Insurance and Investment 3816762268780510832-blid-7320957539285682152

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Perhaps the title of the article may appear confusing to many, as they might be under the impression that these two words have nothing in common and rather represent two totally different ideas or thinking. It was quite true in India few years back when the insurance industry was not opened to foreign investors and financial reforms have not been implemented. In pre reform era there was only one Life Insurance Company in India - LIC- Life Insurance Corporation of India. It had a monopoly in this industry and the government support and backing.