A Study of Performance Evaluation of Public Sector and Private Life Insurance Industry in India since Liberalisation

Abstract

The process of Liberalisation, Privatisation and Globalization has opened up the Indian Economy for foreign as well as private players. In the light of the economic process, Insurance Sector has been opened up for foreign as well as private players. In the era of competition, performance evaluation has become significant in order to survive for a long period of time. It provides a base for checking and controlling the weak areas of the activity and also provides a ground for growth , expansion and diversification. The present study throws light on the differences in the performances of public sector life insurer LIC and the private life insurers in the country.