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PERFORMANCE OF LIFE INSURANCE INDUSTRY IN INDIA
2
Author(s):
CHANDAN , DR. R.S. ARORA
Vol - 6, Issue- 8 ,
Page(s) : 61 - 72
(2015 )
DOI : https://doi.org/10.32804/IRJMST
Abstract
The business of life insurance industry in India has grown tremendously after economic reforms and setting up of IRDA. The entry of the private players in the life insurance market has not only widened the life insurance market but also has infused competition and structural changes in the life insurance industry. The various companies operating in the life insurance industry incur commission and operating expenses which generally depress the profits of life insurance industry. The high rate of lapsation of policies also has a negative effect on the profits of life insurance industry. The present paper is an attempt to study the growth of premium income and financial health of public and private sector life insurance companies operating in India.
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