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Q.

When the Western Insurance companies are dying or gasping like the AIG, the Indian insurance sector has been opened for 49 % FDI ...............comment please

Tags: money, careers, fdi
Asked by soumyen sarkar, 04 Oct '12 08:21 pm
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Answers (5)

1.

West bribed congress to loot country
Answered by Prince Deva, 04 Oct '12 08:22 pm

 
  
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2.

Our pm wants to be popular in west that is why he is doing all this without caring for us.
Answered by Ramesh Agarwal, 04 Oct '12 08:53 pm

 
  
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3.

Yes AIG one of the biggest insurance company is really in a big financial mess and now they can fool the Indian people
Answered by Manoj Adwani, 04 Oct '12 08:27 pm

 
  
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4.

Insurance is a business where if the policy holder makes a gain then insurer suffers a loss and if the insurer makes a gain the holder suffers a loss. It is always a win - loss situation and never a win - win situation. It is very similar to lottery business. Insurance companies often make sure the dice is always loaded in their favor by mis-selling the policies. However with consumer movement gaining grounds in the west, the rules of the game have changed in the west. Now insurance companies have to adhere to strict disclosure norms which has tilted the scale in favor of the insured and the client Like any predator, foreign insurance companies are now looking towards other jungles like India, where it is easy to find prey in the form of innocent and illiterate customers who can be easily conned. They are looking for alternate avenues where they can make gains to make up for the loss being incurred in their home country. Hence the desperation on their part to set up shop in India. ...more
Answered by Shyam, 06 Oct '12 03:21 pm

 
  
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5.

Klet them invest their money here and loose it how does it bother you or me except LIC no life insurance company is in profit
Answered by iqbal seth, 04 Oct '12 09:30 pm

 
  
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