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~oncept of insurance ............................................................................................................................... 3


What is insurance .................................................................................................................................... 3
Type of insurance: ................................................................................................................................... 3
Introduction ............................................................................................................................................ 4
Evolution of Insurance Before liberalization ............................................................................................. 4
Milestones of Insurance Regulations in the 20 th ~entury ........................................................................ 6
What are the emerging trends in the insurance industry in terms of product innovations? ...................... 7
Indian Insurance Market ʹ History ........................................................................................................... 8
Insurance Market- Present....................................................................................................................... 9
State Insurers ~ontinue To Dominate................................................................................................... 9
Reaching Out To ~ustomers ............................................................................................................... 10
Intense ~ompetition .......................................................................................................................... 10
Global Standards................................................................................................................................ 10
Some Areas of Future Growth ................................................................................................................ 11
Life Insurance .................................................................................................................................... 11
Health Insurance................................................................................................................................ 11
Pension.............................................................................................................................................. 11
PRESENT S~ENARIO OF INSURAN~E INDUSTRY ...................................................................................... 11
Evolution of Insurance During liberalization ........................................................................................... 12
Growth of insurance industry post liberalization .................................................................................... 12
Act: ........................................................................................................................................................ 14
Financial and Insurance Sector in India .................................................................................................. 14
Insurance sector in India in 2010............................................................................................................ 15
General Insurance.................................................................................................................................. 15
Health Insurance.................................................................................................................................... 16
Investments........................................................................................................................................... 17
Investment Policy .................................................................................................................................. 17
Indian insurance industry to have stable profitable growth .................................................................... 18
India͛s insurance sector poised for 200% growth by 2010 ...................................................................... 19

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~OMPETITION ....................................................................................................................................... 20
MARKET SIZE AND GROWTH .................................................................................................................. 22
Insurance Industry Trends...................................................................................................................... 22
APPLI~ATION OF INFORMATION TE~HNOLOGY IN INSURAN~E SE~TOR ................................................. 23
~ON~LUSION ......................................................................................................................................... 24
References............................................................................................................................................. 24

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