Private insurance players are finally cornering a significant share away from The Life Insurance Corporation of India, starting with the Rs 35 crore pension market. ICICI Prudential Life Insurance Company has garnered more than 25 per cent of the market in the first quarter of fiscal 2003.
LIC has lost significant share of the market, from 100 per cent last fiscal down to less than 70 per cent. Currently, there are three main players