Life Insurance in India

R. Haridas

Published by New Century Publications 1
ISBN 10: 8177082523 / ISBN 13: 9788177082524
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Synopsis: 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.

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Title: Life Insurance in India
Publisher: New Century Publications 1
Binding: Hardcover
Book Condition: New

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Book Description New Century Publications. Hardcover. Condition: New. 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, general 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. Insurers are putting in much more research into development of products both in the life and general segments. 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, 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. Seller Inventory # NewCentury-9788177082524

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Book Description New Century Publications, 2011. Hardcover. Condition: Very Good. Slight sun damage to dust jacket. No.1 BESTSELLERS - great prices, friendly customer service â" all orders are dispatched next working day. Seller Inventory # mon0000533203

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by R. Haridas
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Book Description New Century Publications, 2011. Hardcover. Condition: New. 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, general 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. Insurers are putting in much more research into development of products both in the life and general segments. 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, 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. CONTENTS CONTENTS 1. Insurance Services: An Introduction - Insurance Defined; Fundamental Principles of Insurance; Essential Elementsof an Insurance Contract; Uniqueness of Insurance Business/Industry; Stages in Insurance Business; Difference between Life and Other Forms of; Insurance; Features of Life Insurance. 2. Insurance Business in India: An Overview - History of Insurance Services in India; Weaknesses of Insurance Industry Prior to Reforms of Late 1990s; Committee on Reforms in Insurance Sector, 1994; Indian Insurance Business: From State Monopoly to Competition; Regulations and Controls; Post-liberalisation Developments in Insurance Business; Broad-based Marketing of Insurance Products; FDI in the Insurance Sector; Rise of Private Players in the Insurance Market; Summing Up. 3. Life Insurance in India: Origin, Growth and Present Status - Origin of Life Insurance; Growth of Insurance Companies; Insurance in India; Advantage of Life Insurance; Main Life Insurance Products; Major Players in Indian Life Insurance Business; Life Insurance Market in India; Comparison of India and China with Other Countries; Recent Trends in Life Insurance Industry. 4. Micro Insurance and Financial Inclusion - Financial Inclusion; Micro Finance; Need for Micro Insurance; UNDP Study Report on Micro Insurance; Consultative Group on Micro Insurance; Micro Insurance in India: Policy Options. 5. Review of Literature on the Subject. 6. Conclusions and Suggestions - Conclusions; Suggestions. Glossary of Insurance Terms; Multiple Choice Questions on Insurance Principles and Practice. Printed Pages: 198. Seller Inventory # 53156

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Book Description New Century Pub, 2011. Contents Preface 1 Insurance Services An introduction 2 Insurance business in India An Overview 3 Life Insurance in India Origin Growth and Present Status 4 Micro Insurance and Financial Inclusion 5 Review of Literature on the Subject 6 Conclusions and suggestions Glossary of Insurance Terms Multiple choice Questions on Insurance Principles and Practice Bibliography IndexAfter 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 general 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 Insurers are putting in much more research into development of products both in the life and general segmentsReforms 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 bancassurance market has also come up in a big wayThis book deals with life insurance business in India focusing on recent reforms in this sector Jacket 182 pp. Seller Inventory # 85767

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Book Description New Century Publications, 2011. HRD. Condition: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Seller Inventory # GB-9788177082524

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