Fire Insurance: The Indian Context
Abstract
Insurance is emerging as one of the essential requirements in the global economy. In India. insurance has slowly come out of the infancy stage and is gradually progressing towards becoming as an indispensable requisite. Indian insurers offer ample varieties of insurance products to cover majority of the areas of human activities. This paper provides an overview of the Fire insurance industry in India. It starts with a brief outline of the regulatory regime and covers various aspects such as the origin of Fire insurance, the current situation, a short summary of coverage,
exclusions and -ons as well as the path ahead. It also examines the detariffed scenario of Indian fire insurance market.
Authors
Joby Joy