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Online Life Insurance Market in India 2015-2019

Online Life Insurance Sector: Forecast until 2019 in India

  • April 2015
  • 78 pages
  • ID: 2911146
In this report:
October 2014: LIC launches unit-linked insurance product with a regulator October 2014: LIC purchases additional stake in Tata Power to reach ##.##% October 2014: LIC hikes its stake from ##.##% to ##.##% in Infosys March 2014: New India Assurance launches a new health insurance plan for families with female children on the occasion of International Women's day October 2013: BSLI announces the launch of a participating traditional plan called BSLI Savings Plan July 2013: New India Assurance launches a new insurance portal for company secretaries February 2013: New India Assurance launches a new division in Madurai and ## new micro offices in Tamil Nadu June 2012: BSLI launches a new whole-life plan called BSLI Wealth Secure March 2011: BSLI announces the launch of BSLI Foresight Plan
The online life insurance market in India is expected to reach ##,##,## units by 2019, growing at a CAGR of ##.##% during the period 2014-2019.

Summary

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Online life insurance products and services

Life insurance policy is a contract between the insurer and the insured, under which for the premiums received, the insurer agrees to pay a sum of money established on the policy conditions. The insurance sector in India (IN) is highly established. Digitization of insurance was, nevertheless, a late development in the area. Insurance policies are mostly classified as traditional and ULIPs. The advances in the internet infrastructure and the growing cost of insurance policies are the main factors that paved way for online life insurance. With public entities including LIC entering the online insurance sector, the credibility of online policies have strengthened. As a result, there have been increase sales as well as renewal of insurance policies via the online medium.

Research firm's analysts estimation the online life insurance sector in India (IN) to grow at a Compound annual growth rate of ~25.4 percent over the time frame 2014-2019.

What is the scope of this report?

This business report contains the current situation and the growth perspectives of the online life insurance sector in India (IN) for the time frame 2015-2019. To calculate the market value, it considers the number of additional life insurance policies sold through the online medium.

Market research firm's report, Online Life Insurance Sector in India 2015-2019, has been produced established on a comprehensive and detailed market studies with data coming from specialists of the sector. The analysis includes the market panorama and its growth expectations in the upcoming years. This study also comprises conversations with top vendors operating in this segment.

Other main sellers

• growth in internet penetration

• For a full, in-depth list, view our market report

Market opportunity

• Compliances with IRDA regulations and web aggregators

• For a full, exhaustive list, view our market report

Market forecast

• rise in consumer awareness

• For a full, in-depth list, view our market report

What are the main questions answered?

• What will the market value be in 2019 and what will the increase rate be?

• What are the key market forecasts?

• What is driving this sector?

• What are the conditions to market growth?

• Who are the main sellers in this market environment?

• What are the opportunities in this industry and segment risks faced by the main vendors?

• What are the forces and weaknesses of the main vendors?

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