Authors :
Lt Kamarlaila S
Volume/Issue :
Volume 9 - 2024, Issue 5 - May
Google Scholar :
https://tinyurl.com/3wx948dr
Scribd :
https://tinyurl.com/3sxeutja
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24MAY007
Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.
Abstract :
This research paper explores recent trends in
the life insurance industry, focusing on innovations,
challenges, and implications for insurers, consumers, and
regulators. Drawing on a comprehensive review of
literature, market analysis, and industry reports, the
paper examines key trends shaping the landscape of life
insurance in the digital age. It highlights the impact of
technological advancements, changing consumer
preferences, regulatory developments, and demographic
shifts on product design, distribution channels,
underwriting practices, and risk management strategies.
The paper also discusses emerging opportunities and
challenges for life insurers in addressing the evolving
needs and expectations of customers, enhancing
operational efficiency, and navigating regulatory
complexities. Through a critical analysis of recent trends,
the paper aims to provide insights into the future
direction of the life insurance industry and inform
stakeholders about potential strategies for sustainable
growth and innovation.
References :
- Bhat, Ramesh. "Insurance Industry in India: Structure, Performance, and Future Challenges." VIKALP Volume 30, no. Number 3 (July-September 2005): 93-119.
- Das, Mihir, Lalremtluangi C, Snimer Atwal, and Supriya Thapar. "A Study on Ris-return Characteristics of Life Insurance Policies." In Emerging Financial Markets, by R Nandagopal and V Srividya, 61-84. New Delhi: Excel Books, 2007.
- Hindustan Times. "Insurers working on new ULIPs." April 18, 2010.
- IMS Proschool. Risk Management and Insurance Planning. New Delhi: Tata McGraw Hill Educations Private Limited, 2012.
- IRDA. Annual Report 2022-23. Delhi: Insurance Regulatory and Development Authority, India, 202. IRDA. Annual Report 2023-24. Hyderabad: Insurance Regulatory and Development Authority of India, 176. J. Hari Narayan, IRDA Chairman.
- Hari Narayan, IRDA Chairman. Hand Book on Indian Insurance Statistics 2022-23. Hand Book, Happening Industry. Indore: Medi-Caps Institute of Technology and Management, April 22-23, Offered By LIC And ICICI Prudential." Indian Journal of Marketing, August 2009:
- Khurana, Ashok. "Hybrid Pension Funds: A Comarative Analysis of the Plans of the Leading Private Life Insurers." Insurance (The ICFAI University Press), April 2009: 51-58.
- Kokatnur, Shilpa S. "Consumers' Perception of Private Brands: An Empirical Examination." Indian
This research paper explores recent trends in
the life insurance industry, focusing on innovations,
challenges, and implications for insurers, consumers, and
regulators. Drawing on a comprehensive review of
literature, market analysis, and industry reports, the
paper examines key trends shaping the landscape of life
insurance in the digital age. It highlights the impact of
technological advancements, changing consumer
preferences, regulatory developments, and demographic
shifts on product design, distribution channels,
underwriting practices, and risk management strategies.
The paper also discusses emerging opportunities and
challenges for life insurers in addressing the evolving
needs and expectations of customers, enhancing
operational efficiency, and navigating regulatory
complexities. Through a critical analysis of recent trends,
the paper aims to provide insights into the future
direction of the life insurance industry and inform
stakeholders about potential strategies for sustainable
growth and innovation.