The Indian insurance industry will continue to outpace the country's economic growth and is projected to reach US$ 350 to 400 billion in premium income by 2020. These figures will put India amongst the top three life insurance and top fifteen non-life markets in the world within the next nine years, according to a new report. At present, the insurance sector in India comprises of 23 different life…

The Insurance Regulatory and Development Authority of India (IRDA) announced that will soon allow private insurance companies to put forth their initial public offerings (IPOs), and raise funds through the stock market to further fund their individual expansion plans. Speaking at the 14th Annual Conference on Insurance, 'India Insurance: Turning 10, Going on 20', IRDA Chairman Mr J. Hari Narayan stated…

Reliance Life Insurance, an Indian life insurance company owned by the Reliance - Anil Dhirubhai Ambani Group, is planning on hiring large numbers of new sales managers and insurance agents to meet its ambitious goals for expansion. Reliance Life Insurance intends on hiring 3,000 new sales managers and 150,000 new insurance agents by the end of the Indian fiscal year, which runs from April 2010…