Insurance

? ACKNOWLEDGEMENT I wish to express my sincere gratitude to Mr.R.Munirathnam Rao Co-ordinator of EPIRM course at Institute of policy and Risk Management for providing me an opportunity to do my working class work on GROWTH OF INSURANCE SECTOR-POST repose and guiding and encouraging me throughout this project work .This project bears imprint on insurance sector and its importance in the development of the economy. I also wish to express my gratitude to our librarian who rendered his help during the period of my project work. Last but not least I wish to avail myself of this opportunity, express a sense of gratitude and love to my friends and my beloved parents for their manual support, strength, help and for everything. give thanks YOU Place: HYDERABAD Date: March 2, 2011 Introduction Insurance in India started without each regulation in the Nineteenth Century. It was a typical explanation of a colonial era: a few British insurance companies dominating the market serving mostly greathearted urban centers. After the independence, it took a dramatic turn. Insurance was nationalized.

First, the heart insurance companies were nationalized in 1956, and then the general insurance condescension was nationalized in 1972. Only in 1999 private insurance companies engage been allowed back into the business of insurance with a maximum of 26% of foreign holding. In what follows, we describe how and why of regulation and deregulation. The door of the State Bank of India with its proposal of bancassurance brings a new kinetics in the game. We study the collective experience of the other countries in Asia already deregulated their markets and have allowed foreign companies to participate. If the experience of the other countries is any guide, the dominance of the Life Insurance Corporation and the General Insurance Corporation is not going to disappear any duration soon. Insurance under the British... If you want to get a full-of-the-moon essay, order it on our website: Orderessay

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