Insurance in India

A COMPREHENSIVE REPORT

Presented By:
Raj Kumar
Ridhima Jain
Sanjali Jain
Rishabh Katiyar
Siddharth Kumar

Introduction

A promise of compensation for specific potential future losses in exchange for a periodic
payment. Insurance is designed to protect the financial well-being of an individual, company or
other entity in the case of unexpected loss. Agreeing to the terms of an insurance policy
creates a contract between the insured and the insurer.
Examples include motor insurance, life insurance, health insurance etc.
Through this project we seek to explore the prospects of opening a venture in Insurance sector
(especially health insurance)

Steps to open a Health Insurance

Company
Joint Venture as the corporate structure.
The reasons for choosing the same are below:
The stake involved is very high because a minimum paid up equity capital of rupees one
billion is required in case of an applicant, which seeks to carry on the business of life
insurance or general insurance.
As the FDI ceiling has been raised to 49% in the insurance sector this would give our
company exposure to foreign best practices and liquidity to establish at a faster pace in the
market.
A competent promoter would make our market presence more pronounced and give us an
access to better distribution channels.