Abstract
Indian insurance is a flourishing industry, with several national and international players competing and growing at rapid rates. The easing of policy regulations, the Indian insurance sector been allowed to flourish, and as Indians become more familiar with different insurance products, this growth can only increase, with the period from 2012 - 2018 projected to be the 'Golden Age' for the Indian insurance industry. Tracing the developments in the Indian insurance sector reveals the 360-degree turn witnessed over a period of almost two centuries. There is a probability of a spurt in employment opportunities. Many of the universities and management institutes have already started or are contemplating new courses in insurance. Life insurance has today become a mainstay of any market economy since it offers plenty of scope for garnering large sums of money for long periods of time. A well-regulated life insurance industry which moves with the times by offering its customers tailor-made products to satisfy their financial needs is, therefore, essential if we desire to progress towards a worry-free future.
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