Premium Mobilisation and Investment Portfolio by the LICI and Select Private Life Insurance Companies: An Analytical Study

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

Chapter Chapter 3 in Investment Pattern of LICI and Select Private LICs in the Post-reforms Era in India, 2022, pp 69-106 from Springer

Abstract: Abstract An attempt has been made, in this chapter, to critically analyse the growths and trends in premium mobilisation and investment portfolio of the Life Insurance Corporation of India (LICI) and six select private life insurance companies (PLICs) in the post-reforms era. It has been observed that in almost all the parameters, LICI has outperformed its private peers. However, LICI’s progress over the years is slow-paced. The compounded annual growth rate (CAGR) of LICI is also the least among the sample selected. Among the PLICs, SBI Life (SBI), Bajaj Allianz (BAJAJ) and HDFC Life (HDFC) were the front runners. While ICICI Prudential Life (ICICI) lagged behind select PLICSs, it is projecting a positive trend in most of the parameters. Among the PLICs, the SBI has secured the top position while Aditya Birla Sun Life (BIRLA) was among the least performers. Correlation between premium collection and total investments based on Pearson’s correlation coefficient technique suggests that premium collection and total investments of all companies barring Bajaj Allianz are positively and significantly correlated. Companies also have significant positive correlation among themselves in terms of premium collection, total investments and other sectorial investments.

Keywords: Premium Mobilisation; Total Investment; Sectorial Investment; LICI; SBI; BAJAJ; HDFC; Growth; Trend; Pearson’s correlation coefficient (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_3

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DOI: 10.1007/978-981-19-2799-7_3

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