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In the pre-reform era, Life Insurance Corporation of India (L.I.C.I) dominated the Indian Life Insurance market. But the situation drastically changed since the beginning of the year 2000. With he development of the IRDA Act in 1999, private players started entering into the life insurance market. At the end of the FY 2011–12, there were 24 life insurance companies (inclusive of 1 public sector player,...
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