Life Insurance in India: Opportunities, Challenges and Strategic Perspective by Dr Sadhak is a pioneering work on Indian Life Insurance Industry with a new perspective. The book is a culmination result of research and practical experience for a number of years by an internationally acknowledged fi nancial economist and practicing manager with proactive and visionary thoughts. The book has been written in the context of Globalization, Economic Reforms and Liberalization of Indian insurance and capital markets and overall fi nancial sectors. The scope and dynamics of growth of Indian Life Insurance Industry has been discussed in the light of changes in macro economic environment, demographic transition, changing market structure, changing product-market relationship, emerging convergence in fi nancial markets, etc. Dr Sadhak has also focussed on certain critical issues like Strategic Planning and Market Research, Change in Management Systems dealing with distribution and customers expectation with futuristic perspectives which, I think, would provide immensely helpful guidance to the practicing managers.
Tarun Das,
ADB Adviser, Fiscal Management and Strategic Planning,
Ministry of Finance, Government of Mongolia; Former
Economic Adviser, Ministry of Finance and Planning
Commission, Government of India
This first-of-its-kind book reflects on life insurance in the current context of globalization and economic reforms and traces the interdependence of life insurance and macro-economic factors. It focuses on structural change, market potential and emerging challenges for the Indian Life Insurance industry and also covers the global life insurance industry, regulatory regime, and market friendly practices abroad. Thus it provides a powerful insight into emerging trends in the Life Insurance industry as a whole.
Life Insurance in India: Opportunities, Challenges and Strategic Perspective presents a detailed analysis of several strategic and managerial issues such as product-market relationship, distribution, marketing strategies and funds management, and focuses specially on the changing contours of risk management in life insurance. Primary concerns for the post-liberalized industry like structural changes in economy and financial sectors, information explosion, need for competitive management efficiency, etc., have been discussed with suggestive guidelines.
A supplement on analysis of macro economic indicators and their impact on stock market investment make this book a ready manual for any practicing manager. Apart from the general reader, it will also be very useful for regulators and students of Insurance Management and training programmes of Life Insurance companies.

Table of Contents

• Foreword T S VIJAYAN
• Preface
• Globalization, Liberalization of Financial Markets and Life Insurance
• Reforms and Emerging Economic and Financial Environment in India
• Indian Life Insurance?changing Market Structure and Emerging Opportunities
• Product-Market Relationship and Distribution in Convergent Financial Market
• Managing Life Insurance Investment
• Issues in Life Insurance Governance
• Managing Change and Challenges
• Bibliography
• Index