A Critical Study on the Performance Life Insurance Corporation of India in Post Liberalization Era

Abstract

Indian life insurance industry has gone through an ocean change. It has encountered new difficulties of extreme rivalry and battle for endurance since the presentation of protection changes since 1999. The changes in the protection area are constant and they ought to be made more straightforward, reasonable and sound in the changing monetary condition. The fate of the changed insurance industry is a major test to numerous partners. The insurance agencies are embraced multi-faceted exercises. Any assessment of their exhibition needs to consider the whole stream of exercises and capacities performed by them. The current investigation is predominantly founded on auxiliary information. The information is gathered from the records and reports of the IRDA, LIC, RBI & CSO. Despite the fact that the LIC is involving the main position now, it is bit by bit losing its piece of the overall industry with the private guarantors. Along these lines, the LIC ought to investigate better roads and methodologies to prevail upon the difficulties of the private players or possibly to hold its current piece of the pie. It is likewise trusted that the information introduced, the perceptions made and ends showed up at in this investigation will be helpful for between sectoral examination.