Life Insurance Industry up by 52%
Insurance Industries in India are full with business in hands.LIC India market leader has a growth rate of over 40% while ICICI Prudential Life and Bajaj recorded 62% and 292% of growth over last year.LIC holds about 71.65% of the total market share while all the other private owned share the remaining 29%.
LIC has been rolling out new policies handsomely and attracting new customers with its brand value.In India people recognise the term ‘INSURANCE’ by LIC.LIC was almost used as an alias to Life Insurance.Now the private banks have invaded the market industry and have been tapping the revenue with new plans and offers.ICICI Prudential is leading the private firms while Bajaj Allianz ,HDFC etc., are in row.
