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@article{161378,
        author = {NAGESH .S.O},
        title = {A STUDY ON ISSUES AND CHALLENGES IN INSURANCE INDUSTRY IN INDIA},
        journal = {International Journal of Innovative Research in Technology},
        year = {},
        volume = {10},
        number = {3},
        pages = {485-491},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=161378},
        abstract = {The potential and performance of the insurance sector is universally assessed with reference to two parameters, viz., insurance penetration and insurance density. These two are often used to determine the level of development of the insurance sector in a country. Insurance penetration is defined  as  the  ratio  of  premium  underwritten  in  a  given  year  to  the  Gross  Domestic  Product (GDP). The insurance penetration in India, which surged consistently till 2016-17, has slipped since 2017-18 on account of slowdown in life insurance premium as compared to the growth rate of the Indian economy. Life insurance penetration had consistently gone up from 2.15 per cent in
2008 to 4.60 in 2016, before slipping to 4.40 per cent in 2017 and further slipping to 3.40 per cent in 2018.
},
        keywords = {INSURANCE, PENETRATION, GDP, GROWTH AND ECONOMY},
        month = {},
        }