Today’s Issues of Insurance Businesses : Attitudes of Premium Holders, Agents and Insurance Companies with special reference to LICHF

Authors

  • Moses Antony Rajendran Loyola College
  • Alexandru Mircea Nedelea Stefan cel Mare University of Suceava

Keywords:

business, insurance, economy

Abstract

As we are all know that anything which can marketable among the human communities for the money and money related values circulation is also business.  In insurance, fear of  people is made as a business. Of course fear is a risk of human community.  In the world there are around 228 countries are having a their own conditions to establish the nations.  Among the constitutions insurance also is one among them.  India is one of the leading and fast developing countries in the world.  In India, there are 28 states and 7 Union territories.  Every state and union territory has a huge number of populations.  They populations also called customers.  To do any business we need customers.  So, our population is are customers which is important for the domestic goods and services economy.  Thus, the attitudes of the policy holders, agents and insurance companies must be looked for the further development of the insurance business.  In India, there are around 1.25 billion population is there.

Everybody should get a insurance in their risk areas so that it will be and develop the economy in a moral ways.  Risk or poor, need insurance.  In India, rich is becoming richer and poor is going to jail.  Since these kind of attitudes are there it is now showing the justice into the insurance business.  We can also take the insurance systems from the developed countries and implement for our country where there is necessary.  The authors aim is to identify the problem through the treaty.  It is all our observation however the ideas came from also through the texts and notes.   Although there are good things in the insurance business identify the problems is also research which is important to solve the problem for the further improvement.  So, policy holders, agents and insurance companies attitudes must be looked  to identify the problems which will help to get the suggestions and recommendations to improve the insurance business further.

Author Biography

Alexandru Mircea Nedelea, Stefan cel Mare University of Suceava

Alexandru NEDELEA, Ph.D., is an Associate Professor of Marketing at the University Stefan cel Mare of Suceava, Romania. He has written extensively for a wide range of academic and professional audience: Small and Medium Enterprises in Contemporary Society (KMV, Germany), International Tourism: World Geography and Developmental Perspectives (Abhijeet Publications, New Delhi, India), Tourism Marketing (Derc Publishing House, Tewksbury, USA), Knowledge Management Practices, Comparative Tourism Marketing Case Studies (Abhijeet Publications, New Delhi, India). He is editor-in-chief of the journals Ecoforum and Revista de turism 9Journal of Tourism: Studies and Research in Tourism) and member of the editorial board of the journals Amfiteatru Economic (indexed in Thomson Reuters - ISI Web of Knowledge), International Journal of Leisure and Tourism Marketing, Journal of Tourism: An International Research Journal, Tourism Today, World Journal of Ecotourism, Tourism Issues, European Journal of Tourism Research, Environmental Economics. He has been accorded membership in scientific associations like International Association of Scientific Experts in Tourism, International Association on Public and Non Profit Marketing, Romanian Marketing Association, International Network for Research in Consumer Behaviour Studies, Regional Science Association International, World Research Club (WRC), American Society for Public Administration, European Association of Research on Services (RESER), Marketing and Tourism Research Interest Committees - EuroMed Research Business Institute (EMRBI), Centre International de Recherche et d`Etudes Touristiques (CIRET). He is coordinator of Asian Studies Club Romania-China (www.romania-china.ro), Voyage Club (www.clubvoiaj.ro), Bucovina Tourism Marketing Center (www.tourisminbucovina.ro), Volunteer Order (www.ordinulvoluntarilor.ro) and Marketing Club (www.marketingclub.ro)Contact:E-mail: alnedelea(at)yahoo.com Stefan cel Mare University of Suceava, Romania Faculty of Economic Sciences and Public Administration Economy, Business Administration and Tourism Department 720229, Suceava, 13, Universitatii Street Phone: + 40 230 522978 int.297

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Published

30.01.2018

Issue

Vol. 7 No. 1 (2018)

Section

Business Economics, Sustainable Development, Public Administration and Law

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