Life Insurance

17 Pages 4157 Words

ating customers and prospects on a case ¡V by ¡V case basis with respect to the policies which would best suit them, and the advantages thereof.

The Major Players in the Indian Life insurance industry include:

ħ Life Insurance Corporation of India
ħ ICICI Prudential Life Insurance
ħ Birla Sun Life Insurance Company Limited
ħ HDFC - Standard Life Insurance
ħ Max New York Life
ħ SBI Life
ħ Allianz Bajaj Life Insurance Co. Ltd.
ħ Aviva Insurance
ħ ING Vysya Life Insurance
ħ MetLife Insurance
ħ OM Kotak Mahindra Life Insurance
ħ Tata AIG Life Insurance Company
Emerging trends in the Indian Life Insurance Market:
In a country of over 1 billion people, Life Insurance premium until very recently formed only 1.8% of GDP. Way back in 1999, the CII sub ¡V committee on distribution and intermediaries had estimated that Life Insurance premium in the country would increase to Rs. 60, 000 crores by 2005 and cross Rs. 1, 40, 000 crore by 2010. In fact, it¡¦s in recognition of this huge potential of ...