Insurance sector along with banking sector contributes to 10.31% (2011–2012) to GDP of the country. India being densely populated and spread in rural as well as urban areas, insurance penetration is very low. When Life and Non-Life Insurance are compared the contribution of Life Insurance is negative than Non-Life Insurance based on Real premium growth rate. Till the year 2000–2001 public sector companies had monopoly i.e. 100 market share. With the entry of private players monopoly is converted into monopolistic competition. The paper examines the Investment pattern of life insurance corporation of India as per the IRDA norms of last 10 years from 2003–2004 to 2013–2014 i.e. after liberalised period. The study is based on published data in the annual reports of IRDA and life Insurance corporation of India. It evaluates the different Investment avenues in which LIC of India invests.
LIC, Investments, IRDA, Regulations, public sector
