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An Analytical Study of Profitability and Liquidity Postions of Selected Life Insurance Companies in India

Received: 5 January 2021    Accepted: 17 March 2021    Published: 26 March 2021
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Abstract

The main objective of this study is to find out the truth which is hidden and which has not been discovered as yet. And this study used to evaluate the liquidity and profitability position of selected HDFC Standard Life insurance Co. Ltd. and SBI Life Co. Ltd. In addition to evaluate which company is performing best among the selected companies and make suggestions for improvement in financial or liquidity position of the selected companies. This study focused on knowing insurance sectors and it is performance in India through study conceptual framework of profitability and liquidity. This study deals with data analysis and interpretation of the different ratios which are useful for current assets, current liabilities, net profit, gross profit, all are use. It includes hypothesis testing by using t-test of HDFC and SBI companies. Simple random sampling was used to select the sample from top banks in India. The study relies largely on secondary data that was obtained from the annual reports and financial statements of the selected HDFC and SBI standard life insurance companies. In addition to the annual reports, different publications have also been used in this study. The study is made for a period of five years from 2014-15 to 2018-19.

Published in International Journal of Finance and Banking Research (Volume 7, Issue 2)
DOI 10.11648/j.ijfbr.20210702.14
Page(s) 58-66
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Profitability, Liquidity, Insurance, Performance, Financial

References
[1] Kishore. R. B. (2001) “A Holistic View of Insurance Reforms and a Blue Print for Strengthening LIC”, The Indian Journal, Jan-June, P 35.
[2] Kapse S. and Kodwanid G (2003) “Insurance as an Investment Option” International Journal of Computer Science & Management Studies, July 2014.
[3] Krishnamurthy S, Mony S. V., Jhaveri N., Bakhshi S, Bhat S and Dixit M. R. (2005) “Insurance Industry in India: Structure, Performance and Future Challenges” International Journal of Computer Science & Management Studies, July 2014.
[4] Rastogi S., and Sarkar R., (2006) “Competitiveness among the Indian life insurers” International Journal of Computer Science & Management Studies, July 2014.
[5] Raman. N. and Gayathri. C (2006) “A study Customers Awareness towards New Insurance Companies” International Journal of Computer Science & Management Studies, July 2014.
[6] Murthy R. Babu and Ansari D., (2009) “The Performance of Life Insurance Corporation of India” International Journal of Computer Science & Management Studies, July 2014.
[7] Bodla, B. S., & Verma, S. R. (2007). Life Insurance Policies in Rural Area Understanding Buyer Behavior. ICFAI Journal of Services Marketing, 5 (4).‏
[8] Barathi, C., Balaji, C. D., & Meitei, C. I. (2011). Innovative Strategies to Catalyse Growth of Indian Life Insurance Sector-An Analytical Review. Indian Journal of Commerce and Management Studies, 2 (4), 136-145.‏
[9] Nena, S. (2013). Performance evaluation of Life Insurance Corporation (LIC) of india. International Journal, 1 (7), 113-118.‏
[10] Keerthi, P., & Vijayalakshmi, R. (2009). A study on the expectations and perceptions of the services in private life insurance companies. SMART Journal of Business Management Studies, 5 (2), 60-64.
[11] ‏Abdulkareem, A. M. (2020). Profitability Performance of HDFC Bank and ICICI Bank: An Analytical and Comparative Study. Global Journal of Management And Business Research.‏
[12] IremHussanieand Bashir Ahmad Joo (2019),“Determinants of Profitability of Life Insurers in India- Panel Evidence", International Journal of Management Studies, Vol. No. 6 (7), pp. 58-65
[13] Parihar, S. S. (2020). LAPSATION AND SUM ASSURED OF LIFE INSURANCE SECTOR IN INDIA. Prestige International Journal of Management and Research, 12 (1/2), 211-216.‏
[14] Deyganto, K. O. & Alemu, A. A. (2019). Factors affecting financial performance of insurance companies operating in Hawassa city administration, Ethiopia. Universal Journal of Accounting and Finance, Vol. 7 (1), Pp. 1-10.
[15] Kumar, M. S., & Priyan, J. V. (2012). A comparative study of public and private life insurance companies in India. The Indian Journal of Commerce, 65 (1), 81-87.‏
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  • APA Style

    Ahmed Mahdi Abdulkareem, Bhavika Rameshbhai Nagvadiya. (2021). An Analytical Study of Profitability and Liquidity Postions of Selected Life Insurance Companies in India. International Journal of Finance and Banking Research, 7(2), 58-66. https://doi.org/10.11648/j.ijfbr.20210702.14

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    ACS Style

    Ahmed Mahdi Abdulkareem; Bhavika Rameshbhai Nagvadiya. An Analytical Study of Profitability and Liquidity Postions of Selected Life Insurance Companies in India. Int. J. Finance Bank. Res. 2021, 7(2), 58-66. doi: 10.11648/j.ijfbr.20210702.14

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    AMA Style

    Ahmed Mahdi Abdulkareem, Bhavika Rameshbhai Nagvadiya. An Analytical Study of Profitability and Liquidity Postions of Selected Life Insurance Companies in India. Int J Finance Bank Res. 2021;7(2):58-66. doi: 10.11648/j.ijfbr.20210702.14

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  • @article{10.11648/j.ijfbr.20210702.14,
      author = {Ahmed Mahdi Abdulkareem and Bhavika Rameshbhai Nagvadiya},
      title = {An Analytical Study of Profitability and Liquidity Postions of Selected Life Insurance Companies in India},
      journal = {International Journal of Finance and Banking Research},
      volume = {7},
      number = {2},
      pages = {58-66},
      doi = {10.11648/j.ijfbr.20210702.14},
      url = {https://doi.org/10.11648/j.ijfbr.20210702.14},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20210702.14},
      abstract = {The main objective of this study is to find out the truth which is hidden and which has not been discovered as yet. And this study used to evaluate the liquidity and profitability position of selected HDFC Standard Life insurance Co. Ltd. and SBI Life Co. Ltd. In addition to evaluate which company is performing best among the selected companies and make suggestions for improvement in financial or liquidity position of the selected companies. This study focused on knowing insurance sectors and it is performance in India through study conceptual framework of profitability and liquidity. This study deals with data analysis and interpretation of the different ratios which are useful for current assets, current liabilities, net profit, gross profit, all are use. It includes hypothesis testing by using t-test of HDFC and SBI companies. Simple random sampling was used to select the sample from top banks in India. The study relies largely on secondary data that was obtained from the annual reports and financial statements of the selected HDFC and SBI standard life insurance companies. In addition to the annual reports, different publications have also been used in this study. The study is made for a period of five years from 2014-15 to 2018-19.},
     year = {2021}
    }
    

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    AU  - Ahmed Mahdi Abdulkareem
    AU  - Bhavika Rameshbhai Nagvadiya
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    DO  - 10.11648/j.ijfbr.20210702.14
    T2  - International Journal of Finance and Banking Research
    JF  - International Journal of Finance and Banking Research
    JO  - International Journal of Finance and Banking Research
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    PB  - Science Publishing Group
    SN  - 2472-2278
    UR  - https://doi.org/10.11648/j.ijfbr.20210702.14
    AB  - The main objective of this study is to find out the truth which is hidden and which has not been discovered as yet. And this study used to evaluate the liquidity and profitability position of selected HDFC Standard Life insurance Co. Ltd. and SBI Life Co. Ltd. In addition to evaluate which company is performing best among the selected companies and make suggestions for improvement in financial or liquidity position of the selected companies. This study focused on knowing insurance sectors and it is performance in India through study conceptual framework of profitability and liquidity. This study deals with data analysis and interpretation of the different ratios which are useful for current assets, current liabilities, net profit, gross profit, all are use. It includes hypothesis testing by using t-test of HDFC and SBI companies. Simple random sampling was used to select the sample from top banks in India. The study relies largely on secondary data that was obtained from the annual reports and financial statements of the selected HDFC and SBI standard life insurance companies. In addition to the annual reports, different publications have also been used in this study. The study is made for a period of five years from 2014-15 to 2018-19.
    VL  - 7
    IS  - 2
    ER  - 

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Author Information
  • Department of Commerce, Saurashtra University, Gugarat, India

  • Department of Commerce, Saurashtra University, Gugarat, India

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