Economic and financial development of any country generally depends upon the insurance sector business. In India, insurance companies have become competitive in nature and are providing appropriate distribution channels to get maximum benefit and serve customers in manifold ways. Indian insurance industry ...
Since then, the insurance sector in India is considered as a flourishing market amongst global insurance companies. In March 2013, the FDI limit has been raised from 26% to 49%. This long pending step will definitely boost the confidence of global insurers and investors. However, the largest ...
India’s health insurance market has grown significantly over the past decade. It comprises public sector insurers, private insurers, and standalone health insurance companies. This competitive landscape has led to better policy options, enhanced coverage, and a customer-centric approach by insurance pr...
There are 24 life insurance companies in India, recognized by IRDAI and there are only 7 Nationalized Insurance companies in India. Here is the list of most popular life insurance companies along with Exide Life Insurance, Aviva Life Insurance, Reliance Nippon Life Insurance and Aviva Life Insuran...
At present, there are 24 life insurance brokers in India with only LIC of India being the government undertaking and other 23 are either privately owned or joint ventures between two or more private companies (national and/or international) or between private companies and public sector undertakings...
The Public Sector Life Insurance Corporation and Private Sector companies have been competing with each other for providing best services and best products to the customers. Customer is kind in any market and Insurance Market is no exception. Every company is trying for innovative product to satisfy...
Top 10 Life Insurance Companies, based on CSR We have shortlisted the Top 10Life Insurance Companiesin India (2021-22) based onThe Claim Settlement Ratio (CSR), customer satisfaction level, and after-sale services. 1. Max Life Max Life Insurance Company acquires top of the list. The company...
Insurance being one of the segments of financial sector, it has in the recent past gone through a transformation and change including the passing of IRDA (Insurance Regulatory and Development Authority) Act 1999. Due to the IRDA act 1999 the insurance sector has been opened up, the monopoly ...
Manipal Cigna Health Insurance Companyis a comparatively new player in the Indian insurance sector. Being launched only in 2014 and has immediately become part of the best health insurance companies in India. Its Incurred Claims Ratio (ICR) for both FY 2019-20 & 2018-19 stands at an impressive...
Impact of Privatization on Risk Business: A Study of the Life Insurance Sector in India The impact of privatization in risk business in India has shown its impact on transformation from the state of monopoly to mushrooming companies offering i... V Ushakiran,MM Goud,SS Murthy - 《Journal of...