Privatization of Life Insurance in India- Successful or Not?
Volume: 12 Number: 1 Year: 2012
Moid Uddin Ahmad
The Life Insurance sector was privatized in India with an objective of bolstering the social security system and enhancing ‘Insurance Inclusion’ amongst the vast population of the country. But the private companies are commercial organization. The policies related with these life insurance companies, have always been an imperative issue for concerned stakeholders considering the corpus of fund and the underlying objective of the fund. After a decade of privatization of the insurance sector it becomes imperative to study the performance of private companies and their contribution to the economy. There is a need to study the investment pattern of private life insurance companies and the trends in their performance individually, as well as against the industry. The given research is an empirical effort to analyze the performance of life insurance companies in India in the post insurance liberalization era.