The Life Insurance coverage market in India is an underdeveloped one that was tapped by the state-owned LIC till the entry of private players in the market. Anticipating elevated market consolidation, heated competition, and full liberalization of third-sector businesses, the businesses are reviewing their involvement through subsidiaries in the non-life facet of the enterprise, which was first allowed in 1996.
Drug executives at Purdue Frederic later conceded—under oath, in court docket—that they actively deceived doctors by marketing Oxycontin early on as abuse-resistant,” insisting that the number of customers who obtained addicted was less than one %.” Some drug firms could have been more well-intentioned—or willfully naïve.
This is notably true due to the mutual characteristic of the businesses as compared with their “public” counterpart in US. For instance, Nissan Mutual Life Insurance Co., failed in 1997, usually reported web property and income in recent times, although the company’s president conceded after its failure that the agency had been bancrupt for years.
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