Significance of Insurance Product Development Indicators with Knowledge of Existing Insurance Market Share
As per continuously transforming market circumstances and polices, there is a need to build revolutionary products that gratify client requirements. But, to focus on new product dimensions it is necessary to study global changes and market shares occupied by Indian companies. This paper provides the insight overview of RGA product development stages and market analysis of IRDA. As future aspects, new generation customer needs to be considered as an indicator for product development.