Vol. 2, Issue 7, Part C (2016)

Abstract
A human is stressed over the security of life, property and business for the duration of the life and he takes an excess of consideration of every one of these things, however the danger is still there. To get the security against these dangers, human has created different means. One of such means is Insurance. It can be extra security for the assurance of life and general Insurance for the insurance of property and business. The exhibited research work titled "A Comparative Study of Premium Based Market Share of LIC and Other Private Life Insurance Companies in India" depends on near investigation of premium based piece of the pie of Life Insurance Corporation and other private extra security organizations in India. Life coverage Corporations of India (LIC) is the state claimed biggest player in the Insurance market. Plus, LIC there are 24 Private players working in the business sector. The aggregate Insurance business sector can be judged regarding two parameters-Premiums gathered and Numbers of approaches guaranteed. From the examination, it can be said that piece of the overall industry of more than 70% is with LIC. In this paper scientists have attempted to look at the development of both the divisions and their present piece of the pie in view of premium gathering.