CHAPTER 1

Indian Insurance Companies

Introduction

1.1.This chapter explains how insurance companies differ from other companies and also looks at the challenges faced by them. It gives a brief history of the private players and touches on the diversity of the Indian insurance market. It also lists the kinds of published financial information available and specifies the basic structure of this information.

How are insurance companies different from other companies?

1.2.Insurance companies, just like other companies, sell their products to the general public and expect to profit from them. Therein ends the similarity, however, because insurance products are by nature very different from the products sold by companies in other industries.

1.3.

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