Making the Pradhan Mantri insurance schemes better4 min read . Updated: 31 May 2015, 07:09 PM IST
These schemes will need some amount of flexibility at this point itself
Insurance is not only a form of risk management, but also a mechanism to protect our economy. Even after liberalization in 1999, the insurance penetration is hovering around 3.9% of gross domestic product, which is far behind the world average of 6.5%.
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