|
Life
Insurance
The insurance
company receives the premiums from the policy owner and
invests them to create a pool of money from which it can
pay claims and finance the insurance company's
operations.
Personal Insurance
In terms
of being rated for financial strength like international
players, only "ICICI" Prudential is rated by Fitch India
at National Insurer Financial Strength Rating of AAA(Ind)
with stable outlook indicating the highest claims paying
ability rating.
Insurance Companies
All life insurance companies in India have to comply
with the strict regulations laid out by Insurance
Regulatory and Development Authority of India (IRDA).
Therefore there is no risk in going in for private
insurance players.
Insurance brokerage in the United States is also a
regulated industry, with almost all states
individually issuing brokerage licenses. Most states
have reciprocity agreements whereby brokers from one
state can become easily licensed in another.
|
