Under insurance or bad insurance

Are Indians under insured. This is what generally insurers and their agents say to peole for getting more business. They caculate insurance needs by working out future prices by inflation rate, whereas premium is paid out of current income.

In fact, Indians are not under insured. They are badly insured. Insurance schemes cater more to requirements of government and companies than the insured.

http://in.finance.yahoo.com/news/Are-Indians-insured-yahoofinancein-3287986958.html