Journal of Business & Economic Policy

Comparative Analysis of Profitability Position between Public and Private Sector Life Insurance Companies in India
Dr. Shahid Husain

Abstract
The present study is to analyze and compare the profitability position of public and private life insurance companies in India over a period of five years from 2016 to 2020. To measure and compare the profitability operating expense ratio, investment income to premium ratio, investment yield, insurance margin and return on net worth have been used. In order to the test hypotheses and to conclude the statistical results T-Test has been used. Investment Income to Premium and Insurance Margin of Life Insurance Corporation of India significantly differs from those of private life insurance companies in India. However, there is no significant difference between public and private life insurance companies with reference to Incurred Claim Ratio, Combined Ratio and Investment Yield. This research can be used by insurance sectors to monitor the profitability position of their own as well as to take necessary measures to improve it.

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