Introduction

Shib Pada Patra (), Siddhartha Sankar Saha () and Mitrendu Narayan Roy ()
Additional contact information
Shib Pada Patra: Chittaranjan College
Siddhartha Sankar Saha: University of Calcutta
Mitrendu Narayan Roy: Goenka College of Commerce and Business Administration

Chapter Chapter 1 in Investment Pattern of LICI and Select Private LICs in the Post-reforms Era in India, 2022, pp 1-18 from Springer

Abstract: Abstract Life insurance companies in India play an important role in Indian financial system in mobilising small savings in the form of life insurance premium from Indian household sectors and investing it in Indian financial market. Life insurance companies accumulate the premium through traditional as well as Unit Linked Products (ULIPs) and mobilise the same into different productive channels. The Insurance Regulatory and Development Authority of India (IRDAI) has mandated the proportion in which the total investible fund can be allocated among different sectors for the purpose of investment. Such mandate by the IRDAI is aimed at return optimisation and safety and security of the fund to meet the policyholders’ claim and other operating expenses on the one hand, and achieve larger economic development and social interest on the other. Accordingly, total premium mobilisation is allocated among the following investments: (a) Investment in Government and Other Approved Securities (IGOAS); (b) Infrastructure Investment (II); (c) Approved Investment (AI); and (d) Other than Approved Investment (OAI). Chapter 1, the introductory one, sets the foundation of the overall research that seeks to find out the performance of the Life Insurance Corporation of India Ltd. (LICI) and select private life insurers in terms of their premium mobilisation and sectorial investments. In view of this, the current chapter identifies a specific research problem and points out a few research questions based on research philosophy. Existing literature in the related area are reviewed, and the gap in existing researches is identified facilitating formulation of the study objectives, which are addressed in the subsequent chapters. In order to meet those objectives, a comprehensive chapter-wise methodology has been made and a chapter plan has been made as well.

Keywords: LICI; IGOAS; II; AI; OAI; Premium Mobilisation; Total Investment; Sectorial Investment; IRDAI (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-2799-7_1

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DOI: 10.1007/978-981-19-2799-7_1

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