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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (36699)	7/29/2003 11:58:03 AM
From: RealMuLan	Read Replies (1) \| Respond to of 74559

China may outsmart India in life insurance Raj Kumar Ray in Colombo \| July 29, 2003 17:30 IST India and China would emerge as the fastest growing life insurance markets in the world, mopping up $50 billion in premium by 2005, but Beijing is expected to overtake New Delhi and grab the major share, an industry expert said on Tuesday. While competing with each other, China and India would be the fastest growing life insurance markets in the world mopping up $50 billion dollars in premium by 2005 compared to $30 billion dollars now, says a top official of Aviva Plc, which has operations in both the countries. However, China is expected to outsmart India in terms of growth in life insurance by posting a premium income of $35 billion by 2005 mainly through its firm policy measures and easy investment norms, while India is expected to mop up $15 billion. rediff.com