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e of ethics for the insurance industry, in cooperation with the Insurance Federation of Egypt and the General Authority for Financial Supervision.

Expanding insurance services nationwide by establishing branches of public and private insurance companies. New companies may not be approved unless they have plans for presence in Upper and Lower Egypt.

Enhance the regional presence of Egyptian insurance companies in Arab, Asian and Gulf countries.

Insurance companies to work on diversifying their investments in different and multi-risk and return instruments; including all types of bonds, shares, long term investments and deposits.

Continuous development of experience and human resources in the sector as well as new experiences for Egyptians working abroad.

PEST ANALYSIS

POLITICAL

Within India political ambitions and rise of communalism, fissiparous tendencies are on the rise and may well continue for quite some time to time. Therefore, it expected that the insurance companies might consider offering political risk coverage also. The only area where Indian insurers consider giving cover is with regard to customs duty change under certain conditions. Certain type of political risk at the international level has serious implications for exporters. The term 'political risk' has a wider connotation than commonly understood or assumed. It covers events arising not just from politics, but risks in the course of international transactions. In this connection, it may be noted that export credit insurance has evolved out of uncertainties relating to international trade, particularly due to problems arising out of foreign legal jurisdiction, political changes and currency exchange difficulties faced by many developing countries.

Prohibition for Investment: -

The funds of policyholders are prohibited from being directly / indirectly invested outside India as per section 27 - C.

Manner and conditions of investment

Subject to the above provisions contained in Section 27 -/ 27- A / 27 B, the IRDA may,

In the interest of the policyholders, specify the time, manner and other conditions of investment by insurer.

Give specific directions applicable to all insurers for the time, manner and other conditions subject to which the policyholder's funds should be invested in the infrastructure and social sectors.

After taking into account the nature of business and to protect the interest of the policyholders, issue directions to insurers relating to time, manner and other conditions of the investments provided the latter are given a reasonable opportunity of being heard.

Insurance business in rural / social sector: -

All insurers are required to undertake such percentage of their insurance business, including insurance for crops, in the rural social sector as specified by the IRDA. They should discharge their obligations to providing life insurance policies to persons residing in the rural sector, workers in the unorganized sector or to economically vulnerable classes of society and other categories of persons as specified by the IRDA.

ECONOMICAL FACTORS

Interest rate at bank and interest rate of P.F variation very much affect to life insurance industry, because people always attract by higher