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HANDBOOK ONINDIAN INSURANCE STATISTICS
2015-16
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA^maVr` ~r_m {d{Z`m_H$ Am¡a {dH$mg àm{YH$aU
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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.
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Note
For statistics prior to the F.Y. 2013-14, please visitwww.irdai.gov.in
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HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
i
CONTENTSParticulars Page
No.
SUMMARY
A Summary of Indian Life Insurance Sector 3
B Summary of Indian Non-Life 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 11
2 First Year Life Insurance Premium 12
3 Total Life Insurance Premium 13
4 Individual New Business Performance of Life Insurers - Channel Wise 14
5 Group New Business Performance of Life Insurers - Channel Wise 15
6 State-Wise Individual New Business (Life) Underwritten 16
7 State-Wise Group New Business (Life) Underwritten 17
8 Number of Individual New Policies Issued (Life) 18
9 Individual Business (Within India) - Business in Force (Number of Policies) 19
10 Individual Business (Within India) - Business in Force (Sum Assured) 28
11 Linked and Non-Linked Premium of Life Insurers 37
12 Linked and Non-Linked Commission of Life Insurers 40
13 Individual Death Claims of Life Insurers 43
14 Group Death Claims of Life Insurers 44
15 Duration-Wise Settlement of Death Claims - Individual Category 45
16 Duration-Wise Settlement of Death Claims - Group Category 54
17 Assets Under Management of Life Insurers (As on 31st March) 63
18 Equity Share Capital of Life Insurers (As on 31st March) 64
19 Solvency Ratio of Life Insurers 65
20 Life Insurers - Policyholders Account 66
21 Life Insurers - Shareholders Account 75
22 Life Insurers - Balance Sheet (As on 31st March) 84
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HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
23 Life Insurance Corporation of India - Policyholders Account Capital Redemption 93and Annuity Certain Business (Non-Participating)
24 Life Insurance Corporation of India - Shareholders Account Capital Redemption 94and Annuity Certain Business (Non-Participating)
25 Life Insurance Corporation of India - Balance Sheet Capital Redemption and 95Annuity Certain Business (Non-Participating) (As on 31st March)
26 Individual Business (within India) - Details of Forfeiture/ 96Lapsed Policies in Respect of Non-Linked Business
27 Persistency of Life Insurance Policies (Based on Number of Policies) 97
28 Number of Individual Agents of Life Insurers (As on 31st March) 98
29 Number of Corporate Agents of Life Insurers (As on 31st March) 99
30 Average Number of Policies Sold by Individual and Corporate Agents 100
31 Average New Business Premium Income for Individual and Corporate Agents 101
32 Average Premium Income Per Policy for Individual and Corporate Agents 102
33 State-Wise Distribution of Offices of Life Insurers 103
34 Region-Wise Distribution of Offices of Life Insurers (As on 31st March) 112
35 State-Wise Distribution of Individual Agents of Life Insurers 113
36 New Business Under Micro Insurance Portfolio (Life Insurers) 122
37 Death Claims Under Micro Insurance Portfolio - Individual Category 124
38 Death Claims Under Micro Insurance Portfolio - Group Category 129
39 Duration-Wise Settlement of Claims- Micro Insurance - Individual Category 133
40 Duration-Wise Settlement of Claims- Micro Insurance - Group Category 137
41 Insurer-Wise Number of Micro-Insurance Agents (Life) 141
42 Status of Grievances - Life Insurers 142
43 Performance of Ombudsmen at Different Centers (Life Insurance) 143
PART – II
NON-LIFE INSURANCE
44 Non-Life Insurance Companies Operating in India 147
45 Gross Direct Premium Income of Non-Life Insurers (Within & Outside India) 148
46 Segment-Wise Gross Direct Premium Income of Non-Life Insurers (Within India) 149
47 Segment-Wise Net Premium Income in India (Earned) - Non-Life 151
48 Channel-Wise Gross Direct Premium Income - Non-Life 153
ii
SI. Particulars PageNo. No.
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HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
49 State-Wise Gross Direct Premium Income - Non-Life 156
50 Number of Polices issued (Non-Life) 161
51 Net Retentions of Non-Life Insurers 161
52 Incurred Claims Ratio - Public & Private Sector Non-Life Insurers 162
53 Underwriting Experience and Profits of Public Sector Insurers (Non-Life) 168
54 Underwriting Experience and Profits of Private Sector Insurers (Non-Life) 170
55 Underwriting experience of GIC 176
56 Assets Under Management of Non-Life Insurers (As on 31st March) 177
57 Equity Share Capital of Non-Life Insurers (As on 31st March) 178
58 Solvency Ratio of Non-Life Insurers 179
59 Public Sector Non-Life Insurers - Policyholders Account 180
60 Public Sector Non Life Insurers - Shareholders Account 185
61 Public Sector Non-Life Insurers - Balance Sheet (As on 31st March) 187
62 Private Sector Non-Life Insurers - Policyholders Account 189
63 Private Sector Non-Life Insurers - Shareholders Account 207
64 Private Sector Non-Life Insurers - Balance Sheet (As on 31st March) 213
65 Export Credit Guarantee Corporation Ltd. (ECGC) - Policyholders Account 219
66 Export Credit Guarantee Corporation Ltd. (ECGC) - Shareholders Account 220
67 Export Credit Guarantee Corporation Ltd. (ECGC) – Balance Sheet (As on 31st March) 221
68 Agriculture Insurance Company of India Ltd. (AIC) - Policyholders Account 222
69 Agriculture Insurance Company of India Ltd. (AIC) - Shareholders Account 223
70 Agriculture Insurance Company of India Ltd. (AIC) – Balance Sheet (As on 31st March) 224
71 General Insurance Corporation (GIC) - Policyholders Account 225
72 General Insurance Corporation (GIC) - Shareholders Account 228
73 General Insurance Corporation (GIC) – Balance Sheet (As on 31st March) 229
74 Health Insurance (Excluding Travel-domestic/overseas & Personal accident): 230Gross Premium and Number of Persons Covered
75 Health Insurance (Excluding Travel-domestic/overseas & Personal accident): 233Incurred Claims Ratio
76 Personal Accident Insurance: Gross Premium and Number of Persons Covered 236
77 Personal Accident Insurance: Incurred Claims Ratio 239
78 Overseas Travel Insurance: Gross Premium and Number of Persons Covered 242
79 Overseas Travel Insurance: Incurred Claims Ratio 245
80 Domestic Travel Insurance: Gross Premium and Number of Persons Covered 248
iii
SI. Particulars PageNo. No.
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HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
SI. Particulars PageNo. No.
81 Domestic Travel Insurance: Incurred Claims Ratio 251
82 State-Wise Health Insurance Business (Excluding Travel & Personal Accident Business) 254
83 State-Wise Personal Accident Insurance Business 262
84 Channel-Wise Performance of Health Insurance Business Excluding Travel 270(Domestic/Overseas) and Personal Accident Insurance Business
85 Details of Claims Development & Ageing - Health Insurance Business Excluding Travel 272(Domestic/Overseas) and Personal Accident Insurance Business
86 Health Insurers - Policyholders Account 276
87 Health Insurers - Shareholders Account 278
88 Health Insurers - Balance Sheet (As on 31st March) 280
89 State-Wise Number of Offices of Non-Life Insurers (As on 31st March) 282
90 State-Wise Number of Registered Brokers 288
91 State-wise Number of Insurance Marketing Firms (IMF) (As on 31st March) 288
92 Status of Grievances - Non-Life Insurers 289
93 Performance of Ombudsmen at different centers - (Non-Life Insurance) 290
PART - III
LIFE AND NON-LIFE INSURANCE COMBINED
94 Performance of Ombudsmen at different centers - 293
(Life and Non-Life Combined)
iv
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HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
SUMMARY
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HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
3
A. SUMMARY OF INDIAN LIFE INSURANCE SECTOR
PARTICULARS Remarks Unit 2013-14 2014-15 2015-16
PROFILE
No of companies As on 31st March Nos. 24 24 24
No of branch offices As on 31st March Nos. 11032 11033 11071
Insurance penetration In per cent 3.1 2.6 2.72
Insurance density US $ 41 44 43.2
BUSINESS FIGURES
Number of new policies issued FY In Lakhs 409 259 267
First year premium (Including single premium) FY (` Crore) 120325 113330 138862
Total Premium FY (` Crore) 314301 328102 366943
Market share of LIC (based on Total Premium) FY In per cent 75.39 73.05 72.61
Individual Business in Force (Number of policies) FY In Thousands 334802 326297 327065
Individual Business in Force (Sum Assured) FY (` Crore) 6646516 7553045 8494501
INTERMEDIARIES
No of individual agents As on 31st March Nos. 2188500 2067907 2016565
No of corporate agents As on 31st March Nos. 689 503 416
Commission paid FY (` Lakh) 2084637 1946068 2026669
Operating Expenses related to Insurance Business FY (` Lakh) 3746541 3685916 3878309
POLICYHOLDERS' SERVICES
No of claims submitted (Individual) FY No. of Pol. 885361 877828 876680
No of claims submitted (Group) FY No of Lives 425978 466783 545337
Amount Claimed (Individual) FY (` Crore) 11958 12968 13838
Amount Claimed (Group) FY (` Crore) 3230 3651 4947
Total Benefit Paid (Net) FY (` Crore) 216312 210915 201766
Channel-wise New Business
Amount of Premium (Individual plus Group)
Individual agents FY (` Crore) 48831 41246.70 41175.78
Corporate agents-Banks FY (` Crore) 11327 12830.52 15253.83
Corporate agents-Others FY (` Crore) 1252 1421.01 1582.02
Brokers FY (` Crore) 1267 1451.03 1441.65
Direct selling FY (` Crore) 57478 56218.38 78970.87
MI Agents FY (` Crore) 17.19 21.26
Common Service Centres(CSCs) FY (` Crore) 0.32 1
Total FY (` Crore) 120156 113185.15 138446.41
Referrals FY (` Crore) 20 7.98 14.61
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HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
4
Channel- Wise New Business
No. of Lives Covered (Individual plus Group)
Individual agents FY In Lakhs 484 285.89 248.01
Corporate agents-Banks FY In Lakhs 56 68.99 85.16
Corporate agents-Others FY In Lakhs 53 344.16 288.74
Brokers FY In Lakhs 41 57.94 87.62
Direct selling FY In Lakhs 714 725.22 1270.20
Common Service Centres(CSCs) FY In Lakhs 0.02 0.08
MI Agents FY In Lakhs 5.08 5.49
Web Aggregators FY in Lakhs 0.00
IMF FY in Lakhs 0.00
Online FY in Lakhs 2.05
Others if any FY in Lakhs 0.01
Total FY In Lakhs 1348 1487.31 1987.36
Referrals FY In Lakhs 0.13 0.09 0.11
Region Wise distribution of Offices
Metro As on 31st March Nos. 1048 1083 1667
Urban As on 31st March Nos. 2543 2489 3525
Semi-urban As on 31st March Nos. 5381
Rural As on 31st March Nos. 498
Unclassified As on 31st March Nos. 7441 7461
Total As on 31st March Nos. 11032 11033 11071
Assets Under Management
Life Fund As on 31st March (` Crore) 1288225 1495309 1697453
Pension, General Annuity & Group fund As on 31st March (` Crore) 337579 389472 464203
Unit ULIP Fund As on 31st March (` Crore) 331661 362740 340412
Total Fund As on 31st March (` Crore) 1957466 2247522 2502068
Profit /Loss after tax As on 31st March (` Lakh) 758783 761131 741497
Equity Capital As on 31st March (` Crore) 25939 26240 26691
REDRESSEL OF CONSUMER GRIEVANCES
No. of grievances reported during the year FY Nos. 374620 278992 204701
No. of complaints reported with the
Ombudsmen at difference centres FY Nos. 17512 14339 17257
A. SUMMARY OF INDIAN LIFE INSURANCE SECTOR (Conld.)
PARTICULARS Remarks Unit 2013-14 2014-15 2015-16
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HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
5
B. SUMMARY OF INDIAN NON-LIFE INSURANCE SECTOR
PARTICULARS Remarks Unit 2013-14 2014-15 2015-16
PROFILE
No of companies (incl. reinsurer) As on 31st March Nos. 29 29 30
No. of branch offices As on 31st March Nos. 9872 10407 10803
Insurance penetration In percent 0.80 0.7 0.72
Insurance density US $ 11 11 11.5
BUSINESS FIGURES
Number of new policies issued excluding Standalone
and Specialised Insurers FY In Lakhs 1025 1183 1221
Gross Direct Premium (Within & Outside India) FY (` Crore) 79934 87151 99333
Market share of PSUs - Gen.Ins.Cos.(GDP within India) In Per cent 49.77 50.24 49.49
Segment-wise Gross Direct Premium (Within India )
Fire FY (` crore) 7363 8057 8731
Marine FY (` crore) 3162 3020 2984
Motor FY (` crore) 33823 37379 42301
Health FY (` crore) 19634 22637 27457
Others FY (` crore) 13572 13593 14905
Total FY (` crore) 77554 84686 96379
Net Retentions of Non-Life Insurers(including GIC)
Fire FY In Per Cent 69.24 64.54 63.01
Marine Cargo FY In Per Cent 85.99 81.59 81.01
Marine Hull FY In Per Cent 31.94 35.47 44.51
Motor FY In Per Cent 100.00 99.67 99.2
Engineering FY In Per Cent 71.07 71.8 67.23
Aviation FY In Per Cent 1.00 38.91 27.15
Other miscellaneous FY In Per Cent 89.43 88.14 84.28
Total- All Segments FY In Per Cent 90.32 89.57 87.72
Incurred Claims Ratio
Fire FY In Per Cent 76.54 73.78 74.47
Marine FY In Per Cent 63.37 67.44 72.05
Motor FY In Per Cent 79.50 77.14 81.18
Health FY In Per Cent 97.05 96.93 98.43
Others FY In Per Cent 72.96 73.91 75.94
Total- All Segments FY In Per Cent 81.98 81.7 85.05
Underwriting Profit/Loss FY (` crore) (7640) (10576) (14962)
Assets Under Management (including GIC) As on 31st March (` Crore) 149536 172144 188126
Equity Share Capital including GIC As on 31st March (` Crore) 10240 11504 12603
Commission expenses FY (` Lakh) 539627 521200 581078
Operating expenses related to Insurance business FY (` crore) 16251 20206 23230
Operating profit/(Loss) FY (` Lakh) 242607 184785 (90402)
Income from investments FY (` Crore) 14319 16607 19090
Profit after tax (Industry Total) FY (` Lakh) 464906 463913 323848
REDRESSEL OF CONSUMER GRIEVANCES
No of grievances reported during the year 63736 60688 59083
No. of complaints reported with the
Ombudsmen at difference centres 9627 7145 8920
*Note: figures in brackets indicate negative values
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HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
6
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HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
7
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HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
PART-ILIFE INSURANCE
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HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
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
Ltd
.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
eIn
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
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Insu
ranc
e C
ompa
ny L
td.
Toki
o M
arin
e &
Nic
hido
Fire
Insu
ranc
eC
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
Fut
ure
Gen
eral
i 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 C
ompa
ny L
td.
Old
Mut
ual P
lc, U
K10
710
.01.
2001
2001
-02
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.
---
128
17.1
1.20
0520
05-0
6
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
(B
erm
uda)
Ltd
.11
012
.02.
2001
2001
-02
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
016
-
HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
12
TABLE 2: FIRST YEAR LIFE INSURANCE PREMIUM(` Crore)
INSURER 2013-14 2014-15 2015-16
Aegon 147.22 207.50 136.33
Aviva 593.76 556.89 320.80
Bajaj Allianz 2592.03 2702.10 2884.52
Bharti AXA 375.61 474.20 539.49
Birla Sunlife 1697.49 1937.94 2220.31
Canara HSBC 608.07 476.98 859.18
DHFL Pramerica 172.95 579.59 727.02
Edelweiss Tokio 80.72 122.42 183.59
Exide Life 567.81 644.75 632.85
Future Generali 224.90 252.41 255.59
HDFC Standard 4038.93 5492.10 6487.22
ICICI Prudential 3759.59 5332.13 6765.75
IDBI Federal 315.69 484.50 588.40
IndiaFirst 1681.36 1538.67 1478.10
Kotak Mahindra 1271.81 1540.18 2209.66
Max Life 2261.60 2572.60 2881.71
PNB Metlife 675.89 829.06 1003.17
Reliance 1933.99 2069.69 1558.33
Sahara 65.09 38.44 43.43
SBI Life 5065.48 5529.16 7106.58
Shriram Life 389.83 498.52 693.79
Star Union Dai-ichi 562.85 629.93 654.19
Tata AIA 433.76 312.05 740.79
Private Total 29516.43 34821.81 40970.80(-4.01) (17.97) (17.66)
LIC 90808.79 78507.72 97891.51
(18.53) (-13.55) (24.69)
Industry Total 120325.22 113329.52 138862.31(12.08) (-5.82) (22.53)
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
-
HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
13
TABLE 3: TOTAL LIFE INSURANCE PREMIUM(` Crore)
INSURER 2013-14 2014-15 2015-16
Aegon 453.00 559.20 501.60
Aviva 1878.10 1796.25 1493.15
Bajaj Allianz 5843.14 6017.30 5897.31
Bharti AXA 872.65 1053.32 1208.33
Birla Sunlife 4833.05 5233.22 5579.71
Canara HSBC 1823.42 1657.02 2059.96
DHFL Pramerica 305.86 735.10 920.21
Edelweiss Tokio 110.90 193.08 310.07
Exide Life 1830.67 2027.48 2046.99
Future Generali 634.16 604.25 592.50
HDFC Standard 12062.90 14829.90 16312.98
ICICI Prudential 12428.65 15306.62 19164.39
IDBI Federal 826.25 1069.62 1239.67
IndiaFirst 2143.36 2034.11 1967.40
Kotak Mahindra 2700.79 3038.05 3971.68
Max Life 7278.54 8171.62 9216.16
PNB Metlife 2240.59 2461.19 2827.83
Reliance 4283.40 4621.08 4398.12
Sahara 204.63 166.86 157.05
SBI Life 10738.60 12867.11 15825.36
Shriram Life 594.24 734.66 1022.11
Star Union Dai-ichi 948.75 1134.68 1307.47
Tata AIA 2323.70 2122.66 2478.96
Private Total 77359.36 88434.36 100499.03(-1.33) (14.32) (13.64)
LIC 236942.30 239667.65 266444.21(13.48) (1.15) (11.17)
Industry Total 314301.66 328102.01 366943.23(9.44) (4.39) (11.84)
Note: 1) Figures in the brackets represent the growth over the previous year in per cent.2) Previous years figures revised by insurers
-
HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
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
13-1
420
14-1
520
15-1
6
Ind
ivid
ual
Ag
ents
3679
2083
2165
4232
2209
9564
4778
9.83
3956
8.04
3981
6.46
(90.
10)
(83.
71)
(82.
76)
(78.
40)
(71.
42)
(68.
27)
Co
rpo
rate
Ag
ents
-Ban
ks23
2783
624
1400
027
1379
195
23.0
011
547.
4513
891.
93(5
.70)
(9.3
3)(1
0.16
)(1
5.62
)(2
0.84
)(2
3.82
)
Co
rpo
rate
Ag
ents
- O
ther
s*70
1276
3932
0031
8418
811.
9379
5.50
809.
56(1
.71)
(1.5
2)(1
.19)
(1.3
3)(1
.44)
(1.3
9)
Bro
kers
3157
6925
6740
2464
2194
8.53
1019
.93
934.
18(0
.77)
.(0
.99)
(0.9
2)(1
.55)
(1.8
4)(1
.60)
Dir
ect
Sel
ling
6981
0066
6858
5622
3418
83.5
724
50.7
025
43.9
7(1
.71)
(2.5
8)(2
.11)
(3.0
9(4
.42)
(4.3
6)
MI A
gen
ts-
4822
9754
8431
-17
.01
21.2
5(1
.86)
(2.0
5)(0
.03)
(0.0
4)
Co
mm
on
Ser
vice
Cen
tres
(C
SC
s)-
2029
7581
-0.
321
(0.0
1)(0
.03)
(0.0
1)(0
.002
)
Web
-Ag
gre
gat
ors
190.
03(0
.00)
(0.0
0)
IMF
10.
03(0
.00)
(0.0
0)
On
line
2052
1430
2.83
(0.7
7)(0
.52)
Oth
ers
if a
ny77
8-1
.13
(0.0
0)(0
.00)
TOTA
L40
8350
6425
8693
5626
7024
5260
956.
8655
398.
9558
320.
11(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
619
.64
7.98
14.6
1(0
.03)
(0.0
3)(0
.04)
(0.0
3)(0
.01)
(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
No
te:
1) N
ew b
usin
ess
prem
ium
incl
udes
firs
t ye
ar p
rem
ium
and
sin
gle
prem
ium
.2)
Fig
ures
in b
rack
et s
how
per
cent
age
to t
otal
indi
vidu
al n
ew b
usin
ess
proc
ured
thr
ough
res
pect
ive
chan
nels
.3)
The
lead
s ob
tain
ed t
hrou
gh r
efer
ral a
rran
gem
ents
hav
e be
en in
clud
ed in
the
res
pect
ive
chan
nels
.
-
HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
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
2013
-14
2014
-15
2015
-16
2013
-14
2014
-15
2015
-16
Indi
vidu
al A
gent
s65
9065
6247
6211
6446
4969
3479
127
0163
710
41.6
216
78.6
613
59.3
2
(17.
80)
(16.
80)
(13.
27)
(12.
39)
(5.6
4)(1
.57)
(1.7
6)(2
.90)
(1.6
9)
Cor
pora
te A
gent
s-B
anks
483
399
300
3282
246
4485
704
5801
924
1804
.20
1283
.07
1361
.9
(1.3
0)(1
.02)
(0.8
4)(3
.49)
(3.6
5)(3
.37)
(3.0
5)(2
.22)
(1.6
9)
Cor
pora
te A
gent
s- O
ther
s*78
5610
946
2155
434
0229
3728
5552
0244
0.44
625.
5177
2.46
(2.1
1)(0
.14)
(0.3
0)(4
.92)
(27.
69)
(16.
60)
(0.7
4)(1
.08)
(0.9
6)
Bro
kers
1739
1943
1976
3793
588
5537
280
8516
066
318.
8943
1.10
507.
47
(4.7
0)(4
.97)
(5.5
1)(4
.04)
(4.5
1)(4
.95)
(0.5
4)(0
.75)
(0.6
3)
Dire
ct S
ellin
g28
143
3007
528
727
7066
9931
7185
5360
1264
5805
655
594.
0253
767.
6876
426.
9
(75.
99)
(76.
98)
(80.
08)
(75.
17)
(58.
48)
(73.
51)
(93.
91)
(93.
05)
(95.
03)
MI A
gent
s-
34.0
01.
00-
2530
183
9.00
-0.
180.
01
(0.0
9)(0
.00)
(0.0
2)(0
.00)
(0.0
0)(0
.00)
Com
mon
Ser
vice
Cen
tres
(C
SCs)
--
--
--
TOTA
L37
033
3906
935
875
9401
1968
1228
6137
317
2033
724
5919
9.17
5778
680
428.
06
(100
.00)
(100
.00)
(100
.00)
(100
.00)
(100
.00)
(100
.00)
(100
.00)
(100
.00)
(100
.00)
Ref
erra
ls-
-0
--
0-
-0
--
(0.0
0)-
-(0
.00)
--
(0.0
0)
*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 ye
ar p
rem
ium
and
sin
gle
prem
ium
.3)
Fig
ures
in b
rack
et s
how
per
cent
age
to t
otal
gro
up n
ew b
usin
ess
proc
ured
thr
ough
res
pect
ive
chan
nels
.
-
HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
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
6
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
Aru
nach
al P
rade
sh13
370
33.9
110
330
31.9
010
504
36.2
9A
ssam
9690
5912
46.2
269
2280
1410
.51
7350
9014
70.1
7B
ihar
2420
746
2189
.37
1366
993
2032
.54
1320
801
2227
.50
Cha
ttisg
arh
7926
9354
1.95
3913
4152
8.52
3945
8157
4.65
Goa
1364
2429
6.87
9481
826
3.28
9518
328
3.42
Guj
arat
2438
534
4335
.71
1454
884
3549
.13
1461
825
3992
.22
Har
yana
7037
0112
69.8
153
8332
1234
.04
5383
0112
68.9
1H
imac
hal
Pra
desh
4321
3552
8.16
2188
1441
9.77
2471
9440
9.55
Jam
mu
& K
ashm
ir22
9418
389.
6215
6206
354.
1117
8819
380.
68Jh
arkh
and
8372
1410
57.8
852
1057
979.
0353
1810
1106
.16
Kar
nata
ka27
5560
336
54.9
415
7564
933
79.1
016
6973
434
21.6
3K
eral
a14
8724
223
65.6
794
6638
2220
.43
9520
5123
17.6
2M
adhy
a P
rade
sh15
8553
522
98.3
998
7506
1985
.09
1087
495
1971
.39
Mah
aras
htra
5266
383
1163
7.52
3411
072
1029
1.27
3567
257
1063
8.16
Man
ipur
5388
967
.13
2792
374
.96
2797
970
.75
Meg
hala
ya18
296
267.
6919
407
60.2
219
883
58.5
6M
izor
am62
4621
.68
4989
20.3
455
6917
.08
Nag
alan
d17
605
49.6
215
164
43.4
914
865
45.8
7O
dish
a15
6522
616
13.2
510
2479
216
34.0
010
9304
518
82.4
3P
unja
b91
6284
1339
.82
6047
8413
10.1
462
6573
1309
.57
Raj
asth
an21
3072
622
84.0
414
0654
620
59.0
814
8770
720
86.0
9S
ikki
m16
789
33.6
612
173
32.6
613
305
38.0
2Ta
mil
Nad
u25
7455
541
50.2
216
5193
638
13.0
916
4341
239
28.3
3Te
lang
ana
--
9028
3219
03.1
895
4101
2114
.36
Trip
ura
1483
7815
0.72
9548
911
7.25
1011
4612
8.49
Utta
r P
rade
sh46
5673
852
91.9
130
2659
348
38.7
829
3645
249
06.8
7U
ttrak
hand
5395
7364
1.85
2943
1260
4.30
2834
7660
3.79
Wes
t B
enga
l32
9092
348
97.9
322
8868
043
72.9
024
2205
350
45.1
0A
ndam
an &
Nic
obar
6651
12.5
955
2810
.17
5676
14.0
2C
hand
igar
h18
0648
501.
3676
739
406.
6177
271
403.
86D
adra
& N
agra
Hav
eli
2541
3.18
1655
2.97
1779
4.36
Dam
an &
Diu
9977
11.3
649
938.
8145
029.
34D
elhi
1289
932
3228
.52
7872
0930
95.0
679
4135
3288
.18
Laks
hadw
eep
108
0.14
105
0.17
106
0.17
Pud
uche
rry
5188
610
5.70
3730
577
.72
3387
788
.43
AL
L IN
DIA
4083
5064
6095
6.85
2586
9356
5539
926
7024
5258
319.
88
* N
ew B
usin
ess
Pre
miu
m in
clud
es f
irst
year
pre
miu
m a
nd s
ingl
e pr
emiu
m.
-
HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
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)
Stat
e / U
nion
Ter
ritor
y20
13-1
420
14-1
520
15-1
6N
o. o
fP
rem
ium
No.
of L
ives
No.
of
Pre
miu
mN
o. o
f Liv
esN
o. o
fP
rem
ium
No.
of L
ives
sche
mes
Cov
ered
sche
mes
Cov
ered
sche
mes
Cov
ered
And
hra
Pra
desh
2874
2344
2023
0462
1444
640
5340
025
1239
983
7868
993
Aru
nach
al P
rade
sh10
275
668
117
168
51
4588
Ass
am13
9630
568
4088
1527
320
9554
0718
9684
615
2684
2B
ihar
922
232
5573
6212
3324
789
2916
1449
352
1949
402
Cha
ttisg
arh
543
457
2333
560
611
703
3393
872
686
699
2707
076
Goa
215
115
5079
125
233
784
513
131
105
1414
70G
ujar
at19
8916
0017
2934
618
9915
7219
0749
310
8814
8431
2102
2H
arya
na57
743
112
1371
859
738
514
8242
551
448
923
7497
8H
imac
hal P
rade
sh44
410
177
826
530
5868
324
441
8723
4648
Jam
mu
& K
ashm
ir12
326
444
684
132
145
8523
512
128
026
0365
Jhar
khan
d63
413
8932
3778
631
631
3783
7761
670
656
3080
Kar
nata
ka39
9172
4012
5577
7040
0682
0417
5156
0841
4611
335
2557
2415
Kera
la13
5211
0940
5715
913
8411
1535
6512
213
4221
1749
1315
6M
adhy
a P
rade
sh22
6551
453
0633
717
6936
147
8341
415
8241
956
0252
4M
ahar
asht
ra48
0916
840
1230
7101
5004
1918
015
4364
7841
0824
348
2949
6955
Man
ipur
263
1125
266
723
695
72
2166
9M
egha
laya
2415
730
961
3477
2297
650
2627
548
Miz
oram
344
6282
236
5274
184
1194
1N
agal
and
52
4458
61
2421
70
1198
2O
rissa
1186
455
8792
4213
1838
419
4480
112
5036
425
0940
7P
unja
b54
315
225
1938
406
189
3387
6737
418
877
1318
Raj
asth
an11
9967
930
5421
712
9366
631
1675
813
0196
246
5480
0S
ikki
m3
165
24
087
816
154
71Ta
mil
Nad
u37
8547
1684
1643
551
8545
6910
1979
1137
8557
3413
9393
28Te
lang
ana
--
-14
2423
1218
8433
2813
9628
8518
9659
95Tr
ipur
a72
1929
488
7823
3970
482
4329
083
Utta
r P
rade
sh23
4294
942
2195
023
2899
453
4148
322
7112
9796
7703
4U
ttrak
hand
748
3284
2451
9061
655
725
8242
1043
4352
4368
79W
est B
enga
l27
1760
5511
4964
3428
6152
0614
9740
5527
6566
5718
8006
97A
ndam
an &
Nic
obar
10
742
90
2883
40
976
Cha
ndig
arh
402
359
3597
8833
726
914
6157
535
826
463
9711
Dad
ra &
Nag
raha
veli
30
3269
10
1804
10
281
Dam
an &
Diu
40
4787
00
241
52
5376
Del
hi15
7394
0734
6889
616
7685
5040
8940
715
0513
298
7088
135
Laks
hadw
eep
00
1650
219
2279
00
6P
uduc
herr
y22
211
4442
332
719
9651
427
325
9857
3A
LL IN
DIA
3703
359
199
9401
1968
3906
957
732
1168
6137
335
875
8035
616
4033
724
* N
ew B
usin
ess
Pre
miu
m in
clud
es fi
rst y
ear p
rem
ium
and
sin
gle
prem
ium
.
-
HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
18
TABLE 8: NUMBER OF INDIVIDUAL NEW POLICIES ISSUED (LIFE)(In Lakhs)
INSURER 2013-14 2014-15 2015-16
LIC 345.12 201.71 205.47
(-6.17) (-41.55) (1.86)
Private Sector 63.6 57.37 61.92
(-14.11) (-9.79) (7.92)
Total 408.72 259.08 267.38
(-7.50) (-36.61) (3.20)
Note: Figures in bracket indicates the growth over the previous year in per cent.
-
HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
19
TAB
LE
9:
IND
IVID
UA
L B
US
INE
SS
(W
ITH
IN IN
DIA
) B
US
INE
SS
IN F
OR
CE
(N
UM
BE
R O
F P
OL
ICIE
S)
(Pol
icie
s in
‘000
)
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
the
finan
cial
yea
r21
6.48
200.
0422
9.27
334.
5434
8.54
353.
6724
10.9
722
45.1
521
77.9
7
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
fth
e fin
anci
al y
ear
56.8
052
.38
46.8
728
4.47
233.
7118
2.21
3393
.72
2492
.48
2195
.20
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.
-
HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
20
TAB
LE
9:
IND
IVID
UA
L B
US
INE
SS
(W
ITH
IN IN
DIA
) B
US
INE
SS
IN F
OR
CE
(NU
MB
ER
OF
PO
LIC
IES
) (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
fth
e fin
anci
al y
ear
210.
5625
5.21
313.
0377
0.30
782.
5486
2.43
62.0
278
.64
89.4
3
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.
-
HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
21
TAB
LE
9:
IND
IVID
UA
L B
US
INE
SS
(W
ITH
IN IN
DIA
) B
US
INE
SS
IN F
OR
CE
(NU
MB
ER
OF
PO
LIC
IES
) (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
ofth
e fin
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
the
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.
-
HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
22
TAB
LE
9:
IND
IVID
UA
L B
US
INE
SS
(W
ITH
IN IN
DIA
) B
US
INE
SS
IN F
OR
CE
(NU
MB
ER
OF
PO
LIC
IES
) (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
2.13
2.11
Bus
ines
s in
forc
e at
end
of
the
finan
cial
yea
r5.
256.
144.
9887
.67
94.4
710
4.80
67.1
773
.25
77.1
6
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
23.4
548
.80
189.
9132
.27
28.7
725
.91
Link
ed B
usin
ess
#B
usin
ess
in fo
rce
at e
nd o
fth
e fin
anci
al y
ear
130.
8487
.39
65.5
918
69.3
218
02.4
718
36.2
732
80.9
029
32.6
628
04.3
1
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
118.
2511
1.84
108.
53
Gra
nd T
otal
Bus
ines
s in
forc
e at
end
of
the
finan
cial
yea
r48
6.70
392.
6233
3.29
4218
.39
4193
.01
4617
.47
5120
.94
4696
.16
4629
.70
* 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.
-
HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
23
TAB
LE
9:
IND
IVID
UA
L B
US
INE
SS
(W
ITH
IN IN
DIA
) B
US
INE
SS
IN F
OR
CE
(NU
MB
ER
OF
PO
LIC
IES
) (C
ontd
..)(P
olic
ies
in ‘0
00)
IDB
I Fed
eral
Indi
aFir
stK
otak
Mah
indr
a
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
r26
7.94
328.
5636
0.62
42.0
666
.11
105.
5947
3.07
555.
4865
8.16
Add
ition
s du
ring
the
year
*11
1.29
81.5
590
.38
40.8
760
.88
64.8
215
9.42
181.
5025
1.70
Del
etio
ns d
urin
g th
e ye
ar**
50.6
749
.49
51.9
216
.55
21.3
931
.09
77.0
178
.83
75.8
9B
usin
ess
in fo
rce
at e
nd o
fth
e fin
anci
al y
ear
328.
5636
0.62
399.
0866
.38
105.
5913
9.32
555.
4865
8.16
833.
97
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
0.95
0.92
0.86
0.08
0.00
0.00
6.12
5.64
5.31
Add
ition
s du
ring
the
year
*0.
000.
000.
000.
020.
002.
450.
270.
310.
75D
elet
ions
dur
ing
the
year
**0.
040.
050.
060.
000.
000.
040.
750.
640.
71B
usin
ess
in fo
rce
at e
nd o
fth
e fin
anci
al y
ear
0.92
0.86
0.80
0.10
0.00
2.41
5.64
5.31
5.35
Non
link
ed H
ealth
Bus
ines
sB
usin
ess
in fo
rce
at e
nd o
fth
e fin
anci
al y
ear
0.49
0.38
0.31
6.32
4.01
1.90
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
95.6
087
.89
94.2
230
0.34
283.
9725
3.72
513.
2442
1.55
379.
74
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
7.79
6.42
5.78
0.00
0.00
0.00
Gra
nd T
otal
Bus
ines
s in
forc
e at
end
of
the
finan
cial
yea
r42
5.56
449.
7549
4.41
380.
9339
9.99
403.
1310
74.3
610
85.0
212
19.0
6
* 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.
-
HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
24
TAB
LE
9:
IND
IVID
UA
L B
US
INE
SS
(W
ITH
IN IN
DIA
) B
US
INE
SS
IN F
OR
CE
(NU
MB
ER
OF
PO
LIC
IES
) (C
ontd
..)(P
olic
ies
in ‘0
00)
Max
Life
PNB
Met
life
Rel
ianc
e N
ippo
n
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
r22
65.3
625
11.6
026
89.1
841
0.42
460.
1550
7.78
2327
.00
2407
.35
2432
.17
Add
ition
s du
ring
the
year
*50
1.75
447.
8945
2.91
160.
1814
4.73
187.
5762
4.45
486.
1037
6.38
Del
etio
ns d
urin
g th
e ye
ar**
255.
5127
0.31
285.
0811
0.45
97.1
078
.07
544.
1046
1.28
393.
02B
usin
ess
in fo
rce
at e
nd o
fth
e fin
anci
al y
ear
2511
.60
2689
.18
2857
.00
460.
1550
7.78
617.
2724
07.3
524
32.1
724
15.5
2
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
5.07
4.56
4.29
0.80
0.77
0.67
8.48
7.72
6.14
Add
ition
s du
ring
the
year
*0.
300.
571.
910.
010.
000.
350.
430.
270.
22D
elet
ions
dur
ing
the
year
**0.
810.
830.
690.
040.
100.
071.
191.
852.
29B
usin
ess
in fo
rce
at e
nd o
fth
e fin
anci
al y
ear
4.56
4.29
5.51
0.77
0.67
0.95
7.72
6.14
4.07
Non
link
ed H
ealth
Bus
ines
sB
usin
ess
in fo
rce
at e
nd o
fth
e fin
anci
al y
ear
12.6
48.
476.
460.
170.
0731
.27
27.4
221
.45
20.2
0
Link
ed B
usin
ess
#B
usin
ess
in fo
rce
at e
nd o
fth
e fin
anci
al y
ear
1096
.46
966.
4988
6.46
463.
4842
8.28
393.
2515
64.8
671
8.58
530.
20
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
10.5
45.
804.
33
Gra
nd T
otal
Bus
ines
s in
forc
e at
end
of
the
finan
cial
yea
r36
25.2
636
68.4
237
55.4
392
4.56
936.
8010
42.7
440
17.8
831
84.1
329
74.3
2
* 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.
-
HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
25
TAB
LE
9:
IND
IVID
UA
L B
US
INE
SS
(W
ITH
IN IN
DIA
) B
US
INE
SS
IN F
OR
CE
(NU
MB
ER
OF
PO
LIC
IES
) (C
ontd
..)(P
olic
ies
in ‘0
00)
Sah
ara
SBI L
ifeS
hrir
am
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
r22
8.70
239.
6723
6.58
1724
.94
2365
.21
2980
.21
247.
0525
9.86
353.
94A
dditi
ons
durin
g th
e ye
ar*
47.9
527
.71
23.1
588
8.65
904.
1888
7.10
130.
8719
3.39
272.
00D
elet
ions
dur
ing
the
year
**36
.96
30.8
116
.38
248.
3728
9.18
518.
3611
8.07
99.3
112
5.56
Bus
ines
s in
forc
e at
end
of
the
finan
cial
yea
r23
9.69
236.
5824
3.34
2365
.21
2980
.21
3348
.95
259.
8635
3.94
500.
39
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
0.37
0.36
0.35
148.
5714
1.26
127.
390.
030.
040.
04A
dditi
ons
durin
g th
e ye
ar*
0.01
0.00
0.00
13.1
79.
388.
090.
010.
000.
00D
elet
ions
dur
ing
the
year
**0.
020.
020.
0320
.49
23.2
522
.54
0.00
0.00
0.00
Bus
ines
s in
forc
e at
end
of
the
finan
cial
yea
r0.
360.
350.
3214
1.26
127.
3911
2.94
0.04
0.04
0.04
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
6.06
2.32
1.08
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
70.0
240
.84
30.3
222
85.1
520
77.5
121
70.5
811
7.41
94.8
879
.62
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
r31
0.07
277.
7627
3.98
4797
.67
5187
.43
5633
.55
377.
3144
8.86
580.
05
* 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.
-
HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16
26
TAB
LE
9:
IND
IVID
UA
L B
US
INE
SS
(W
ITH
IN IN
DIA
) B
US
INE
SS
IN F
OR
CE
(NU
MB
ER
OF
PO
LIC
IES
) (C
ontd
..)(P
olic
ies
in ‘0
00)
Star
Uni
on D
ai-Ic
hiTa
ta A
IAPr
ivat
e To
tal
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
r15
3.95
181.
1417
9.17
807.
2981
2.65
800.
7617
651.
9819
338.
4620
366.
42A
dditi
ons
durin
g th
e ye
ar*
87.4
452
.90
80.6
212
3.38
78.7
612
8.76
5605
.14
4668
.92
4886
.85
Del
etio
ns d
urin
g th
e ye
ar**
60.2
554
.87
34.1
211
8.02
90.6
551
.73
3861
.58
3640
.95
3195
.13
Bus
ines
s in
forc
e at
end
of
the
fina