The study on ‘Pricing of Life Insurance Products in India-A performance analysi’ was undertaken at National School of Insurance Education and Research (NASIER). The insurance policy is a contract (generally a standard form contract) between the insurer and the insured, known as the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language. The projects highlights the performance of Life insurance sector vis a vis Non-Life insurance sector as well as the overall performance of Life Insurance products in India. Life insurance is a contract providing for payment of a sum of money to the person assured or failing him to the person entitled to receive the same, on the happening of certain event. Life insurance products contribute not only to the economic development of the country but also to its social development, hence it is important to analyze and understand the different aspects of Life insurance products including the premium.