Insurance industry in India to reach US$ 400B by 2020

reogma|Insurance industry in India to reach US$ 400B by 2020

The demand for insurance products is likely to increase in account of exponential growth of household savings, purchasing power, middle class, and the country’s working population.

  • Definition / Scope
  • Market Overview
  • Top Market Opportunities
  • Market Drivers
  • Market Restraints
  • Industry Challenges
  • Technology Trends
  • Regulatory Trends
  • Market Size and Forecast
  • Market Outlook
  • Technology Roadmap
  • Distribution Chain Analysis
  • Competitive Landscape
  • Competitive Factors
  • Key Market Players
  • Strategic Conclusion
  • References
  • Appendix

Definition / Scope

Insurance is a contract between insurer (insurance company) and insured (policyholder) which specifies the conditions and circumstances under which the insurer will compensate the insured. The insured in entitled to pay premium to the insurer and in exchange insurer promises to compensate the insured in case insured experiences any loss. Insurance is thus basically a means to hedge against the risk of financial losses.

There are two types of insurance namely life insurance and non- life insurance (general insurance).

  • Life insurance is policy that pays the covered risk amount to the insured or beneficiary upon a certain event such as death of the individual who is insured.
  • General insurance is policy that provides financial protection for building, machinery, equipment, vehicle and merchandise. It also includes fire insurance, marine insurance and miscellaneous insurance.


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The demand for insurance products is likely to increase in account of exponential growth of household savings, purchasing power, middle class, and the country’s working population. Definition / Scope Market Overview Top Market Opportunities Market Drivers Market Restraints Industry Challenges Technology Trends Regulatory Trends Market Size and Forecast Market Outlook […]
reogma|Insurance industry in India to reach US$ 400B by 2020reogma|Insurance industry in India to reach US$ 400B by 2020

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