Insurance Sector Reforms in India

Asian Resonance(P: ISSN No. 0976-8602 RNI No.UPENG/2012/42622 VOL.-V, ISSUE-I, January-2016 E: ISSN No. 2349-9443)

Abstract


 Meghna Aggarwal 

Assistant Professor, Deptt. of Commerce and Business Management, A.S.S.M. College, Mukandpur

With largest number of life insurance policies in force in the world, Insurance happens to be a mega opportunity in India. It’s a business growing at the rate of 15-20 per cent annually and presently is of the order of Rs 450 billion. Together with banking services, it adds about 7 per cent to the country’s GDP. Gross premium collection is nearly 2 per cent of GDP and funds available with LIC for investments are 8 per cent of GDP. Innovative products, smart marketing and aggressive distribution. Indians, who have always seen life insurance as a tax saving device, are now suddenly turning to the private sector and snapping up the new innovative products on offer. The opening up of the sector is likely to lead to greater spread and deepening of insurance in India and this may also include restructuring and revitalizing of the public sector companies.

for full paper please visit below link :

http://www.socialresearchfoundation.com/upoadreserchpapers/1/92/1603260618151st%20meghana%20agarwal.pdf


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