Gd Topics
CONTENTS: 1. Future of rural insurance in India. 2. Dividend policy and its effect on value of the firm. 3. Indian Banking System “Current trends and future roadmaps”. 4. Challenges in growing financial markets. 5. Mutual funds. 6. Future of retail banking. 7. Challenges and solutions for Indian public sector banks from financial crisis. 8. Microfinance. 9. Wealth management. 10. Financial risk in IT industry. 11. FDI in Indian defence sector. 12. Global financial crisis and its impact on India. 13. Life insurance and its importance in India. 14. Are we ready for next bubble burst?
1. Future of Rural Insurance in India
The rural market in India, constituting 742 million people, is by far the largest potential market in the world. The annual rural household income of Rs 56,630 (as per NCAER, IMDR 2002) coupled with changing rural aspirations in consumption patterns and lifestyles unfold tremendous opportunities for rural marketing. However, some of the issues that seem to be hindering large-scale advent in the rural markets are lack of understanding of rural customer, inadequate data on rural markets, poor infrastructure, low levels of literacy and poor reach of mass media.
The insurance market in India, liberalised in 2000 with the advent of private insurance companies in November 2000 has not expanded in real terms beyond the urban domain.
There exists a vast potential in the rural areas where more than 70% of our population lives. But it is common perception and belief amongst the insurance companies that it is expensive to do business in rural areas. Most companies are focusing only on meeting regulatory requirements from rural areas and don’t see them as commercially viable rural business opportunities, waiting to be exploited.
According to the research conducted by FORTE (Foundation of Research, Training & Education in Insurance), it was found that rural market has become attractive for
1. Future of Rural Insurance in India
The rural market in India, constituting 742 million people, is by far the largest potential market in the world. The annual rural household income of Rs 56,630 (as per NCAER, IMDR 2002) coupled with changing rural aspirations in consumption patterns and lifestyles unfold tremendous opportunities for rural marketing. However, some of the issues that seem to be hindering large-scale advent in the rural markets are lack of understanding of rural customer, inadequate data on rural markets, poor infrastructure, low levels of literacy and poor reach of mass media.
The insurance market in India, liberalised in 2000 with the advent of private insurance companies in November 2000 has not expanded in real terms beyond the urban domain.
There exists a vast potential in the rural areas where more than 70% of our population lives. But it is common perception and belief amongst the insurance companies that it is expensive to do business in rural areas. Most companies are focusing only on meeting regulatory requirements from rural areas and don’t see them as commercially viable rural business opportunities, waiting to be exploited.
According to the research conducted by FORTE (Foundation of Research, Training & Education in Insurance), it was found that rural market has become attractive for