Privatization and its Impact on Indian Insurance Sector: A Legal Study

dc.contributor.advisor	Hussain, Ishrat
dc.date.accessioned	2021-07-16T09:32:19Z
dc.date.available	2021-07-16T09:32:19Z
dc.date.submitted	2020-08-19
dc.identifier.uri	http://10.4.8.224/xmlui/handle/123456789/293
dc.description	Life Insurance Corporation of India and General Insurance Corporation along with its subsidiaries were sole players in Insurance business in India; it was only after privatisation the public sector insurance company faced competition in Insurance business. Opening up of the financial sector is one of the financial reforms which the government was to implement as an integral part of structural reforms and stabilization process of the economy. Insurance has a very important role in this reform process. The opening of the insurance market to private players and a conversion of a monopolistic market to a liberalized one has transferred the insurance industry in India totally. The insurance industry in India is now facing tremendous competition when many of the private sector insurance companies have entered in the insurance business. In these circumstances an attempt has been made to study the impact of privatization on insurance industry in India. The present study evaluates the current situation of general insurance sector in India. This study is basically intended to analyse the growth of insurance sector in India during the post privatisation period. Meanwhile the study focuses on financial performance of private and public insurers before and after privatisation, to draw conclusion and make suggestions for enhancing the present status of insurance companies in India. The study is basically descriptive in nature and it is based on secondary data collected from the reports published by IRDA, LIC, GIC and other journals and articles	en_US
dc.format.mimetype	application/pdf	en_US
dc.language.iso	eng	en_US
dc.source	National Law University and Judicial Academy, Assam	en_US
dc.source.uri	http://www.nluassam.ac.in/	en_US
dc.subject	Insurance	en_US
dc.title	Privatization and its Impact on Indian Insurance Sector: A Legal Study	en_US
dc.type	text	en_US
dc.rights.accessRights	open	en_US
dc.description.searchVisibility	true	en_US
dc.creator.researcher	Paul, Tanay
dc.publisher.institution	National Law University and Judicial Academy, Assam	en_US
dc.publisher.department	Law Department	en_US
lrmi.educationalUse	research	en_US