India
RURAL & SOCIAL SECTOR OPPORTUNITY KEY TO IMPROVE INSURANCE PENETRATION: CII
2011-01-17 12:44 -NEW DELHI: Rural and Social Sectors offer huge potential for improving Insurance penetration for the uninsured sections of the population and this calls for better risk management, innovations on product design and distribution, infusing technology and greater investments. This clearly justifies greater engagement of Foreign partners in bringing in better risk management practices, innovation in production & distribution, technology, specialized skills and hence there is a strong need to raise FDI Cap in Insurance sector from the current 26 % to 49%, said CII in its comments on the Insurance Laws (Amendment) Bill, 2008.