Passage
Life insurance is largely used
finances, while non - Ebe.coverage is not considered a
as a means to improve
necessity because of lack of awareness. with growing
middle class and rising income, insurance market could
double in size in the ment five to sin
insurance companies are increasingly adopting a strategy
years. Therefore
of deploying multiple distribution networks to increase''
market benetration, and to reach the masses not
Currently served with the growing competition in the
market the companies are facing especially after
liberalization and globalization of the economy due to
vrising middle class and consumer awarness and
greater emphasis on quality companies are finding
that customer is becoming the centre of attention and
the new mantras of success and surnival in the
competitive environment is to retain and enhance
lationship through quality customers service. For this
Customer service, customer care and customer
Culationshifo management are goining added
importance economy. Indian insurance sector in
witnessing dramatic change in terms of a galany of
new pršalucts and service, mew channels of
distribution along with the discernible shift in
consumer preferences. Greater urbanization leading
to increasing job mobility and awarness we
of traditional family structure with the impact f
globalization are becoming visible. In India libet
insurence is largely being driven by the sanings
components of the products as well as the tan sobe
d awarness weakening
provided by the state from time to time. Now, with
obening up of the insurance sector, there are plethora of
life insurance products cuhich cater to the changina
demands of Inalian consumers. The globalization ana
internationalisation of Indian insurance consumer is
Willing and ready to adopt innovative producte
which braniole Lolutions to modern day cancer
However the insurance penetration in anolia is ver
lou 4.8% compared with 8.2% of the world anore
Considering the tremendous scope of the industan
Deivate players are actively participating to get
the market.gist of the paragraph?
Answers
Answer:
Explanation:
ife insurance is largely used
finances, while non - Ebe.coverage is not considered a
as a means to improve
necessity because of lack of awareness. with growing
middle class and rising income, insurance market could
double in size in the ment five to sin
insurance companies are increasingly adopting a strategy
years. Therefore
of deploying multiple distribution networks to increase''
market benetration, and to reach the masses not
Currently served with the growing competition in the
market the companies are facing especially after
liberalization and globalization of the economy due to
vrising middle class and consumer awarness and
greater emphasis on quality companies are finding
that customer is becoming the centre of attention and
the new mantras of success and surnival in the
competitive environment is to retain and enhance
lationship through quality customers service. For this
Customer service, customer care and customer
Culationshifo management are goining added
importance economy. Indian insurance sector in
witnessing dramatic change in terms of a galany of
new pršalucts and service, mew channels of
distribution along with the discernible shift in
consumer preferences. Greater urbanization leading
to increasing job mobility and awarness we
of traditional family structure with the impact f
globalization are becoming visible. In India libet
insurence is largely being driven by the sanings
components of the products as well as the tan sobe
d awarness weakening
provided by the state from time to time. Now, with
obening up of the insurance sector, there are plethora of
life insurance products cuhich cater to the changina
demands of Inalian consumers. The globalization ana
internationalisation of Indian insurance consumer is
Willing and ready to adopt innovative producte
which braniole Lolutions to modern day cancer
However the insurance penetration in anolia is ver
lou 4.8% compared with 8.2% of the world anore
Considering the tremendous scope of the industan
Deivate players are actively participating to get
- the market.gist of the paragraph?