Irdai Says Insurance Sector Needs Rs 50k Crore Capital Per Year, Appeals Conglomerates To Pump Money
The insurance industry will need a capital infusion of Rs 50,000 crore per year to double its penetration in the next five years, sector watchdog Irdai's chief Debasish Panda said on Friday. Panda appealed to business conglomerates to channelise funds into ...