International Research journal of Management Science and Technology

  ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST

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IMPACT OF PRIVATIZATION ON PERFORMANCE OF LIC

    1 Author(s):  VIKAS SHARMA

Vol -  4, Issue- 3 ,         Page(s) : 462 - 469  (2013 ) DOI : https://doi.org/10.32804/IRJMST

Abstract

The Insurance Sector has undergone a Sea Change in India, after liberalization in year 2000. Earlier insurance meant just the Life Insurance Corporation of India (LIC). But the scene has undergone a complete change, with people having the alternative of buying insurance from private sector insurance players. There has been consistent growth in the business of private sector life insurance players during the last decade. But as per the reports of The Insurance Regulatory and Development Authority (IRDA) LIC still rules the market.

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