DoP plans separate firm for insurance biz

 The government also wants to invest the money accrued from its insurance schemes into the market rather than deposit it in the Consolidated Fund of India.

The insurance penetration i.e. premium as percentage of the gross domestic product has increased from 2.32% in 2000 to 2.88% in 2003.

The insurance density, that is, premium per capita has increased from $9.90 in 2000 to $16.40 in 2003.