Draft Contents

List of Tables i
List of Graphs and Figures ii
Chapters Page No.

Chapter 1 INTRODUCTION
1.1 Introduction………………………………………………...1-3
1.2 Nature and Concept of Life Insurance……………………...3-8
1.3 Types of Life Insurance……………………………………8-17
1.4 Significance of Life Insurance……………………………17-18
1.5 Meaning and Objective of Profitability………………..…19-21
1.6 Factors Affecting Profitability……………………………22-24
1.7 Operating Profit…………………………………………..24-25

Chapter 2 HISTORY OF LIFE INSURANCE IN INDIA AND

ORGANIZATIONAL SETUP OF COMPANIES UNDER STUDY
2.1 History of Life Insurance in India………………………..26-29
2.2 Development of Life Insurance Companies in India……..29-42
2.2.1 Insurance Sector Reforms………………………30-36
2.2.2 The Period of Trial, Legislation: (1913-1939)....36-39
2.2.3 Development in Independent India before
Nationalization……………………………….....39-40
2.2.4 Nationalization of Life Insurance Business…….40-40
2.2.5 Acts………………………………………….....41-42
2.3 Growth of Life Insurance Industry after Liberalization.....42-50
2.4 Present Scenario………………………………………….50-54
2.5 Profile of the Companies Under Study…………………...54-71
2.5.1 Life Insurance Corporation of India……………54-63
2.5.2 ICICI Prudential Life Insurance Company Ltd...63-71
Chapter 3 METHODOLOGY OF RESEARCH
3.1 Introduction………………………………………………72-72
3.2 Meaning of Research……………………………………..73-73
3.3 Characteristics of Research………………………………73-75
3.4 Processing and Analyzing Data…………………………..75-76
3.5 Data Analysis Methods…………………………………...76-79
3.6 Problem Investigated……………………………………..79-81
3.7 Objectives of the Study…………………………………...81-82
3.8 Scope of the Study………………………………………..82-82
3.9 Review of Literature……………………………………...83-89
3.10 Significance and Relevance of the Study………………..90-90
3.11 Data Collection………………………………………….90-90
3.12 Hypothesis……………………………………………….90-91
3.13 Tools and Methods of Data Analysis…………………....92-96
3.14 Limitations of the Study………………………………...96-96

Chapter 4 ACCOUNTING FOR PREMIUM AND OTHER INCOMES

4.1 Meaning of Premium………………………………….….97-97
4.2 Accounting and Acceptance Procedure………………....98-101
4.3 Issue of Cover notes and Policy…………………….…101-106
4.4 Reinsurance Practice…………………………………..106-107
4.5 Accounting for Premium……………………………....107-114
4.6 Accounting for other Income…………………………..115-116

Chapter 5 ACCOUNTING FOR CLAIMS

5.1 Life Insurance Contract……………………………….117-118
5.2 Basic Principles of Life Insurance Contract………..…118-119
5.3 Meaning and Procedure of Claims…………………….119-120
5.4 Investigation and Assessment…………………………120-122
5.5 Types of Claims…………………………………...…..122-123
 5.6 Claim Process………………………………………….123-125
5.7 Settlement of Claims…………………………………..126-128
5.8 Accounting for Claims…………………………...……128-129
5.9 Procedure of the Maturity Claims……………………..129-130
5.10 Additional Benefits apart from Regular Claims……...130-130

Chapter 6 DATA ANALYSIS AND INTERPRETATION

6.1 Meaning of Profitability……………………………....131-132
6.2 Concept of Profitability…………………………….....132-133
6.3 Analysis of Profitability…………………………...…..133-162
6.3.1 Current Ratio……………………………..…134-138
6.3.2 Absolute Liquid Ratio………………………138-141
6.3.3 Return on Total Assets Ratio……………….141-144
6.3.4 Return on Shareholder Fund Ratio…………144-147
6.3.5 Actuarial Efficiency Ratio………………….148-150
6.3.6 Operating Expenses Ratio…………………..150-153
6.3.7 Commission Expenses to Total Premium
Ratio………………………………………...153-156
6.3.8 First Year Premium to Total Premium
Ratio...............................................................156-159
6.3.9 Renewal Premium to Total Premium Ratio...160-162
6.4 Performance of Life Insurance Companies……………163-183

Chapter 7 CONCLUSIONS AND SUGGESTIONS

7.1 Findings and Conclusions……………………………...184-197
7.2 Suggestions and Recommendations…………………...197-199
7.3 Suggestions for Further Study…………………………200-200

BIBLIOGRAPHY…………………………………………………….…….201-212

APPENDIX