Paper Contents
Abstract
The life insurance market in India plays a crucial role in the financial sector by providing long-term savings options and protection to families and individuals. As the sector evolves, it is essential to assess the financial performance and stability of life insurance companies to ensure they can meet their commitments to policyholders. This study evaluates the financial performance of publicly traded life insurance companies in India from 2015 to 2024 using the CARAMEL model. By analysing six key parameters- capital adequacy, asset quality, actuarial and reinsurance issues, management soundness, earnings, and liquidity, the research highlights each companys strengths and areas for improvement. The study reveals how life insurers manage capital, assets, and risk exposure, identifying companies with strong growth potential and those facing challenges. The findings underscore the importance of financial stability and effective risk management for the long-term viability and customer confidence in the rapidly changing market.Keywords: CARAMEL Model,Life Insurance Performance, Capital Adequacy, Asset Quality, Reinsurance and Actuarial Issues, Management Soundness, Earnings, Liquidity.
Copyright
Copyright © 2024 Nishmitha. This is an open access article distributed under the Creative Commons Attribution License.
