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Life Insurance India term paper

Essay specific features

 

Issue:

Business

 

Written by:

Kyle T

 

Date added:

August 13, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1819

 

Was viewed:

6826 times

 

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Essay content:

Today, just three years since their entry, their cumulative share has crossed 13% (Source: IRDA), far exceeding expectations. Clearly insurance is on a growth path. The percentage of premium income to GDP which was just 2.3% in 2000/01 rose to 3.3% in 2002/03; and life insurance has emerged as the dominant contributor to this growth...
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Life insurance penetration, for instance, was at an abysmal 22% of the insurable population. However, private players have had to rise to many challenges. They were faced with attitudinal barriers towards the category and the perception that insurance was only a tax-saving tool. Insurance per se had lost it basic rationale: protection...
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