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Perspectives on Business Management,
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PBME Volume IV ISBN: 978-81-951151-2-9

IMPACT OF COVID-19 PANDEMIC ON THE INDIAN INSURANCE SECTOR

Author(s): DR. V. PARVATHI ORCID iD & DR. C. LALITHA ORCID iD icon

Abstract

The outbreak of the COVID-19 Pandemic has caused massive economic shocks worldwide due to the business interruptions and shutdowns which has led to the worst financial crises. India is one of the countries which severely got affected by the deadly novel coronavirus. Even though the insurance industry has been hit majorly due to the Pandemic, the future seems hopeful. The industry can grow through innovative products and new-service-based models. This chapter highlights the challenges and opportunities for the Indian Insurance Sector during this pandemic.

Keywords: insurance industry, pandemic, insurance innovations

JEL Classification: O16, G22

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