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HANDBOOKON

INDIAN INSURANCE STATISTICS2016-17

Head OfficeSy. No. 115/1, Financial District, Nanakramguda, Gachibowli,

Hyderabad - 500032, Telangana (INDIA)Phone: +91- 40 - 20204000

Delhi Office Mumbai OfficeGate No.3, 1st Floor, Jeevan Tara Building Royal Insurance Building, Ground FloorParliament Street, New Delhi - 110 001 12, J. Tata Road (Near Church gate)INDIA Mumbai 400 020, INDIAPhone : +91-11-2344 4400 Phone : +91-22-2289 8600Fax : +91-11-2374 7650

Website: www.irdai.gov.inE-mail: [email protected]

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA

MISSION STATEMENT

✓ To protect the interest of and secure fair treatment to policyholders;

✓ To bring about speedy and orderly growth of the insurance industry (includingannuity and superannuation payments), for the benefit of the common manand to provide long term funds for accelerating growth of the economy;

✓ To set, promote, monitor and enforce high standards of integrity, financialsoundness, fair dealing and competence of those it regulates;

✓ To ensure speedy settlement of genuine claims, to prevent insurance fraudsand other malpractices and put in place effective grievance redressalmachinery;

✓ To promote fairness, transparency and orderly conduct in financial marketsdealing with insurance and build a reliable management information systemto enforce high standards of financial soundness amongst market players;

✓ To take action where such standards are inadequate or ineffectively enforced;

✓ To bring about optimum amount of self-regulation in day-to-day working ofthe industry consistent with the requirements of prudential regulation.

Note

For statistics prior to the F.Y. 2013-14, please visitwww.irdai.gov.in

HANDBOOK ON INDIAN INSURANCE STATISTICS 2016-17

i

CONTENTSParticulars Page

No.

SUMMARY

A Summary of Indian Life Insurance Sector 3

B Summary of Indian General Insurance Sector 5

C International Comparison of Insurance Penetration 6

D International Comparison of Insurance Density 7

TABLES

SI. PART - INo. LIFE INSURANCE

1 Life Insurance Companies Operating in India 112 First Year Life Insurance Premium 123 Total Life Insurance Premium 134 Individual New Business Performance of Life Insurers - Channel Wise 145 Group New Business Performance of Life Insurers - Channel Wise 156 State-Wise Individual New Business (Life) Underwritten 167 State-Wise Group New Business (Life) Underwritten 178 Number of Individual New Policies Issued (Life) 189 Individual business in force (within india) (number of policies) (2013-14 to 2015-16) 199A Individual business in force (within india) (number of policies) (2016-17) 2810 Individual Business in force (within india) (Sum Assured) (2013-14 to 2015-16) 4010A Individual Business in force (within india) (Sum Assured) (2016-17) 4911 Linked and Non-Linked Premium of Life Insurers 6112 Linked and Non-Linked Commission of Life Insurers 6413 Individual Death Claims of Life Insurers 6714 Group Death Claims of Life Insurers 6815 Duration-Wise Settlement of Death Claims - Individual Category 6916 Duration-Wise Settlement of Death Claims - Group Category 7817 Assets Under Management of Life Insurers (As on 31st March) 8718 Equity Share Capital of Life Insurers (As on 31st March) 8819 Solvency Ratio of Life Insurers (As at the end of the Quarter) 8920 Life Insurers - Policyholders Account 9021 Life Insurers - Shareholders Account 9922 Life Insurers - Balance Sheet (As on 31st March) 10723 Life Insurance Corporation of India - Policyholders Account Capital Redemption 115

and Annuity Certain Business (Non-Participating)24 Life Insurance Corporation of India - Shareholders Account Capital Redemption 116

and Annuity Certain Business (Non-Participating)25 Life Insurance Corporation of India - Balance Sheet Capital Redemption and 117

Annuity Certain Business (Non-Participating) (As on 31st March)


26 Individual Business (within India) (Excluding VIP) - Details of Forfeiture/ 118Lapsed Policies in Respect of Non-Linked Business

27 Persistency of Life Insurance Policies (Based on Number of Policies) 11928 Number of Individual Agents of Life Insurers (As on 31st March) 12029 Number of Corporate Agents of Life Insurers (As on 31st March) 12130 Average Number of Policies Sold by Individual and Corporate Agents 12231 Average New Business Premium Income for Individual and Corporate Agents 12332 Average Premium Income Per Policy for Individual and Corporate Agents 12433 State-Wise Distribution of Offices of Life Insurers 12534 Region-Wise Distribution of Offices of Life Insurers (As on 31st March) 13435 State-Wise Distribution of Individual Agents of Life Insurers 13536 New Business Under Micro Insurance Portfolio (Life Insurers) 14437 Health Insurance business in respect of Health Products offered by

Life Insurance Companies: New Business(First Year Premium from Regular &Single Premium Policies) -Gross Premium and Number of Persons Covered (2016-17) 146

38 Health Insurance business in respect of Riders attached to theLife Insurance products offered by Life Insurance Companies:New Business -Gross Premium and Number of Persons Covered (2016-17) 147

39 Health Insurance business in respect of Health Products offeredby Life Insurance Companies: Renewal Business -Gross Premium andNumber of Persons Covered (2016-17) 148

40 Health Insurance business in respect of Riders attached toLife Insurance Products offered by Life Insurance Companies:Renewal Business -Gross Premium and Number of Persons Covered (2016-17) 149

41 Death Claims Under Micro Insurance Portfolio - Individual Category 15042 Death Claims Under Micro Insurance Portfolio - Group Category 15443 Duration-Wise Settlement of Claims- Micro Insurance - Individual Category 15844 Duration-Wise Settlement of Claims- Micro Insurance - Group Category 16245 Insurer-Wise Number of Micro-Insurance Agents (Life) (As on 31st March) 16646 Status of Grievances - Life Insurers 16747 Performance of Ombudsmen at Different Centers (Life Insurance) 168

PART – IIGENERAL & HEALTH INSURANCE

48 General insurance companies operating in India 17148A List of foreign re-insurers branch offices / Llyod's India branch in India as at 31-03-2017 17248B List of IFSC insurance offices (IIOS) as at 31-03-2017 17249 Gross Direct Premium income of general insurers (within & outside India) 17350 Segment-wise Gross Direct Premium Income of General Insurers (Within India) 17451 Segment-Wise Net Premium Income in India (Earned) - General Insurance 17652 Channel-Wise Gross Direct Premium Income - General Insurance 17853 State-Wise Gross Direct Premium Income - General Insurance 18154 Number of Polices issued - General Insurers 18655 Net Retentions of General Insurers as a percentage of Gross Direct Premium 18656 Incurred Claims Ratio - Public & Private Sector General Insurers 187

SI. Particulars PageNo. No.

ii


57 Underwriting Experience and Profits of Public Sector General Insurers (2013-14 & 2014-15) 19357A Underwriting Experience and Profits of Public Sector General

& Specialised Insurers (2015-16 & 2016-17) 19458 Underwriting Experience and Profits of Private Sector General Insurers (2013-14 & 2014-15) 19658A Underwriting Experience and Profits of Private Sector General Insurers

& Standalone Health Insurers (2015-16 & 2016-17) 20059 Underwriting Experience of GIC (2013-14 & 2014-15) 20659A Underwriting Experience and Profits of Reinsurers (2015-16 & 2016-17) 20659B Branches of Foreign Reinsurers - Underwriting Experience and Profits 20760 Assets Under Management of General Insurers (As on 31st March) 20861 Equity Share Capital of General Insurers (As on 31st March) 20961A Assigned Capital of Branches of Foreign Re-insurers 21062 Solvency Ratio of General Insurers 21163 Public Sector General Insurers - Policyholders Account (2013-14 & 2014-15) 21263A Public Sector General Insurers - Policyholders Account (2015-16 & 2016-17) 21764 Public Sector General Insurers - Shareholders Account (2013-14 & 2014-15) 22264A Public Sector General Insurers - Shareholders Account (2015-16 & 2016-17) 22365 Public Sector General Insurers - Balance Sheet (As on 31st March) (2014 & 2015) 22465A Public Sector General Insurers - Balance Sheet (As on 31st March) (2016 & 2017) 22566 Private Sector General Insurers - Policyholders Account (2013-14 & 2014-15) 22666A Private Sector General Insurers - Policyholders Account (2015-16 & 2016-17) 24467 Private Sector General Insurers - Shareholders Account (2013-14 & 2014-15) 26367A Private Sector General Insurers - Shareholders Account (2015-16 & 2016-17) 26868 Private Sector General Insurers - Balance Sheet (As on 31st March) (2014 & 2015) 27368A Private Sector General Insurers - Balance Sheet (As on 31st March) (2016 & 2017) 27869 Export Credit Guarantee Corporation of India Ltd. (ECGC) - Policyholders Account 28370 Export Credit Guarantee Corporation of India Ltd. (ECGC)

Shareholders Account (2013-14 & 2014-15) 28470A Export Credit Guarantee Corporation of India Ltd. (ECGC)

Shareholders Account (2015-16 & 2016-17) 28571 Export Credit Guarantee Corporation of India Ltd. (ECGC)

Balance Sheet (As on 31st March) (2014 & 2015) 28671A Export Credit Guarantee Corporation of India Ltd. (ECGC)

Balance Sheet (As on 31st March) (2016 & 2017) 28772 Agriculture Insurance Company of India Ltd. (AIC) - Policyholders Account (2013-14 & 2014-15) 28872A Agriculture Insurance Company of India Ltd. (AIC) - Policyholders Account (2015-16 & 2016-17) 28973 Agriculture Insurance Company of India Ltd. (AIC)

Shareholders Account (2013-14 & 2014-15) 29073A Agriculture Insurance Company of India Ltd. (AIC)

Shareholders Account (2015-16 & 2016-17) 29174 Agriculture Insurance Company of India Ltd. (AIC)

Balance Sheet (As on 31st March) (2014 & 2015) 29274A Agriculture Insurance Company of India Ltd. (AIC)

Balance Sheet (As on 31st March) (2016 & 2017)) 293

iii




iv

75 Reinsurer: Policyholders Account (Public Sector GIC-Re) (2013-14 to 2015-16) 29475A Reinsurers: Policyholders Account (2016-17) 29775B Branches of Foreign Reinsurers - Policyholders' Account (2016-17) 29876 Reinsurer: Shareholders Account (Public Sector GIC-Re) (2013-14 to 2014-15) 30176A Reinsurers: Shareholders Account (2015-16 & 2016-17) 30276B Branches of Foreign Reinsurers - Shareholders Account (2016-17) 30377 Reinsurer : Balance Sheet (As on 31st March) (2014 & 2015) 30477A Reinsurers : Balance Sheet (As on 31st March) (2016 & 2017) 30577B Branches of Foreign Reinsurers: Balance Sheet (As on 31st March) (2017) 30678 Health Insurance (Excluding Travel-domestic/overseas & Personal accident) 307

Gross Premium and Number of Persons Covered (2013-14 to 2016-17)79 Health Insurance (Excluding Travel-domestic/overseas & Personal accident Insurance) 311

Incurred Claims Ratio (2013-14 to 2016-17)80 Personal Accident Insurance: Gross Premium and Number of Persons Covered

(2013-14 to 2016-17) 31581 Personal Accident Insurance: Incurred Claims Ratio (2013-14 to 2016-17) 32082 Overseas Travel Insurance: Gross Premium and Number of Persons Covered

(2013-14 to 2016-17) 32583 Overseas Travel Insurance: Incurred Claims Ratio (2013-14 to 2016-17) 32984 Domestic Travel Insurance: Gross Premium and

Number of Persons Covered (2013-14 to 2016-17) 33385 Domestic Travel Insurance: Incurred Claims Ratio (2013-14 to 2016-17) 33786 State-Wise Health Insurance Business (Excluding Travel & Personal Accident Business)

(2014-15 to 2016-17) 34187 State-Wise Personal Accident Insurance Business (2014-15 to 2016-17) 35388 Channel-Wise Performance of Health Insurance Business Excluding Travel 366

(Domestic/Overseas) and Personal Accident Insurance Business (2014-15 to 2016-17)89 Details of Claims Development & Ageing - Health Insurance Business Excluding Travel 369

(Domestic/Overseas) and Personal Accident Insurance Business (2014-15 to 2016-17)90 Standalone Health Insurers - Policyholders Account (2013-14 & 2014-15) 37590A Standalone Health Insurers - Policyholders Account (2015-16 & 2016-17) 37691 Standalone Health Insurers - Shareholders Account (2013-14 & 2014-15) 37791A Standalone Health Insurers - Shareholders Account (2015-16 & 2016-17) 37892 Standalone Health Insurers - Balance Sheet (As on 31st March) (2014 & 2015) 37992A Standalone Health Insurers - Balance Sheet (As on 31st March) (2016 & 2017) 38093 State-Wise Number of Offices of General and Standalone Insurers

(As on 31st March) (2014 to 2017) 38194 State-Wise Number of Registered Brokers (2014 to 2017) 39195 State-wise Number of Insurance Marketing Firms (IMF) (As on 31st March) (2016 & 2017) 39196 Status of Grievances - General Insurers (2013-14 to 2016-17) 39297 Performance of Ombudsmen at different centers - General Insurance (2016-17) 393

PART - IIILIFE AND GENERAL INSURANCE COMBINED

98 Performance of Ombudsmen at different centers 397(Life and General Insurance Combined) (2016-17)


SUMMARY


3

A. SUMMARY OF INDIAN LIFE INSURANCE SECTOR

PARTICULARS Unit 2013-14 2014-15 2015-16 2016-17

PROFILE

No of companies As on 31st March Nos. 24 24 24 24

No of life offices As on 31st March Nos. 11032 11033 11071 10954

Insurance penetration# In per cent 3.1 2.6 2.72 2.72

Insurance density# US $ 41 44 43.2 46.5

# Source: Swiss Re-sigma reports

BUSINESS FIGURES

Number of new policies issued FY In Lakhs 408.72 259.08 267.38 264.56

First year premium (Including single premium) FY (` Crore) 120325.22 113329.52 138765.99 175202.68

Total Premium FY (` Crore) 314301.66 328102.01 366943.23 418476.62

Market share of LIC (based on Total Premium) FY In per cent 75.39 73.05 72.61 71.81

Individual Business in Force (Number of policies) FY In Thousands 334802.21 326296.62 327065.11 328442.32

Individual Business in Force (Sum Assured) FY (` Crore) 6646516.31 7553045.10 8494501.78 9845203.55

INTERMEDIARIES

No of individual agents As on 31st March Nos. 2188500 2067907 2016565 2088522

No of corporate agents As on 31st March Nos. 689 503 416 456

Commission paid FY (` Lakh) 2084637 1946068 2026669 2211715

Operating Expenses related to Insurance Business FY (` Lakh) 3746541 3685916 3877789 4613888

POLICYHOLDERS' SERVICES

No. of claims submitted (Individual-death) FY No. of policies 873094 869332 869619 873462

No of claims submitted (Group-death) FY No of Lives 411647 452625 530949 706431

Amount Claimed (Individual) FY (` Crore) 11533.28 12516.94 13386.39 14479.45

Amount Claimed (Group) FY (` Crore) 3174.12 3588.61 4891.9 6326.09

Total Benefits Paid FY (` crore) 216396 210915 204454 236340

Channel-wise New Business - Amount of Premium

(Individual plus Group)

Individual agents FY (` Crore) 48831.45 41246.70 41175.78 54983.81

Corporate agents-Banks FY (` Crore) 11327.20 12830.52 15253.83 20049.29

Corporate agents-Others FY (` Crore) 1252.36 1421.01 1582.02 1335.6

Brokers FY (` Crore) 1267.42 1451.03 1441.65 1757.9

Direct selling FY (` Crore) 57477.59 56218.38 78970.87 96451.74

MI Agents FY (` Crore) 17.19 21.26 20.22

Common Service Centres(CSCs) FY (` Crore) 0.32 1 1.54

Web-aggregators FY (` Crore) 0.03 46.36

IMF FY (` Crore) 0.03 14.52


4

A. SUMMARY OF INDIAN LIFE INSURANCE SECTOR (Conld.)

On-line FY (` Crore) 302.83 418.06

Point of sale FY (` Crore)

others if any FY (` Crore) -1.13 -1.12

Total FY (` Crore) 120156.02 113185.15 138748.17 175077.92

Referrals FY (` Crore) 19.64 7.98 14.61 25.83

Channel Wise-New Business -

No. of Lives Covered (Individual plus Group)

Individual agents FY In Lakhs 484.37 285.89 248.01 237.03

Corporate agents-Banks FY In Lakhs 56.10 69.00 85.16 57.77

Corporate agents-Others FY In Lakhs 53.23 344.16 288.74 69.96

Brokers FY In Lakhs 41.09 57.94 87.62 141.36

Direct selling FY In Lakhs 713.68 725.22 1270.20 1546.75

Common Service Centres(CSCs) FY In Lakhs 0.02 0.08 0.06

MI Agents FY In Lakhs 5.08 5.49 6.86

Web Aggregators FY in Lakhs 0.00 0.19

IMF FY in Lakhs 0.00 0.03

Online FY in Lakhs 2.05 2.60

others if any FY in Lakhs 0.01 0.00

Total FY In Lakhs 1348.47 1487.31 1987.36 2062.61

Referrals FY In Lakhs 0.13 0.09 0.11 0.15

Region Wise distribution of Offices

Metro As on 31st March Nos. 1048 1083 1667 2425

Urban As on 31st March Nos. 2543 2489 3525 3136

Semi-urban As on 31st March Nos. 5381 4803

Rural As on 31st March Nos. 498 590

Unclassified As on 31st March Nos. 7441 7461

Total As on 31st March Nos. 11032 11033 11071 10954

Assets Under Management

Life Fund As on 31st March (` Crore) 1288224.97 1495309.14 1697452.94 1907952.88

Pension & General Annuity & Group fund As on 31st March (` Crore) 337579.44 389472.57 464203.35 566399.18

Unit ULIP Fund As on 31st March (` Crore) 331661.16 362740.47 340412.00 379841.04

Total Fund As on 31st March (` Crore) 1957465.57 2247522.18 2502068.29 2854193.10

Profit /Loss after tax As on 31st March (` Lakh) 758783 761131 741543 772789

Equity Capital As on 31st March (` Crore) 25938.51 26239.55 26691.46 26956.94

REDRESSEL OF CONSUMER GRIEVANCES

No of grievances reported during the year FY Nos. 374620 278992 204701 120847

No. of complaints reported with the Ombudsmen

at difference centres FY Nos. 17512 14339 17257 16744

PARTICULARS Unit 2013-14 2014-15 2015-16 2016-17


5

B. SUMMARY OF INDIAN GENERAL INSURANCE SECTOR

PARTICULARS Remarks Unit 2013-14 2014-15 2015-16 2016-17

PROFILE

No of General Insurance companies (including reinsurers) As on 31st March Nos. 29 29 30 31

No. of foreign reinsurers branches including Lloyd's India As on 31st March Nos. 7

No. of branch offices As on 31st March Nos. 9872 10407 10803 11141

Insurance penetration In percent 0.80 0.70 0.72 0.77

Insurance density US $ 11 11 11.50 13.20

BUSINESS FIGURES

Number of new policies issued excluding

Standalone health Insurers FY In Lakhs 1048.23 1202.24 1257.61 1525.33

Gross Direct Premium (Within & Outside India) FY ( ` Crore) 79934 87151 99333 130971

Market share of PSUs - Gen.Ins.Cos.

Including specialised (GDP within India) In Percent 55.83 55.09 54.50 53.44

Segment Wise Gross Direct Premium (Within India )

Fire FY ( ` Crore) 7362.63 8056.54 8731.46 9538.01

Marine FY ( ` Crore) 3161.80 3020.06 2984.38 2917.47

Motor FY ( ` Crore) 33822.75 37379.32 42300.86 50250.53

Health FY ( ` Crore) 19634.30 22636.57 27457.30 34526.61

Others FY ( ` Crore) 13572.34 13593.24 14905.37 30895.72

Total FY ( ` Crore) 77553.81 84685.73 96379.37 128128.34

Net Retentions of General Insurers

(including indian reinsurers)

Fire FY In Percent 69.24 64.54 63.01 57.03

Marine Cargo FY In Percent 85.99 81.59 81.01 85.19

Marine Hull FY In Percent 31.94 35.47 44.51 20.03

Motor FY In Percent 100.00 99.67 99.20 97.02

Engineering FY In Percent 71.07 71.80 67.23 68.25

Aviation FY In Percent 1.00 38.91 27.15 27.85

Other miscellaneous FY In Percent 89.43 88.14 84.28 78.83

Total- All Segments FY In Percent 90.32 89.57 87.72 83.17

Incurred Claims Ratio

Fire FY In Percent 76.54 73.78 74.44 84.38

Marine FY In Percent 63.37 67.44 72.05 74.98

Motor FY In Percent 79.50 77.14 81.18 88.17

Health FY In Percent 97.05 96.93 98.46 101.05

Others FY In Percent 72.96 73.91 75.91 81.91

Total- All Segments FY In Percent 81.98 81.70 85.06 90.91

Underwriting Experience FY ( ` Crore) (7640.81) (10576) (14958.96) (18840.41)

Assets Under Management As on 31st March ( ` Crore) 149536 172144 188126 222344

Equity Share Capital As on 31st March ( ` Crore) 10240.21 11504.31 12603.39 13127.82

Assigned capital of branches of foreign re-insurers As on 31st March ( ` Crore) 1117.81

Commission expenses FY ( ` Lakhs) 462369 521200 578649 660166

Operating expenses related to Insurance business FY ( ` Crore) 16250.67 20206.37 23245 25594.35

Income from investments FY ( ` Crore) 14319 16607 19077.82 21730.28

Profit after tax FY ( ` Lakhs) 464906 463913 323849 84538

REDRESSEL OF CONSUMER GRIEVANCES

No of grievances reported during the year 63335 60688 59083 52104

No. of complaints reported with the Ombudsmen

at difference centres 8803 7145 8920 10883

*values in brackets are negative


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25

47

.71

15

0.6

13

97

.1

Rus

sia

19

9.0

19

.01

80

.01

81

.02

0.0

16

1.0

11

7.0

15

.01

02

.01

22

.82

2.4

10

0.3

Sou

th A

fric

a1

02

5.0

84

4.0

18

1.0

92

5.0

74

8.0

17

6.0

84

3.0

68

8.0

15

5.0

76

2.5

61

5.8

14

6.7

Sw

itze

rlan

d7

70

1.0

42

11

.03

49

0.0

79

34

.04

39

1.0

35

42

.07

37

0.0

40

79

.03

29

2.0

69

33

.53

70

0.3

32

33

.2

Uni

ted

Kin

gdom

45

61

.03

47

4.0

10

87

.04

82

3.0

36

38

.01

18

5.0

43

59

.03

29

2.0

10

67

.04

06

3.6

30

33

.21

03

0.5

Uni

ted

Sta

tes

39

79

.01

68

4.0

22

96

.04

01

7.0

16

57

.02

36

0.0

40

96

.01

71

9.0

23

77

.04

17

4.1

17

24

.92

44

9.2

Asi

an C

oun

trie

s

Hon

g K

ong

50

02

.04

44

5.0

55

7.0

56

47

.05

07

1.0

57

5.0

62

71

.05

65

5.0

61

6.0

76

78

.87

06

5.6

61

3.2

Indi

a#5

2.0

41

.01

1.0

55

.04

4.0

11

.05

5.0

43

.01

2.0

59

.74

6.5

13

.2

Japa

n#4

20

7.0

33

46

.08

61

.03

77

8.0

29

26

.08

52

.03

55

4.0

27

17

.08

37

.03

73

1.7

28

03

.49

28

.3

Mal

aysi

a#5

18

.03

41

.01

76

.05

24

.03

38

.01

86

.04

72

.03

16

.01

57

.04

52

.22

98

.31

53

.9

Pak

ista

n9

.06

.03

.01

1.0

7.0

4.0

12

.08

.04

.01

3.1

9.2

3.9

PR

Chi

na2

01

.01

10

.09

1.0

23

5.0

12

7.0

10

9.0

28

1.0

15

3.0

12

8.0

33

7.1

18

9.9

14

7.2

Sin

gapo

re3

25

1.0

23

88

.08

63

.03

75

9.0

28

40

.09

19

.03

82

5.0

29

32

.08

94

.03

77

6.8

28

94

.58

82

.4

Sou

th K

orea

#2

89

5.0

18

16

.01

07

9.0

31

63

.02

01

4.0

11

49

.03

03

4.0

19

40

.01

09

4.0

33

61

.92

04

9.6

13

12

.3

Sri

Lan

ka3

6.0

16

.02

1.0

40

.01

7.0

23

.04

3.0

19

.02

5.0

45

.62

1.2

24

.5

Tai

wan

38

86

.03

20

4.0

68

2.0

40

72

.03

37

1.0

70

1.0

40

94

.03

39

7.0

69

8.0

43

20

.73

59

8.7

72

2.0

Tha

iland

31

0.0

21

4.0

96

.03

23

.01

98

.01

25

.03

19

.02

15

.01

04

.03

23

.42

22

.01

01

.4

Wor

ld6

52

.03

66

.02

85

.06

62

.03

68

.02

94

.06

21

.03

46

.02

76

.06

38

.33

53

.02

85

.3

Sou

rce:

Sw

iss

Re,

Sig

ma

vario

us v

olum

es*

Insu

ranc

e de

nsity

is m

easu

red

as r

atio

of

prem

ium

(in

US

Dol

lars

) to

tot

al p

opul

atio

n#

data

rel

ates

to

finan

cial

yea

r.


PART-ILIFE INSURANCE


11

TAB

LE

1 :

LIF

E IN

SU

RA

NC

E C

OM

PAN

IES

OP

ER

AT

ING

IN IN

DIA

*

In

sure

rs

F

ore

ign

Par

tner

sR

egn

.D

ate

of

Year

of

No

.R

egis

trat

ion

Op

erat

ion

PR

IVA

TE

SE

CTO

R

Aeg

on L

ife In

sura

nce

Com

pany

Ltd

.A

egon

Indi

a H

oldi

ngs

BV,

Net

herla

nds

138

27.0

6.20

0820

08-0

9

Avi

va L

ife In

sura

nce

Com

pany

Indi

a Lt

d.A

viva

Inte

rnat

iona

l Hol

ding

s Lt

d. U

K12

214

.05.

2002

2002

-03

Baj

aj A

llian

z Li

fe In

sura

nce

Com

pany

Ltd

.A

llian

z, S

E G

erm

any

116

03.0

8.20

0120

01-0

2

Bha

rti A

XA

Life

Insu

ranc

e C

ompa

ny L

td.

AX

A In

dia

Hol

ding

s, F

ranc

e13

014

.07.

2006

2006

-07

Birl

a S

unlif

e In

sura

nce

Com

pany

Ltd

.S

un L

ife F

inan

cial

(In

dia)

Insu

ranc

e In

vest

men

t Inc

, Can

ada

109

31.0

1.20

0120

00-0

1

Can

ara

HS

BC

OB

C L

ife In

sura

nce

Com

pany

Ltd

.H

SB

C In

sura

nce

(Asi

a P

acifi

c) H

oldi

ngs

Ltd.

UK

136

08.0

5.20

0820

08-0

9

DH

FL

Pra

mer

ica

Life

Insu

ranc

e C

ompa

ny L

td.

Pru

dent

ial I

nter

natio

nal I

nsur

ance

Hol

ding

s Lt

d. U

SA

140

27.0

6.20

0820

08-0

9

Ede

lwei

ss T

okio

Life

Insu

ranc

e C

ompa

ny L

td.

Toki

o M

arin

e &

Nic

hido

Fire

Insu

ranc

e C

ompa

ny L

td. J

apan

147

10.0

5.20

1120

11-1

2

Exi

de L

ife In

sura

nce

Com

pany

Ltd

.--

-11

402

.08.

2001

2001

-02

Futu

re G

ener

ali I

ndia

Life

Insu

ranc

e C

ompa

ny L

td.

Par

ticip

atie

Maa

tsch

apij

Gra

afss

chap

Hol

land

NV,

Net

herla

nds

133

04.0

9.20

0720

07-0

8

HD

FC

Sta

ndar

d Li

fe In

sura

nce

Com

pany

Ltd

.S

tand

ard

Life

(M

aurit

ius

Hol

ding

s) 2

006,

Ltd

. UK

101

23.1

0.20

0020

00-0

1

ICIC

I Pru

dent

ial L

ife In

sura

nce

Com

pany

Ltd

.P

rude

ntia

l Cor

pora

tion

Hol

ding

s Lt

d. U

K10

524

.11.

2000

2000

-01

IDB

I Fed

eral

Life

Insu

ranc

e C

ompa

ny L

td.

Aeg

is In

sura

nce

Inte

rnat

iona

l NV

Net

herla

nds

135

19.1

2.20

0720

07-0

8

Indi

aFirs

t Life

Insu

ranc

e C

ompa

ny L

td.

Lega

l & G

ener

al M

iddl

e E

ast L

td.

143

05.1

1.20

0920

09-1

0

Kot

ak M

ahin

dra

OM

Life

Insu

ranc

e Lt

d.O

ld M

utua

l Plc

, UK

107

10.0

1.20

0120

01-0

2

Max

Life

Ins

uran

ce C

ompa

ny L

td.

Mits

ui S

umito

mo

Insu

ranc

e C

ompa

ny L

td. J

apan

104

15.1

1.20

0020

00-0

1

PN

B M

etlif

e In

dia

Insu

ranc

e C

ompa

ny L

td.

Met

life

Inte

rnat

iona

l Hol

ding

s In

c, U

SA

117

06.0

8.20

0120

01-0

2

Rel

ianc

e N

ippo

n L

ife In

sura

nce

Com

pany

Ltd

.N

ippo

n Li

fe In

sura

nce

Com

pany

Ltd

. Jap

an12

103

.01.

2002

2001

-02

Sah

ara

Indi

a Li

fe In

sura

nce

Com

pany

Ltd

.--

-12

706

.02.

2004

2004

-05

SB

I Life

Insu

ranc

e C

ompa

ny L

td.

BN

P P

arib

as C

ardi

f, Fr

ance

111

29.0

3.20

0120

01-0

2

Shr

iram

Life

Insu

ranc

e C

ompa

ny L

td.

Sam

lam

Em

ergi

ng M

arke

ts (

Mar

uitiu

s) L

imite

d12

817

.11.

2005

2005

-06

Sta

r U

nion

Dai

-ichi

Life

Insu

ranc

e C

ompa

ny L

td.

Dai

-ichi

Life

Insu

ranc

e C

ompa

ny L

td. J

apan

142

26.1

2.20

0820

08-0

9

TATA

AIA

Life

Insu

ranc

e C

ompa

ny L

td.

Am

eric

an In

tern

atio

nal A

ssur

ance

Com

pany

(Ber

mud

a) L

td.

110

12.0

2.20

0120

01-0

2

PU

BL

IC S

EC

TOR

Life

Insu

ranc

e C

orpo

ratio

n of

Indi

a--

-51

201

.09.

1956

1956

-57

* as

on

31st

Mar

ch, 2

017


12

TABLE 2: FIRST YEAR LIFE INSURANCE PREMIUM(` Crore)

INSURER 2013-14 2014-15 2015-16 2016-17

Aegon 147.22 207.50 136.33 99.57

Aviva 593.76 556.89 320.80 243.91

Bajaj Allianz 2592.03 2702.10 2884.52 3290.26

Bharti AXA 375.61 474.20 539.49 608.61

Birla Sunlife 1697.49 1937.94 2220.31 2534.26

Canara HSBC 608.07 476.98 859.18 982.97

DHFL Pramerica 172.95 579.59 727.02 873.93

Edelweiss Tokio 80.72 122.42 183.59 227.99

Exide Life 567.81 644.75 632.85 862.76

Future Generali 224.90 252.41 255.59 399.87

HDFC Standard 4038.93 5492.10 6487.22 8696.36

ICICI Prudential 3759.59 5332.13 6765.75 7863.30

IDBI Federal 315.69 484.50 588.40 793.55

IndiaFirst 1681.36 1538.67 1478.10 1670.85

Kotak Mahindra 1271.81 1540.18 2209.66 2849.74

Max Life 2261.60 2572.60 2881.71 3666.35

PNB Metlife 675.89 829.06 1003.17 1148.78

Reliance Nippon 1933.99 2069.69 1558.33 1051.58

Sahara 65.09 38.44 43.43 44.64

SBI Life 5065.48 5529.16 7106.58 10143.86

Shriram Life 389.83 498.52 693.79 733.89

Star Union Dai-ichi 562.85 629.93 557.88 700.11

Tata AIA 433.76 312.05 740.79 1132.19

Private Total 29516.43 34821.81 40874.48 50619.37

(-4.01) (17.97) (17.38) (23.84)

LIC 90808.79 78507.72 97891.51 124583.31

(18.53) (-13.55) (24.69) (27.27)

Industry Total 120325.22 113329.52 138765.99 175202.68

(12.08) (-5.82) (22.44) (26.26)

Note: 1) Figures in the brackets represent the growth over the previous year in per cent.2) Previous years figures revised by insurers3) First year Life Insurance Premium includes single premium


13

TABLE 3: TOTAL LIFE INSURANCE PREMIUM(` Crore)

INSURER 2013-14 2014-15 2015-16 2016-17

Aegon 453.00 559.20 501.60 450.72

Aviva 1878.10 1796.25 1493.15 1336.51

Bajaj Allianz 5843.14 6017.30 5897.31 6183.32

Bharti AXA 872.65 1053.32 1208.33 1396.50

Birla Sunlife 4833.05 5233.22 5579.71 5723.96

Canara HSBC 1823.42 1657.02 2059.96 2294.71

DHFL Pramerica 305.86 735.10 920.21 1142.10

Edelweiss Tokio 110.90 193.08 310.07 441.33

Exide Life 1830.67 2027.48 2046.99 2408.58

Future Generali 634.16 604.25 592.50 739.85

HDFC Standard 12062.90 14829.90 16312.98 19445.49

ICICI Prudential 12428.65 15306.62 19164.39 22354.00

IDBI Federal 826.25 1069.62 1239.67 1565.19

IndiaFirst 2143.36 2034.11 1967.40 2265.17

Kotak Mahindra 2700.79 3038.05 3971.68 5139.55

Max Life 7278.54 8171.62 9216.16 10780.40

PNB Metlife 2240.59 2461.19 2827.83 3236.08

Reliance Nippon 4283.40 4621.08 4398.12 4026.82

Sahara 204.63 166.86 157.05 153.94

SBI Life 10738.60 12867.11 15825.36 21015.13

Shriram Life 594.24 734.66 1022.11 1207.94

Star Union Dai-ichi 948.75 1134.68 1307.47 1510.88

Tata AIA 2323.70 2122.66 2478.96 3171.08

Private Total 77359.36 88434.36 100499.03 117989.25

(-1.33) (14.32) (13.64) (17.40)

LIC 236942.30 239667.65 266444.21 300487.36

(13.48) (1.15) (11.17) (12.78)

Industry Total 314301.66 328102.01 366943.23 418476.61

(9.44) (4.39) (11.84) (14.04)

Note: 1) Figures in the brackets represent the growth over the previous year in percent.


14

TA

BL

E 4

: IN

DIV

IDU

AL

NE

W B

US

INE

SS

PE

RF

OR

MA

NC

E O

F L

IFE

INS

UR

ER

S -

CH

AN

NE

L W

ISE

(Pre

miu

m in

` C

rore

)

PA

RT

ICU

LA

RS

NU

MB

ER

OF

PO

LIC

IES

ISS

UE

DA

MO

UN

T O

F P

RE

MIU

M20

13-1

420

14-1

520

15-1

620

16-1

720

13-1

420

14-1

520

15-1

620

16-1

7

Indi

vidu

al A

gent

s36

7920

8321

6542

3222

0995

6421

5364

9747

789.

8339

568.

0439

816.

4653

465.

34(9

0.10

)(8

3.71

)(8

2.76

)(8

1.52

)(7

8.40

)(7

1.42

)(6

8.27

)(6

8.79

)

Cor

pora

te A

gent

s-B

anks

2327

836

2414

000

2713

791

2879

990

9523

.00

1154

7.45

1389

1.93

1825

0.35

(5.7

0)(9

.33)

(10.

16)

(10.

90)

(15.

62)

(20.

84)

(23.

82)

(23.

48)

Cor

pora

te A

gent

s- O

ther

s*70

1276

3932

0031

8418

3023

9081

1.93

795.

5080

9.56

1011

.41

(1.7

1)(1

.52)

(1.1

9)(1

.14)

(1.3

3)(1

.44)

(1.3

9)(1

.30)

Bro

kers

3157

6925

6740

2464

2122

7614

948.

5310

19.9

393

4.18

972.

08(0

.77)

.(0

.99)

(0.9

2)(0

.86)

(1.5

5)(1

.84)

(1.6

0)(1

.25)

Dire

ct S

ellin

g69

8100

6668

5856

2234

6106

7518

83.5

724

50.7

025

43.9

735

29.1

8(1

.71)

(2.5

8)(2

.11)

(2.3

1)(3

.09)

(4.4

2)(4

.36)

(4.5

4)

MI A

gent

s-

4822

9754

8431

5754

01-

17.0

121

.25

17.9

6(1

.86)

(2.0

5)(2

.18)

(0.0

3)(0

.04)

(0.0

2)

Com

mon

Ser

vice

Cen

tres

(C

SC

s)-

2029

7581

5500

-0.

321

1.54

(0.0

1)(0

.03)

(0.0

2)(0

.01)

(0.0

02)

0.00

Web

-Agg

rega

tors

1918

633

0.03

46.3

6(0

.00)

(0.0

7)(0

.00)

(0.0

6)

IMF

126

690.

0314

.52

(0.0

0)(0

.01)

(0.0

0)(0

.02)

Onl

ine

2052

1426

0168

302.

8341

8.06

(0.7

7)(0

.98)

(0.5

2)(0

.54)

Poi

nt o

f Sal

es0

0(0

)(0

.00)

Oth

ers

if an

y77

880

-1.1

3-1

.12

(0.0

0)(0

)(0

.00)

(0.0

0)

TOTA

L40

8350

6425

8693

5626

7024

5226

4196

1760

956.

8655

398.

9558

320.

1177

725.

68(1

00.0

0)(1

00.0

0)(1

00.0

0)(1

00.0

0)(1

00.0

0)(1

00.0

0)(1

00.0

0)(1

00.0

0)

Ref

erra

ls12

725

8669

1082

615

435

19.6

47.

9814

.61

25.8

3(0

.03)

(0.0

3)(0

.04)

(0.0

6)(0

.03)

(0.0

1)(0

.03)

(0.0

3)

* A

ny e

ntity

oth

er t

han

bank

s bu

t lic

ense

d as

a c

orpo

rate

age

nt. #

Doe

s no

t in

clud

e its

ove

rsea

s ne

w b

usin

ess

prem

ium

Not

e:1)

New

bus

ines

s pr

emiu

m in

clud

es f

irst

year

pre

miu

m a

nd s

ingl

e pr

emiu

m.

2) F

igur

es in

bra

cket

sho

w p

erce

ntag

e to

tot

al in

divi

dual

new

bus

ines

s pr

ocur

ed t

hrou

gh r

espe

ctiv

e ch

anne

ls.

3) T

he le

ads

obta

ined

thr

ough

ref

erra

l arr

ange

men

ts h

ave

been

incl

uded

in t

he r

espe

ctiv

e ch

anne

ls.


15

TAB

LE

5:

GR

OU

P N

EW

BU

SIN

ES

S P

ER

FO

RM

AN

CE

OF

LIF

E IN

SU

RE

RS

- C

HA

NN

EL

WIS

E(P

rem

ium

in `

Cro

re)

PA

RT

ICU

LA

RS

NU

MB

ER

OF

SC

HE

ME

SN

UM

BE

R O

F L

IVE

S C

OV

ER

ED

AM

OU

NT

OF

PR

EM

IUM

2013

-14

2014

-15

2015

-16

2016

-17

2013

-14

2014

-15

2015

-16

2016

-17

2013

-14

2014

-15

2015

-16

2016

-17

Indiv

idual

Agen

ts65

9065

6247

6242

9811

6446

4969

3479

127

0163

721

6647

510

41.6

216

78.6

613

59.3

215

18.4

7

(17.

80)

(16.

80)

(13.

27)

(12.

14)

(12.

39)

(5.6

4)(1

.57)

(1.2

0)(1

.76)

(2.9

0)(1

.69)

(1.5

6)

Corp

orat

e Age

nts-

Bank

s48

339

930

033

132

8224

644

8570

458

0192

428

9726

518

04.2

012

83.0

713

61.9

1798

.94

(1.3

0)(1

.02)

(0.8

4)(0

.93)

(3.4

9)(3

.65)

(3.3

7)(1

.61)

(3.0

5)(2

.22)

(1.6

9)(1

.85)

Corp

orat

e Ag

ents-

Oth

ers*

7856

109

8946

2155

434

0229

3728

5552

0266

9377

144

0.44

625.

5177

2.46

324.

19

(2.1

1)(0

.14)

(0.3

0)(0

.25)

(4.9

2)(2

7.69

)(1

6.60

)(3

.72)

(0.7

4)(1

.08)

(0.9

6)(0

.33)

Brok

ers

1739

1943

1976

2462

3793

588

5537

280

8516

066

1390

8119

318.

8943

1.10

507.

4778

5.82

(4.7

0)(4

.97)

(5.5

1)(6

.95)

(4.0

4)(4

.51)

(4.9

5)(7

.73)

(0.5

4)(0

.75)

(0.6

3)(0

.81)

Dire

ct S

ellin

g28

143

3007

528

727

2822

670

6699

3171

8553

6012

6458

056

1540

6462

555

594.

0253

767.

6876

426.

992

922.

56

(75.

99)

(76.

98)

(80.

08)

(79.

71)

(75.

17)

(58.

48)

(73.

51)

(85.

67)

(93.

91)

(93.

05)

(95.

03)

(95.

45)

MI A

gent

s-

34.0

01.

006.

00-

2530

183

9.00

1110

31.0

0-

0.18

0.01

2.26

-(0

.09)

(0.0

0)(0

.02)

-(0

.02)

(0.0

0)(0

.06)

-(0

.00)

(0.0

0)(0

.00)

Com

mon

Ser

vice

Cent

res (

CSCs

)-

--

--

--

--

--

--

--

--

--

--

TOTA

L37

033

3906

935

875

3541

294

0119

6812

2861

373

1720

3372

417

9841

286

5919

9.17

5778

680

428.

0697

352.

24

(100

.00)

(100

.00)

(100

.00)

(100

.00)

(100

.00)

(100

.00)

(100

.00)

(100

.00)

(100

.00)

(100

.00)

(100

.00)

(100

.00)

Refe

rrals

--

00

--

00

--

00

--

(0.0

0)-

-(0

.00)

0-

-(0

.00)

0.00

*Any

ent

ity o

ther

tha

n ba

nks

but

licen

sed

as a

cor

pora

te a

gent

.N

ote:

1) T

he le

ads

obta

ined

thr

ough

ref

erra

l arr

ange

men

ts h

ave

been

incl

uded

in t

he r

espe

ctiv

e ch

anne

ls.

2) N

ew b

usin

ess

prem

ium

incl

udes

firs

t yea

r pr

emiu

m a

nd s

ingl

e pr

emiu

m.

3) F

igur

es in

bra

cket

sho

w p

erce

ntag

e to

tot

al g

roup

new

bus

ines

s pr

ocur

ed t

hrou

gh r

espe

ctiv

e ch

anne

ls.


16

TAB

LE

6:

STA

TE

WIS

E I

ND

IVID

UA

L N

EW

BU

SIN

ES

S (

LIF

E)

UN

DE

RW

RIT

TE

N*

(Pol

icie

s in

Num

bers

) (

Pre

miu

m in

` C

rore

)

Sta

te /

Un

ion

Ter

rito

ry20

13-1

420

14-1

520

15-1

620

16-1

7

Po

licie

sP

rem

ium

Po

licie

sP

rem

ium

Po

licie

sP

rem

ium

Po

licie

sP

rem

ium

And

hra

Pra

desh

3290

036

4438

.46

1214

281

2234

.31

1364

895

2177

.87

1226

710

2924

.92

Aru

nach

al P

rade

sh13

370

33.9

110

330

31.9

010

504

36.2

911

116

44.6

6A

ssam

9690

5912

46.2

269

2280

1410

.51

7350

9014

70.1

776

8271

1831

.10

Bih

ar24

2074

621

89.3

713

6699

320

32.5

413

2080

122

27.5

014

0701

325

73.7

6C

hatti

sgar

h79

2693

541.

9539

1341

528.

5239

4581

574.

6541

7727

743.

44G

oa13

6424

296.

8794

818

263.

2895

183

283.

4293

936

365.

25G

ujar

at24

3853

443

35.7

114

5488

435

49.1

314

6182

539

92.2

214

1109

255

01.0

7H

arya

na70

3701

1269

.81

5383

3212

34.0

453

8301

1268

.91

5814

2015

93.0

8H

imac

hal

Pra

desh

4321

3552

8.16

2188

1441

9.77

2471

9440

9.55

2240

7653

6.39

Jam

mu

& K

ashm

ir22

9418

389.

6215

6206

354.

1117

8819

380.

6816

7360

429.

65Jh

arkh

and

8372

1410

57.8

852

1057

979.

0353

1810

1106

.16

5490

4813

86.6

1K

arna

taka

2755

603

3654

.94

1575

649

3379

.10

1669

734

3421

.63

1483

406

4711

.38

Ker

ala

1487

242

2365

.67

9466

3822

20.4

395

2051

2317

.62

8660

9235

03.0

4M

adhy

a P

rade

sh15

8553

522

98.3

998

7506

1985

.09

1087

495

1971

.39

1091

050

2460

.88

Mah

aras

htra

5266

383

1163

7.52

3411

072

1029

1.27

3567

257

1063

8.16

3547

987

1452

1.52

Man

ipur

5388

967

.13

2792

374

.96

2797

970

.75

2646

985

.96

Meg

hala

ya18

296

267.

6919

407

60.2

219

883

58.5

618

639

84.8

7M

izor

am62

4621

.68

4989

20.3

455

6917

.08

5006

19.1

3N

agal

and

1760

549

.62

1516

443

.49

1486

545

.87

1577

851

.29

Odi

sha

1565

226

1613

.25

1024

792

1634

.00

1093

045

1882

.43

1135

155

2344

.44

Pun

jab

9162

8413

39.8

260

4784

1310

.14

6265

7313

09.5

762

9824

1675

.58

Raj

asth

an21

3072

622

84.0

414

0654

620

59.0

814

8770

720

86.0

914

1404

624

39.4

6S

ikki

m16

789

33.6

612

173

32.6

613

305

38.0

214

950

50.8

5Ta

mil

Nad

u25

7455

541

50.2

216

5193

638

13.0

916

4341

239

28.3

316

0186

955

42.2

3Te

lang

ana

--

9028

3219

03.1

895

4101

2114

.36

8937

9727

89.2

4Tr

ipur

a14

8378

150.

7295

489

117.

2510

1146

128.

4910

3512

186.

94U

ttar

Pra

desh

4656

738

5291

.91

3026

593

4838

.78

2936

452

4906

.87

2932

480

6521

.21

Uttr

akha

nd53

9573

641.

8529

4312

604.

3028

3476

603.

7928

4147

800.

73W

est

Ben

gal

3290

923

4897

.93

2288

680

4372

.90

2422

053

5045

.10

2536

681

7116

.12

And

aman

& N

icob

ar66

5112

.59

5528

10.1

756

7614

.02

5508

15.5

5C

hand

igar

h18

0648

501.

3676

739

406.

6177

271

403.

8610

9896

409.

77D

adra

& N

agra

Hav

eli

2541

3.18

1655

2.97

1779

4.36

2135

6.70

Dam

an &

Diu

9977

11.3

649

938.

8145

029.

3446

6412

.02

Del

hi12

8993

232

28.5

278

7209

3095

.06

7941

3532

88.1

880

3655

4308

.57

Laks

hadw

eep

108

0.14

105

0.17

106

0.17

118

0.26

Pud

uche

rry

5188

610

5.70

3730

577

.72

3387

788

.43

3498

413

8.09

AL

L IN

DIA

4083

5064

6095

6.85

2586

9356

5539

926

7024

5258

319.

8826

4196

1777

725.

73*

New

Bus

ines

s P

rem

ium

incl

udes

firs

t ye

ar p

rem

ium

and

sin

gle

prem

ium

. #

Doe

s no

t in

clud

e its

ove

rsea

s ne

w b

usin

ess

prem

ium


17

TAB

LE

7:

STA

TE

WIS

E G

RO

UP

NE

W B

US

INE

SS

(L

IFE

) U

ND

ER

WR

ITT

EN

*(P

rem

ium

in `

Cro

re)

Sta

te /

Un

ion

Ter

rito

ry2

01

3-1

42

01

4-1

52

01

5-1

62

01

6-1

7

No.

of

Pre

miu

mN

o. o

f Li

ves

No.

of

Pre

miu

mN

o. o

f Li

ves

No.

of

Pre

miu

mN

o. o

f Li

ves

No.

of

Pre

miu

mN

o. o

f Li

ves

sch

emes

Cov

ered

sch

emes

Cov

ered

sch

emes

Cov

ered

sch

emes

Cov

ered

And

hra

Pra

desh

28

74

23

44

20

23

04

62

14

44

64

05

34

00

25

12

39

98

37

86

89

93

12

75

92

21

58

62

74

9

Aru

nach

al P

rade

sh1

02

75

66

81

17

16

85

14

58

81

02

56

70

Ass

am1

39

63

05

68

40

88

15

27

32

09

55

40

71

89

68

46

15

26

84

21

99

18

26

14

43

86

5

Bih

ar9

22

23

25

57

36

21

23

32

47

89

29

16

14

49

35

21

94

94

02

19

57

61

11

51

30

07

Cha

ttis

garh

54

34

57

23

33

56

06

11

70

33

39

38

72

68

66

99

27

07

07

64

31

37

02

00

04

19

Goa

21

51

15

50

79

12

52

33

78

45

13

13

11

05

14

14

70

61

13

35

72

95

Guj

arat

19

89

16

00

17

29

34

61

89

91

57

21

90

74

93

10

88

14

84

31

21

02

29

56

30

27

28

52

09

2

Har

yana

57

74

31

12

13

71

85

97

38

51

48

24

25

51

44

89

23

74

97

86

75

59

41

89

56

01

Him

acha

l P

rade

sh4

44

10

17

78

26

53

05

86

83

24

44

18

72

34

64

83

75

10

11

21

45

3

Jam

mu

& K

ashm

ir1

23

26

44

46

84

13

21

45

85

23

51

21

28

02

60

36

51

97

48

81

66

81

6

Jhar

khan

d6

34

13

89

32

37

78

63

16

31

37

83

77

61

67

06

56

30

80

59

41

04

64

87

67

7

Kar

nata

ka3

99

17

24

01

25

57

77

04

00

68

20

41

75

15

60

84

14

61

13

35

25

57

24

15

38

84

13

17

22

82

20

90

6

Ker

ala

13

52

11

09

40

57

15

91

38

41

11

53

56

51

22

13

42

21

17

49

13

15

61

64

72

65

55

04

89

68

Mad

hya

Pra

desh

22

65

51

45

30

63

37

17

69

36

14

78

34

14

15

82

41

95

60

25

24

77

75

14

47

24

02

0

Mah

aras

htra

48

09

16

84

01

23

07

10

15

00

41

91

80

15

43

64

78

41

08

24

34

82

94

96

95

53

35

52

98

40

25

83

63

58

Man

ipur

26

31

12

52

66

72

36

95

72

21

66

93

51

10

63

9

Meg

hala

ya2

41

57

30

96

13

47

72

29

76

50

26

27

54

84

52

82

72

45

Miz

oram

34

46

28

22

36

52

74

18

41

19

41

33

61

76

99

Nag

alan

d5

24

45

86

12

42

17

01

19

82

15

11

17

60

Ori

ssa

11

86

45

58

79

24

21

31

83

84

19

44

80

11

25

03

64

25

09

40

71

33

37

54

33

36

42

3

Pun

jab

54

31

52

25

19

38

40

61

89

33

87

67

37

41

88

77

13

18

41

91

87

48

20

86

Raj

asth

an1

19

96

79

30

54

21

71

29

36

66

31

16

75

81

30

19

62

46

54

80

01

03

02

14

32

80

81

38

Sik

kim

31

65

24

08

78

16

15

47

11

17

37

08

Tam

il N

adu

37

85

47

16

84

16

43

55

18

54

56

91

01

97

91

13

78

55

73

41

39

39

32

84

50

49

14

41

60

42

67

1

Tel

anga

na-

--

14

24

23

12

18

84

33

28

13

96

28

85

18

96

59

95

15

62

34

54

32

20

33

81

Tri

pura

72

19

29

48

87

82

33

97

04

82

43

29

08

31

14

20

40

78

7

Utt

ar P

rade

sh2

34

29

49

42

21

95

02

32

89

94

53

41

48

32

27

11

29

79

67

70

34

25

57

94

87

81

13

89

Utt

rakh

and

74

83

28

42

45

19

06

16

55

72

58

24

21

04

34

35

24

36

87

97

41

21

50

17

27

44

Wes

t B

enga

l2

71

76

05

51

14

96

43

42

86

15

20

61

49

74

05

52

76

56

65

71

88

00

69

72

84

67

69

81

87

56

63

6

And

aman

& N

icob

ar1

07

42

90

28

83

40

97

61

11

86

1

Cha

ndig

arh

40

23

59

35

97

88

33

72

69

14

61

57

53

58

26

46

39

71

13

54

37

86

20

72

0

Dad

ra &

Nag

raha

veli

30

32

69

10

18

04

10

28

10

01

26

Dam

an &

Diu

40

47

87

00

24

15

25

37

60

14

42

Del

hi1

57

39

40

73

46

88

96

16

76

85

50

40

89

40

71

50

51

32

98

70

88

13

51

83

21

51

02

71

81

27

3

Laks

hadw

eep

00

16

50

21

92

27

90

06

00

11

Pud

uche

rry

22

21

14

44

23

32

71

99

65

14

27

32

59

85

73

18

32

57

46

51

ALL

IN

DIA

37

03

35

91

99

94

01

19

68

39

06

95

77

32

11

68

61

37

33

58

75

80

35

61

64

03

37

24

35

41

29

73

52

17

98

41

28

6

* N

ew B

usin

ess

Pre

miu

m in

clud

es f

irst

yea

r pr

emiu

m a

nd s

ingl

e pr

emiu

m.

# D

oes

not

incl

ude

its o

vers

eas

new

bus

ines

s pr

emiu

m


18

TABLE 8: NUMBER OF INDIVIDUAL NEW POLICIES ISSUED (LIFE)(In Lakhs)

INSURER 2013-14 2014-15 2015-16 2016-17

LIC 345.12 201.71 205.47 201.32

(-6.17) (-41.55) (1.86) (-2.02)

Private Sector 63.6 57.37 61.92 63.24

(-14.11) (-9.79) (7.92) (2.13)

Total 408.72 259.08 267.38 264.56

(-7.50) (-36.61) (3.20) (-1.05)

Note: Figures in bracket indicates the growth over the previous year in per cent.


19

TAB

LE

9:

IND

IVID

UA

L B

US

INE

SS

IN F

OR

CE

(W

ITH

IN IN

DIA

)(N

UM

BE

R O

F P

OL

ICIE

S)

(201

3-14

to

201

5-16

)(P

olic

ies

in ‘0

00)

Aeg

onA

viva

Baj

aj A

llian

z

PA

RT

ICU

LA

RS

2013

-14

2014

-15

2015

-16

2013

-14

2014

-15

2015

-16

2013

-14

2014

-15

2015

-16

Non

-link

ed L

ife B

usin

ess

Bus

ines

s in

forc

e at

sta

rt of

the

finan

cial

yea

r18

7.89

159.

6820

0.04

316.

7633

4.54

348.

5425

07.1

524

10.9

722

45.1

5A

dditi

ons

durin

g th

e ye

ar*

66.6

864

.73

57.1

997

.60

77.8

548

.74

478.

3327

0.06

220.

68D

elet

ions

dur

ing

the

year

**38

.09

24.3

727

.96

79.8

263

.84

43.6

157

4.51

435.

8728

7.87

Bus

ines

s in

forc

e at

end

of t

hefin

anci

al y

ear

216.

4820

0.04

229.

2733

4.54

348.

5435

3.67

2410

.97

2245

.15

2177

.97

Non

-link

ed -

Gen

eral

Ann

uity

and

Pens

ion

Bus

ines

sB

usin

ess

in fo

rce

at s

tart

of th

efin

anci

al y

ear

4.42

0.32

0.31

56.3

55.

065.

3110

.06

10.7

412

.70

Add

ition

s du

ring

the

year

*0.

070.

010.

001.

130.

840.

451.

502.

730.

77D

elet

ions

dur

ing

the

year

**0.

980.

020.

0419

.85

0.59

0.57

0.81

0.77

0.44

Bus

ines

s in

forc

e at

end

of t

hefin

anci

al y

ear

3.51

0.31

0.27

37.6

25.

315.

1910

.74

12.7

013

.03

Non

link

ed H

ealth

Bus

ines

sB

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

3.39

2.45

2.10

7.79

9.12

8.69

38.0

523

.32

15.9

8

Link

ed B

usin

ess

#B

usin

ess

in fo

rce

at e

nd o

f the

finan

cial

yea

r56

.80

52.3

846

.87

284.

4723

3.71

182.

2133

93.7

224

92.4

821

95.2

0

Link

ed H

ealth

Bus

ines

sB

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Gra

nd T

otal

Bus

ines

s in

forc

e at

end

of

the

finan

cial

yea

r22

3.38

255.

1827

8.51

664.

4259

6.68

549.

7658

53.4

847

73.6

544

02.1

7

* In

clud

es N

ew P

olic

ies

issu

ed,

Old

Pol

icie

s re

inst

ated

/rev

ived

.**

Inc

lude

s po

licy

term

inat

ions

by

deat

h, m

atur

ity,

laps

e, s

urre

nder

s or

can

cella

tions

.#

Exc

ludi

ng li

nked

Hea

lth B

usin

ess,

if a

ny.

Sou

rce:

Act

uaria

l Rep

ort

and

Abs

trac

t of

var

ious

yea

rs.


20

TAB

LE

9:

IND

IVID

UA

L B

US

INE

SS

IN F

OR

CE

(W

ITH

IN IN

DIA

)(N

UM

BE

R O

F P

OL

ICIE

S)

(201

3-14

to

201

5-16

) (C

ontd

..)(P

olic

ies

in ‘0

00)

Bha

rati

AXA

Birl

a Su

n Li

feC

anar

a H

SBC

OB

C

PA

RT

ICU

LA

RS

2013

-14

2014

-15

2015

-16

2013

-14

2014

-15

2015

-16

2013

-14

2014

-15

2015

-16

Non

-link

ed L

ife B

usin

ess

Bus

ines

s in

forc

e at

sta

rt of

the

finan

cial

yea

r17

1.81

210.

5625

5.21

769.

1977

0.30

782.

5454

.17

62.0

278

.64

Add

ition

s du

ring

the

year

*11

1.04

102.

0310

6.47

387.

0330

6.10

287.

8625

.45

33.8

429

.79

Del

etio

ns d

urin

g th

e ye

ar**

72.2

957

.38

48.6

538

5.93

293.

8620

7.97

17.5

917

.23

19.0

0B

usin

ess

in fo

rce

at e

nd o

f the

finan

cial

yea

r21

0.56

255.

2131

3.03

770.

3078

2.54

862.

4362

.02

78.6

489

.43

Non

-link

ed -

Gen

eral

Ann

uity

and

Pens

ion

Bus

ines

sB

usin

ess

in fo

rce

at s

tart

ofth

e fin

anci

al y

ear

0.24

0.21

0.22

1.02

1.08

1.28

0.00

0.00

0.00

Add

ition

s du

ring

the

year

*0.

010.

010.

010.

200.

240.

350.

000.

000.

14D

elet

ions

dur

ing

the

year

**0.

040.

000.

020.

140.

040.

080.

000.

000.

00B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

0.21

0.22

0.21

1.08

1.28

1.56

0.00

0.00

0.14

Non

link

ed H

ealth

Bus

ines

sB

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

11.6

710

.57

9.33

2.63

1.01

2.12

0.00

0.00

0.00

Link

ed B

usin

ess

#B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

153.

0710

2.42

70.8

614

49.0

012

14.7

510

21.0

622

3.08

197.

3020

4.02

Link

ed H

ealth

Bus

ines

sB

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

0.00

0.00

0.00

9.38

8.70

8.14

0.00

0.00

0.00

Gra

nd T

otal

Bus

ines

s in

forc

e at

end

of

the

finan

cial

yea

r37

5.50

368.

4339

3.44

2232

.38

2008

.29

1895

.31

285.

1127

5.94

293.

59

* In

clud

es N

ew P

olic

ies

issu

ed,

Old

Pol

icie

s re

inst

ated

/rev

ived

.**

Inc

lude

s po

licy

term

inat

ions

by

deat

h, m

atur

ity,

laps

e, s

urre

nder

s or

can

cella

tions

.#

Exc

ludi

ng li

nked

Hea

lth B

usin

ess,

if a

ny.

Sou

rce:

Act

uaria

l Rep

ort

and

Abs

trac

t of

var

ious

yea

rs.


21

TAB

LE

9:

IND

IVID

UA

L B

US

INE

SS

IN F

OR

CE

(W

ITH

IN IN

DIA

)(N

UM

BE

R O

F P

OL

ICIE

S)

(201

3-14

to

201

5-16

) (C

ontd

..)(P

olic

ies

in ‘0

00)

DH

FL P

ram

eric

aEd

elw

eiss

Tok

ioEx

ide

Life

P

AR

TIC

UL

AR

S20

13-1

420

14-1

520

15-1

620

13-1

420

14-1

520

15-1

620

13-1

420

14-1

520

15-1

6

Non

-link

ed L

ife B

usin

ess

Bus

ines

s in

forc

e at

sta

rt of

the

finan

cial

yea

r13

7.33

141.

1815

5.44

22.4

337

.88

49.1

874

3.44

812.

6685

1.55

Add

ition

s du

ring

the

year

*65

.64

59.3

259

.03

32.2

525

.87

33.1

120

3.71

169.

3621

9.93

Del

etio

ns d

urin

g th

e ye

ar**

61.8

045

.06

46.8

316

.81

14.5

711

.37

134.

5013

0.47

98.9

7B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

141.

1815

5.44

167.

6437

.88

49.1

870

.92

812.

6685

1.55

972.

51

Non

-link

ed -

Gen

eral

Ann

uity

and

Pens

ion

Bus

ines

sB

usin

ess

in fo

rce

at s

tart

of th

efin

anci

al y

ear

3.98

0.00

0.00

0.00

0.99

1.63

120.

5710

5.87

90.0

3A

dditi

ons

durin

g th

e ye

ar*

0.00

0.00

0.00

1.00

1.45

0.58

6.56

6.84

4.57

Del

etio

ns d

urin

g th

e ye

ar**

1.41

0.00

0.00

0.01

0.81

0.79

21.2

622

.69

15.5

4B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

2.58

0.00

0.00

0.99

1.63

1.41

105.

8890

.03

79.0

5

Non

link

ed H

ealth

Bus

ines

sB

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

0.00

0.00

0.00

0.16

0.16

0.86

0.00

0.00

0.00

Link

ed B

usin

ess

#B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

19.3

516

.16

13.0

21.

343.

778.

2324

1.63

164.

0713

9.47

Link

ed H

ealth

Bus

ines

sB

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Gra

nd T

otal

Bus

ines

s in

forc

e at

end

of

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finan

cial

yea

r16

3.10

171.

6118

0.67

40.2

154

.73

81.4

311

60.1

711

05.6

511

91.0

3

* In

clud

es N

ew P

olic

ies

issu

ed,

Old

Pol

icie

s re

inst

ated

/rev

ived

.**

Inc

lude

s po

licy

term

inat

ions

by

deat

h, m

atur

ity,

laps

e, s

urre

nder

s or

can

cella

tions

.#

Exc

ludi

ng li

nked

Hea

lth B

usin

ess,

if a

ny.

Sou

rce:

Act

uaria

l Rep

ort

and

Abs

trac

t of

var

ious

yea

rs.


22

TAB

LE

9:

IND

IVID

UA

L B

US

INE

SS

IN F

OR

CE

(W

ITH

IN IN

DIA

)(N

UM

BE

R O

F P

OL

ICIE

S)

(201

3-14

to

201

5-16

) (C

ontd

..)(P

olic

ies

in ‘0

00)

Futu

re G

ener

ali

HD

FC S

tand

ard

ICIC

I Pr

uden

tial

P

AR

TIC

UL

AR

S20

13-1

420

14-1

520

15-1

620

13-1

420

14-1

520

15-1

620

13-1

420

14-1

520

15-1

6

Non

-link

ed L

ife B

usin

ess

Bus

ines

s in

forc

e at

sta

rt of

the

finan

cial

yea

r35

3.27

350.

6129

9.08

1938

.43

2237

.95

2247

.28

1502

.33

1622

.34

1549

.64

Add

ition

s du

ring

the

year

*82

.96

38.5

636

.19

595.

9351

4.88

658.

1358

2.28

346.

7731

4.34

Del

etio

ns d

urin

g th

e ye

ar**

85.6

290

.07

72.5

529

6.41

505.

5541

8.92

462.

2741

9.48

250.

20B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

350.

6129

9.09

262.

7222

37.9

522

47.2

824

86.4

916

22.3

415

49.6

416

13.7

8

Non

-link

ed -

Gen

eral

Ann

uity

and

Pens

ion

Bus

ines

sB

usin

ess

in fo

rce

at s

tart

ofth

e fin

anci

al y

ear

5.75

5.25

6.49

79.1

287

.67

94.4

762

.13

67.1

773

.25

Add

ition

s du

ring

the

year

*0.

472.

290.

6219

.11

17.5

617

.69

7.25

8.20

6.02

Del

etio

ns d

urin

g th

e ye

ar**

0.97

1.40

2.13

10.5

610

.76

7.35

2.21

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