Human Factor – With Respect To Life Insurance Sector

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‘Insurance’ as a product is considered as one of the difficult products, as it is all about concept selling and definitely in a country like India one has to sell Insurance where the customers are unwilling to accept their need. It becomes obvious that an employee from the Insurance sector has to be very vibrant and intellectual along with a tremendous convincing ability...
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It becomes obvious that an employee from the Insurance sector has to be very vibrant and intellectual along with a tremendous convincing ability. In spite of positives, the Insurance sector is facing a tremendous employee problem. The Nagpur scenario is that there is a heavy crisis of competent employees in the organizations and the average span of a person working in this sector is about two years, which is quite low...
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Insurance in India Overview With largest number of life insurance policies in force in the world, Insurance happens to be a mega opportunity in India. It’s a business growing at the rate of 15-20 per cent annually and presently is of the order of Rs 450 billion...	12 / 3203
Life Insurance industry of India and what people believes about it. Firstly the people should understand what actually the insurance is. “It is a provision which a prudent man makes against the inevitable contingencies, loss or misfortunes and is a form of spreading risk...	2 / 424
Health Insurance Opportunities In India The health insurance market is growing at a healthy pace with the prediction of premium collection exceeding at a rate of 15,000 crore by 2015. Customers have tremendous choice from a large variety of products Customers are offered unbundled products with a variety of benefits as riders from which they can choose...	2 / 314
insurance It was evident that something needed to be done to tap the potential for further growth. With privatization of traditional public sector businesses like banking, power, telecom and airlines gaining momentum in 1991, the Government also realized that the opening up of the insurance sector could lead to enhancement of insurance penetration within the country by leveraging on the rising per capital incomes and rising literacy rates...	1 / 129
icici ICICI Prudential Life Insurance is one of the largest Insurance networks in the country, and 2nd Life Insurance Company in India. The ICICI Group has been in existence since 1955 when ICICI Ltd...	3 / 836
About MetLife India Insurance Company Pvt. Ltd. MetLife India Insurance Company Private Limited was incorporated in India on April 11, 2001 as a joint venture between MetLife International Holdings Inc...	2 / 300
Risk Management In Insurance Industry enterprise risk management; insurance industry; solvency-II; three pillar approach; insurance industry–value drivers; financial risk; operational risks; business risks; committee of sponsoring organizations of the treadway commission; enterprise risk management framework; capital requirement; supervisory review process; asset liability management; risk-based marketing; performance management; external rating The paper is divided into the following sections: The first talks about the types of risks that are present in the insurance business...	1 / 277