*Lecturer, Department of Commerce & Management, Bharathidasan University College, Kurumbalur (P.O)
**Lecturer in Commerce, Department of Commerce & Management, Bharathidasan University College, Perambalur
Online published on 26 June, 2013.
The history of the Indian insurance sector dates back to 1818, when the Oriental Life Insurance Company was formed in Kolkata. A new era began in the India insurance sector, with the passing of the Life Insurance Act of 1912. The Indian Insurance Companies Act was passed in 1928. This act empowered the government of India to gather necessary information about the life insurance and non-life insurance organizations operating in the Indian financial markets. This paper analysis the performance of LIC of india in terms of number of polices issued, first year premium collected and the profit before tax earned.
