Page 4 - Life Insurance Today July - December 2020

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Contents Focus

5 5 5 5 5 The Indian Insurance Industry
Editorial 3 is picking up pace again, after

being stuck in limbo for the past
High - Frequency indicators suggest India's
few months. April saw the hardest hit
Insurance Industry picking up pace on the Insurance Industry, with the
- Jagendra Kumar 5
pandemic-induced lockdown in its
most stringent phase. After a rebound
Advantages of Bancassurance in India in May, the recovery seemed to be
- Paramesh Kumar S 11 losing momentum. In the May-July
period, the reading remained the
Corporate Governance - Current eminent indicators in red. August marked an
challenge in Indian Life Insurance Sector improvement for the first time since
- Anabil Bhattacharya 15 May, with the number of indicators in
the red dropping down.
A Study on Different Insurance Segments
in context with Insurance Penetration
and Insurance Density 30 1111 1111 11 Few decades back insurance
policies were meant for a small
- Swarup Saha & Prof. Ram Prahlad Choudhary
part of public who were
financially strong, or few fortunate
IRDAI Annual Report 2019-2020 excerpts 37 employees in the organised sector.
Today the scenario has completely
changed wherein insurance policies
IRDAI Circular 50
reach every person in almost every
nook and corner of our nation. This
LEGAL (Ombudsman) 55 change in the financial space was
ushered in with the birth of
Statistics 62 bancassurance in India.
15 15 15 15 15 Corporate governance in the

Statistics - Life Insurance 74 life insurance sector in India,
includes the rules, regulations
Term insurance: Splitting your plan can and their implementation that
optimise both cover, cost 76 regulate the way in which the
governance and control of these
insurance companies is performed
LIC News 78 and put into service by them in
practice. The basic requirement of
Private Life News 81 development and implementation of
corporate governance is the
improvement of all of the economic
IRDAI News 85
indicators, primarily the long-term
sustainable development in the
Glossary & Poll 90 interests of the Insurers.

4 July - December 2020 Life Insurance Today