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Life insurance in India is a growing industry.  Monopoly with Life Insurance Corporation of India was by liberalizing policy in the year 2000. There are total 24 insurance companies operating in India in the year 2013. After liberalization, private life insurers have launched many innovations in the insurance industry. At this juncture it has become imperative to study the profitability and performance of these companies. Five life insurance companies have been chosen from the Annual Report of IRDA for the purpose of study which are fully in operation at least for ten years. The study finds that uncontrolled volumes of underwriting losses are being incurred by the insurers in the life insurance sector in our country.  Insurance practices in India became risky as the market has tendency to offset underwriting losses by Investment.

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