Financial Potential of Life Insurance Companies in India – A comparative study among Private and Public Sector Insurance Companies

R. Amuthan*, A. Ramachandran**
* Assistant Professor, Department of Management Studies & Research, Tamilnadu College of Engineering Coimbatore.
** Director, SNR Institute of Management Science, Coimbatore.
Periodicity:March - May'2010
DOI : https://doi.org/10.26634/jmgt.4.4.1163

Abstract

This study is focusing on the comparison of private and public life insurance companies with respect to their capacity in performing life insurance business. The potential has been checked based on three criteria namely premium income, capital base and profit or loss in the past two years recession time. The finding is that Public sector insurance companies namely Life insurance Corporation of India and SBI are faring better than other private sector companies. The above mentioned insurance companies are more competitive in terms of low premium charge and high claims ratio.

Keywords

Gross Domestic Product, Single Premium, Non Single Premium, New Business Premium Income, Financial Potential, Claims Ratio, Expense Ratio, Unit Linked Insurance Policies.

How to Cite this Article?

R. Amuthan and A. Ramachandran (2010). Financial Potential of Life Insurance Companies in India – A comparative study among Private and Public Sector Insurance Companies. i-manager’s Journal on Management, 4(4), 63-69. https://doi.org/10.26634/jmgt.4.4.1163

References

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