Fundamental reengineering for endurance in competitive market: a case study of life insurance corporation of India

Shukla, Upendra Nath

doi:10.1504/ijtcs.2015.074602

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“…He found that as compared to ICICI Prudential, LIC focusses more on CSR activities. Shukla (2015) found that the privatisation in the insurance market created stiff challenges for LIC, as the foreign firms were equipped with modern technologies and global expertise; however, LIC had been a non-modern Indian firm. Consequently, LIC confronted a decline in market share.…”

Section: Literature Reviewmentioning

confidence: 99%

Investigating CSR Practices of LIC of India During Pre- and Post-IRDAI’s Compliance, 2013

Uddin

2020

Asia-Pacific Journal of Management Research and Innovation

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In modern times, corporate social responsibility (CSR) has become a focus of attention before organisations. The present study purports the critical evaluation of Life Insurance Corporation (LIC) of India pertaining to the CSR activities during the period under the study. The present study includes secondary data through annual reports of the LIC of India from 2010 to 2018. In order to test the hypotheses of the present study, the paired t-test has been applied. The findings of the study reveal that LIC of India has covered around 60 million lives and settled more than 150,000 claims under the group and social security schemes in the year 2017–2018, which is a milestone in the insurance arena. In the year 2017–2018, more than ₹400,000 million had been invested by LIC of India in the social sector, which is a strong indicator of interest of the organisation towards social responsibility. It is also evidenced through this study that there is no significant difference between pre- and post-IRDAI’s compliance, 2013 pertaining to CSR practices of LIC of India.

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Section: Literature Reviewmentioning

confidence: 99%

Investigating CSR Practices of LIC of India During Pre- and Post-IRDAI’s Compliance, 2013

Uddin

2020

Asia-Pacific Journal of Management Research and Innovation

View full text Add to dashboard Cite

show abstract

Fundamental reengineering for endurance in competitive market: a case study of life insurance corporation of India

Cited by 1 publication

References 0 publications

Investigating CSR Practices of LIC of India During Pre- and Post-IRDAI’s Compliance, 2013

Investigating CSR Practices of LIC of India During Pre- and Post-IRDAI’s Compliance, 2013

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