A Study on the Significance of Indian Insurance Industry and Its Financial Performance

Published in Journal

Journal of Advances and Scholarly Researches in Allied Education [JASRAE] (Vol:10/ Issue: 20) DOI: 10.29070/JASRAE
Authors: Seema Shokeen,
Subjects: Multidisciplinary Academic Research

Year: Oct, 2015
Volume: 10 / Issue: 20
Pages: 0 - 0 (0)
Publisher: Ignited Minds Journals
Source:
E-ISSN: 2230-7540
DOI:
Published URL: http://ipublisher.in/I/a/3971
Published On: Oct, 2015

Article Details

A Study on the Significance of Indian Insurance Industry and Its Financial Performance |

Seema Shokeen, in Journal of Advances and Scholarly Researches in Allied Education | Multidisciplinary Academic Research

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ABSTRACT:

The insurance industry in India has passed through a period ofstructural changes under the combined impact of financial sector reforms ingeneral and insurance sector in particular. The market for insurance servicespreviously was monopolistic while the market place was regulated and insurancecompanies were expected to receive assured spreads over their costs of fundsand systematic demand for their products. This phase in insurance business wasthe result of sheltered markets and administered prices for various insuranceproducts.