Contents: 1. Introduction. 2. Performance of Life Insurers. 3. Financial Performance of the LIC and Policy Holders’ Satisfaction. 4. Indian Insurance Industry and Life Insurance Corporation of India. 5. Business and financial performance of Life insurance corporation of India: Analysis and Interpretation. 6. Summary of Findings and Suggestions. Insurance is a device which reduces the cost of loss or effect of loss caused by variety of risks. It accumulates funds to meet individual losses and provides safety and security for untoward losses. Life insurance is a contract for payment of sum assured to the insured or the nominee. The policyholder gets an amount during maturity or at specified dates at periodic intervals or the nominee in the event of death. The obligation on the part of the policyholder is the payment of fixed amount known as the “premium” periodically to the corporation. Life insurance is a process by which certainty for uncertainty is ensured. In short, life insurance is the outcome of the economic growth and development of any nation which is accepted as a method to safeguard financial uncertainties caused by untimely death. This book is leaving scope for further research on insurance in doing comparative performance analysis with selected private players of the life insurance industry.