured from this fact that today an average Indian spends only Rs.100 for getting the coverage of insurance for non-life products, which includes the health products. If we compare this figure we shall find that this figure is more than Rs.700 in East Asian countries and mind boggling Rs...
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