Multiple choice

The life insurance sector had witnessed a growth of 95 per cent in the last fiscal. In this financial year by how much per cent is in the life insurance sector expected to grow?

  1. 20%

  2. 30%

  3. 40%

  4. 50%

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The life insurance sector in India had witnessed 95% growth in the previous fiscal year (2006-07). For the upcoming financial year (2008-09), the sector was expected to grow at around 30%, reflecting strong demand but moderating from the exceptional previous year's surge.

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