For private life insurers, booming business means delayed returns
High growth rates mean a significant part of a private firm’s portfolio is made of early-stage policies
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The news of rising market share of private insurers are being highlighted. But the reality must come out.All the companies are showing losses in hundreds of crores every year. The annual report of IRDA for 2007-08 is still awaited. After the disastrous bullmarket experience, many people doubt wheather they'll be getting their money back or not. delay in returns is bearable,but the experience of AMP SANMAR must not be repeated.
mohan