Government supported insurance schemes are a form of social security in India. These schemes are initiated by the Government to provide protection to certain sections of population against income losses and can be categorized as social security as per the definition of the International Labour Organization (ILO 1984). Haryana is one of the leading states in terms of industrial production, especially passenger cars, two- wheelers, mobile cranes and tractors. Haryana is the second-largest contributor of food grains to India's central pool and accounts for more than 60 per cent of the export of Basmati rice in the country, third- largest exporter of software and one of the preferred destinations for IT/ITeS facilities. During the past 50 years, the world of business has shifted from one dominated by capital to one dominated by knowledge . Both business and academic communities believe that by leveraging knowledge, a business organization in general, and life insurance organizations in particular, can sustain its long-term competitive advantages. Knowledge management is on its way to becoming an integral business function and a new aspect of management for many organizations. Insurance sector is one of the sectors, which has witnessed this change and has tuned itself to the local/global demands particularly after the inception of General Agreement on Trade in Services (GATS). This book traces the development and analyses the performance of life insurance industry in India, since inception of this sector. The present book will also be very useful for regulators and students of Insurance Management and training programmes of Life Insurance companies and the general reader.