The Life Insurance Industry in India Current State and Efficiency [Hardcover]

This book traces the development and analyses the performance of life insurance industry in India, since inception of this sector, using different business indicators over the years. It discusses the evolution and changing features of the Indian insurance industry in 3 phases: phase I from 1818 to 1956, phase II from 1956 to 2000 (known as the nationalisation period) and phase III post 2000 (called the post reform period). The book also measures the relative efficiency and productivity of the life insurance industry in India for the post-reform period, by employing Data Envelopment Analysis (DEA). Despite the fact that the life insurance sector recorded a compound annual growth rate (CAGR) of 17% in terms of total premiums and 21% in terms of new business premium collections during the post reform period, the insurers continue to grapple with the issue of profitability. Against this background, the book presents results on the factors determining profitability of the life insurance companies using measures of efficiency and competition. By helping regulatory authorities determine the future course of action in the context of entry of foreign insurers and also in establishing a level playing field, the book has important policy implications.Chapter 1. Motivation, Problem Setting, Objectives and Scope of the Study.- Chapter 2. The State of Insurance Industry in India.- Chapter 3. Life Insurance in India: Some Evidence on Efficiency.- Chapter 4. Conclusion.

Dr Tapas Kumar Parida is an Economist with more than 8 years of work experience in macroeconomic research and planning in banks and research organisations, with diversified academic achievement. Presently, he is working as an Economist at Economic Research Department of State Bank of India (SBI is the biggest commercial bank in India), Corporate Centre, Mumbai. Prior tol“8