{"id":10656,"date":"2025-01-12T06:58:57","date_gmt":"2025-01-12T06:58:57","guid":{"rendered":"https:\/\/icertpublication.com\/?page_id=10656"},"modified":"2026-04-03T09:16:45","modified_gmt":"2026-04-03T03:46:45","slug":"an-analysis-of-selected-indian-insurance-companies-in-comparison-based-on-financial-performance","status":"publish","type":"page","link":"https:\/\/icert.org.in\/index.php\/shodh-sari-2\/sodh-sari-vol-4-issue-1\/an-analysis-of-selected-indian-insurance-companies-in-comparison-based-on-financial-performance\/","title":{"rendered":"An Analysis of Selected Indian Insurance Companies in Comparison Based on Financial Performance"},"content":{"rendered":"\t\t
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Shodh Sari-An International Multidisciplinary Journal<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Vol-04, Issue-01 (Jan-Mar 2025)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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An International scholarly\/ academic journal, peer-reviewed\/ refereed journal, ISSN : 2959-1376<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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An Analysis of Selected Indian Insurance Companies in Comparison Based on Financial Performance<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Khanna, Puneet<\/span>1<\/span><\/span> and Kumar, Manoj<\/span>2<\/span><\/span><\/p>

1<\/span><\/span>Research Scholar, Department of Business Management and Commerce, Desh Bhagat University, Mandi Gobindgarh, Punjab.<\/span><\/p>

2<\/span><\/span>Assistant Professor, Department of Business Management and Commerce, Desh Bhagat University, Mandi Gobindgarh, Punjab.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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DOI: <\/span>https:\/\/doi.org\/10.59231\/SARI7788<\/span><\/a><\/p>

Subject: Commerce \/ Insurance \/ Finance<\/span><\/p>

Page No: 202-216<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Received: Nov 04, 2024<\/span><\/p>

Accepted: Dec 17, 2024<\/span><\/p>

Published: Jan 01, 2025<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Thematic Classification: Indian Insurance Sector, Financial Performance Analysis, Comparative Insurance Study, Profitability Ratios, Financial Management, Corporate Finance.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Abstract<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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In the study India\u2019s top Life Insurance Companies have been selected on the basis of popularity and variety of products. A thorough examination of financial statement analysis is necessary to determine whether a stock is worthy of investment. Five financial years, spanning from 2018\u201319 to 2022\u20132023 have been considered. The research aims to evaluate the financial results of a subset of Indian insurance firms, analyze their overall performance, and provide a ranking to these businesses based on their overall performance. This study’s primary goal is to support decision-making for policyholders and investors. The suggested study combines empirical and explanatory research methods. The required data inputs for the study project were taken from the insurance firms’ publicly available quarterly, half-yearly, and annual reports, which include both statutory and non-statutory disclosures.<\/span><\/p>

Keywords: <\/span>Financial Analysis, Independent Auditor\u2019s Report, Annual Report, Financial Ratios, Premium, Total Incomes,\u00a0 Profitability, Solvency, Earnings, Net Worth and Claim Settlement.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Impact statement<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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After taking into consideration all the important financial parameters, it has been observed that Life Insurance Corporation of India is doing the best among the selected sample. A growth has been observed in the SBI Life Insurance Company (2nd Ranked), Bajaj Allianz Life Insurance Company (3rd Ranked) and HDFC Life Insurance Company (4th Ranked) are performing well in their field. Thus, it can be suggested that, in order to maximize their long-term value, investors might place their hard-earned money in the shares of these insurance businesses. Additionally, it can be emphasized that people should not be hesitant to get insurance from these firms<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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About The Author<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Mr. Puneet Khanna<\/b> is a Research Scholar in the Department of Business Management and Commerce at Desh Bhagat University, Mandi Gobindgarh, Punjab. He is dedicated to advancing knowledge in the field of business management and commerce through his academic pursuits and research contributions.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Cite this Article\n<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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APA 7th Style:<\/span> Khanna, P., & Kumar, M. (2025). An analysis of selected indian insurance companies in comparison based on financial performance. <\/span>Shodh Sari-An International Multidisciplinary Journal<\/span>, <\/span>4<\/span>(01), 202\u2013216. <\/span>https:\/\/doi.org\/10.59231\/SARI7788<\/span><\/a><\/p>

Chicago 17th Style:<\/span> Khanna, Puneet, and Manoj Kumar. “An Analysis of Selected Indian Insurance Companies in Comparison Based on Financial Performance.” <\/span>Shodh Sari-An International Multidisciplinary Journal<\/span> 4, no. 1 (2025): 202\u2013216. <\/span>https:\/\/doi.org\/10.59231\/SARI7788<\/span><\/a>.<\/span><\/p>

MLA 9th Style:<\/span> Khanna, Puneet, and Kumar, Manoj. “An Analysis of Selected Indian Insurance Companies in Comparison Based on Financial Performance.” <\/span>Shodh Sari-An International Multidisciplinary Journal<\/span>, vol. 4, no. 1, 2025, pp. 202-216, <\/span>https:\/\/doi.org\/10.59231\/SARI7788<\/span><\/a>.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Statements & Declarations\n<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Review Method:<\/span> This article underwent a double-blind peer-review process by two independent external experts in Financial Accounting and Risk Management to ensure the accuracy of the ratio analysis and the validity of the comparative financial frameworks.<\/span><\/p>

Competing Interests:<\/span> The authors (Puneet Khanna and Manoj Kumar) declare that there are no financial, personal, or professional conflicts of interest that could have inappropriately influenced the research findings or the performance evaluations presented in this study.<\/span><\/p>

Funding:<\/span> This research was conducted as part of the authors’ academic and research activities at Desh Bhagat University, Mandi Gobindgarh. No specific external grants or commercial funding from the insurance industry were received for this work.<\/span><\/p>

Data Availability:<\/span> The analysis is based on secondary data extracted from the annual reports of selected public and private insurance companies and IRDAI (Insurance Regulatory and Development Authority of India) publications. All financial ratios and comparative datasets are available within the manuscript or from the authors upon request.<\/span><\/p>

License:<\/span> An Analysis of Selected Indian Insurance Companies in Comparison Based on Financial Performance<\/span> \u00a9 2025 by Puneet Khanna and Manoj Kumar is licensed under <\/span>CC BY-NC-ND 4.0<\/span>. This work is published by the International Council for Education Research and Training (ICERT).<\/span><\/p>

Ethics Approval:<\/span> As this study is an analytical review of publicly available financial statements and does not involve direct experimentation on human participants, it was deemed exempt from formal ethical review by the Institutional Research Committee of Desh Bhagat University.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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References<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\u00a0<\/p>

  1. Aditya Birla sun life insurance. <\/span>https:\/\/lifeinsurance.adityabirlacapital.com\/about-us\/public-disclosure<\/span><\/p><\/li>

  2. Bajaj Allianz life insurance company. <\/span>https:\/\/www.bajajallianz.com\/about-us\/financial-information.html<\/span><\/p><\/li>

  3. Canara HSBC OBC life insurance company. <\/span>https:\/\/www.canarahsbclife.com\/public-disclosures<\/span><\/a><\/p><\/li>

  4. Shaikhsipai, M., & Lakhani, B. A. (2024). COHORT ANALYSIS OF SAVINGS AND INVESTMENT STRATEGIES AMONG WORKING WOMEN IN AHMEDABAD CITY. <\/span>Shodh Sari-An International Multidisciplinary Journal<\/span>, <\/span>03<\/span>(01), 134\u2013148. https:\/\/doi.org\/10.59231\/sari7661<\/span><\/p><\/li>

  5. HDFC Life Insurance Company. <\/span>https:\/\/www.hdfclife.com\/about-us\/public-disclosure<\/span><\/p><\/li>

  6. ICICI prudential life insurance company. <\/span>https:\/\/www.iciciprulife.com\/aboutus\/inestor-relations\/yearly-public-disclosures.html<\/span><\/p><\/li>

  7. Life Insurance Corporation (LIC) India Company. <\/span>https:\/\/licindia.in\/public-disclosure<\/span><\/p><\/li>

  8. Max Life Insurance Company. <\/span>https:\/\/www.maxlifeinsurance.com\/newsroom\/public-disclosures<\/span><\/p><\/li>

  9. PNB MetLife India insurance company. <\/span>https:\/\/www.pnbmetlife.com\/investor-relations\/public-disclosures\/financial_disclosure\/2022-2023.html<\/span><\/p><\/li>

  10. SBI Life Insurance Company. <\/span>https:\/\/www.sbilife.co.in\/en\/about-us\/investor-relations\/annual-reports<\/span><\/p><\/li>

  11. Tata Aia Life Insurance Company. <\/span>https:\/\/www.tataaia.com\/about-us\/public-disclosure.html<\/span><\/a><\/p><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    Shodh Sari-An International Multidisciplinary Journal Vol-04, Issue-01 (Jan-Mar 2025) An International scholarly\/ academic journal, peer-reviewed\/ refereed journal, ISSN : 2959-1376 An Analysis of Selected Indian Insurance Companies in Comparison Based on Financial Performance Khanna, Puneet1 and Kumar, Manoj2 1Research Scholar, Department of Business Management and Commerce, Desh Bhagat University, Mandi Gobindgarh, Punjab. 2Assistant Professor, Department […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":10106,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"postBodyCss":"","postBodyMargin":[],"postBodyPadding":[],"postBodyBackground":{"backgroundType":"classic","gradient":""},"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-10656","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/pages\/10656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/comments?post=10656"}],"version-history":[{"count":12,"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/pages\/10656\/revisions"}],"predecessor-version":[{"id":31648,"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/pages\/10656\/revisions\/31648"}],"up":[{"embeddable":true,"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/pages\/10106"}],"wp:attachment":[{"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/media?parent=10656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}