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Title: :  A COMPARATIVE STUDY OF PUBLIC & PRIVATE LIFE INSURANCE COMPANIES IN INDIA
PaperId: :  1980
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 2 Issue 2 2016
DUI:    16.0415/IJARIIE-1980
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Dr. Sunita SrivastavaDepartment of Commerce, University of Lucknow
Om PrakashDepartment of Commerce, University of Lucknow

Abstract

Commerce
Life Insurance, Life insurance companies, Fresh life insurance premium, New insurance policies, Total insurance premium.
Since 1991, Indian economy and industry has moved away from a state controlled to a competitive market with intrigate financial services to the global economy. The financial sector, particularly, the Insurance has opened up to all competiton. A revamp in tightly regulated and monopolised insurance sector was brought about by the passage of the Insurance Regulatory and Development Authority Act (IRDA) in 1999. The present paper analyses the performance of public and private life insurance companies in India. As per the total premium income, in FY 2014-15, LIC with 73% of business share still holds a significant market share. 24 private insurance companies have established footholds in the market leading to intense competition. Private Insurance companies have a higher growth rate as compared to public sector. Today, Insurance penetration is better. The Insurance companies are competing in terms of policies sold, collection of premium income and others.

Citations

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IJARIIE Dr. Sunita Srivastava, and Om Prakash. "A COMPARATIVE STUDY OF PUBLIC & PRIVATE LIFE INSURANCE COMPANIES IN INDIA" International Journal Of Advance Research And Innovative Ideas In Education Volume 2 Issue 2 2016 Page 1513-1521
MLA Dr. Sunita Srivastava, and Om Prakash. "A COMPARATIVE STUDY OF PUBLIC & PRIVATE LIFE INSURANCE COMPANIES IN INDIA." International Journal Of Advance Research And Innovative Ideas In Education 2.2(2016) : 1513-1521.
APA Dr. Sunita Srivastava, & Om Prakash. (2016). A COMPARATIVE STUDY OF PUBLIC & PRIVATE LIFE INSURANCE COMPANIES IN INDIA. International Journal Of Advance Research And Innovative Ideas In Education, 2(2), 1513-1521.
Chicago Dr. Sunita Srivastava, and Om Prakash. "A COMPARATIVE STUDY OF PUBLIC & PRIVATE LIFE INSURANCE COMPANIES IN INDIA." International Journal Of Advance Research And Innovative Ideas In Education 2, no. 2 (2016) : 1513-1521.
Oxford Dr. Sunita Srivastava, and Om Prakash. 'A COMPARATIVE STUDY OF PUBLIC & PRIVATE LIFE INSURANCE COMPANIES IN INDIA', International Journal Of Advance Research And Innovative Ideas In Education, vol. 2, no. 2, 2016, p. 1513-1521. Available from IJARIIE, http://ijariie.com/AdminUploadPdf/A_COMPARATIVE_STUDY_OF_PUBLIC___PRIVATE_LIFE_INSURANCE_COMPANIES_IN_INDIA_ijariie1980.pdf (Accessed : 14 January 2024).
Harvard Dr. Sunita Srivastava, and Om Prakash. (2016) 'A COMPARATIVE STUDY OF PUBLIC & PRIVATE LIFE INSURANCE COMPANIES IN INDIA', International Journal Of Advance Research And Innovative Ideas In Education, 2(2), pp. 1513-1521IJARIIE [Online]. Available at: http://ijariie.com/AdminUploadPdf/A_COMPARATIVE_STUDY_OF_PUBLIC___PRIVATE_LIFE_INSURANCE_COMPANIES_IN_INDIA_ijariie1980.pdf (Accessed : 14 January 2024)
IEEE Dr. Sunita Srivastava, and Om Prakash, "A COMPARATIVE STUDY OF PUBLIC & PRIVATE LIFE INSURANCE COMPANIES IN INDIA," International Journal Of Advance Research And Innovative Ideas In Education, vol. 2, no. 2, pp. 1513-1521, Mar-App 2016. [Online]. Available: http://ijariie.com/AdminUploadPdf/A_COMPARATIVE_STUDY_OF_PUBLIC___PRIVATE_LIFE_INSURANCE_COMPANIES_IN_INDIA_ijariie1980.pdf [Accessed : 14 January 2024].
Turabian Dr. Sunita Srivastava, and Om Prakash. "A COMPARATIVE STUDY OF PUBLIC & PRIVATE LIFE INSURANCE COMPANIES IN INDIA." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 2 number 2 (14 January 2024).
Vancouver Dr. Sunita Srivastava, and Om Prakash. A COMPARATIVE STUDY OF PUBLIC & PRIVATE LIFE INSURANCE COMPANIES IN INDIA. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2016 [Cited : 14 January 2024]; 2(2) : 1513-1521. Available from: http://ijariie.com/AdminUploadPdf/A_COMPARATIVE_STUDY_OF_PUBLIC___PRIVATE_LIFE_INSURANCE_COMPANIES_IN_INDIA_ijariie1980.pdf
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