FINANCIAL PERFORMANCE OF LIFE INSURANCE CORPORATION (LIC) OF INDIA- A STUDY

Life insurance is an important form of social security. Insurance sector in India have grown tremendously in the last decade and is taking a giant shape after privatization of insurance industry. The government of India has notified the foreign direct investment in insurance to the extent of 49% on 21st February 2015. This may result in increased competition for LIC with other private and foreign players in the industry. The study have been undertaken to know the financial and operating performance of LIC with a rationale of knowing the source of income and other expenses of LIC. The period of study will be for 9 years from 2005-06 to 2013-14.