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Concluding Observations and Suggestions

In: Investment Pattern of LICI and Select Private LICs in the Post-reforms Era in India

Author

Listed:
  • Shib Pada Patra

    (Chittaranjan College)

  • Siddhartha Sankar Saha

    (University of Calcutta)

  • Mitrendu Narayan Roy

    (Goenka College of Commerce and Business Administration)

Abstract

This chapter, concluding one, presents a summary of findings of previous chapters followed by economic and social implications of the current research. Finally, proposals for further research have been made and suitable conclusion on research findings has been drawn as well. It is finally revealed that during the post-reforms era, performance of the life insurers in terms of premium mobilisation, total investment and other sectorial investments has been quite volatile. On the top of tsshat, global economic recession has made the situation worse for some of the insurance companies. However, a few positive initiatives undertaken by the IRDAI assist the sector to gain back grounds. Despite a falling market share, the LICI still lie ahead of its private peers, probably because of its higher exposure to Government and approved securities. Among the PLICs, ICICI is slowly entering the big league, while SBI, BAJAJ and HDFC are projecting moderate performance. However, the performance of BIRLA and MAX is not satisfactory. They may change their marketing strategies to mobilise more savings from the market. The IRDAI must also be vigilant in monitoring the performance of the insurance companies. They should carefully scrutinise the economic scenario in the country and modify the investment portfolio from time to time to ensure security of the savers’ fund on the one hand and better return on the other.

Suggested Citation

  • Shib Pada Patra & Siddhartha Sankar Saha & Mitrendu Narayan Roy, 2022. "Concluding Observations and Suggestions," Springer Books, in: Investment Pattern of LICI and Select Private LICs in the Post-reforms Era in India, chapter 0, pages 157-167, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-2799-7_5
    DOI: 10.1007/978-981-19-2799-7_5
    as

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