Research Journal of Economics & Business Studies - RJEBS - The ...

More documents

Recommendations

Info

The Self-Help Group members get income by way of interest every year. A part of this amount can be utilized by the members for buying insurance products because they are prone to various risks. The following Table shows information on the growth rate and market share of microinsurance agents appointed by the life insurers during 2006-07 to 2009-10. With the notification of IRDA (Micro-insurance) Regulations, 2005 by the Regulator, there has been a steady growth in the design of products catering to the needs of the poor and under-privileged. As the concept of micro insurance agent is new as per the IRDA’s Regulations in 2005, only the information for four years is considered. The number of micro insurance agents as on 31 st March, 2010 was 8,676, of which 7,906 were for the LIC and 770 for the private sector companies. The number of micro insurance agents is increased by 6.62 times in the insurance industry, i.e. 6.42 times in LIC and 9.75 times in the private sector. It shows a significant increase in the number of micro insurance agents in the industry. LIC contributed to a greater extent to this increase. But, the response with regard to the sale of micro insurance products by the private sector is not up to the mark. It is marginal and meant only for fulfilling the regulatory obligations. GROWTH RATE AND MARKET SHARE OF MICRO-INSURANCE AGENTS OF LIFE INSURERS DURING 2007-08 TO 2009-10 (in Percentage) Year LIC Private Sector Total Amount % Amount % Amount % 2006-07 1,232 93.97 79 6.03 1311 100.00 2007-08 4,166 90.88 418 9.12 4,584 100.00 (238.15) (429.11) (249.65) 2008-09 6,647 91.68 603 8.32 7,250 100.00 (59.55) (44.26) 2009-10 7,906 91.12 770 (18.94) (27.69) Note: Figures in brackets are annual growth rate percentage % indicates market share of the insurers Source: Compiled from the Annual Reports of IRDA (58.16) 8.88 8,676 (19.67) 100.00 Conclusion: In most of the villages send their children to the school as mid-meal is provided to those who are enrolled in the school. The agricultural laborers are every-day earners. Therefore, the rural people are will to pay insurance premium on a monthly basis. Particularly, health insurance schemes are to be made known and introduced in rural areas. Unnatural death also provides an opportunity for insurance penetration, health insurance, in rural India. The insurance companies have to be providing various insurance schemes for the coverage of land, cattle and sheep, which will provide a safety for rural insurers. As a matter of fact risk point of view rural people having much more risk than urban. The main reason is that medical facilities are very low than city living people. Hence, the insurance companies will be providing various schemes under the coverage of various risks with very low premium. And premium can be collected according to the convenience of agricultural laborers. To create awareness programmes among the rural population efforts are to be taken by the insurance corporation. It is therefore, the insurance companies arrangements will be made for selling their products in the rural areas both in life and non-life sectors. Finally, the insurance companies are having enough opportunities for insurance penetration in rural areas. www.theinternationaljournal.org > RJEBS: Volume: 02, Number: 06, April-2013 Page 14
References: 1. By P.Raja Babu, Dr.TN.Murthy, Rizwana; Performance Evaluation: Ways for winning confidence, The ICFAI Journal of Risk and Insurance, volume-April/2009. 2. Mrinalini Shah and Shweta Dixit, ‘Distribution Channels for Incumbent Rural Insurance Industry Confidence’, The Journal of Risk & Insurance, The ICFAI University Press, Vol.VI. No: 3&4, July-October, 2009. 3. Murthy, T.N., Raja Babu, P. and Riswana Ansari, ‘Performance Evaluation of LIC: Ways of Winning Confidence’, The Journal of Risk & Insurance, The ICFAI University Press, Vol.VI. No:2, April, 2009. 4. Pranav Prashad, ‘Catalyst for Financial Inclusion – Insurance in the Rural and Social Sector’, IRDA Journal, April, 2009. 5. Priya Kapoor, ‘Same Protection, Lower Premiums’, The Economic Times, December 20, 2010. 6. Rajan, R.V., ‘Covering the Countryside – Opportunities and Issues in Rural Insurance’, IRDA Journal, September, 2003. 7. Arman Oza, “Importance of Delivery Mechanism – Role in Micro-Insurance”, IRDA Journal, December, 2006, p.8. 8. www.irda.org. 9. Annual Report of LIC 2008-2009. www.theinternationaljournal.org > RJEBS: Volume: 02, Number: 06, April-2013 Page 15
Page 2 and 3: Table of Contents Articles PERFORMA
Page 4 and 5: servicing, and the policies not mee
Page 8 and 9: Are female workers more productive
Page 10 and 11: For the purpose of including explan
Page 12 and 13: several different, competing logist
Page 14 and 15: Fisher, R.T. (2001), “Role stress
Page 16 and 17: A Comparative Study of NPA of State
Page 18 and 19: processes. Instead of fixing target
Page 20 and 21: Agriculture Crisis and Sustainable
Page 22 and 23: Table 1. World Cereal production ,
Page 24 and 25: Expanding biofuel production The ex
Page 26 and 27: percent of the world’s population
Page 28 and 29: OECD (Organisation for Economic Co-
Page 30 and 31: It can provide the earnings needed
Page 32 and 33: The incubator will also work toward
Page 34 and 35: factor. This is not an easy proposi
Page 36 and 37: ROLE OF LOCAL SELF GOVERNMENT IN LE
Page 38 and 39: During the last season red onion fa
Page 40 and 41: Table Mch2 Coef. Std. Err Z P>/Z/ A
Page 42 and 43: lack of capital. The local farmer o
Page 44 and 45: It may be seen that alleviation of
Page 46 and 47: Table - 2 Progress under Bharat Nir
Page 48 and 49: References Chandrasekhar, B P., et
Page 50 and 51: existing cooperative legislation, r
Page 52 and 53: 1.3 THE RESEARCH QUESTIONS 1. What
Page 54 and 55: Table 2: Earnings and Cost Allocati
Page 56 and 57:
have an adequate amount of capital
Page 58 and 59:
programs and the union was doing on
Page 60 and 61:
total assets to other key areas, it
Page 62 and 63:
esponded by (7.6%) of the members.
Page 64 and 65:
management; Gohe cooperatives savin
Page 66 and 67:
Significance of asset quality of St
Page 68 and 69:
iii) iv) Doubtful Assets:- a) Doubt
Page 70 and 71:
atios and solvency ratios are taken
Page 72 and 73:
Ratio of around 3% during 2007-08,
Page 74 and 75:
sufficient to draw an inference in
Page 76 and 77:
The observed R 2 and F statistics m
Page 78 and 79:
Board Composition, Ownership Struct
Page 80 and 81:
size as well. During our study it w
Page 82 and 83:
standards prevailing in the country
Page 84 and 85:
The procedure produces two tests of
Page 86 and 87:
hoc test for pair wise comparisons
Page 88 and 89:
e said that the board size affects
Page 90 and 91:
high-tech small and medium-sized en
Page 92 and 93:
Table no.8 - Multiple Comparisons T
Page 94 and 95:
Abstract Corporate Social Responsib
Page 96 and 97:
the participation of various level
Page 98 and 99:
Supplier Relations As stakeholders
Page 100 and 101:
CSR initiatives of companies should
Page 102 and 103:
Corporate Social Responsibility Pra
Page 104 and 105:
2011, this district received surplu
Page 106 and 107:
In the case of marginal farmers and
Page 108 and 109:
Findings From the above analysis it
Page 110 and 111:
2. Innovation: Meaning and Dimensio
Page 112 and 113:
data appropriately. Inferences were
Page 114 and 115:
The regression analyses as shown in
Page 116 and 117:
Role of Self-help Group in Socio-ec
Page 118 and 119:
10% for women and men respectively
Page 120 and 121:
MoRD has been constantly reviewing
Page 122 and 123:
76.6% units were found to be existi
Page 124 and 125:
10.Timely release of adequate loans
Page 126 and 127:
Standard of living of Rural Fisher
Page 128 and 129:
Table 1 denotes the infrastructure
Page 130 and 131:
FISHING METHODS USED BY DIFFERENT A
Page 132 and 133:
CONCLUSION Most of the fisher folk
Page 134 and 135:
Objectives: The following objective
Page 136 and 137:
Policies of the Government will hav
Page 138 and 139:
Wastage Schedule (Onion) Sl.No. Pri
Page 140 and 141:
At the end of 2008 the entire world
Page 142:
Conclusion: 9. The inflation can be
show all

Research Journal of Economics & Business Studies - RJEBS - The ...

Create successful ePaper yourself

Delete template?

Save as template?