Gone are the days when the Indian consumers had to live with the state owned life Insurance Corporation and the General Insurance Corporation as the only providers of insurance. With the denationalization of insurance industry in 1999, this sector has exhibited enormous potential. It offers a variety of products, thereby enabling the consumers to make a choice suiting their requirements. Insurance has been given ample importance not only in practical life but also constitutes an integral part of the syllabi prescribed for commerce by the Indian Universities. The present book, based on university syllabus, provides a comprehensive and up-to-date picture of the insurance industry. Briefly outlining the origin and working of the insurance industry, the book gives detailed information on life, fire and marine insurances, employees state insurance and personal liability insurance. Life insurance plans, automobile insurance, home insurance, and fidelity insurance have been closely examined. In addition, the book provides an overview of deposit insurance and credit guarantee corporation, and insurance regulatory and development authority. In brief, the present book is a complete study on insurance products and services offered in the present times as well as the regulatory issues. Case studies and illustrated examples are its added distinctive features, which facilitate easy understanding of the topics. Written in a concise and lucid style, the book will be of enormous interest and immense use to college level students of insurance and general management, insurance intermediaries and professionals in the insurance and financial services sector.
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