A Critical Study on Insurance Industry and Its Financial Performance In India

Published in Journal

Journal of Advances and Scholarly Researches in Allied Education [JASRAE] (Vol:4/ Issue: 7) DOI: 10.29070/JASRAE
Authors: Ritu Rani,
Subjects: Multidisciplinary Academic Research

Year: Jul, 2012
Volume: 4 / Issue: 7
Pages: 0 - 0 (0)
Publisher: Ignited Minds Journals
Source:
E-ISSN: 2230-7540
DOI:
Published URL: http://ipublisher.in/p/2806
Published On: Jul, 2012

Article Details

A Critical Study on Insurance Industry and Its Financial Performance In India |

Ritu Rani, 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 aperiod of structural changes under the combined impact of financial sectorreforms in general and insurance sector in particular. The market for insuranceservices previously was monopolistic while the market place was regulated andinsurance companies were expected to receive assured spreads over their costsof funds and systematic demand for their products. This phase in insurancebusiness was the result of sheltered markets and administered prices forvarious insurance products.