Perhaps the title of the article may be confusing for many as they can be under the impression that these two words have nothing in common and fairly represent two totally different ideas or thoughts.
It was quite true in India a few years ago when the insurance was not opened to foreign investors and economic reforms have not been implemented. In the pre reform era there was only one life insurance company in India - LIC, Life Insurance Corporation of India. It had a monopoly in the industry and the public funding and support.
Being the only player on the market, it was nothing special in the kind of politics - as a product. Whatever...
