CHALLENGES OF PRIVATE SECTOR LIFE INSURANCE COMPANIES IN INDIA

raja babu puppala

Abstract


The Private Sector Life Insurance Companies has been making rapid strides in terms of increasing their contribution and market share since 2000 onwards. Private sector life insurance companies have experienced rapid expansion of branches from 13 to 8,768 during the period of 2001-2010. The main intention of private life insurance companies were spread and reach to the common man. Each insurer uses to cover many parts of the country. The private insurers are having flexible and competitive nature in terms of services compared with the public sector insurer. This expansion is clear from the number of life insurance offices established during the period.

The Indian life insurance system is having significant base on mixed economic system where in the public sector occupied a monopolistic position in life insurance business. Private players play a major role in life insurance business more efficient and customer friendly. They have also jolted and facing stiff competition from the LIC.


بازی انفجار Full Text: PDF

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

ISSN : 2251-1547