Insurance companies within india are not free from unlawful goings-on.?

It is not correct to say that are indulging in unlawful endeavours.There is a regulatory authority to check all the activities of Insurance companies,and if found guilty,they are severely punished.The skin in point is of Tata AIG.Although AIG failed contained by U.S.A.it had no effect on Tata AIG.This is true for all private insurance companies also. Source(s): Being an Indian,I know just about the Insurance companies of India.

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