*BA (Hons) Economics, Student, Amity School of Economics, 27-A, Mariyam Nagar, Ghaziabad
**Assisstant Professor II, Amity School of Economics
Online published on 27 September, 2019.
Life Insurance Corporation of India is one of the most major public sector which plays excellent job in selling its products (Nena, 2013). Life insurance Corporation of India should concentrate introducing new plans for facing health problem of day to day activities of human beings (Senthilkumar&Selvamani, 2016). This study makes an attempt at identifying some key factors that influence life insurance premium in India to a large extent. Study considers a set of variables including: Gross National Income (GNI), depending population (above the age of 65), real interest rate and the premiums per capita expenditure of life insurance in India.
The data collected on various factors was of past 11 years and study conducted was quantitative in nature. The study concludes that depending population (above the age of 65) is the most significant factor influencing the life insurance premium, followed by gross national income and real interest rate.
Influence, Life insurance, Premium per capita expenditure, Public sector
