what would happen to the insures if a private insurance company withdraw business from india or got bankrupt?

recently i have insured myself under private life insurance co for 35 years. at present i am 32 years. i want to know that supposed after 20/25 years the company got bankrupt or withdraw their business from india. will i get protection for my rest of life.
insures=customer
what about re-insurance?
if any case happnes in india like AIG, United States