Summary |
The introduction of new economic policy and consequent financial sector reforms have brought number of changes in insurance sector. This sector hitherto owned by the life insurance corporation of India and other General Insurance Companies of the Government of India have been opened to private partners. The formation of IRDA, partnership with insurance business and banking business and the introduction of micro insurance given new thrust to his sector. All these trends have increased the competition both in life and non-life insurance business, which resulted in more choice for consumers. These trends need in-depth analysis and documentation for policy formulation and future direction.
|
