Abstract
Objective: The objective of the study is to investigate the relationship between the life insurance sector and the economy in India. Specifically, the aim is to understand the determinants of life insurance demand in the country. This research will build on previous studies that have already established a connection between the life insurance industry and economic variables. Methods: Analyzing the relationship between the growth of the life insurance sector and the Indian economy over a forty-year period (1981-2020) would provide valuable insights into the dynamics between these two important aspects of the country's financial landscape. By examining various macroeconomic factors to identify significant determinants of life insurance demand in India can contribute to a better understanding of the factors that influence people's choices regarding life insurance coverage. Conclusion: These findings highlight the significance of the life insurance sector in contributing to economic growth and the importance of considering this relationship in economic and financial planning. It is crucial to monitor and nurture this connection to maximize the benefits for both the insurance industry and the broader economy.Top of Form
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