literature review on insurance sector in india

Table 2 provides insight into the performance of health insurance sector in India. The growth of health insurance in India has been from Rs.1909 crores for the financial year 2006-2007 to Rs. 33011crores for the financial year 2018-2019. The growth percentage is 1629% i.e. growing at an average rate of 135% per annum.

Review of Literature. Gamarra(2007) estimated cost and profit efficiency ... The insurance industry is a growth-oriented industry. The life insurance sector in India has seen an array of changes ...

Sinha and Tapen (2005), in their research article "The Indian Insurance Industry: Challenges and Prospects" have stated that India is among the most promising emerging insurance markets in the world. But out of total insurance premium market in India particularly life insurance currently makes up 80% of premiums.

2020, the public sector incurred claims ratio was 102.91. percent, as against 101.03 percent in the year 2020 - 2021. Stand-alone health insurers accounted for 72.55 percent of. private sector ...

expressed interest in India's massive market. The insurance industry has enormous growth potential. Many foreign studies predict that the insurance sector in India would increase by more than 125% over the next ten years. (Farokhian.S.,Vazifehdus.H., 2013)examined elements affecting the insurance sector have been clarified.

Literature review. Numerous studies have focused on the transition of the Indian life insurance industry. The studies in the field have explored the dominant themes related to the topic and have helped maintain the sense of the topic's perspective throughout the present study, and have provided the context for identifying data collection ...

on insurance business. Section 3 outlines insurance industry in India and the SWOT analysis of the industry. In Section 4, describe the research methodologys . In Section 5, describes the content analysis of Private and Public Players in insurance industry in India and outlines the comparision between the two based on various indicators.

This systematic review of research on digital technologies in insurance discusses their benefits, enablers and inhibitors with specific reference to Industry 4.0-driven changes and identifies opportunities and imminent changes in the industry.

driving insurance market growth in India. Over the next five years (2024‒28), we forecast that total insurance premiums will grow by 7.1% in real terms, well above the global (2.4%), emerging (5.1%) and advanced (1.7%) market averages. At this rate, India will have the fastest growing insurance sector of the G20 countries. We expect robust

policyholders and increasing insurance coverage. LITERATURE REVIEW Dr Madhavi, N.R., in the research paper titled "Insurance Sector in India : Challenges and Opportunities" (January, 2014) highlights that insurance sector in India is one of the growing sector and the Indian insurance business has

Literature Review 1. Dr. Rana Rohit Singh, Abhishek Singh (2020): "A Study of Health Insurance in India". Health Insurance sector in India has gained huge escalations since liberalization due to introduction of private Healthcare financers, increase in Health consciousness among all sections of the

ebix.com plans to enter the Indian market following deregulation of its insurance sector. II. REVIEW OF LITERATURE In the present section an attempt has been made to examine the review of literature related to the study. Rao, S. (2000) analyzed that India is still an underdeveloped insurance market, it has a huge catch-up potential.

Introduction. India has a complex and mixed healthcare framework with presence of parallel public and private healthcare systems. 1 2 There is a stark difference in government spending on both public and private healthcare. 3 Health policies in India have been guided by the principle of equity with prioritising the needs of the poor and underprivileged. 4 Out-of-pocket expenditure (OOPE) for ...

The insurance sector has come a long way today. It has completed a decade of liberalization. A glance at Indian economy throws light on important aspect showing about still 80 per cent of total population of India is without life insurance cover. This is also an indicator that growth potential for the insurance sector is immense in India.

market share of Life Insurance in India in both public and private sectors are shown in below Table 1 for a period of 15 years, i.e., from 2000 to 2015. From the below table we observe that the market share based on total premium income of Life Insurance industry India is 99.98% and 99.46% in the 2001 & 2002 respectively.

Public sector Company: Life insurance Corporation of India. Life Insurance Corporation of India (LIC) is only one public sector Company in life insurance. It was created on 1st. September, 1956 ...

The Life Insurance market in India is an emerging market because the ratio of GDP to life insurance premium is only about 4 % and the dispersion level is about 26%. Though the market has grown exponentially following. liberalization with the entry of private firms on 1 April 2000, it is still an emerging market.

Insurance Density - 3.49 % II. REVIEW OF LITERATURE Tanveer Ahmad Darzi (2009) in the research paper, "Financial Performance of Insurance Industry in Post liberalization era in India" made a comparison of public and private general insurance companies' performance using statistical analysis. The motive behind the paper was to discover ...

A Review Of Literature On Life Insurance In India. B. Sumana, K. Roshan. Published 2016. Economics, Business. International Journal of Research in Finance and Marketing. The concept of review is to revisit the previous work done on a subject to enhance learning and give a deeper insight to the researcher on the current study. The review of ...

Binny, Dr. Meenu Gupta (2017), Health insurance in India- Opportunities and challenges. The paper is about pr esent t rends of health insurance sector in India. Gro wth o pportunities. and ...

The literature review reveals several key findings regarding the relationship between insurance and the Indian economy. The historical evolution of the Indian insurance sector, from its origins in the early 19th century to its liberalization in the 1990s, underscores its significant transformation.

Insurance Industry of India with the advent of digitalization using an in-depth case study of Acko general insurance limited. Literature Review According to global statistics, the value capital invested in InsurTech companies from 2012 to 2017 increased from $326 million to $2,134 million, and the number of deals in this period has increased

Health insurance market in India has become the fastest growing segment in non -life insurance sector in India. The health insurance business in India saw a 24% growth in FY 17 with a premium of INR 30,765 Cr and a market share of 24%. ... Review Literature: The review is divided into three categories. While the first category is focusing on ...