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English Release 17-April 2014
Date Month Year
  • Vice President's Secretariat
  • Vice President Addresses at Golden Jubilee and 48th Convocation of the Indian Institute of Foreign Trade
  • Min of Commerce & Industry
  • Commerce Secretary to Lead High-Level Delegation to India Show in Hong Kong
  • Min of Defence
  • Indian Air Force Placement Cell (IAFPC) and Monster India Collaborate to Foster Job Opportunities for Retired Air Warriors
  • Admiral RK Dhowan PVSM, AVSM, YSM
  • Admiral RK Dhowan Appointed the New CNS
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket increased to US$ 107.50 per bbl on 16.4.2014
  • Ministry of Railways
  • Commodity-Wise Freight Revenue Earnings During Fiscal 2013-14
  • Ministry of Water Resources
  • Storage of Important Reservoirs in the Country (As on 27 March 2014)

Previous Date

 
Ministry of Finance30-November, 2012 15:15 IST
Penetration of Insurance Policy
The Insurance Regulatory and Development Authority (IRDA) has informed that penetration of insurance (including life and non life) for India for the years 2010 and 2011 was 5.10 and 4.10 respectively. Life insurance penetration in India was higher than the world’s average in 2010 and the combined average is higher than Brazil and Russia and most of other countries of Asia including Bangladesh, Pakistan, China and Sri Lanka.

The Government periodically receives proposals for providing tax incentives, inter alia, for investments in insurance and mutual funds and examination of such proposals is a part of an on-going process.

This was stated by the Minister of State for Finance, Shri Namo Narain Meena in a written reply to a question in the Lok Sabha today.

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(Release ID :89705)

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