The life insurance industry in India has registered an impressive growth since the beginning of 21st century. The market has witnessed dynamic changes including entry of a good number of global players. Life insurance is a big business opportunity in India with a large population and untapped potential. By 2020 financial year, the Indian insurance market is projected to grow six to eight times the size of market in 2010 financial year. Unlike many other commercial products, life insurance goes a long way in providing financial as well as social security to the individuals and their families...