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PERFORMANCE OF LIFE INSURANCE CORPORATION OF INDIA PART-I By R. Ramakrishnan Rtd.Chief Actuary LIC Of India

Home /Blog /PERFORMANCE OF LIFE INSURANCE CORPORATION OF INDIA PART-I By R. Ramakrishnan Rtd.Chief Actuary LIC Of India

PERFORMANCE OF LIFE INSURANCE CORPORATION OF INDIA PART-I By R. Ramakrishnan Rtd.Chief Actuary LIC Of India

I concluded my last article on “Disinvestment of LIC” with the statement that, “In my next article, I will trace the Performance of the Corporation over the years and the strategy to be adopted in future”. Judging the performance of a life insurance organisation over a period of time is not an easy task. Many aspects of the business have to be analysed. For example, New Business performance, Control on Expenses, Lapse experience, Claim experience, Agency Organisation and Insurance Penetration. The major constraint which one will face in doing this analysis is availability of data. The organisation may have all the data required for such an analysis. But, what is available in the public domain will be very limited and I have conducted this analysis with the limited data available in the public domain. - R.Ramakrishnan Chief Actuary (Retired ,L I C of India)

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