摘要:本文系统的描述了印度各个商业银行的发展历史,十分具有参考价值,各商业银行的作用不限于普通银行业务,也包括:发行纸币,可以通过电汇,电子转帐处理,互联网银行或者其他手段支付。
t in insurance.
Source of earning foreign exchange- Insurance is an international business. The country can earn foreign exchange by way of issue of marine insurance policies and various other ways.
Risk Free trade- Insurance promotes exports insurance, which makes the foreign trade risk free with the help of different types of policies under marine insurance cover.
Characteristics of Insurance
Sharing of risk
Co-operative device
Evaluation of risk
Payment on happening of special event
The amount of payment depends on the nature of losses incurred
OPENING OF INSURNACE SECTOR INSURANCE INDIA
The Union Govt. of India decided to open the insurance sector to make it more dynamic and customer friendly.
Objective of Liberalization of Insurance
The main objective for the opening up the insurance sector to the private insures as under.
To provide better coverage to the India citizens.
To augment the flow of long term financial resources to finance the growth of infrastructure.
Insurance Industry in the year 2000-2001 had 16 new entrants, namely Life Insurers.
Insurance Regulatory and Development Authority (IRDA) Act
The Insurance Regulatory and Development Authority Act was introduced to end the monopoly of State-owned companies and to invest in the Insurance.
Regulatory Authority power to control the insurance sector.
Reforms of Insurance sector in India
In 1993, Malhotra Committee, headed by former Finance Secretary and RBI Governor R. N. Malhotra, was formed to evaluate the Indian insurance industry and recommend its future direction. The Malhotra committee was set up with the objective of complementing the reforms initiated in the financial sector. The reforms were aimed at “creating a more efficient and competitive financial system suitable for the requirements of the economy keeping in mind the structural changes currently underway and recognizing that insurance is an important part of the overall financial system where it was necessary to address the need for similar reforms…” In 1994, the committee submitted the report and some of the key recommendations included:
About the various player of life insurance sector
Since being set up as an independent statutory body the IRDA has put in a framework of globally compatible regulations. In the private sector 12 life insurance and 6 general insurance companies have been registered than after remaining companies are registered. Here we have described the private life insurance companies registered in which year wise.
PEST ANALYSIS OF INSURANCE SECTOR
POLITICAL FACTORS
Within India political ambitions and rise of communalism, fissiparoustendencies are on the rise and may well continue for quite some time to time.Therefore, it expected that the insurance companies might consider offering politicalrisk coverage also. The only area where Indian insurers consider giving cover is withregard to customs duty change under certain conditions.Certain type of political risk at the international level has serious implicationsfor exporters. The term ‘political risk' has a wider connotation than commonlyunderstood or assumed. It covers event
本论文由英语论文网提供整理,提供论文代写,英语论文代写,代写论文,代写英语论文,代写留学生论文,代写英文论文,留学生论文代写相关核心关键词搜索。