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International Journal of Trend in Scientific Research and Development
The insurance industry in India has witnessed many radial transformations during the last about Two Hundred years of its inception. Both the life insurance as well as the general insurance companies was nationalized by the government in the years 1956 and 1972 respectively. Financial reforms started in 1991 after adopting LPG policy by Indian government. In 1999, IRDA has been set up to regulate insurance sector. In 2000, Indian insurance market has been opened up for insurance players from alldoi:10.31142/ijtsrd55 fatcat:rfxytajktvezljgvl2oy6fcxbm