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To Study the Reasons of Salaried People taking up Insurance Services

Rs. 500.00

The Insurance sector has a long history in India. It began in the early years of the 19th century. The first legal enactment was made in 1870. The first Indian Insurance Act was passed in 1938 and amended in 1950, when it was nationalized. However, the sector was once again thrown open to the private sector in December1999, followed by the establishment of the Insurance Regulatory and Development Authority (IRDA) in April 2000.
Though the Insurance Sector is now being opened up for private players as a consequence of the new liberalization policies of the Government, the existing government owned Insurance companies will, nevertheless, continue to be in the government sector. These existing companies will, however, have to strive for better realization of their corporate objectives and goals to meet the demands and expectations of the public.
Quality of service and product that an industry offers, must move forward with progress in the state of the economy. As the quantum and quality of service change over time, the levels at which customers continue to remain satisfied with the services provided, also keep on increasing. Ultimately, the success of any industry depends upon its positioning in the state of economy and on meeting the expectations of the service users.
With competition, the performance level of individual companies is expected to increase. Segmentation is taking place within the economy with a need for socially responsive service sector.
The insurance was in private hands before 1971 and was nationalized in 1972 with all private companies merged into General Insurance Corporation of India as the parent company with four subsidiaries as National Insurance Company Ltd. with Head Office at Calcutta, New India Assurance Company Ltd. with Head Office at Bombay, Oriental Insurance Company Ltd. with Head Office at New Delhi and United India Insurance Company Ltd. with Head Office at Madras.
In 1993 the need for Private Insurance Companies and Multinational Companies was felt and beginning of liberalization process started.

Number of Pages of Project Report: 58
Package Includes: Project Report
Project Format: Document (.doc)

Table of Contents of Project Report:
1. Objective
2. Hypothesis
3. Introduction
4. Research Methodology
5. Format of Questionnaire
6. Data Analysis & Interpretation
7. Conclusion
8. Privatization of Insurance Sector
9. Questionnaire

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