International Journal of Advanced Research in Management and Social Sciences

  • Year: 2015
  • Volume: 4
  • Issue: 12

Corporate Social Responsibility Initiatives of LIC and ICICI Life Insurance Company

  • Author:
  • Azam Malik
  • Total Page Count: 14
  • DOI:
  • Page Number: 286 to 299

*Research Scholar, Department of Commerce, Aligarh Muslim University, Aligarh

Abstract

Corporate Social Responsibility is the arrangement of business operations with social qualities and it considers the hobbies of partners in the business approaches and activities. Corporate Social Responsibility is an overseeing idea whereby organizations acclimatize social and ecological worries in their business operations and associations with their partners. It is about overseeing organizations to accomplish both business and social advantage to improve brand esteem. The present study highlights the CSR initiatives of insurance companies operating in India. The study focused on the two big insurance companies operating in India i.e., LIC and ICICI prudential Life Insurance Company. The study found that both the Companies operating their businesses and simultaneously taking the society into their consideration. The study found that LIC were more focused on their CSR activities and working for the welfare of society as compared to ICICI Prudential Life Insurance Company. The study is an attempt to focus and highlights the activities undertaken by both the companies.

Keywords

Corporate Social Responsibility, Insurance Sector, LIC, ICICI Prudential Life