Abstract
The article computes cost, revenue and profit efficiency scores of Indian Life Insurance companies during the period 2013-14 to 2020-21 by employing a Non-Parametric Approach, namely, Data Envelopment Analysis (DEA). The paper also examines the efficiency of Life Insurers across ownership by comparing Public and Private Insurance Sector. The concrete findings suggest that the overall performance of Life insurance companies in terms of economic efficiencies is not satisfactory. The average cost, revenue and profit efficiency is .527, .402 and .589 respectively which is far less than the yardstick of 1. The highest level of inefficiency subsists on the revenue side, which is in turn reflected in the average of profit inefficiency. Significantly inferior efficiency scores in the Private Sector seem to have marred the average efficiency scores of Insurance sector in India.
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