BFIS - Insurance Contracts

Insurance sector in India is one of the booming sectors of the economy and is growing at the rate of 15-20 per cent annum. Together with banking services, it contributes to about 7 per cent to the country's GDP. Estimating the potential of the Indian insurance market from the perspective of macro-economic variables such as the ratio of premium to GDP. The Associated Chambers of Commerce and Industry of India (ASSOCHAM) revealed that India’s life insurance premium, as a percentage of GDP is 1.8% against 5.2% in the US,6.5% in the UK or 8% in South Korea.The Indian insurance sector is projected to grow from about Rs 28000 crores in2006-07 to Rs 50000 crores in 2012-13. Flourishing Insurance sector has opened updoor for a huge business scope. These opportunity can be witnessed by substantial amount of Insurance Contracts, Insurance Global Contracts, Insurance government contracts, international contracts, Insurance contract notification,Insurance ICBs, Insurance Contract news, Contracts online, International Bids, Insurance Bids, public contracts, online contracts, RFPs, RFQs and  Insurance public contract notice etc.