2000/-
MBA Project Type: Finance, Banking / Finance
Project ID: 1575
Description: Amidst the frequent changes and challenges faced by the Indian Insurance Industry before and after the inception of IRDAI, the industry has witnessed remarkable growth to some extent. However, even after almost 35 years of liberalization, privatization and globalization, the industry does not really appear to have enjoyed the benefit fruits to the extent expected. Still about 80% of the people do not have a cover for their life and health. Not much improvement is seen in the introduction and implementation of pension plans for the benefit of larger population who are in private and other insecure sectors. Most of the consumers who take life insurance cover treat it as only a tax saving tool rather than an important life risk provider. This highlights the need of making people aware about the risk coverages and actual benefits of the insurance plans. The market looks untapped and individuals lack social security. Whatever the figures presented in the reports of growth from various industries in the field it does make only a nominal representation when compared with the population of the country. It is the time for policy makers, regulatory authority and the participating competitors to take stock of the situation to assess the real growth of the industry in these two decades. Identify and plug the vulnerable points and shelve the wrong, conservative policies. Planning of innovative strategies to penetrate the huge market available in the country with more confidence, fresh ideas and incorporating the new technological tools are essential which not only ensures the customer satisfaction but also enhances the business growth. The retrospection required would be more effective if it is done by third party. The present study proposes to undertake such a comprehensive in-depth analysis of the various regulation impose by IRDA to safe guard customers as well as create environment for growth of the industry.
Project Report Pages: 65
Can be used in: Finance, Banking / Finance
Project Cost: Rs 2000 / $ 40
Synopsis Cost: Rs 350 / $ 7
Delivery Time: Within 12 hours.
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