Question

When was the Indian insurance industry privatised, allowing foreign and private players to enter?

a.

1938

b.

1956

c.

1972

d.

2000

Answer: (d).2000 Explanation:The year 2000 marked the privatization of the Indian insurance industry, a significant shift that opened the sector to foreign and private players, including banks. This move diversified the insurance market in India, introducing competition and innovation with the entry of companies such as ICICI Prudential, HDFC Standard Life, and Birla Sun Life, among others.

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Q. When was the Indian insurance industry privatised, allowing foreign and private players to enter?

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