The simplest type, insurance, offset the effects of their misfortune, someone may suffer a loss or accident. It's your body, and helps to protect the financial situation you are everyday hazards.
Insurance in India without any restriction began in the nineteenth century. Mostly in large urban centers, some British insurance companies dominating the market working: This is a typical story of the colonial period. After independence, it took a dramatic turn. Nationalized insurance. First, the life insurance companies in the nation after 1956, the nationalization of general insurance business in 1972. 1999 a maximum of 26% foreign holding private insurance companies would only be allowed to re-insurance business.
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