THE ROAD AHEAD

In its report— 'Insurance Sector Futuristic Growth'—ASSOCHAM has stated that India's insurance sector is likely to reach US$ 46.25 billion by 2010. The report said, "The total insurance business will reach a level of US$ 46.25 billion in the next two years from the current level of US$ 1.15 billion." Private insurance business is likely to see a 140 per cent growth rate due to the aggressive marketing techniques used by them. Conversely, state-owned insurance companies would see a 35–40 per cent growth rate.