The insurance scenario in general and the life insurance in particular has undergone a massive change after liberalization with the entry of private sector insurers. Naturally, an interest has been created to know how the insurers are faring in the post-liberalized environment, particularly the erst-while monopoly public sector company. The study focuses on the financial performance analysis of the insurers in India. The analysis is based on (i) financial parameters under the CARAMELS framework, and(ii) Data Envelopment Analysis (two input-two output model)followed by Spearmans rank...