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discrimination of women insurance sector

There is discrimination against women in the insurance sector claim some of its industry leaders, especially in crafting of covers meant for them. Except those that are mandated by government policy in India, none reach out to women which severely limits their choices, the sector regulator’s record shows.

Again, in the last couple of years, there has been a torrent of reports from consultancy firms on the insurance sector, but all of them has been “gender blind”. The sales data on insurance shows the impact of this omission. A study by Birla Sun Life in 2017 shows even among urban women with access to internet only 50 per cent of them have bought a life insurance cover for themselves. The corresponding figure for men is 72 per cent. Women, by and large, do not access the insurance market in India. There is no corresponding figure on general insurance.

discrimination of minority in insurance sector

Attempts to identify and eliminate race-based discrimination from American daily life have taken hold in ways not seen in the past. These efforts are long overdue. According to the Pew Research Center, areas affected by discrimination include the criminal justice system, access to good jobs and adequate healthcare, voting, shopping, and buying a home.

Another area in which race-based discrimination has a lengthy history is insurance, where some practices, such as race-based premiums, were common for 250 years.