Insurers must quickly share wish list with Narendra Modi sarkar

Jun 03 2014, 10:43 IST
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Now with Narendra Modi government at the Centre, the sector can expect speedy clearance for raising of the FDI cap from 26% to 49%. (PTI) Now with Narendra Modi government at the Centre, the sector can expect speedy clearance for raising of the FDI cap from 26% to 49%. (PTI)
SummaryThe excitement around the Narendra Modi government continues to linger on...

must quickly articulate what they expect from the new government for long-term healthy growth before unilateral decisions are taken by the ministry and the regulator.

In fact, the industry fora, like the Life Insurance Council and the General Insurance Council, must be proactive in dealing with those who would matter in the new regime, or else they will continue to do damage control instead of proactively promoting the interests of the industry.

The insurance industry must emerge as the most powerful catalyst in all development activities of the government.

The writer is advisor (Life) GIC Re and former MD & CEO, Star Union Dai-ichi Life

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