The document discusses the insurance sector in India. It begins by defining insurance and explaining its importance. It then outlines the history of the insurance sector in India, noting that it was previously state-run by LIC and GIC until 2000 when the sector was opened to private companies. The document discusses key players in the life and non-life insurance sectors. It also examines factors driving growth in the sector and emerging areas like pension plans. Finally, it outlines changes and trends in the sector from price, customer service, and promotion perspectives and envisions the future of insurance in India in the 21st century.