New Royal Book Company

Life Insurance Corporation in India

About Book - Life Insurance Corporation was set up on 1st September, 1956. The LIC took over the assets and liabilities of 245 insurers, who were operating at the time of nationalisation. LIC had sole monopoly of transacting life insurance business in India until 1999. Life Insurance Industry has expanded considerably after nationalisation.
The Legislature enacted the Insurance Regulatory and Development Authority Act, 1999 to provide for the establishment of an Authority to protect the interests of holders of insurance policies to regulate, promote and ensure orderly growth of insurance industry.
This study has revealed that LIC has improved its efficiency in recent years due to competitive atmosphere. There are certain shortcomings in its working. Liberalisation can become an opportunity to be exploited. LIC can exploit the opportunity by removing its shortcomings and becoming an adaptive organisation, which can continuously adjust to meet the needs of changing environment.

About Author - Dr.S.K.Shukla did his M.Com from the University of Lucknow in the year 1982. He completed his Ph.D. in 1990 and D.Litt. in 2002. A major research project sponsored by U.G.C. had been successfully completed under his supervision. He has an experience of more than 20 years of teaching in graduate and post-graduate classes. His several articles and research papers have been published in various reputed journals. He also has two books to his credit. At present he is a senior faculty member in the Department of Commerce and Programme Director of MFC Programme in University of Lucknow.
Dr. Om Prakash Sharma did his graduation and post graduation in Commerce and obtained his Ph.D. Degree in '2003 from the University of Lucknow.
 

ISBN : 81-85936-81-1
Price : INR 250/-