LIC vs private insurers: How LIC fares in premiums, expenses from its peers?

 LIC vs private insurers: How LIC fares in premiums, expenses from its peers?

While LIC premiums are higher, it also has a higher commission ratio as mainly sells through an army of agents. Private players rely on bancassurance and online channels to keep costs low. LIC, which has nearly two thirds of market shares, fairs well in agent productivity and in cost to premium ratio. the insurance has the highest commission- to- premium ratio of 5.5% against the median of 4.4 of the top five private players.