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This is a Quantitative Study study.

September 20, 2025

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

JTJalpaben I. Thakkar MBManisha M. Barad

Key Points

LIC outperformed private life insurance companies in market share, policies issued, and benefits paid.
The analysis revealed that LIC had higher new business premium income compared to its private counterparts.
Statistical methods like CAGR and T test were employed to assess the performance of the two types of companies.
The findings highlight the dominance of LIC in the life insurance sector in India compared to private insurers.

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.

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Cite This Study

Thakkar et al. (Fri,) studied this question.

synapsesocial.com/papers/68d469ba31b076d99fa6607f https://doi.org/https://doi.org/10.62823/ijira/5.3(ii).7954