Comparative Analysis of Life Insurance Corporation of India (LIC) and Private Life Insurance Companies

This research paper aims to compare market share, new business premium income, policies issues and benefits paid by Life Insurance Corporation of India and private life Insurance companies. All twenty four life insurance companies were selected for the study. Percentage, CAGR and T test was used for the analysis. The study concluded that LIC outpermformed than private life insurance companies in all four criteria.

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Publication Details

Journal
INTERNATIONAL JOURNAL OF INNOVATIONS & RESEARCH ANALYSIS
Published
2025-09-19
DOI
https://doi.org/10.62823/ijira/5.3(ii).7954
Primary Topic
Insurance and Financial Risk Management
Type
article
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0.00
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article

Comparative Analysis of Life Insurance Corporation of India (LIC) and Private Life Insurance Companies

Jalpaben I. Thakkar, Manisha M. Barad
INTERNATIONAL JOURNAL OF INNOVATIONS & RESEARCH ANALYSIS
Insurance and Financial Risk Management
article

Comparative Analysis of Life Insurance Corporation of India (LIC) and Private Life Insurance Companies

Jalpaben I. Thakkar, Manisha M. Barad
article en

Abstract

This research paper aims to compare market share, new business premium income, policies issues and benefits paid by Life Insurance Corporation of India and private life Insurance companies. All twenty four life insurance companies were selected for the study. Percentage, CAGR and T test was used for the analysis. The study concluded that LIC outpermformed than private life insurance companies in all four criteria.

INTERNATIONAL JOURNAL OF INNOVATIONS & RESEARCH ANALYSISVol. 05(03(II))
Openalex Percentile: Top 66%
Insurance and Financial Risk Management
DOISourceOpenAlex
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Comparative Analysis of Life Insurance Corporation of India (LIC) and Private Life Insurance Companies — Jalpaben I. Thakkar, Manisha M. Barad · INTERNATIONAL JOURNAL OF INNOVATIONS & RESEARCH ANALYSIS (2025) | TGRS Research Map | TGRS