Current Volume 9
Abstract
Insurance is an essential component of India's financial system. One significant aspect of social security is life insurance. Insurance is a tool that lowers the cost or impact of a loss brought on by a range of hazards. It builds up money to cover personal losses and offers security and safety against unforeseen losses. India's insurance market has expanded enormously over the past ten years and has taken on a massive form following the insurance industry's privatization. Since the Indian economy was liberalized and the IRDAI regulation was implemented in the year 2000, the life insurance market has undergone significant changes due to the entry of private sector life insurers. As a result, LIC of India can face more competition from other domestic and international companies in the market. As a result, it is now crucial to examine and assess the profitability, solvency, liquidity, and growth performance of LIC of India. This study's primary goal is to evaluate Life Insurance Corporation of India's five-year financial performance.
Keywords
LIC Of India, Growth, Profitability, Public Sector, Financial Performance.
Citations
IRE Journals:
Prof. Awadhesh Kumar Gupta "Impact of the pandemic on the performance of LIC: A Study" Iconic Research And Engineering Journals Volume 7 Issue 2 2023 Page 870-876 https://doi.org/10.64388/IREV7I2-1718019
IEEE:
Prof. Awadhesh Kumar Gupta
"Impact of the pandemic on the performance of LIC: A Study" Iconic Research And Engineering Journals, 7(2) https://doi.org/10.64388/IREV7I2-1718019
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