Main Article Content
Abstract
The performance of public and private life insurers in terms of their number of new policies issued; total premium income and market share in India.. In year 1993 Malhotra Committee emphasized on privatization of insurance business, since then there was monopoly of LIC. In year 1999 the Insurance Regulatory and Development was established to regulate and to protect the policyholder’s interest of the insurance industry. It has been observed that private life insurers put efforts to improve its performance year after year and affected the LIC in many ways for initial first decade.