With the entry of many global players and tie-up of Indian finance companies with multinational insurance companies, the Indian insurance sector is making rapid stricles. This book provides an insight into the operational policies, practices and issues relating to the insurance business, with the latest trends in this sector.

Divided into two parts and containing 21 chapters, the book has contributions from experts in their area of specialization.

The first part contains an overview of insurance and its role in the services sector. It also examines the current status of development and future prospects of insurance industry in India, and proceeds to discuss factors affecting selection of life insurance products.

The second part deals in details with rural, social and health insurance. It also covers the Gratuity system and Bancassurance.

The book is intended as a text for postgraduate students of management (Finance specialization), and finance and professionals who have an interest in the increasingly expanding area.About the AuthorNALINI PRAVA TRIPATHY (D.Litt., M.B.A., Utkal University) is Associate Professor, ICFAI Business School, Bhubaneswar. She has teaching and research experience of more than thirteen years. A member of various insurance, commerce and management associations, Dr. Tripathy has participated in various seminars and workshops and also organized many Management Development Programmes.|PRABIR PAL, (PGDM, IIM Calcutta) Director, Regional College of Management, Bhubaneswar, has more than twenty years of experience in teaching and industry. A member of various prestigious professional bodies in India and abroad, Mr. Prabir Pal has also organized a number of seminars and has been engaged in many and varied consultancy assignments.