Liberalisation of the insurance sector in India will see the increasing inv
olvement of the large and powerful insurance companies of the world in the
Indian insurance industry. It is essential that we turn this involvement in
to a positive factor for the growth of the Indian insurance sector in parti
cular- and the Indian economy in general. Such an effort would, however, re
quire the support of ct clearer and more cogent legislation than the Insura
nce Regulation and Development Bill 1999.