insurance sector

  • 160 views
Uploaded on

insurance sector 2013

insurance sector 2013

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
160
On Slideshare
0
From Embeds
0
Number of Embeds
0

Actions

Shares
Downloads
12
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. What is INSURANCE?
  • 2. IRDA • IRDA became a statutory body in April 2000 • The key objective of IRDA
  • 3. LIC & GIC Insurance in India Non-life insurance / General insurance Life insurance Term life insurance Permanent life insurance Motor Fire Marine Health Other
  • 4. Need for insurance • • • • • Tax relief Helps in financial planning Helps during retirement – acts as a pension Savings instruments Improves credit rating – considered as a financial asset • Contribution towards sustaining a standard of living when one contributing partner dies • Cover against risk
  • 5. Scope of insurance sector • • • • Higher disposable income Introduction of policy portability Changing demographics Increase in insurance companies & intermediaries (agents) • Growth of GDP • Increase in number of middle class • 24 life insurance companies and 26 non-life insurance companies are in Indian market
  • 6. Growth of insurance sector
  • 7. Private sector vs Public sector • • • • • Owned Objective Formation Term savings Operations
  • 8. Market share
  • 9. Major players of private sector
  • 10. Major players of Public Sector
  • 11. Contribution to GDP