An Analytical Study On Asset Under Management Of Life Insurance Companies In India | Neelam Dhanda & Nancy Gulati

Insurance plays an important role in creation of wealth in the economy. The insurance sector, on account of the huge size of the funds that it attracts, plays a crucial part in the development of the same. These funds need necessarily be invested in such a manner so as to equip the insurers to meet their obligations to their policyholders, as and when the claims obligations arise. Therefore, this study is conducted to investigate the investments of life fund, pension and general annuity funds, group funds and of unit linked funds by Indian Life Insurance Industry. By using statistical tools such as percentage share, mean, standard deviation, coefficient of variation and frequency distribution it is observed that LIC is consistently using funds for investment as compared to private sector life insurance companies which reflects the efficient investment behaviour of Life Insurance Corporation of India.