Impact of Privatization on Indian Life Insurance Industry Post IRDA 2000
Journal Title: International Journal of Languages, Education and Social Sciences (www.ijless.com) - Year 2012, Vol 2, Issue 1
Abstract
The performance of private players in first year was very low in the sense of market share it was only approx. 2%. Before the private players entered in the market LIC was the only dominant player in the public. LIC enjoyed over 98% of the market share in the early stage of liberalization and private players suffered losses in the first year of their operations But the private sector have seen 200% growth in the second year of liberalization. This has doubled their share from 3-4% in the first year itself. And LIC market share has drastically reduced in 2-3 years. First year premium collection was drastically increased in the second year of the operation. After that in each year private sector proved a boon for whole Indian life insurance industry. Privatization has positive impact on LIC as well as on whole Indian life insurance industry. It can be said on the basis of expanded life *insurance density i.e. now 55.7 USD in 2010-11 which was only 9.1USD 2001-02* and life insurance penetration, which is now 4.4% in 2010-11 from 2.15% in 2001
Authors and Affiliations
Dr. Renu Aggarwal
Keywords
Related Articles
- EP ID EP130232
- DOI -
- Views 60
- Downloads 0
Education: - The Different Methods of Learning
This paper is basically for comparison of different learning techniques. The main concern is on ubiquitous learning, which is the combination of elearning and m-learning. Here the advantages of adaptive learning are co...
हरियाणा के गांवों में लोक संचार के साधनो की मूल्यांकन पद्धति और विधियॅा
यह शोध पत्र एक अनुसंधान परियोजना के मूल्यांकन से चयनित निष्कर्ष के लिए है । परियोजना की गतिविधियॅा सशक्तिकरण और समावेशी उद्देश्य के लिये हैं । इसमें ऑनलाइन बातचीत समूहों, कार्यशालाओं और ऑडियो सम्मेलनों को शामिल किया गया...
हिन्दी गजल साहित्य का वर्णन व महत्व
ग़ज़ल की जटिल गीत को समझना शिक्षा आम तौर पर केवल उच्च वर्गों के लिए उपलब्ध की आवश्यकता है। परंपरागत शास्त्रीय रागों में जो गीत गाया गया था भी थे मुश्किल समझने की। ग़ज़ल शब्दों के संदर्भ में कुछ सरलीकरण जो इसे दुनिया भर म...
Awareness in People Regarding Social, Economic and other Issues
Now a days, land, materials and energy will increasingly meet natural limits or be constrained by intergenerational equity arguments. In this paper author want to say, it needs global awareness for the sustainable deve...
हिन्दी साहित्य के प्रमुख रूपो का वर्णन व महत्व
हिंदी साहित्य का आरंभ आठवीं शताब्दी से माना जाता है। यह वह समय है जब सम्राट् हर्ष की मृत्यु के बाद देश में अनेक छोटे - छोटे शासन स्थापित केंद्र हो गए थे जो परस्पर संघर्षरत रहा करते थे। विदेशी मुसलमानों से भी इनकी टक्कर ह...