ABSTRACT (Impact of Privatisation and Globalisation on Indian Insurance Industry) The insurance industry is facing challenging situation.

There has been a major change in the financial services across the world in the last few years. While integrated the Indian economy with global economy India initiated liberalization, which has opened up the insurance sector to the private insurance sector for the main objective to provide better coverage to the Indian citizens and augment the flow of long term financial resources to finance the growth of infrastructure. This has laid a great responsibility on the sector to ensure a very fast growth so that India can come to the level of developed countries of the world in the penetration of insurance.