An essential social safety net is life insurance. After being privatized, India's insurance market has experienced significant growth in the past decade and is currently undergoing a massive transformation. On February 21, 2015, the Indian government announced a 49 percent cap on foreign direct investment in insurance. As a result, LIC may face stiffer competition from both domestic and international commercial companies. With the goal of understanding LIC's revenue and expenditures, this research aims to assess the company's financial and operational performance. The research will last for a full decade, beginning in 2015–16 and ending in 2022–23
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Sahu et al. (2024) studied this question.
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