Insurance market growth at 08-11%, market share growing with a Compounded annual growth rate 08.40%, new product launches, expanding distribution networks, and increasing use of digital channels, online platform, improved regulatory clarity, Rising Protection Awareness, Increasing uncertainty in life, health complication, rising the burden of medical bills, innovative selling strategies of insurance companies are posing a major opportunities, issue and challenges in insurance sector. Limited numbers of studies have taken place to measure the performances of Private and public sector (Life insurance corporation of India) life insurance. The experts haven’t attempted so far to measure the growth on various performance parameters. hence an attempt has made to measure the performance of Indian life insurance sector including private and public sector life insurance companies during study period of 12 years.