Insurance Research

International Journal of Social Science Tomorrow Vol. 1 No. 2
ISSN: 2277-6168 April|2012 www.ijsst.com Page | 1
Analytical Study on Indian Life Insurance Industry in Post Liberalization
Dr.Anshuja Tiwari, Assistant Professor, Barkatullah University
Babita Yadav, Faculty of Managment
Abstract
India is fast emerging on the world map as a strong economy and a global power. With a huge population and large untapped market, life insurance happens to be a big opportunity in India. Soon after the liberalization, there was a remarkable improvement in the Indian life insurance industry. After 1991, the Indian life insurance industry has geared up in all respects, as well as it being forced to face a lot of healthy competition from many national as well as international private insurance players. The present descriptive and analytical secondary based study was conducted with an objective to analyze the condition of life insurance industry in post-liberalization. Ten years of secondary data have been collected and analyzed by the researcher from the period 2001 to 2010. The study has been focused to analyze the overall impact of liberalization on life insurance business in terms of total premium income, total income, market share and number of policies. There is no significant impact of liberalization on the growth of Indian life insurance business is the main assumption of the present study. Private insurance companies are expanding their business and giving tough competition to LIC, continuous down fall in the market share of LIC after privatization, new business is increasingly going towards private insurance companies but still holding the dominant position and the most trusted brand among the people, in the post liberalization period, the life insurance industry of India witnessed a marvelous growth and touched its historical height are some of the major findings of study. The suggestions recommended by the researcher will be extremely useful for life insurers to

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