While India’s insurance sector has greatly matured from the time it was opened up 20 years ago, the emerging needs of various sections of the populations have made it amply clear that the existing 70-odd players cannot fulfil all of them. Hence, the entry of new players is warranted so that every citizen has insurance cover, Debasish Panda, Chairman, Insurance Regulatory and Development Authority of India (Irdai), said on Tuesday.
