CHAPTER EIGHTEEN

Insurance Services

Chapter Structure

Section I Basic Concepts

Section II The Insurance Sector—An Overview

Section III Banks and Insurance Services—Bancassurance in India

Section IV The Global Insurance Industry—Opportunities and Challenges

Chapter Summary

Test Your Understanding

Topics for Further Discussion

Key TakeAways From The Chapter
  • Understand the principles on which insurance is based on, and the broad classification of insurance products.
  • Review the past, present and future of insurance sector.
  • Look at the functioning of organizations like LIC, GIC and ECGC.
  • Learn the process of liberalization in the insurance sector and look at new private sector firms.
  • Learn why bancassurance adds value.
SECTION I
BASIC CONCEPTS ...

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