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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

[1]. Business Line “Corporate column”, May 5th, 2009 issue, “insurance is not a good investment option”.

[2]. Business Line “Money/banking column”, April 30th, 2009, “Issue slows down hits life insurance companies' new premium income”.

[3]. Gupta, P.K. (2004). “Insurance and Risk Management”, Himalaya Publishing House, First edition, titled “Introduction to insurance” , pp.245-246.

[4]. Harrrington, Niehaus, (2004). “ Risk Management and Insurance”, Tata Mc Graw-Hill Publishing Company Limited, II Edition, 2004, titled “ Expected Claim Cost”, Administrative cost”, pp.32.

[5]. http//irda.org/outlook/lifeinsurance,

[6]. http//irda.org/scope/lifeinsurance

[7]. Kothari, C.R. (2007). “Research Methodology”, New Age International Publishers, Reprint 2007, titled “Non Probability sampling Design”, pp.54.

[8]. Periasamy, P. (2008). “Principles and Practice of Insurance, Himalaya Publishing House. Reprint 2008, titled “Life Insurance” pp.120.

[9]. The Hindu, “Business Review Column”, 17th March 2010 “Declining claims ratio in Private sector Life insurance companies”

[10]. The Hindu, “Business Review Column”, March 17th, 2009 issue, “Detariffing, financial Meltdown hit private players”.

[11]. The Hindu, “Business Review Column”, March 2009 issue, “Life insurance sector in the red”.

[12]. www.irda.org/trend/lifeinsurance.

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	North Americas,UK, Middle East,Europe		India	Rest of world
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Online	15	15

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