International Journal of Commerce and Management Research

International Journal of Commerce and Management Research


International Journal of Commerce and Management Research
International Journal of Commerce and Management Research
Vol. 2, Issue 11 (2016)

Problems of insurance industry in India


Ankit Kumar Singh Patel

Though the insurance business in India has come a long way since the nationalization, the progress of insurance sector has not been satisfactory considering the global standards and the Indian economic potential. Low insurance density as well as insurance penetration has been a matter of serious concern with respect to insurance sector in India. The Insurance Industry of a country holds the prominent important place in context of mass welfare as well as the matters of policy considerations at the various levels of planned economic development. The present paper seeks to examine the serious problems confronting the insurance sector in India and chart out the alternative strategies to be adopted for fulfillment of the unmet needs of the insurance in India.
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