The Life Insurance Industry In India

Author : Tapas Kumar Parida,Debashis Acharya
Publisher : Springer
Page : 94 pages
File Size : 50,5 Mb
Release : 2016-12-28
Category : Business & Economics
ISBN : 9789811022333

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The Life Insurance Industry in India by Tapas Kumar Parida,Debashis Acharya Pdf

This book traces the development and analyses the performance of life insurance industry in India, since inception of this sector, using different business indicators over the years. It discusses the evolution and changing features of the Indian insurance industry in 3 phases: phase I from 1818 to 1956, phase II from 1956 to 2000 (known as the nationalisation period) and phase III post 2000 (called the post reform period). The book also measures the relative efficiency and productivity of the life insurance industry in India for the post-reform period, by employing Data Envelopment Analysis (DEA). Despite the fact that the life insurance sector recorded a compound annual growth rate (CAGR) of 17% in terms of total premiums and 21% in terms of new business premium collections during the post reform period, the insurers continue to grapple with the issue of profitability. Against this background, the book presents results on the factors determining profitability of the life insurance companies using measures of efficiency and competition. By helping regulatory authorities determine the future course of action in the context of entry of foreign insurers and also in establishing a level playing field, the book has important policy implications.

Author : Novi Dewan
Publisher : Springer Science & Business Media
Page : 183 pages
File Size : 51,6 Mb
Release : 2008-08-29
Category : Business & Economics
ISBN : 9783834997883

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Indian Life and Health Insurance Industry by Novi Dewan Pdf

Novi Dewan establishes a status quo of the Indian health and life insurance industry and discusses the best practices for various elements of the marketing mix. She complements secondary research with recent empirical data accentuating the emerging opportunities and challenges in the Indian Insurance Industry by using standardized interviews with opinion leaders and CEOs of several insurers.

Author : H Sadhak
Publisher : SAGE Publications Pvt. Limited
Page : 0 pages
File Size : 51,7 Mb
Release : 2009-05-19
Category : Business & Economics
ISBN : 8178298465

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Life Insurance In India by H Sadhak Pdf

Life Insurance in India: Opportunities, Challenges and Strategic Perspective is the first book on life insurance in the current context of globalization and economic reforms and traces the interdependence of life insurance and macro economic factors. It focuses on structural change, market potential and emerging challenges for the Indian Life Insurance industry and also covers the global life insurance industry, regulatory regime, and market friendly practices abroad. Thus it provides a powerful insight into emerging trends in the life insurance industry as a whole.

Author : Stephan Binder,Joseph Luc Ngai
Publisher : John Wiley & Sons
Page : 284 pages
File Size : 50,5 Mb
Release : 2012-09-24
Category : Business & Economics
ISBN : 9781118360262

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Life Insurance in Asia by Stephan Binder,Joseph Luc Ngai Pdf

An incisive look at the war for market share in the Asian life insurance market Although the life insurance industry in Asia has emerged from the financial crisis stronger than ever, it has not escaped unchanged. As the general focus of insurance companies across the continent moves towards profitability beyond growth, tightening regulatory measures, shifts in consumer preferences, and risk tolerance, battle lines have been drawn between local incumbents, attackers, and foreign players. Life Insurance in Asia: Winning in the Next Decade, Second Edition looks at the ways in which small local agencies and multinational companies alike are seizing control of as much of the market as they can by aggressively recruiting new agents, leveraging new channels, and selling new products to cash in on the explosive Asian markets. Thoroughly revised and updated, this new edition offers a comprehensive introduction to the booming Asian life insurance markets and outlines exactly what it takes to capture the opportunities that are emerging. Drawing on the research and experience of the McKinsey Asia financial services team, it includes everything you need to know about the battle for the life insurance market in Asia. Looks at how China and India are becoming increasingly important players on the international life insurance scene Goes behind the scenes of the Asian life insurance industry and the contentious battle for market share Outlines the steps to successfully entering, and prospering, in the Asian market The life insurance industry in Asia is changing like never before. What the future holds, no one knows, but with Life Insurance in Asia in hand, you'll have a clear idea of the factions in play and the rules of the game.

Author : R. Haridas
Publisher : Unknown
Page : 0 pages
File Size : 55,5 Mb
Release : 2011
Category : Insurance, India
ISBN : 8177082523

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Life Insurance in India by R. Haridas Pdf

After a long period of a monopolistic environment, the insurance sector in India was opened to private participation with the enactment of the Insurance Regulatory and Development Authority Act, 1999. Since then, the number of participants operating in life insurance, general insurance, and reinsurance, in both the public and private sectors, has increased. The opening up has augured well for the sector which has witnessed introduction of new products in recent years. In the field of life insurance, a wider choice is presently available to the customers, with products being tailor-made to the needs of the insured. Reforms have created competition in the insurance sector and given the customers a wide choice, not only in the matter of insurance companies, but also in terms of insurance products. However, the impact of increased competition is yet to be felt on insurance penetration. With banks having already been allowed to undertake insurance business, the bancassurance market has also come up in a big way. This book deals with life insurance business in India, focusing on recent reforms in this sector.

Author : H. Narayanan
Publisher : Unknown
Page : 568 pages
File Size : 48,7 Mb
Release : 2006
Category : Insurance
ISBN : UOM:39015070117646

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Indian Insurance by H. Narayanan Pdf

Enthused And Encouraged By The Exemplary Success Of Life Insurance Corporation Of India The Government Of India In The Early 1970S Decided To Bring In The General Insurance Industry Also Into The Vortex Of A Nationalised Setup To Provide Comprehensive Insurance Security To The People Of India.How Effectively And Substantially Life Insurance Corporation Of India And The Four Nationalised General Insurance Companies, The Holding Companies Of General Insurance Corporation Of India, Contributed To Redesigning The Socio-Economic Fabric Of Modern India Is A Part Of The Post Independent Economic History Of India.Though These Two Organisations Have Interlaced And Intertwined Their Destiny With That Of India, The Preference Shift In The Indian Markets, New Realities Of The Global Economic Order, And Demands Arising Out Of Multilateral Trade Agreements Have All Left India With No Option Other Than Throwing Open Its Economic And Commercial Policies To Global Competition And Challenges.

Author : Anonim
Publisher : Gyan Publishing House
Page : 416 pages
File Size : 42,7 Mb
Release : 2009
Category : Insurance
ISBN : 8178357828

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Indian Insurance Sector in 21st Century by Anonim Pdf

Author : Dr. Balasaheb Chavan
Publisher : GRIN Verlag
Page : 86 pages
File Size : 49,9 Mb
Release : 2020-11-10
Category : Business & Economics
ISBN : 9783346293183

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The perception of college teachers towards life insurance. A case study by Dr. Balasaheb Chavan Pdf

Research Paper (postgraduate) from the year 2020 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: A, , course: Minor Research, language: English, abstract: This study is necessary to understand the position of insurance sector in Latur district and perception of the general public towards insurance industry and its products as compared to other parts of Maharashtra. People residing in rural and urban area; view differently for the same service that has been provided by the insurance company. This difference of thinking or attitude is due to their income level, standard of living, education, knowledge about industry etc. People irrespective of living in any area can have any type of insurance products or service, but generally rural people look towards insurance as investment and urban as protection or safeguard against loss to life or property. So the rural people believe in such product which will give them lump sum amount at the maturity of the policy. But the urban people believe that insurance should protect them or their family after any bad or unfortunate incident happens with them. It means that the Ϯςͮ Minor Research Project / Dr. B. T. Chavan urban people use to take such insurance policies which will provide huge lump sum amount after the loss to life to the remaining family members. Latur district is situated in the south eastern part of Marathwada region of Maharashtra state. Insurance generally operates on the premise of uncertain future and as such its promotion and development depends mostly on the ability of insurers in assessing the real uncertainties of life of the insured. Insurance provides payment for unexpected losses to individual’s family and business firms, allowing their activities to continue smoothly despite unfavorable and unfortunate events. An insurer’s reputation is evaluated mainly on his ability to fulfill his promise when the insured needs it. The life insurance industry also plays an important role in the mobilization of household and corporate savings and promoting investment activity. This industry provides for efficient and productive allocation of capital resources, thus facilitates growth and development of an economy. The life insurance industry in India, with LIC and 23 private sector players, has been playing a major role in performing some insurance functions of Society.

Author : Kamalji Sahay
Publisher : Pan Macmillan
Page : 100 pages
File Size : 43,6 Mb
Release : 2018-09-20
Category : Business & Economics
ISBN : 9781529015430

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The LIC Story by Kamalji Sahay Pdf

What does LIC stand for? Is it a security provider or a common man’s savings mobilizer? A mere money lender or a nation builder? Is it like any other PSU — an employment generator — or has it grown into the way of life of almost every Indian? LIC is all of these rolled into one! From being called the ‘Jewel in the Crown’ of India to being synonymous with the insurance industry, the Life Insurance Corporation, has made a place in every household of India. In more than 60 years LIC has not only gained the trust of the public but in its many ways, LIC is ahead of several global leaders in the insurance industry. The book, The LIC Story: Making of India’s Best-known Brand, is an account of this extra ordinary organization through the eyes of Kamalji Sahay who joined LIC as a young professional in 1977 and saw it sail through choppy waters for three decades when he served as their Executive Director. This book covers the details of the most significant events, people and operational dynamics which the author experienced across the remotest offices or even at the headquarters of LIC. Full of interesting anecdotes, The LIC Story takes us on a fascinating ride into this mighty organization from an insider’s perspective.

Author : J. David Cummins,Bertrand Venard
Publisher : Springer Science & Business Media
Page : 1000 pages
File Size : 51,5 Mb
Release : 2007-12-23
Category : Business & Economics
ISBN : 9780387341637

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Handbook of International Insurance by J. David Cummins,Bertrand Venard Pdf

Handbook of International Insurance: Between Global Dynamics and Local Contingencies analyzes key trends in the insurance industry in more than 15 important national insurance markets that represent over 90 percent of world insurance premiums. Well-known academics from Europe, the Americas and Asia examine their own national insurance markets, including the competitive structure, product and service innovations, and regulatory developments. The book provides academics and executives with an unprecedented range of information about today’s insurance markets. This book also provides important 'new' information on the evolution of the financial sector worldwide and comprehensive chapters on reinsurance, Lloyd’s of London, alternative risk transfer, South and East Asian insurance markets, and European insurance markets. Setting the stage is an overview chapter by the editors focusing on overall conclusions on globalization.

Author : Dr. Anilkumar M,Dr. Resia Beegam. S
Publisher : Lulu.com
Page : 300 pages
File Size : 49,6 Mb
Release : 2024-06-15
Category : Electronic
ISBN : 9780359274802

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An Evaluation of Life Insurance Business in India by Dr. Anilkumar M,Dr. Resia Beegam. S Pdf

Author : D. C. Srivastava,Shashank Srivastava
Publisher : Unknown
Page : 352 pages
File Size : 50,5 Mb
Release : 2001-01-01
Category : Industrial life insurance
ISBN : 8177080067

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Indian Insurance Industry by D. C. Srivastava,Shashank Srivastava Pdf

Examines The Relationship Between Insurance Services And Economic Development - Rationale Of Govt Regulations - Present Stage Of The Industry - Future Prospectsd - Has 3 Parts - 20 Contributions - Annexures - Bibliography - Index.

Author : Dr. ARUNA RAVI,Dr.B.K.SURYA PRAKASHA RAO
Publisher : Archers & Elevators Publishing House
Page : 229 pages
File Size : 51,5 Mb
Release : 2024-06-15
Category : Antiques & Collectibles
ISBN : 9789388805414

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PERFORMANCE OF LIFE INSURANCE COMPANIES IN INDIA by Dr. ARUNA RAVI,Dr.B.K.SURYA PRAKASHA RAO Pdf

Author : SHASHIDHARAN K. KUTTY
Publisher : PHI Learning Pvt. Ltd.
Page : 728 pages
File Size : 44,7 Mb
Release : 2008-08-12
Category : Business & Economics
ISBN : 8120335317

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Managing Life Insurance by SHASHIDHARAN K. KUTTY Pdf

With the liberalization of the Indian economy, the insurance sector has opened up, and a lot of new players, both multinationals and Indian companies with foreign collaboration, have entered this arena realizing the vast potential in life insurance. A basic knowledge of life insurance has therefore become essential for the students opting for this course as well as for the practitioners. With this view in mind, Dr. Kutty gives in this text a masterly analysis and a holistic view of every dimension of life insurance management in the sequence of 6Ps—purpose, principles, purchase, products, process and people, in an easy to understand language. He strives to demystify the complex world of life insurance and present its fundamentals to all the readers. Based on the author’s rich experience in insurance sector over the two decades, the text provides new research insights in the areas such as product comparisons, e.g. portfolio approach to purchase of life insurance. It covers the actuarial dimensions of life insurance, with the minimum use of mathematics. Besides, the text discusses in detail the two core operations of an insurance company—underwriting and claims. The hallmark of this book is its attempt to transform the way marketing and operations in life insurance are approached and its sure guidance on how a professional should approach and manage sales, service, process and people. Key Features  Separate chapters are devoted to topics such as general insurance, risk management, underwriting, claims and financial management.  The nature of contracts in general and life insurance contracts in particular is explained.  Different traditional insurance products such as term insurance and non-conventional products like unit-linked policies are dealt with in detail. This book is primarily designed for students of management, commerce and those pursuing specific insurance courses. It can also be profitably used by industry practitioners. Finally, the book will be invaluable to managers of Life Insurance companies, Banks (engaged in Bancassurance), and Security firms.

Author : NALINI PRAVA TRIPATHY,PRABIR PAL
Publisher : PHI Learning Pvt. Ltd.
Page : 256 pages
File Size : 53,9 Mb
Release : 2005-01-01
Category : Business & Economics
ISBN : 8120328566

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INSURANCE by NALINI PRAVA TRIPATHY,PRABIR PAL Pdf

With the entry of many global players and tie-up of Indian finance companies with multinational insurance companies, the Indian insurance sector is making rapid stricles. This book provides an insight into the operational policies, practices and issues relating to the insurance business, with the latest trends in this sector. Divided into two parts and containing 21 chapters, the book has contributions from experts in their area of specialization. The first part contains an overview of insurance and its role in the services sector. It also examines the current status of development and future prospects of insurance industry in India, and proceeds to discuss factors affecting selection of life insurance products. The second part deals in details with rural, social and health insurance. It also covers the Gratuity system and Bancassurance. The book is intended as a text for postgraduate students of management (Finance specialization), and finance and professionals who have an interest in the increasingly expanding area.