Life Insurance: Pros and Cons in the Indian Economic Scenario

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, Somnath Datta; Dr. Abhijaat Sahu

Life Insurance: Pros and Cons in the Indian Economic Scenario

Authors: , Somnath Datta, Dr. Abhijaat Sahu

Unique Paper ID: 179573
Volume: 11
Issue: 12
PageNo: 6901-6903

Keywords: No Keywords Found

Abstract:
Life insurance plays a crucial role in financial planning, security, and socio-economic development. In the Indian context, it is not merely a financial product but also a cultural and psychological assurance of protection against uncertainty. This article evaluates the pros and cons of life insurance in the Indian economic scenario, considering factors such as market dynamics, regulatory framework, consumer awareness, technological advancements, and the socio-economic landscape. By analyzing current trends and policy structures, the article attempts to present a balanced perspective on how life insurance serves individuals and the nation while highlighting areas that require systemic improvements.

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Cite This Article

ISSN: 2349-6002
Volume: 11
Issue: 12
PageNo: 6901-6903

Life Insurance: Pros and Cons in the Indian Economic Scenario

Available:https://ijirt.org/article?manuscript=179573

20 Feb, 2025

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