Professional Documents
Culture Documents
INTRODUCTION
OBJEC
TIVE
To
To
un
udnedresrtsatnadndthe
thelifleifeinin
susruarnacnecesec
InIdnid
ai.a.
setcotroirnin
To
To
lelaeranrnabaobut
ouLt ILCIC&&ICIICCI p
To
ICI rpurduednetnia
To
knkonw
. l.
owthtehescsocpoep of
tila
e olif fliefeinin
susruarnacnecein I
innIdnid
ai.a.
SCOPE
Effect of liberalization
Trends in insurance sector
Impact of budget on insurance sector
Product offered by LIC & ICICI Prudential
Impact of financial crisis on LIC
LIMITATION
Life Insurance is a vast subject. It is not possible
to provide information regarding all the
different types of policies which provides
different benefits. The project would have
been much better if the comprehensive
study of all the different types of policy
provided by different companies is
undertaken.
NSURANCE
INSURANCEINDUSTRY:
INDUSTRY:
LASSIFICATION
CLASSIFICATION
Working of Insurance
y
r
t
s
u
d
n
I
l
a
b
Glo
s
c
i
t
s
i
t
a
St
Emerging Markets
(Total Premium, figures in $billion)
Taiwan
17.3
China
13.4
India
7.2
Hong Kong
6.1
Israel
5.8
Singapore
5.0
Globalization of Life Insurance Market
Statutory requirements
to provide reach to
rural areas
Life Insurance
Age at entry
18- 60 years
Deferment period
2 - 35 years
Vesting age
50- 70 years
Rs. 10,000
----
RS 2500
----
premium
Mode of annuity payment
monthly
Tax benefits
FINDINGS
RECOMMENDATION
CONCLUSION
ase
h
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owwi in an evofl actions inin
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heemm
1. T
xppect a lot o
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igg
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r
o
f
r
o
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s
i
m ing days ediment s for fore nn
coo
p ediment ity cap o
c mcurrent imm
quuity cap onrole of
hee current i lipke 26% ee
2. T
q gulatory ole of
2. Tahrticipationn like 26%
eddreregulatory ernt
p articipatio er, ill definn
m e nt
p ign partn er, ill defi ery developp
reeign partn e Regulatoory develo tm
foo
) inin
c e Regulat the indussrtyry
f rA (Insurann
)
c tchdog of the indu
IRDDA (Insurae w
a tchdog of
IR hority- th e w
t hority- th ssaetc
Auu
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A tsion businn
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peension bus e
p