INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
The insurance companies were non-banking financial intermediaries. The insurance sector was the major component of the financial system as it supports the different sectors of the economy. India has allowed private companies in life insurance sector after the liberalization in 2000. So, an attempt has been made to analyze the operational efficiency of the selected public and private life insurance companies in India for 12 years from 2010-2011 to 2021-2022 using secondary data to know their efficiency level in the highly competitive and growing market. The tools like ratio analysis, mean, CV, CAGR and chi-square test has been used. The result shows that LIC, SBI and Max life insurance companies have performed well compared to others. So, the study has concluded that overall efficiency of the selected public and private life insurance companies have been efficient and their ratios were maintained according to the IRDA rules and regulations.
Keywords:
Life Insurance, Operational efficiency, ratio analysis
Cite Article:
"Evaluation of operational efficiency of selected public and private life insurers in India", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 8, page no.c846-c854, August-2023, Available :http://www.ijnrd.org/papers/IJNRD2308311.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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