International Research Journal of Business Studies (E-Journal)
Vol 13, No 2 (2020): August-November 2020

Role of Insurance Sector on Inclusive Growth in India

Debabrata Jana (Bankura Sammilani College, T.G.Samanta Road, Kenduadihi, Bankura, West Bengal 722102)



Article Info

Publish Date
23 Dec 2020

Abstract

In the present era insurance sector plays a vital role in both developed and developing countries. Insurance markets working as a financial intermediary to contribute economic growth of the country as well as risk management more efficiently.  The purpose of the study is to investigate the relationship between insurance sector development and economic growth in India.  For this study, data has been collected only from the secondary sources for the period 2000 to 2019. To run linear regression, four variables are taken viz. GDP as a surrogate of economic growth and Real Premium Growth Rate, Total Investment in Insurance Sector and Insurance Claim. Finally, it can be suggested that more attention in the insurance market is to be paid so that proper economic growth will be possible in the developing country in India.Keywords: Insurance, Premium, Claim, Investment, GDP.* Bankura Sammilani College, T.G.Samanta Road, Kenduadihi, Bankura, West Bengal 722102, India  ttps://doi.org/10.21632/irjbs.13.2.139-147

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Journal Info

Abbrev

jurnalirjbs

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

International Research Journal of Business Studies (IRJBS), with registered number ISSN 2089-6271 (Print) and ISSN 2338-4565 (Online), is an open access and peer-reviewed scientific journal published by Prasetiya Mulya Publishing, Universitas Prasetiya Mulya. IRJBS published three times a year ...