{"id":3489,"date":"2024-02-24T12:05:12","date_gmt":"2024-02-24T06:35:12","guid":{"rendered":"https:\/\/journal.ipem.edu.in\/management\/?page_id=3489"},"modified":"2024-03-05T14:20:37","modified_gmt":"2024-03-05T08:50:37","slug":"corporate-social-responsibility-practices-a-study-of-selected-private-life-insurance-companies-in-india","status":"publish","type":"page","link":"https:\/\/journal.ipem.edu.in\/management\/corporate-social-responsibility-practices-a-study-of-selected-private-life-insurance-companies-in-india\/","title":{"rendered":"Corporate Social Responsibility Practices \u2013A Study of Selected Private Life Insurance Companies in India"},"content":{"rendered":"\t\t
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Corporate Social Responsibility Practices A Study of Selected Private Life Insurance Companies in India<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t Unnati Sharma<\/em><\/a>\r\n\r\n\r\n\r\n\r\n\r\n

Vol 17 , Issue 1 , July 2023<\/a> | <\/span>Pages: 85-95\r\n <\/p>\r\n \r\n \r\n\r\n

Published Online: July, 2023<\/span><\/p>\r\n

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  • \n \n \n \n Author Affiliations<\/span> <\/li>\n
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    Author Details<\/b><\/p>\n\n

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    1. <\/b>Unnati Sharma, Ph.D. Research Scholar, Department of Accountancy & Law, Faculty of Commerce,\nDayalbagh Educational Institute (Deemed to be University), Agra (282005) Uttar Pradesh, India\n<\/div>\n<\/div> <\/div>\n\t\t \n
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    The corporate world cannot disregard the idea of Corporate Social Responsibility (CSR) in the current\nglobalized environment. In the corporate world today, Corporate Social Responsibility is the dominant theme.\nA company is measured not merely on its performance but also by its contribution to the society as a part of its\nsocial responsibilities. The term “Corporate Social Responsibility” describes the activities of the company that\nmeet the needs and welfare of the society. As per the New Company Law Government of India also has made\nthis CSR as mandatory and states that companies have to spend two percent of their, average net profits on CSRprojects with a revenue of exceeding Rs. 100 cr. Adopting CSR practices aids in tackling issues related to thenation’s socioeconomic growth, such as reducing poverty and advancing infrastructure and education. etc. Italso highlights the positive image of the corporate with the public, government organizations. The current\nstudy attempts to achieve the goal by highlighting the significance of corporate social responsibility in the\ncurrent global period as well as by examining the numerous CSR efforts and practises implemented by top\nprivate life insurance companies in India. Five Indian private life insurance companies make up the study’s\nsample, and three years’ worth of data are analysed from F.Y .2019-20 to F.Y. 2021-22. The study makes use of\nthe Ackerman CSR model, which aids in concentrating more on internal policy goals and their connection to\nCSR. The information was gathered from secondary sources, such as journals, websites, and annual reports of\ninsurance firms. The survey discovered that all of the chosen private life insurance companies in India run their\nbusinesses and take the needs of the community into account. study also found that all the private insurers\nfocused on their CSR activities and taking CSR initiatives for the welfare of society.\n<\/p>\n

    Keywords<\/p>\n: Corporate Social Responsibility, CSR initiatives, model of CSR. <\/div>\n\t\t \n

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    1. (Dahiya Monika, Sigh Charu, Chaudhary Neeru, 2023) studied on the topic \u201cCorporate social responsibility and dividend policy\u201d Dahiya, M., Singh, S. and Chaudhry, N. (2023), “Corporate social responsibility and dividend policy in India”, Management Decision. <\/li>\n
    2. (Kharabsheh buthiena, Bataineh Khaled, 2023) studied on the topic \u2013 \u201cResearch on Corporate Social Responsibility: Insights and Future Directions, received: 30 January 2023 \/ Revised: 12 February 2023 \/ Accepted: 17 February 2023 \/ Published: 20 February 2023. <\/li>\n
    3. (Subriya B, Sudharani. R, 2023) conducted research on the topic \u2013 \u201cA study on the Impact of corporate social responsibilities on profitability of companies listed in National Stock Exchange\u201d vol 14, Issue 1, 2023, Asian Journal of Management. <\/li>\n
    4. (Du Shuili, Jia Ming, 2022) studied on the topic \u2013 \u201cQuantitative Research on Corporate Social Responsibility: A Quest for Relevance and Rigor in a Quickly Evolving, Turbulent World\u201d Journal of Business Ethics (2022) <\/li>\n
    5. (Dadhich Manish, 2022) \u2013 studied on the topic \u2013 \u201cAn Empirical Study of Investment pattern of Indian Insurance Companies\u201d published by book rivers, www.bookrivers. <\/li>\n
    6. (Goel Anupama, Rathee Himanshu, 2022) studied on the topic \u2013 \u201cCSR Policies in different countries: A comparative analysis\u201d June 20th, 2022, open access peer reviewed chapter. <\/li>\n
    7. (Das Kumar Santanu, Pandey Manas, 2022), studied on the topic \u2013 \u201cAn Empirical analysis of CSR activities of some selected public and private organizations in india\u201d journal of economic integration, vol. 37, 4 Dec 2022. <\/li>\n
    8. (Shaik Abdul Rafi, P Sairtha, 2022) studied on the topic named\u201d A Study on CSR practices and perception on Insurance sector in Kadapa district\u201d. Seybold Report: 17 pp. 31-48 (04), the Seybold Report Journal. <\/li>\n
    9. (Mazikana, Anthony Tapiwa, 2022) conducted a study on \u201cThe Effectiveness of corporate social responsibility in maintaining a sustainable competitive advantage in the Health Insurance Industry\u201d. Available at SSRN: http:\/\/ssrn.com\/abstract. <\/li>\n\n\n
    10. (Debnath Prashant, chellasamy p, 2021) studied on the topic- \u201cAn empirical study on the issues and challenges of CSR activities in india\u201d vol. 13, Issue 4, Asian journal of management. <\/li>\n
    11. (Bhatnagar Anjali, Arora Anjali, 2021) conducted research on the topic \u2013 \u201cCorporate social responsibilities during COVID 19 Pandamic: response of select Indian companies\u201d IJCRT, International open acess peer reviewed, refered journal.www.ijcrt.org, vol 19, issue 8, Aug 2 <\/li>\n
    12. (Aithal P.S, 2021) conducted study on the topic \u2013 \u201cCorporate social responsibilities \u2013 A case study on strategies of Indian private and public sector banks\u201d , IJCSBE , 2021<\/li>\n
    13. (Khan Asif, Chen yen- tezu, 2021) conducted a study on the topic \u2013 \u2018The Role of Corporate Social Responsibility and Corporate Image in Times of Crisis\u2019: The Mediating Role of Customer Trust. International Journal of Environmental Research and Public Health. <\/li>\n
    14. (Przybytniowski JW, 2021) studied on the topic \u201cCorporate Social Responsibility in the era of the changing business market\u201d. Vol.15No. 1 (2021) <\/li>\n
    15. (Kadam Vrushali Rajaram, 2021) has studied on the topic titled \u201cCorporate Social Responsibility Practices \u2013 A Study of select large-scale companies\u201d international journal of multidisciplinary educational research, Peer Reviewed and Refereed Journal: VOLUME:10, ISSUE:1(6), January :2021 Online Copy Available: www.ijmer.in. <\/li>\n
    16. (Mitra Nayan, 2021), studied on the topic \u2013 \u201cImpact of strategic management, corporate social responsibility on firm performance in the post mandate period: evidence from India\u201d International Journal of Corporate Social Responsibility volume- 6, article number: 3 (2021) <\/li>\n
    17. (Aade Akash, Chhabra Hanisha, 2020) – studied on the topic \u2013 \u201cCorporate social responsibility \u2013 A case study on TCS\u201d <\/li>\n
    18. (Koli Archana, Mehta Rutvi, 2020) studied on the topic \u201cCorporate Social Responsibility Practices in the times of COVID-19 \u2013 A study of India\u2019s BFSI sector\u201d. Down to earth.org.in<\/li>\n
    19. (Muthu M. Vinoth ,2020) stusied on the topic-\u201c A study on various welfare schemes by the life insurance corporation of India towards corporate social responsibility\u201dDogo Rangsang Research Journal , www.drsrjournal.com ISSN : 2347-7180Vol-10 Issue-06 No. 6 June 2020. <\/li>\n
    20. (Rafi Abdul, 2019)has studies \u201cA study on awareness and impact of CSR practices of Life Insurance companies with reference to YSR district\u201d. <\/li>\n
    21. (Kaur Sarvjeet, Garg Swati, 2019) studied on the topic \u2013 \u201cFulfillment of corporate social responsibility by Indian companies: A study\u201d Asian Journal of Multidimensional Research (AJMR) Year: 2019, Volume: 8, Issue: 3<\/li>\n
    22. (kumaranil v v kart& Nair hika P, 2019) studied on the topic named \u201ccorporate social responsibility in Indian insurance sector\u201d VOLUME 6 I ISSUE 1 I JAN. \u2013 MARCH 2019, IJRAR- International Journal of Research and Analytical Reviews.<\/li>\n<\/ol>\n <\/div>\n\t\t \n
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      Sharma<\/strong>(2023). Corporate Social Responsibility Practices \u2013A Study of Selected Private Life Insurance Companies in India<\/strong>. Issue No. 1. Vol. 17 p. 85-95<\/p> <\/div>\n\t\t <\/div>\n <\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

      Corporate Social Responsibility Practices A Study of Selected Private Life Insurance Companies in India Unnati Sharma Vol 17 , Issue […]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-3489","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/pages\/3489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/comments?post=3489"}],"version-history":[{"count":5,"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/pages\/3489\/revisions"}],"predecessor-version":[{"id":3761,"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/pages\/3489\/revisions\/3761"}],"wp:attachment":[{"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/media?parent=3489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}