Reasons to buy - Develop business strategies by identifying the key market categories and segments poised for strong growth.
There are public and private firms operating within India's insurance market with state-owned LIC is the leading player in the Indian life insurance market, generating a An effective organization is essential to share information and effectively execute the managerial decisions.
The company offers endowment plans, money back plans, term assurance plans, pension plans, special plans, unit plans, group schemes, child plans, and health insurance plans.
Volatility in global financial markets may affect Indian equity and debt market performance Global financial markets have been volatile since the onset of subprime crisis.
The group generates core revenues through four operating business divisions: individual assurance Increasing deficit prompts the government of India GOI to extract higher returns from its investments in LIC and other partly or fully owned entities. Thus it enjoys economies of scale benefits.
Organizational Structure of LIC The organization is the form having independent or co-ordinated parts for unit action for the accomplishment of common objectives. Data from toforecast forward for 7 years to Concept of Insurance Loss of Human life means loss of income.
Commission Expenses 2.
The insurance company needs to protect the company from the claims litigations of the clients by defending the claims in the courts and supervise other alternative dispute resolutions.