Rural Life Insurance in Post Reform Era in India: Growth and Opportunities

International Journal of Rural Development and Management Studies, Vol. 3, No. 2, December 2009

17 Pages Posted: 15 Jul 2010

See all articles by Dr. Debabrata Mitra

Dr. Debabrata Mitra

North Bengal University

Dr. Amlan Ghosh

NIT Durgapur, India; IBS Hyderabad; Sikkim University

Date Written: December 2009

Abstract

Life insurance is of paramount importance for protecting human lives against accidents, causalities and other types of risks. Life insurance has been dominated by public sector in India; however, with the liberalization of Indian economy, private sector entry in life insurance has got momentum. The public sector Insurance Companies, particularly, LIC of India has emphasized on exploiting the potential of rural India as it provides immense scope even in the post globalized era.

The paper highlights emerging trends and patterns in Indian insurance business during post globalized era. It also focuses on the role of private partners in life insurance in India.

JEL Classification: G, F, E

Suggested Citation

Mitra, Dr. Debabrata and Ghosh, Dr. Amlan, Rural Life Insurance in Post Reform Era in India: Growth and Opportunities (December 2009). International Journal of Rural Development and Management Studies, Vol. 3, No. 2, December 2009, Available at SSRN: https://ssrn.com/abstract=1639530

Dr. Debabrata Mitra

North Bengal University

Dr. Amlan Ghosh (Contact Author)

NIT Durgapur, India ( email )

Durgapur
India

IBS Hyderabad ( email )

Donthanapally
Shankarapalli Road
Hyderabad, TX 501203
India

Sikkim University ( email )

6th Mile
Gangtok, 737102
India

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