what are the major challenges facing the indian insurance sector?

Answer 1

In india there are several insurance companies. They offering a low percent of interest using this they make a such major challenges. Customer use to go on this type of insurance company. Indian major challenges its offering low percent of interest for different types of insurance and increase their number of customers.

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Answer 2

Hi,
1.Number of competitors increasing i.e there is a market but marketing is difficult in increasing market share.

2. customer is confusing

3. Properly educating of customer.

4. Good infrastructure and technology is there but not utilising by common man.

Answer 3

stagnation, lack of people friendly product

good Ins advisor