Andhra Pradesh : The growth in life insurance business in the near future may not be as ‘robust’ as it was because of the impact of the financial crisis across the globe and meltdown of stock markets, the Insurance Regulatory and Development Authority (IRDA) said. In the outlook for the insurance industry, detailed in its annual report for 2007-08, the regulator said the insurance companies may have to inject additional capital to maintain the regulatory requirements as they are “being closely monitored by their solvency margins”.
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Tough times ahead for life insurers: IRDA
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But this sector are still in a good position as Life Insurance includes Investment facility and Tax saving also.
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