Open Access Journal

ISSN : 2394-6849 (Online)

International Journal of Engineering Research in Electronics and Communication Engineering(IJERECE)

Monthly Journal for Electronics and Communication Engineering

Open Access Journal

International Journal of Science Engineering and Management (IJSEM)

Monthly Journal for Science Engineering and Management
Call For Paper : Vol. 9, Issue 6 2022

ISSN : 2456-1304 (Online)

Impact of Coronavirus on Insurance sector in India

Author : Kamalpreet Kaur 1 Anil Chandhok 2

Date of Publication :16th March 2022

Abstract: The COVID-19 pandemic and lockdown have impacted practically every industry and sector in the world, including the coverage quarter, which contributes significantly to the country's GDP and financial development. After the year 2000, India's insurance industry had a significant increase, and it's now separated into two main categories: life insurance and non-existence insurance. Each industry is governed by the Insurance Regulatory Development Authority of India (IRDAI). The insurance industry aims to protect a country's citizens, assets, and organisations. Because life insurance aims to protect people's livelihoods and future profits, it has a direct link to people's earnings, business performance, and net well worth. In addition to routinely occurring economic activities, well-known insurance protects property and corporations and their values. It is affecting to the US of America’s variety one, secondary economic sectors and company sectors. This research paper identifies the effect of coronavirus on coverage place in India and the operational disturbing conditions faced through the coverage enterprise.

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