Star Union Dai-ichi expects to break even within five years of starting operations.
First, we need to have premiums for catastrophe events, like what they have in the developed countries. Although fire insurance covers accidents and floods, earthquake cover is optional.
Martin Feldstein, George F Baker Professor of Economics at Harvard University, speaks about the global economic situation.
"The GDP growth projections are 5 per cent for this year and 5.5-7 per cent next year, which are very good in the current context. So we are doing relatively well," says HDFC Bank's Managing Director Aditya Puri.
From 13 members and database on four million trades in 2004, when Credit Information Bureau of India (Cibil) was set up, the country's first credit information company now has 162 members and database on 127 million companies and individuals.
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