Embedded value: Life insurers need to be wary of Mutual Fund challenge

Embedded value: Life insurers need to be wary of Mutual Fund challenge

Assets under management (AUM) of life insurance companies stand at Rs 35,62,385 crore as on December 2018. During FY19, life insurers sold over 2,86,00,000 policies and earned premium of Rs 2,14,672 crore. When LIC was established in 1956, the objective of the government was to mobilise funds for infrastructure development in the country and to enable the common people to secure their life and happiness of their family in case of any unfortunate event resulting in death of the bread earner.

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