• Arpan Mahapatra, Research Scholar, Sri Sri University

FDI is a global concept and now a day it is not only the need of developing or developed countries. Not with-standing the global concept of FDI there is also an urgent need of FDI for India to face the economic challenges and for the economic development. FDI makes it easy for international trade and commerce to happen; as well it helps in transfer of skills and technology, creates job opportunities and improves infrastructure facilities between the countries. FDI is helpful to insurance sector by infusing capital at regular intervals. During the then Atalbihari Bajpai’s government the Govt of India has taken a numerous steps to boost the insurance industry and 49% of FDI is one of them. The liberalization followed by privatization in insurance sector has brought in various fundamental changes in india’s insurance business. After Liberalization and Privatization the market shares of public sector companies continued to enjoy 90% but due to increased capital inflow through FDI, the situation has been changed and the market share of the private insurance companies increased up to 60%. The entry of private players with FDI has led to tremendous changes in Indian life insurance industry. Since opening up, the number of participants in the industry has gone up from seven insurers in the year 2000 to 52 insurers in 2014, operating in the life, non-life and re-insurance segments. As at the end of September 2014, there are 24 life insurance companies operating in India, of which one is LIC the state owned Life Insurance Corporation and the remaining 23 are in private sector. The primary aim of this paper is to analyze the impact of FDI in Life Insurance Sector in terms of Number of Companies, Market share, Premium underwritten, Density, Penetration, No of Policies sold, Investment made by Companies and Profit made by them. Index Terms: Premium, Market share, underwriting, Density, Penetration, Investment

Premium, Market share, underwriting, Density, Penetration, Investment

"GROWTH LINKAGES OF FDI & LIFE INSURANCE SECTOR OF INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 4, page no.336-344, April-2019, Available :http://www.jetir.org/papers/JETIR1904144.pdf

"GROWTH LINKAGES OF FDI & LIFE INSURANCE SECTOR OF INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 4, page no. pp336-344, April-2019, Available at : http://www.jetir.org/papers/JETIR1904144.pdf