Questions to be discussed..

QUESTIONS FOR DISCUSSION:

1.Write a brief note on LIC’s reaction to the entry of foreign players. Critically examine the steps taken by LIC to face the competition from MNCs.

2. Do you agree with Bajpai’s statement that service would not be a key feature to success in the post-IRDA era? If you were a new entrant in the Indian insurance market, what are the issues you would focus on?

3. Do you think LIC will be able to remain the market leader in the insurance business in the long run? Give reasons for your answer.
ADDITIONAL READINGS & REFERENCES :

1. LIC intensifies tech-drive, Business Line, February 21, 2000.
2. Vasani Vimala, LIC International eyes 60% growth in Gulf, Business Line, March 20, 2001.
3. Zervoudis M. & Karamchandani A., the Monitor Group Study on insurance - I, Business Today, March 22, 2000.
4. Zervoudis M. & Karamchandani A., The Monitor Group Study on insurance - II, Business Today, April 7, 2000.
5. Zervoudis M. & Karamchandani A., The Monitor Group Study on insurance - III, Business Today, May 22, 2000.
6. Basu Jaya & Chandrasekhar R., Insuring the profits, Business Today, August 22, 2000.
7. Kumar B.N., Poaching of LIC agents, Business India, September 18, 2000.
8. Jayaram Anup & Dhawan Radhika, Free at last, Business World, November 13, 2000.
9. Chandrasekhar R., The elephant learns to dance, Business Wire, November 21, 2000.
10. Singh Gina, Unsure alliances, Business World, December 25, 2000.
11. Sarkar Ranju, Insurance wars, Business Wire, February 24, 2001.
12. Sen K. Sarbajeet, LIC lines up offshore plans, Business Line, March 26, 2001.
13. Competition spurs LIC to new highs, Business Line, April 24, 2001.
14. www.indiainfoline.com