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Insurance business has emerged as one of the prominent areas of financial services during recent times. Nowadays in India, insurance sector is one of the most developing business areas. Through the process of LPG (Liberalization, Privatization, Globalization), Indian economy has been opened up for foreign players as well as private players.For almost four decades LIC (Life Insurance Corporation of India) has been the sole player with virtual monopoly in the life insurance sector.The entry of so many companies in this sector was likely to affect the performance of LIC. These private companies...