Delta National Journal Of Multidisciplinary Research
Year : 2015, Volume : 2, Issue : 1
First page : ( 41) Last page : ( 44)
Print ISSN : 2279-0705.

Comparative study of national insurance companies and private insurance companies in India.

Prof. Godghate Sudhir

Dept of CommerceSantaji College, Nagpur

Online published on 24 March, 2021.

Abstract

Initially in India there were only two Insurance Companies. Among there were Life Insurance Company of India and Life Insurance Corporation of India. Both these Insurance Companies were Public Sector Undertaking and was in control of Government of India. All Life Insurance Companies take Risk of the Person who takes Insurance Policy because future is uncertain. Keeping in mind te uncertainly in life it the person has taken insurance policy, it would benefit monetarily to the person in great entent. In reality before globalization there were not so many Life Insurance Companies in Operation in India. Due to Liberalisation many Indian private Companies also entered in this sector. Therefore there has been a great increase in Nationalized Life Insurance companies. If we analytically study both the public sector companies, mentioned above Life Insurance India Company and Life Insurance Corporation of India benefitted immensely to repair the financial loss in great extent

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