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The insurance industry has been benefitted, from time to time, with technological inventions and developments like other industries. Currently, the system of electronic insurance (e-insurance) has been introduced in India by the IRDAI with the objective of having a potent, fair, safe, stable, and successful insurance industry. This system, having multifarious and multifaceted advantages for the insurance companies, policyholders/beneficiaries, insurance industry, and society as a whole, has been thought to revolutionize the traditional system of issuing and servicing insurance policies. Taking into account the current system, the present paper unearths the legal provisions relating to issuance and administration of e-insurance policy in India. Further, it mentions some sensible suggestions for effective management of e-insurance. [ABSTRACT FROM AUTHOR]

The Role models of effective leadership in Indian insurance sector have often been used to analyse or design existing cases. In this paper we go one step further by developing role models that match a future scenario. We combine knowledge from futures studies and the experience that we have in analysing existing role models, with the development of role models in the insurance sector. We have chosen the insurance sector because it is a sector where innovation is a cumbersome affair. In view of the importance of the leadership in this field, the inability to innovate presents a problem to other parties in the insurance value chain, such as insurers, but also to the increasingly knowledgeable and emancipated customers. Customers expect customer friendly processes supported by IT at the front office end, and a flexible management of the insurance process at the back office end. It is important, then, for managers to be able to meet the requirements from their environment. Here it is necessary to review the leaders of insurance sector with ideas on how they response regarding behavioral fitness and managerial behavior. [ABSTRACT FROM AUTHOR]