A Study on the Market Potential of Insurance for Students in Unaided Schools (with Specific Focus to Coimbatore, India)

Posted: 10 Mar 2010

See all articles by J. Vaishnavi

J. Vaishnavi

affiliation not provided to SSRN

Devanathan Sevilimedu Veeravalli

Srimad Andavan College of Arts and Science

Date Written: March 10, 2010

Abstract

After privatization, deregulation and de-tariffing the growth of insurance industry in India is spectacular. Education industry is projected as a new target with huge potential for insurers. The Supreme Court delivered a verdict ordering mandatory fire policy and group accident protection policy to be availed by the educational institutions against a public interest litigation filed by one Mr. Avinash Mehrothra as the backlash of the fire accident at Sri Krishna Girl’s High school, Kumbakonam, Tamil Nadu, India, where 94 young kids were torched due to negligence. This study attempts to assess the potential of the above insurance in the schools of Coimbatore unaided or not financed by the Government or Government agencies in India and the findings are presented in this article.

Keywords: Insurance, group insurance, IRDA, risk coverage, claims, documentation, student’s insurance

Suggested Citation

Vaishnavi, J. and Veeravalli, Devanathan Sevilimedu, A Study on the Market Potential of Insurance for Students in Unaided Schools (with Specific Focus to Coimbatore, India) (March 10, 2010). Available at SSRN: https://ssrn.com/abstract=1567745

J. Vaishnavi

affiliation not provided to SSRN

Devanathan Sevilimedu Veeravalli (Contact Author)

Srimad Andavan College of Arts and Science ( email )

Tiruchirappalli
Trichy, Tamilnadu, India, Tamil Nadu 620005
India

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