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October to December 2025 Article ID: NSS9475 Impact Factor:8.05 Cite Score:5899 Download: 107 DOI: https://doi.org/10.63574/nss.9475 View PDf
Analyzing the Factors Influencing Life Insurance in India: A Comparative Study of LIC and Other Private Sector Companies
Dayalal Sankhla
Research Scholar (Commerce) SKD University, Pilibanga, Hanumangarh (Raj.)Dr. Pawan Verma
Associate Professor & Research Supervisor (Commerce) SKD University, Pilibanga, Hanumangarh (Raj.)
Abstract:
This study seeks to analyze and compare these parameters of life
insurers: Share Capital, Total Assets, Working Capital, Net Profit, Total
Premium, Benefits Paid, Commissions Paid, Operating Expense, Number of Branch
Offices, and Number of Individual Agents of LIC, HDFC Life Insurance, ICICI
Prudential Life Insurance, and SBI Life Insurance. Secondary data from LIC and
other life Insurance Companies was gathered from 2014-15 to 2023-24 and was
analyzed using Mean, Standard Deviation, Coefficient of Variance and CAGR.
Overall, Life Insurance Corporation of India showed an improving growth trend
compared to almost all the Private Life insurance Companies and was ahead of
the competition.
Keywords: Determinants of Life Insurance Industry,
LIC, Private Companies.
