Objectives: This study is to assess efficiency of leading Indian life insurers using data envelopment analysis (DEA).
Methods/Statistical analysis: This study aims to analyze the efficiency performance of top ten Indian life insurers from 2012-2013 to 2016-2017 using data envelopment analysis based on secondary data collected from Insurance Regulatory and Development Authority Annual Reports.
Findings: Findings indicate that the state life insurer i.e. Life Insurance Corporation (LIC) has been efficient throughout the study period. Private life insurers are comparatively new in life insurance sector and are of different sizes therefore exhibited variations in their performance levels. Some private life insurers operated efficiently during the study period.
Application/Improvements: The study brings into light the operating characteristics and efficiencies of the Indian life insurers during the period 2013-2017 and therefore holds important insights for policy makers, practitioners and the decision makers.