Life insurance is a contract whereby, for an agreed payment (premium), the insuring company agrees to pay the insured, or his beneficiaries, a fixed sum or an income upon the death of the insured.In addition, life insurance can be used as a means of investment or savings.
INDUSTRY BACKGROUND
The mutual fund industry started in India in a small way with the UTI Act creating what was effectively a small savings division within the RBI. Over a period of 25 years this grew fairly successfully and gave investors a good return, and therefore in 1989, as the next logical [...]
more→INTRODUCTION
In recent years, rural markets of India have acquired significance, as the overall growth of the Indian economy has resulted into substantial increase in the purchasing power of the rural communities. On account of green revolution, the rural areas are consuming a large quantity of industrial and urban manufactured products. In this context, a [...]
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