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Published in:

Volume 9 Issue 11
November-2022
eISSN: 2349-5162

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Published Paper ID:
JETIR2211477


Registration ID:
504857

Page Number

e462-e472

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Title

A STUDY ON THE GROWTH OF INDIAN INSURANCE SECTOR

Authors

Abstract

The Insurance region in India governed through Insurance Act, 1938, the Life Insurance Corporation Act, 1956 and General Insurance Business (Nationalisation) Act, 1972, Insurance Regulatory and Development Authority (IRDA) Act, 1999 and different associated Acts Life Insurance was the first to be nationalized in 1956. Life Insurance Corporation of India was formed by consolidating the operations of various insurance companies. The study is based on secondary data related to growth of insurance sector over a period of time, Major developments and Government Initiatives of Insurance Industry and to analyse the present scenario of Insurance industry The insurance industry of India has 57 insurance companies 24 are in the existence insurance business, while 34 are non-life insurers. Among the life insurers, Life Insurance Corporation (LIC) is the only public zone organisation. There are six public quarter insurers in the non-lifestyles insurance section. In addition to those, there may be a sole countrywide re-insurer, specifically General Insurance Corporation of India (GIC Re).

Key Words

Insurance, Internet, Marketing.

Cite This Article

"A STUDY ON THE GROWTH OF INDIAN INSURANCE SECTOR", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 11, page no.e462-e472, November-2022, Available :http://www.jetir.org/papers/JETIR2211477.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"A STUDY ON THE GROWTH OF INDIAN INSURANCE SECTOR", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 11, page no. ppe462-e472, November-2022, Available at : http://www.jetir.org/papers/JETIR2211477.pdf

Publication Details

Published Paper ID: JETIR2211477
Registration ID: 504857
Published In: Volume 9 | Issue 11 | Year November-2022
DOI (Digital Object Identifier):
Page No: e462-e472
Country: Hyderabad, Telangana, India .
Area: Commerce
ISSN Number: 2349-5162
Publisher: IJ Publication


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