No less than six insurance companies in the private and public sectors have lost much of their management staff. The latter find it hard to bear ever-increasing pressure from shareholders to increase sales in a stagnant market.
With the expected increase in equity share for foreign investments in the capital of Indian insurers which rose from 26% to 49%, shareholders are seeking to increase the valuation of insurance companies by trying in particular to raise their turnover.
Among these insurers we note: India First Life Insurance, L&T General Insurance, Bharti Axa General Insurance, Tata AIA Life Insurance,