The RISE & RISE of LIC
1)Â Â Â Definition of Globalisation. LPG--Liberalisation, Privatisation & Globalisation World has become boundaryless. Mingling of cultures & customs of different regions.
Productivity of the tied insurance agents in life insurance in India
The tied distribution channels play the prime role in the sale of life insurance business. Therefore, use of mix of different distribution channels generally helps in spreading the business, developing…
Financial literacy and consumer education on insurance in India
The IRDA along with other stakeholders of the industry, has a responsibility of improving financial literacy in the country as well as to impart consumer education in insurance. Towards this…
Persistency of life insurance policies and servicing of orphan insurance policies
Life insurance policies are generally of long-term in nature. As such, in the interests of all parties, i.e., the policyholders, the intermediaries and other stakeholders, the insurer has to put…
State-wise life insurance penetration and density of individual new business in India
Insurance penetration and insurance density are the two important indicators, which provide the level of development of insurance sector in an economy. Insurance penetration is defined as the ratio of…
Personal Finance Outlook 2013: Insurance – Long-term story intact
TR Ramachandran : The year 2012 was a mixed year for the life insurance industry. While the challenges and uncertainties of last year still cast a shadow, the long-term prospects…
Why Life Insurers Need Reinsurance Protection?
In life insurance business, India ranked 9th among the 156 countries. During 2010-11, the estimated life insurance premium in India grew by 4.2 per cent. However, during the same period,…
Buying and Selling — Life Insurance
Buying and selling are two different, but simultaneous activities arising out of a single act and as a single 'event'. They are different because of the individuals involved are of…
Customers awareness and Satisfaction – Key factors for successful marketing
"Marketing - A direction towards expansion of business activities A successful marketing - A direction towards progressive and prosperity of the business activities"
Survey of CEOs of Life Insurance Companies in India by Milliman
Given the significant regulatory changes in the industry over the past two years and the current level of uncertainty, over the last few weeks Milliman has been talking to CEOs…