In the simplest type, insurance, offset the effects of their misfortune, suffer a loss or accident to anyone. It's your body, and the financial situation at home helps protect you against everyday hazards.
Insurance in India began in the nineteenth century without any control. Often working in large urban centers, some British insurance companies dominating the market: This is a typical story of a colonial era. After independence, it took a dramatic turn. Nationalized insurance. First, after the nationalization of life insurance companies in 1956, the general insurance business was nationalized in 1972. A maximum of 26% foreign holding private insurance companies should be allowed to re-insurance business that was only in 1999.
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