Summary |
The book: insurance industry on the threshold of a new millennium: A case of growth and challenge to the life insurance corporation of India, covers the antiquity of insurance and its advancement over the time, the history of nationalization, consolidation and overcoming the takeoff stage to enter into the arena of growth-either horizontal or vertical. It explores how the corporation generates life fund, controlled fund and how they are being invested in the nation building activities, how does it help finance the five year plans and depicted a clear picture with the tool of trend analysis. To test its cost effectiveness the book also analyzes economics of scale of the corporation by using Tran-slog cost function. Lastly, the book touches the touchy issues of opening up of the insurance market to the private players and ends with the apprehension “if history repeats itself!”
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