Volume : VII, Issue : VII, July - 2018

Performance of Life Insurance Corporation of India

Prakruthi. M. V. , Prof. Arabi. U

Abstract :

Safety and security has become the prime concern of everybody. Even though India has considerably developed economically, a section of people still feel unsafe and insecure. Insurance has come up as a very important financial service in most part of the world. Insurance is considered as one of the important segments in an economy for its growth and development. This industry provides long-term funds that are essential for the development of basic infrastructure. This industry has witnessed many phases of working, from the days when there were many private sector companies initially and then moved to nationalization, and again to the private sector.

Life Insurance Corporation of India is a unique institution which provides service catering to the needs of the people in the various strata of the society. In recent years, the Life Insurance Corporation is subject to public criticism since it has failed to achieve the objectives for which it was primarily established. The emergence of public criticism is mainly due to the advent of many insurance schemes like insurance - linked bank deposit, postal insurance and the high rate of interest in the money market.

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Article: Download PDF    DOI : https://www.doi.org/10.36106/gjra  

Cite This Article:

Prakruthi.M.V., Prof. Arabi.U, Performance of Life Insurance Corporation of India, GLOBAL JOURNAL FOR RESEARCH ANALYSIS : Volume-7 | Issue-7 | July-2018

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