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Dec 22, 2012
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Insurance density falls for first time in India: Irda
The Insurance Regulatory and Development Authority (Irda) said that since opening up of Indian insurance sector for private participation, India has reported a fall in the insurance density for the first time in the year 2011. The figure fell to $49 (about Rs 2,695) in 2011, from $55.7 (about Rs 3,063) in 2010.
According to the Irda Annual Report for 2011-12, there was an increase in insurance density for every subsequent year from 2001.
Source -
http://www.business-standard.com
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