This paper is a review of studies that focuses on the determinants of life insurance. An attempt has been made to unravel and lucidly explain the arcane literature and to bring to the fore, the elements necessary for exploring the determinants of life insurance. The authors utilized a form of explicit review of literature that emphasizes on determinants of life insurance in a cogent manner to engender new systems and viewpoints. A frugal conceptual model has been put forward connecting demographic parameters, market and economic parameters, economic benefit parameters and other parameters specific to life insurance. Therefore, further systematic study on the relation attaching demographic parameters, market and economic parameters, economic benefit parameters and other parameters specific to life insurance, emerge to be extremely pertinent.

Determinants, Demographic parameters, Market and economic parameters, Economic benefit parameters, Life insurance.