International Journal of Management, IT and Engineering
Year : 2019, Volume : 9, Issue : 2
First page : ( 241) Last page : ( 250)
Online ISSN : 2249-0558.

An analytical study of privatisation in Indian insurance sector

Dr. Jose S. V. Silbert

Assistant Professor, Mar Ivanios College, Thiruvananthapuram

Online published on 24 October, 2019.

Abstract

The study seek to ravel the privatization of insurance sector in Indian scenario and also drafted the pros and corns of this conglomerate to evaluate the insurance on health, vehicle and wealth on an one set go process of the protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. privatization is the process of transferring ownership of a business, enterprise, agency, public service or public property from the public sector (a government) to the private sector, either to a business that operate for a profit or to a non-profit organization insurance in India refers to the market for insurance in India which covers both the public and private sector organizations. It is listed in the Constitution of India in the Seventh Schedule as a Union List subject, meaning it can only be legislated by the Central government.

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Keywords

Privatization, insurance, union list, constitution, central government, Enterprise, ownership, contingent.

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