irda handbook 2013-14

HANDBOOKON

INDIAN INSURANCE STATISTICS2013-14

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA

Head Offi ce Delhi Offi ce3rd Floor, Parishram Bhavan Gate No. 3, 1st Floor, Jeevan TaraBasheerbagh, Hyderabad 500 004 Parliament Street, New Delhi 110 001INDIA. INDIA.Phone : +91-40-2338 1100 / 1300 Phone : +91-11-2374 7648Fax : +91-40-6682 3334 Fax : +91-11-2374 7650

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

To protect the interest of and secure fair treatment to policyholders; To bring about speedy and orderly growth of the insurance industry (including annuity and

superannuation payments), for the benefi t of the common man, and to provide long term funds for accelerating growth of the economy;

To set, promote, monitor and enforce high standards of integrity, fi nancial soundness, fair dealing and competence of those it regulates;

To ensure speedy settlement of genuine claims, to prevent insurance frauds and other malpractices and put in place effective grievance redressal machinery;

To promote fairness, transparency and orderly conduct in fi nancial markets dealing with insurance and build a reliable management information system to enforce high standards of fi nancial 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 of the industry

consistent with the requirements of prudential regulation.

MISSION STATEMENT

iHANDBOOK ON INDIAN INSURANCE STATISTICS 2013-14

CONTENTSSI. No.

Particulars Page No.

SUMMARYA Summary of Indian Life Insurance Sector 3-4B Summary of Indian Non-Life Insurance Sector 5C International Comparison of Insurance Penetration 6-8D International Comparison of Insurance Density 9-11

CHARTS Life Insurance

1 Number of Insurers 152 Region Wise Distribution of Offi ces 153 Number of New Policies Issued 164 Total Life Insurance Premium 165 Channel Wise New Business Premium (Individual + Group) 176 Equity Share Capital 177 Assets Under Management 188 Profi tability of Sector 18

Non-Life Insurance9 Number of Insurers 19

10 Number of Policies Issued 1911 Gross Direct Premium 2012 Segment Wise Net Premium Income Earned 2013 Equity Share Capital 2114 Assets Under Management 2115 Profi tability of Sector 2216 Incurred Claim Ratio 22

TABLES

PART - I LIFE INSURANCE

1 Life Insurance Companies Operating in India 252 First Year Life Insurance Premium 263 Total Life Insurance Premium 274 Individual New Business Performance of Life Insurers - Channel Wise 285 Group New Business Performance of Life Insurers - Channel Wise 29-306 State Wise Individual New Business Underwritten 31-327 State Wise Group New Business Underwritten 33-34

ii

HANDBOOK ON INDIAN INSURANCE STATISTICS 2013-14

SI. No.


8 Number of New Policies Issued 359 Individual Business (Within India) - Business in Force (Number of Policies) 36-56

10 Individual Business (Within India) - Business in Force (Sum Assured) 57-7711 Linked and Non - Linked Premium of Life Insurers 78-8512 Linked and Non - Linked Commission of Life Insurers 86-8813 Individual Death Claims 8914 Group Death Claims 9015 Duration Wise Settlement of Death Claims - Individual Category 91-10316 Duration Wise Settlement of Death Claims - Group Category 104-11617 Assets Under Management of Life Insurers 11718 Equity Share Capital of Life Insurers 11819 Solvency Ratio of Life Insurers 119-12120 Life Insurers - Policyholders Account 122-14321 Life Insurers - Shareholders Account 144-16422 Life Insurers - Balance Sheet 165-18623 Life Insurance Corporation of India - Policyholders Account (Non-Participating) 18724 Life Insurance Corporation of India - Shareholders Account (Non-Participating) 18825 Life Insurance Corporation of India - Balance Sheet (Non-Participating) 18926 Individual Business - Details of Forfeiture/Lapsed Policies in Respect of Non-Linked Business 190-19227 Persistency of Life Insurance Policies 193-19428 Number of Individual Agents of Life Insurers 19529 Number of Corporate Agents of Life Insurers 19630 Average Number of Policies Sold by Individual and Corporate Agents 19731 Average New Business Premium for Individual and Corporate Agents 19832 Average Premium Per Policy for Individual and Corporate Agents 19933 State Wise Distribution of Offi ces of Life Insurers 200-21234 Region Wise Distribution of Offi ces of Life Insurers 213-21435 State Wise Distribution of Individual Agents 215-22736 New Business Under Micro Insurance Portfolio 228-22937 Death Claims Under Micro Insurance Portfolio - Individual Category 230-23538 Death Claims Under Micro Insurance Portfolio - Group Category 236-23939 Duration Wise Settlement of Claims- Micro Insurance - Individual Category 240-24540 Duration Wise Settlement of Claims- Micro Insurance Claims - Group Category 246-24941 Company Wise Number of Micro-Insurance Agents 25042 Status of Grievances - Life Insurance 251-25243 Performance of Ombudsmen at Different Centers - Life Insurance 253-254

iii


SI. No.


PART - II NON-LIFE INSURANCE

44 Non-Life Insurance Companies Operating in India 25745 Gross Direct Premium of Non-Life Insurance (Within & Outside India) 258-25946 Segment Wise Gross Direct Premium of Non-Life Insurers (Within India) 260-26547 Segment Wise Net Premium Income in India (Earned) 266-27148 Channel Wise Gross Direct Premium of Non Life Insurers 272-27449 State Wise Gross Direct Premium Income 275-28150 Number of New Policies Issued : Non-Life Insurers 28251 Net Retentions of Non Life Insurers 28252 Incurred Claims Ratio - Public & Private Sector Non-Life Insurers 283-29453 Underwriting Experience and Profi ts of Public Sector Companies 295-29854 Underwriting Experience and Profi ts of Private Sector Companies 299-31255 Assets Under Management of Non-Life Insurers 31356 Equity Share Capital of Non-Life Insurers 31457 Solvency Ratio of Non-Life Insurers 315-31658 Public Sector Non-Life Insurers - Policyholders Account 317-33359 Public Sector Non Life Insurers - Shareholders Account 334-33860 Public Sector Non-Life Insurers - Balance Sheet 339-34361 Private Sector Non-Life Insurers - Policyholders Account 344-39562 Private Sector Non-Life Insurers - Shareholders Account 396-40963 Private Sector Non-Life Insurers - Balance Sheet 410-42464 Health Insurance (Other than Travel-domestic/overseas & Personal accident):

Gross Premium and Number of Persons Covered425-427

65 Health Insurance (Other than Travel-domestic/overseas & Personal accident): Incurred Claims Ratio

428-430

66 Personal Accident Insurance Premium and Number of Persons Covered 431-43367 Personal Accident Insurance Incurred Claims Ratio 434-43668 Overseas Travel Insurance Gross Premium and Number of Persons Covered 437-43969 Overseas Travel Insurance Incurred Claims Ratio 440-44270 Domestic Travel Insurance Gross Premium and Number of Persons Covered 443-44571 Domestic Travel Insurance Incurred Claims Ratio 446-44872 Health Insurers - Policyholders Account 449-45173 Health Insurers - Shareholders Account 452-45474 Health Insurers - Balance Sheet 455-45775 Export Credit Guarantee Corporation Ltd. (ECGC) - Policyholders Account 458

iv


SI. No.


76 Export Credit Guarantee Corporation Ltd. (ECGC) - Shareholders Account 45977 Export Credit Guarantee Corporation Ltd. (ECGC) Balance Sheet 46078 Agriculture Insurance Company of India Ltd. (AIC) - Policyholders Account 46179 Agriculture Insurance Company of India Ltd. (AIC) - Shareholders Account 46280 Agriculture Insurance Company of India Ltd. (AIC) Balance Sheet 46381 General Insurance Corporation (GIC) - Policyholders Account 46482 General Insurance Corporation (GIC) - Shareholders Account 46583 General Insurance Corporation (GIC) Balance Sheet 46684 State Wise Number of Offi ces of Non-Life Insurers 467-47585 State-Wise Number of Registered Brokers 47686 Third Party Administration Number of Claims Received & Duration Wise Settlement of Claims 477-48187 Status of Grievances - Non-Life Insurers 482-48488 Performance of Ombudsmen at different centers - Non - Life Insurance 485-486

PART - III LIFE AND NON-LIFE INSURANCE COMBINED

89 Performance of Ombudsmen at different centers - Life and Non-Life Insurance Combined 489-490

SUMMARY


3HANDBOOK ON INDIAN INSURANCE STATISTICS 2013-14A

. SU

MM

ARY

OF

IND

IAN

LIF

E IN

SUR

AN

CE

SEC

TOR

(Con

td.)

PART

ICUL

ARS

Rema

rks

Unit

2000

-0120

01-02

2002

-0320

03-04

2004

-0520

05-06

2006

-0720

07-08

2008

-0920

09-10

2010

-1120

11-12

2012

-1320

13-14

PROF

ILE

No of

comp

anies

As

on 31

st Marc

hNo

s.5

1213

1314

1516

1822

2323

2424

24No

of br

anch

offi c

esAs

on 31

st Marc

hNo

s.21

9923

0624

4526

1230

0138

6553

7389

1311

815

1201

811

546

1116

710

285

1103

2Ins

uranc

e pen

etrati

onCa

lende

r Yea

rIn

per c

ent

2.15

2.59

2.26

2.53

2.53

4.10

4.00

4.00

4.60

4.40

3.40

3.17

3.10

Insura

nce d

ensit

yCa

lende

r Yea

rUS

$9.1

11.7

12.9

15.7

18.3

33.2

40.4

41.2

47.7

55.7

49.0

42.7

41.0

BUSIN

ESS F

IGUR

ES

Numb

er of

new

polic

ies is

sued

FYIn

Lakh

s25

428

626

235

546

250

950

953

248

244

244

240

9Fir

st ye

ar pre

mium

(In

cludin

g sing

le pre

mium

)FY

(` Cr

ore)

9707

1985

716

942

1978

826

218

3878

675

649

9371

387

331

1098

9412

6398

1139

6610

7361

1203

20

Total

Prem

ium

FY(`

Crore

)34

898

5009

455

748

6665

482

855

1058

7615

6076

2013

5122

1785

2654

4729

1639

2870

7228

7202

3142

83

Marke

t sha

re of

LIC

(base

d on T

otal P

remium

)FY

In pe

r cen

t10

099

9895

9186

8274

7170

7071

7375

Indivi

dual

Busin

ess i

n Forc

e (N

umbe

r of p

olicie

s)FY

In Th

ousa

nds

1936

0145

1963

2579

1129

1618

3189

2732

9187

3352

8433

6112

3348

08

Indivi

dual

Busin

ess i

n Forc

e (S

um As

sured

)FY

(` Cr

ore)

1554

045

3857

531

2396

646

2913

703

3338

541

3856

219

4311

470

4719

833

6796

602

INTE

RMED

IARI

ES

No of

indiv

idual

agen

tsAs

on 31

st Marc

hNo

s.82

6334

1068

441

1265

183

1212

679

1420

235

1976

934

2485

980

2883

214

2898

653

2581

840

2358

885

2122

757

2188

500

No of

corpo

rate a

gents

As on

31st M

arch

Nos.

275

757

2436

819

216

656

2415

2506

2930

2165

882

739

689

Comm

ission

paid

FY(`

Lakh

)45

6691

5152

7361

5838

7098

6186

3548

1226

864

1468

058

1549

598

1803

559

1828

029

1849

874

1921

810

2075

032

Opera

ting E

xpen

ses r

elated

to

Insura

nce B

usine

ssFY

(` La

kh)

4674

1754

5115

6424

8382

1560

9611

0513

5858

420

3067

325

8319

028

9062

832

9423

029

6561

031

5523

735

0517

6

POLIC

YHOL

DERS

' SER

VICES

No of

claim

s sub

mitte

d (In

dividu

al)FY

No. o

f po

licice

s57

7322

6406

2076

2435

8515

3485

4200

8784

8288

5361

No of

claim

s sub

mitte

d (G

roup)

FYNo

of Li

ves

1628

3726

4138

3091

5143

6201

4024

0736

5437

4259

78

Amou

nt Cl

aimed

(Indiv

idual)

FY(`

Crore

)46

2652

7965

4182

8691

5810

275

1195

8Am

ount

Claim

ed (G

roup)

FY(`

Crore

)11

1413

8316

7921

1824

5827

4932

30

Total

Ben

efi t P

aid (N

et)FY

(` La

kh)

1747

952

2054

522

2399

357

2875

133

3520

986

5571

501

6168

637

5837

029

9556

491

1421

5045

1526

1746

1912

2047

2163

2878

4HANDBOOK ON INDIAN INSURANCE STATISTICS 2013-14A

. SU

MM

ARY

OF

IND

IAN

LIF

E IN

SUR

AN

CE

SEC

TOR

(Con

cld.

)

PART

ICUL

ARS

Rema

rks

Unit

2000

-0120

01-02

2002

-0320

03-04

2004

-0520

05-06

2006

-0720

07-08

2008

-0920

09-10

2010

-1120

11-12

2012

-1320

13-14

Chan

nel W

ise-N

ew B

usine

sss (

Amou

nt of

Prem

ium)-In

dividu

al plu

s Gro

up

Indivi

dual

agen

tsFY

(` Cr

ore)

5461

167

611

5688

466

906

6809

453

113

4976

148

831

Corpo

rate a

gents

-Ban

ksFY

(` Cr

ore)

3690

6822

7307

9288

1239

112

811

1215

411

327

Corpo

rate a

gents

-Othe

rsFY

(` Cr

ore)

1829

3503

3511

3912

3277

2322

1653

1252

Brok

ersFY

(` Cr

ore)

363

573

857

1476

1685

1460

1288

1267

Direc

t sell

ingFY

(` Cr

ore)

1384

715

174

1834

028

262

4088

644

163

4238

057

478

Total

FY(`

Crore

)75

597

9368

386

900

1098

4512

6333

1138

6810

7236

1201

56Re

ferral

sFY

(` Cr

ore)

1258

2347

2731

2610

875

3521

20

Chan

nel W

ise-N

ew B

usine

ss (N

o. of

Lives

Cov

ered)-

Indivi

dual

plus G

roup

Indivi

dual

agen

tsFY

In La

khs

423

500

463

540

450

478

510

484

Corpo

rate a

gents

-Ban

ksFY

In La

khs

2935

4133

6648

5256

Corpo

rate a

gents

-Othe

rsFY

In La

khs

1833

3310

497

2774

53Br

okers

FYIn

Lakh

s8

99

5452

2827

41Di

rect s

elling

FYIn

Lakh

s17

527

749

160

964

852

756

071

4To

talFY

In La

khs

660

854

1038

1339

1313

1109

1223

1348

Refer

rals

FYIn

Lakh

s8

1420

139

0.13

0.13

0.13

Regio

n Wise

distr

ibutio

n of O

ffi ces

Metro

As on

31st M

arch

Nos.

549

939

1265

1244

1132

1106

1071

1048

Urba

nAs

on 31

st Marc

hNo

s.13

4716

3721

2321

0519

8819

5621

3325

43Un

class

ifi ed

As on

31st M

arch

Nos.

3477

6337

8427

8669

8426

8105

7081

7441

Total

As on

31st M

arch

Nos.

5373

8913

1181

519

575

1154

611

167

1028

511

032

Asse

ts Un

der M

anag

emen

t

Life F

und

As on

31st M

arch

(` Cr

ore)

1940

1023

0369

2296

4930

7309

3662

2039

7189

4655

5554

1630

6296

5073

1291

8410

7597

4620

1120

000

1288

225

Pens

ion &

Gen

eral A

nnuit

y &

Grou

p fun

dAs

on 31

st Marc

h(`

Crore

)

30

638

4362

754

705

6407

471

575

9126

211

3952

1436

2718

9927

2366

6728

2387

3375

79

Unit U

LIP Fu

ndAs

on 31

st Marc

h(`

Crore

)

26

616

8875

2725

888

6705

013

3077

1727

6333

7540

3991

1636

9972

3425

0733

1661

Total

Fund

As on

31st M

arch

(` Cr

ore)

1940

1023

0369

2605

5235

2625

4284

5248

7151

6041

8076

5969

9163

6512

1245

814

3011

815

8125

917

4489

419

5746

6

Profi

t / (Lo

ss) a

fter t

axAs

on 31

st Marc

h(`

Lakh

)29

115

5939

811

064

(4145

6)(16

483)

(4524

2)(11

5960

)(34

1281

)(48

8301

)(98

882)

2657

0459

7354

6948

3975

8783

Equit

y Cap

ital

As on

31st M

arch

(` Cr

ore)

1669

2234

3244

4353

5892

8124

1229

618

255

2102

023

662

2493

225

519

2593

9

REDR

ESSE

L OF C

ONSU

MER

GRIEV

ANCE

SNo

of gr

ievan

ces r

eport

ed

durin

g the

year

FYNo

s.30

9613

3410

1237

4620

No. o

f com

plaint

s rep

orted

wi

th the

Omb

udsm

en at

dif

feren

ce ce

ntres

FYNo

s.12

353

1571

117

512

Note

: Figu

res i

n bra

ckets

repr

esen

t neg

ative

value

s.

5HANDBOOK ON INDIAN INSURANCE STATISTICS 2013-14B

. SU

MM

ARY

OF

IND

IAN

NO

N-L

IFE

INSU

RA

NC

E SE

CTO

RPA

RTICU

LARS

Rema

rks

Unit

2000

-0120

01-02

2002

-0320

03-04

2004

-0520

05-06

2006

-0720

07-08

2008

-0920

09-10

2010

-1120

11-12

2012

-1320

13-14

PROF

ILENo

of co

mpan

ies (in

cl rei

nsure

r)As

on 31

st Marc

hNo

s.10

1315

1616

1617

2022

2626

2828

29No

. of b

ranch

offi c

esAs

on 31

st Marc

hNo

s.64

1766

6070

5080

9998

72Ins

uranc

e pen

etrati

onCa

lende

r Yea

rin

Perce

nt0.5

60.6

70.6

20.6

40.6

10.6

00.6

00.6

00.6

00.7

00.7

00.7

80.8

0Ins

uranc

e den

sity

Calen

der Y

ear

US $

2.43.0

3.54.0

4.45.2

6.26.2

6.78.7

10.0

10.5

11.0

BUSIN

ESS F

IGUR

ESNu

mber

of ne

w po

licies

issu

ed

FYIn

Lakh

s43

641

749

851

146

757

367

167

579

385

710

7010

25Gr

oss D

irect

Prem

ium (W

ithin

& Outs

ide In

dia)

FY(`

Crore

)10

499

1238

514

870

1654

218

456

2133

925

930

2880

631

428

3581

643

842

5457

865

023

7299

0Ma

rket s

hare

of PS

Us (E

xclud

ing G

IC, A

IC

& ECG

C)in

Perce

nt96

.2290

.9286

.3581

.0074

.8766

.6061

.4859

.7459

.2060

.2559

.1155

.6154

.67

Segm

ent W

ise G

ross D

irect

Prem

ium (W

ithin

India

) - Ex

cludin

g Spe

cialis

ed &

Stand

alone

Insu

rers

Fire

FY(`

Lakh

)20

6436

2667

3929

5478

3150

0533

3092

3774

5341

3238

3459

2133

8468

3869

2745

5512

5434

4966

5891

7391

73Ma

rine

FY(`

Lakh

)98

515

1105

340

1215

19111

754

1228

1012

8409

1627

8432

857

1956

1521

6759

2518

7628

7679

3029

1531

5436

Motor

FY(`

Lakh

)87

3338

1069

666

1268

525

1333

602

1504

699

1817

272

2424

712

2962

980

3382

357

Healt

hFY

(` La

kh)

2220

7533

1929

4894

4260

8800

7311

3799

4393

1180

902

1397

467

1566

316

Othe

rsFY

(` La

kh)

6757

4477

2485

9736

9511

3272

212

9215

843

4697

5129

2949

8604

5586

9862

2522

7385

9485

0835

9680

1210

5772

0To

talFY

(` La

kh)

9806

9511

4458

213

9069

215

5948

117

4806

020

3597

224

9054

927

8813

430

3518

334

6204

542

5764

752

8757

762

9762

470

6100

2Ne

t Rete

ntion

s of N

on-Li

fe Ins

urers

Fire

FYin

Perce

nt80

.4676

.0085

.7665

.7275

.6577

.3573

.9965

.3975

.1671

.8869

.24Ma

rine C

argo

FYin

Perce

nt89

.4685

.0791

.7777

.1084

.4388

.5985

.3579

.1878

.8683

.5985

.99Ma

rine H

ullFY

in Pe

rcent

26.68

25.55

39.76

18.30

20.01

31.26

23.31

25.06

32.29

34.79

31.94

Motor

FYin

Perce

nt99

.0299

.6410

0.00

96.15

100.0

099

.9999

.9998

.8899

.0298

.7810

0.00

Engin

eerin

gFY

in Pe

rcent

81.29

75.78

91.55

72.89

77.52

71.26

68.88

70.15

73.53

70.78

71.07

Aviat

ionFY

in Pe

rcent

25.98

23.53

48.53

21.93

24.21

23.71

25.64

37.50

20.16

27.25

1.00

Othe

r misc

ellan

eous

FYin

Perce

nt94

.7088

.3594

.4789

.6397

.1196

.9591

.3990

.6394

.5290

.0189

.43To

tal- A

ll Seg

ments

FYin

Perce

nt87

.9086

.4592

.5883

.4191

.2694

.4590

.3088

.2491

.8489

.8490

.32Inc

urred

Claim

s Rati

o Fir

eFY

in Pe

rcent

46.52

47.04

30.33

39.54

64.57

58.52

68.69

75.74

79.91

86.07

96.78

68.82

76.54

Marin

eFY

in Pe

rcent

59.70

67.10

62.19

66.61

74.41

86.52

91.63

102.9

378

.0890

.1883

.7264

.9663

.37Mo

torFY

in Pe

rcent

84.69

92.31

88.82

84.51

102.5

494

.9688

.6379

.50He

alth

FYin

Perce

nt14

1.02

106.9

910

5.95

111.13

100.0

894

.0096

.4210

0.73

Othe

rsFY

in Pe

rcent

105.1

510

9.12

88.95

86.27

86.88

52.85

52.52

54.17

56.64

56.13

54.29

48.72

64.07

Total

- All S

egme

ntsFY

in Pe

rcent

88.02

78.27

77.20

77.43

88.39

81.27

87.78

86.31

85.67

93.30

88.90

82.79

81.74

Unde

rwriti

ng Pr

ofi t/L

oss

FY(`

Lakh

)38

442

(2664

6)63

191

1425

36

1293

50

1473

66

3137

11

2249

32

3970

7 12

0451

(99

4353

)(88

2740

)(69

8428

)(75

4888

)As

sets

Unde

r Man

agem

ent

As on

31st M

arch

(` Cr

ore)

2446

2 23

400

3033

4 34

075

3741

2 42

332

5038

3 56

280

5889

3 66

372

8252

0 99

268

1229

92

1398

09

Equit

y Sha

re Ca

pital

(Inclu

ding s

pecia

lised

ins

urers

but e

xclud

ing G

IC)As

on 31

st Marc

h(`

Crore

)15

17

1723

21

49

2299

27

84

3056

36

61

4400

52

55

6276

73

96

9520

10

240

Comm

ission

expe

nses

FY(`

Lakh

)(53

19)

(2420

)86

34

1107

5 30

384

4007

8 25

233

6175

0 10

4660

11

9879

14

4373

20

2798

19

1464

26

3497

Op

eratin

g exp

enses

realt

ed to

Insura

nce b

usine

ssFY

(` La

kh)

2258

42

2680

69

3084

49

4203

46

4404

89

5200

01

5412

93

6322

09

7609

76

8746

00

1062

048

11172

16

1354

018

1511

785

Opera

ting p

rofi t/(

Loss

)FY

(` La

kh)

(2554

)(57

594)

1069

6 46

452

8782

4 38

922

2057

85

1357

74

(1044

51)

(1047

74)

(3686

07)

(2457

35)

1450

43

2343

66

Incom

e from

inve

stmen

tsFY

(` La

kh)

1514

78

077

9122

4 12

6067

14

2246

19

2612

21

1079

26

0384

22

6494

27

7048

93

8183

95

0493

11

9116

7 14

0043

4 Pr

ofi t a

fter ta

x (Ind

ustry

Total

)FY

(` La

kh)

(1358

)(72

10)

6806

4 14

1100

15

3811

17

4723

35

5134

28

6300

84

212

1170

61

(1018

94)

2452

32

8183

44

3890

REDR

ESSE

L OF C

ONSU

MER G

RIEVA

NCES

No of

griev

ance

s rep

orted

durin

g the

year

9315

5 78

927

6373

6 No

. of c

ompla

ints r

eport

ed w

ith th

e Om

buds

men a

t diffe

rence

centr

es99

87

9071

96

27

Note

: Figu

res i

n bra

ckets

repr

esen

t neg

ative

value

s.

6HANDBOOK ON INDIAN INSURANCE STATISTICS 2013-14C

: IN

TER

NAT

ION

AL

CO

MPA

RIS

ON

OF

INSU

RA

NC

E PE

NET

RAT

ION

* (Con

td.)

(In P

er ce

nt)

Coun

tries

2001

2002

2003

2004

Tota

lLi

feNo

n-Li

feTo

tal

Life

Non-

Life

Tota

lLi

feNo

n-Li

feTo

tal

Life

Non-

Life

Austr

alia

9.15

5.73.4

58.4

85.0

23.4

67.9

94.4

23.5

78.0

24.1

73.8

5

Braz

il2.1

40.3

61.7

82.7

91.0

51.7

42.9

61.2

81.6

82.9

81.3

61.6

2

Fran

ce8.5

85.7

32.8

58.5

85.6

12.9

79.1

55.9

93.1

69.5

26.3

83.1

4

Germ

any

6.59

33.5

96.7

63.0

63.7

6.99

3.17

3.82

6.97

3.11

3.86

Russ

ia3.0

61.5

51.5

12.7

70.9

61.8

13.2

51.1

22.1

32.8

30.6

12.2

2

South

Afric

a17

.9715

.192.7

818

.7815

.922.8

615

.8812

.962.9

214

.3811

.432.9

5

Switz

erlan

d12

.717.9

54.7

613

.368.1

45.2

212

.747.7

25.0

211

.756.7

35.0

2

Unite

d King

dom

14.18

10.73

3.45

14.75

10.19

4.56

13.37

8.62

4.75

12.6

8.92

3.68

Unite

d Stat

es8.9

74.4

4.57

9.58

4.64.9

89.6

14.3

85.2

39.3

64.2

25.1

4

Asian

Cou

ntrie

s

Hong

Kon

g6.3

45.1

31.2

16.6

55.2

1.45

7.88

6.38

1.59.2

77.8

81.3

9

Indi

a#2.7

12.1

50.5

63.2

62.5

90.6

72.8

82.2

60.6

23.1

72.5

30.6

4

Japa

n11

.078.8

52.2

210

.868.6

42.2

210

.818.6

12.2

10.51

8.26

2.25

Malay

sia5.1

83.3

81.8

4.91

2.94

1.97

5.35

3.29

2.06

5.43.5

21.8

8

Pakis

tan0.6

80.3

0.38

0.62

0.24

0.38

0.62

0.24

0.38

0.71

0.28

0.43

PR C

hina

2.21.3

40.8

62.9

82.0

30.9

53.3

32.3

1.03

3.26

2.21

1.05

Sing

apor

e4.5

83.4

1.18

4.91

3.48

1.43

7.59

6.09

1.57.5

6.02

1.48

South

Kor

ea12

.078.6

93.3

811

.618.2

33.3

89.6

36.7

72.8

69.5

26.7

52.7

7

Sri L

anka

1.20.5

30.6

71.3

0.55

0.75

1.30.5

50.7

51.3

70.6

0.77

Taiw

an8.6

26.0

32.5

910

.167.3

52.8

111

.318.2

83.0

314

.1311

.063.0

7

Thail

and

2.94

1.86

1.08

3.24

2.09

1.15

3.45

2.25

1.23.5

21.9

41.5

8

Wor

ld7.8

34.6

83.1

58.1

44.7

63.3

88.0

64.5

93.4

77.9

94.5

53.4

4

* Ins

uran

ce pe

netra

tion i

s mea

sure

d as r

atio o

f pre

mium

(in U

S Do

llars)

to G

DP (in

US

Dolla

rs)# d

ata re

lates

to fi n

ancia

l yea

r.So

urce

: Swi

ss R

e, Si

gma v

ariou

s volu

mes.


: IN

TER

NAT

ION

AL

CO

MPA

RIS

ON

OF

INSU

RA

NC

E PE

NET

RAT

ION

* (Con

td.)

(In P

er ce

nt)

Coun

tries

2005

2006

2007

2008

Tota

lLi

feNo

n-Li

feTo

tal

Life

Non-

Life

Tota

lLi

feNo

n-Li

feTo

tal

Life

Non-

Life

Austr

alia

6.60

3.51

3.09

7.00

3.80

3.20

6.80

3.80

3.00

7.30

4.40

2.90

Braz

il3.0

11.3

31.6

82.8

01.3

01.6

03.0

01.4

01.6

03.0

01.4

01.6

0

Fran

ce10

.217.0

83.1

311

.007.9

03.1

010

.307.3

03.0

09.2

06.2

03.0

0

Germ

any

6.79

3.06

3.73

6.70

3.10

3.60

6.60

3.10

3.60

6.60

3.00

3.50

Russ

ia2.2

70.1

22.1

52.3

00.1

02.3

02.4

00.1

02.4

02.3

0

2.30

South

Afric

a13

.8710

.843.0

316

.0013

.003.0

015

.3012

.502.8

015

.3012

.502.9

0

Switz

erlan

d11

.196.2

04.9

911

.006.2

04.9

010

.305.7

04.6

09.9

05.5

04.4

0

Unite

d King

dom

12.45

8.90

3.55

16.50

13.10

3.40

15.70

12.60

3.00

15.70

12.80

2.90

Unite

d Stat

es9.1

54.1

45.0

18.8

04.0

04.8

08.9

04.2

04.7

08.7

04.1

04.6

0

Asian

Cou

ntrie

s

Hong

Kon

g9.9

38.6

31.2

910

.509.2

01.2

011

.8010

.601.2

011

.209.9

01.3

0

Indi

a#3.1

42.5

30.6

14.8

04.1

00.6

04.7

04.0

00.6

04.6

04.0

00.6

0

Japa

n10

.548.3

22.2

210

.508.3

02.2

09.6

07.5

02.1

09.8

07.6

02.2

0

Malay

sia5.4

23.6

01.8

24.9

03.2

01.7

04.6

03.1

01.5

04.3

02.8

01.5

0

Pakis

tan0.6

70.2

70.4

00.8

00.3

00.5

00.7

00.3

00.4

00.8

00.3

00.4

0

PR C

hina

2.70

1.78

0.92

2.70

1.70

1.00

2.90

1.80

1.10

3.30

2.20

1.00

Sing

apor

e7.4

76.0

01.4

86.5

05.4

01.1

07.6

06.2

01.5

07.8

06.3

01.6

0

South

Kor

ea10

.257.2

72.9

811

.107.9

03.2

011

.808.2

03.6

011

.808.0

03.7

0

Sri L

anka

1.46

0.62

0.84

1.60

0.60

0.90

1.50

0.60

0.90

1.40

0.60

0.90

Taiw

an14

.1111

.172.9

314

.5011

.602.9

015

.7012

.902.8

016

.2013

.302.9

0

Thail

and

3.61

1.99

1.62

3.50

1.90

1.60

3.40

1.80

1.50

3.30

1.80

1.50

Wor

ld7.5

24.3

43.1

87.5

04.5

03.0

07.5

04.4

03.1

07.1

04.1

02.9

0

* Ins

uran

ce pe

netra

tion i

s mea

sure

d as r

atio o

f pre

mium

(in U

S Do

llars)

to G

DP (in

US

Dolla

rs)# d

ata re

lates

to fi n

ancia

l yea

r.So

urce

: Swi

ss R

e, Si

gma v

ariou

s volu

mes.


: IN

TER

NAT

ION

AL

CO

MPA

RIS

ON

OF

INSU

RA

NC

E PE

NET

RAT

ION

* (Con

cld.)

(In P

er ce

nt)

Coun

tries

2009

2010

2011

2012

2013

Tota

lLi

feNo

n-Li

feTo

tal

Life

Non-

Life

Tota

lLi

feNo

n-Li

feTo

tal

Life

Non-

Life

Tota

lLi

feNo

n-Li

fe

Austr

alia

6.40

3.40

3.00

5.90

3.10

2.80

6.00

3.00

3.00

5.60

2.84

2.76

5.20

3.00

2.10

Braz

il3.1

01.6

01.5

03.1

01.6

01.5

03.2

01.7

01.5

03.6

51.9

91.6

64.0

02.2

01.8

0

Fran

ce10

.307.2

03.1

010

.507.4

03.1

09.5

06.2

03.3

08.9

25.6

43.2

89.0

05.7

03.2

0

Germ

any

7.00

3.30

3.70

7.20

3.50

3.70

6.80

3.20

3.60

6.74

3.12

3.62

6.70

3.10

3.60

Russ

ia2.5

0

2.50

2.30

2.3

02.4

00.1

02.3

01.3

30.0

91.2

41.3

00.1

01.2

0

South

Afric

a12

.9010

.002.9

014

.8012

.002.8

012

.9010

.202.7

014

.1611

.562.6

015

.4012

.702.7

0

Switz

erlan

d9.8

05.4

04.5

09.9

05.5

04.4

010

.005.5

04.5

09.5

75.2

54.3

39.6

05.3

04.4

0

Unite

d King

dom

12.90

10.00

3.00

12.40

9.50

2.90

11.80

8.70

3.10

11.27

8.44

2.84

11.50

8.80

2.80

Unite

d Stat

es8.0

03.5

04.5

08.0

03.5

04.5

08.1

03.6

04.5

08.1

83.6

54.5

27.5

03.2

04.3

0

Asian

Cou

ntrie

s

Hong

Kon

g11

.009.6

01.4

011

.4010

.101.4

011

.4010

.101.4

012

.4411

.021.4

213

.2011

.701.5

0

Indi

a#5.2

04.6

00.6

05.1

04.4

00.7

04.1

03.4

00.7

03.9

63.1

70.7

83.9

03.1

00.8

0

Japa

n9.9

07.8

02.1

010

.108.0

02.1

011

.008.8

02.2

011

.449.1

72.2

711

.108.8

02.3

0

Malay

sia4.4

02.9

01.6

04.8

03.2

01.6

05.1

03.3

01.8

04.8

03.0

81.7

24.8

03.2

01.7

0

Pakis

tan0.7

00.3

00.4

00.7

00.3

00.3

00.7

00.4

00.3

00.7

10.4

30.2

80.7

00.5

00.3

0

PR C

hina

3.40

2.30

1.10

3.80

2.50

1.30

3.00

1.80

1.20

2.96

1.70

1.26

3.00

1.60

1.40

Sing

apor

e6.8

05.1

01.7

06.1

04.6

01.6

05.9

04.3

01.5

06.0

34.4

31.6

05.9

04.4

01.6

0

South

Kor

ea10

.406.5

03.9

011

.207.0

04.2

011

.607.0

04.6

012

.126.8

75.2

511

.907.5

04.4

0

Sri L

anka

1.40

0.60

0.90

1.40

0.60

0.90

1.20

0.60

0.60

1.20

0.54

0.66

1.10

0.50

0.70

Taiw

an16

.8013

.803.0

018

.4015

.403.0

017

.0013

.903.1

018

.1915

.033.1

617

.6014

.503.1

0

Thail

and

4.00

2.40

1.60

4.30

2.60

1.70

4.40

2.70

1.70

5.02

2.95

2.07

5.50

3.80

1.70

Wor

ld7.0

04.0

03.0

06.9

04.0

02.9

06.6

03.8

02.8

06.5

03.6

92.8

16.3

03.5

02.8

0

* Ins

uran

ce pe

netra

tion i

s mea

sure

d as r

atio o

f pre

mium

(in U

S Do

llars)

to G

DP (in

US

Dolla

rs)# d

ata re

lates

to fi n

ancia

l yea

r.So

urce

: Swi

ss R

e, Si

gma v

ariou

s volu

mes.

9HANDBOOK ON INDIAN INSURANCE STATISTICS 2013-14D

: IN

TER

NAT

ION

AL

CO

MPA

RIS

ON

OF

INSU

RA

NC

E D

ENSI

TY* (

Con

td.)

(In U

S Do

llars)

Coun

tries

2001

2002

2003

2004

Tota

lLi

feNo

n-Li

feTo

tal

Life

Non-

Life

Tota

lLi

feNo

n-Li

feTo

tal

Life

Non-

Life

Austr

alia

1668

.310

40.3

628.0

1705

.910

10.4

695.5

2041

.411

29.3

912.1

2471

.412

85.1

1186

.3

Braz

il64

.010

.853

.272

.227

.245

.082

.635

.846

.810

1.145

.955

.2

Fran

ce18

98.8

1268

.263

0.620

64.2

1349

.571

4.726

98.3

1767

.993

0.432

07.9

2150

.210

57.7

Germ

any

1484

.267

4.380

9.916

27.7

736.7

891.0

2051

.293

0.411

20.8

2286

.610

21.3

1265

.3

Russ

ia65

.833

.232

.666

.623

.143

.598

.233

.964

.311

4.424

.889

.6

South

Afric

a44

6.337

7.269

.142

5.336

0.564

.858

3.947

6.510

7.468

6.554

5.514

1.0

Switz

erlan

d43

42.8

2715

.716

27.1

4922

.430

99.7

1822

.756

60.3

3431

.822

28.5

5716

.432

75.1

2441

.3

Unite

d King

dom

3393

.825

67.9

825.9

3879

.126

79.4

1199

.740

58.5

2617

.114

41.4

4508

.431

90.4

1318

.0

Unite

d Stat

es32

66.0

1602

.016

64.0

3461

.616

62.6

1799

.036

37.7

1657

.519

80.2

3755

.116

92.5

2062

.6

Asian

Cou

ntrie

s

Hong

Kon

g15

45.2

1249

.729

5.515

83.0

1237

.934

5.118

32.6

1483

.934

8.722

17.2

1884

.333

2.9

Indi

a#11

.59.1

2.414

.711

.73.0

16.4

12.9

3.519

.715

.74.0

Japa

n35

07.5

2806

.470

1.134

98.6

2783

.971

4.737

70.9

3002

.976

8.038

74.8

3044

.083

0.8

Malay

sia19

8.312

9.568

.819

8.011

8.779

.322

7.013

9.887

.225

6.516

7.389

.2

Pakis

tan2.7

1.21.5

2.71.0

1.72.9

1.11.8

3.71.5

2.2

PR C

hina

20.0

12.2

7.828

.719

.29.5

36.3

25.1

11.2

40.2

27.3

12.9

Sing

apor

e95

9.071

3.224

5.810

30.7

730.1

300.6

1620

.513

00.2

320.3

1849

.314

83.9

365.4

South

Kor

ea10

60.1

763.4

296.7

1159

.882

1.933

7.912

43.0

873.6

369.4

1419

.310

06.8

412.5

Sri L

anka

9.74.3

5.410

.64.5

6.112

.55.3

7.214

.16.2

7.9

Taiw

an10

88.5

760.9

327.6

1279

.292

5.135

4.114

33.3

1050

.138

3.219

09.0

1494

.641

4.4

Thail

and

53.9

34.1

19.8

65.2

42.1

23.1

79.6

52.0

27.6

92.1

50.8

41.3

Wor

ld39

3.323

5.015

8.342

2.924

7.317

5.646

9.626

7.120

2.551

1.529

1.522

0.0

* Ins

uran

ce de

nsity

is m

easu

red a

s rati

o of p

remi

um (in

US

Dolla

r) to

total

popu

lation

.# d

ata re

lates

to fi n

ancia

l yea

r.So

urce

: Swi

ss R

e, Si

gma v

ariou

s volu

mes.

10

HANDBOOK ON INDIAN INSURANCE STATISTICS 2013-14D

: IN

TER

NAT

ION

AL

CO

MPA

RIS

ON

OF

INSU

RA

NC

E D

ENSI

TY* (

Con

td.)

(In U

S Do

llars)

Coun

tries

2005

2006

2007

2008

Tota

lLi

feNo

n-Li

feTo

tal

Life

Non-

Life

Tota

lLi

feNo

n-Li

feTo

tal

Life

Non-

Life

Austr

alia

2569

.913

66.7

1203

.225

80.8

1389

.011

91.9

3000

.216

74.1

1326

.133

86.5

2038

.013

48.6

Braz

il12

8.956

.872

.116

0.972

.588

.420

2.295

.310

6.924

4.511

5.412

9.1

Fran

ce35

68.5

2474

.610

93.9

4075

.429

22.5

1152

.941

47.6

2928

.312

19.3

4131

.027

91.9

1339

.2

Germ

any

2310

.510

42.1

1268

.424

36.8

1136

.113

00.7

2662

.112

34.1

1427

.929

19.2

1346

.515

72.7

Russ

ia12

2.86.3

116.5

150.9

4.014

6.920

9.46.1

203.3

273.5

5.426

8.1

South

Afric

a71

4.655

8.315

6.285

5.869

5.616

0.287

8.571

9.015

9.587

0.670

7.016

3.6

Switz

erlan

d55

58.4

3078

.124

80.3

5561

.931

11.8

2450

.157

40.7

3159

.125

81.7

6379

.435

51.5

2827

.9

Unite

d King

dom

4599

.032

87.1

1311

.964

66.7

5139

.613

27.1

7113

.757

30.5

1383

.268

57.8

5582

.112

75.7

Unite

d Stat

es38

75.2

1753

.221

22.0

3923

.717

89.5

2134

.240

86.5

1922

.021

64.4

4078

.019

00.6

2177

.4

Asian

Cou

ntrie

s

Hong

Kon

g25

44.9

2213

.233

1.727

87.6

2456

.033

1.633

73.2

3031

.934

1.333

10.3

2929

.638

0.8

Indi

a#22

.718

.34.4

38.4

33.2

5.246

.640

.46.2

47.4

41.2

6.2

Japa

n37

46.7

2956

.379

0.435

89.6

2829

.376

0.433

19.9

2583

.973

6.036

98.6

2869

.582

9.2

Malay

sia28

3.318

8.095

.329

2.218

9.210

3.033

2.122

1.511

0.634

5.422

5.911

9.5

Pakis

tan4.6

1.92.8

5.92.3

3.66.5

2.63.9

6.82.8

4.0

PR C

hina

46.3

30.5

15.8

53.5

34.1

19.4

69.9

44.2

25.5

105.4

71.7

33.7

Sing

apor

e19

83.4

1591

.439

2.019

57.7

1616

.534

1.227

76.0

2244

.753

1.231

79.0

2549

.063

0.0

South

Kor

ea17

06.1

1210

.649

5.520

71.3

1480

.059

1.223

84.0

1656

.672

7.319

68.7

1347

.762

1.0

Sri L

anka

16.3

6.99.4

21.3

8.512

.824

.910

.214

.732

.112

.819

.3

Taiw

an21

45.5

1699

.144

6.422

50.2

1800

.045

0.326

28.0

2165

.746

2.327

87.6

2281

.149

9.6

Thail

and

99.0

54.6

44.4

110.1

60.0

50.0

129.7

70.8

58.9

142.1

77.2

64.9

Wor

ld51

8.529

9.521

9.055

4.833

0.622

4.260

7.735

8.124

9.663

3.936

9.726

4.2

* Ins

uran

ce de

nsity

is m

easu

red a

s rati

o of p

remi

um (in

US

Dolla

r) to

total

popu

lation

.# d

ata re

lates

to fi n

ancia

l yea

r.So

urce

: Swi

ss R

e, Si

gma v

ariou

s volu

mes.

11

HANDBOOK ON INDIAN INSURANCE STATISTICS 2013-14D

: IN

TER

NAT

ION

AL

CO

MPA

RIS

ON

OF

INSU

RA

NC

E D

ENSI

TY* (

Con

cld.)

(In U

S Do

llars)

Coun

tries

2009

2010

2011

2012

2013

Tota

lLi

feNo

n-Li

feTo

tal

Life

Non-

Life

Tota

lLi

feNo

n-Li

feTo

tal

Life

Non-

Life

Tota

lLi

feNo

n-Li

fe

Austr

alia

2832

.715

24.8

1307

.933

69.2

1766

.316

03.0

4094

.020

77.0

2017

.039

22.3

1987

.719

34.7

3528

.020

56.0

1472

.0

Braz

il25

1.712

7.912

3.832

7.616

9.915

7.739

8.020

8.018

9.041

4.222

5.518

8.744

3.024

6.019

7.0

Fran

ce42

69.2

2979

.812

89.4

4186

.629

37.6

1249

.040

41.0

2638

.014

03.0

3543

.522

39.2

1304

.337

36.0

2391

.013

45.0

Germ

any

2878

.413

56.7

1518

.729

03.8

1402

.215

01.6

2967

.013

89.0

1578

.028

04.6

1299

.315

05.3

2977

.013

92.0

1585

.0

Russ

ia28

0.94.5

276.4

296.8

6.429

0.430

3.08.0

295.0

182.4

12.1

170.3

199.0

19.0

180.0

South

Afric

a73

8.157

4.216

3.910

54.7

854.6

200.1

1037

.082

3.021

5.010

80.9

882.3

198.6

1025

.084

4.018

1.0

Switz

erlan

d62

57.7

3405

.628

52.1

6633

.736

66.8

2966

.980

12.0

4421

.035

91.0

7522

.141

21.1

3401

.177

01.0

4211

.034

90.0

Unite

d King

dom

4578

.835

27.6

1051

.244

96.6

3436

.310

60.2

4535

.033

47.0

1188

.043

50.2

3255

.810

94.4

4561

.034

74.0

1087

.0

Unite

d Stat

es37

10.0

1602

.621

07.3

3758

.916

31.8

2127

.238

46.0

1716

.021

30.0

4047

.318

08.1

2239

.239

79.0

1684

.022

96.0

Asian

Cou

ntrie

s

Hong

Kon

g33

04.0

2886

.641

7.536

35.5

3197

.343

8.239

04.0

3442

.046

2.045

43.9

4024

.751

9.250

02.0

4445

.055

7.0

Indi

a#54

.347

.76.7

64.4

55.7

8.759

.049

.010

.053

.242

.710

.552

.041

.011

.0

Japa

n39

79.0

3138

.784

0.443

90.2

3472

.891

7.451

69.0

4138

.010

31.0

5167

.541

42.5

1024

.942

07.0

3346

.086

1.0

Malay

sia32

1.820

6.911

5.042

1.128

2.813

8.350

2.032

8.017

5.051

4.232

9.918

4.351

8.034

1.017

6.0

Pakis

tan6.6

3.03.6

6.13.2

2.98.0

4.04.0

8.75.3

3.49.0

6.03.0

PR C

hina

121.2

81.1

40.0

158.4

105.5

52.9

163.0

99.0

64.0

178.9

102.9

76.0

201.0

110.0

91.0

Sing

apor

e25

57.6

1912

.064

5.628

23.4

2101

.472

2.131

06.0

2296

.081

0.033

62.0

2471

.889

0.232

51.0

2388

.086

3.0

South

Kor

ea18

90.3

1180

.670

9.723

39.4

1454

.388

5.126

61.0

1615

.010

45.0

2785

.415

78.1

1207

.328

95.0

1816

.010

79.0

Sri L

anka

29.5

11.8

17.7

34.2

13.7

20.6

33.0

15.0

18.0

32.9

14.8

18.2

36.0

16.0

21.0

Taiw

an27

52.1

2257

.349

4.832

96.2

2756

.853

9.333

71.0

2757

.061

4.037

59.6

3107

.165

2.538

86.0

3204

.068

2.0

Thail

and

154.4

91.7

62.7

199.4

121.9

77.5

222.0

134.0

88.0

266.2

156.5

109.7

310.0

214.0

96.0

Wor

ld59

5.134

1.225

3.962

7.336

4.326

3.066

1.037

8.028

3.065

5.737

2.628

3.165

2.036

6.028

5.0

* Ins

uran

ce de

nsity

is m

easu

red a

s rati

o of p

remi

um (in

US

Dolla

r) to

total

popu

lation

.# d

ata re

lates

to fi n

ancia

l yea

r.So

urce

: Swi

ss R

e, Si

gma v

ariou

s volu

mes.

CHARTS


15


LIFE INSURANCE

16


17


18


19


NON-LIFE INSURANCE

20


21


22


PART ILIFE INSURANCE


25

HANDBOOK ON INDIAN INSURANCE STATISTICS 2013-14TA

BLE

1 :

DET

AIL

S O

F LI

FE IN

SUR

AN

CE

CO

MPA

NIE

S O

PER

ATIN

G IN

IND

IA*

Insu

rers

Fore

ign

Partn

ers

Regn

. No.

Date

of

Regi

stra

tion

Year

of

Oper

atio

n

PRIV

ATE

SECT

OR

Aego

n Reli

gare

Life

Insur

ance

Com

pany

Ltd.

Aego

n Ind

ia Ho

lding

s BV,

Neth

erlan

ds13

827

.06.20

0820

08-0

9

Aviva

Life

Insur

ance

Com

pany

Ltd.

Aviva

Inter

natio

nal H

olding

s Ltd.

UK

122

14.05

.2002

2002

-03

Bajaj

Allia

nz Li

fe Ins

uran

ce C

ompa

ny Lt

d.Al

lianz

, SE

Germ

any

116

03.08

.2001

2001

-02

Bhar

ti AXA

Life

Insur

ance

Com

pany

Ltd.

AXA

India

Holdi

ngs,

Fran

ce13

014

.07.20

0620

06-0

7

Birla

Sun

life In

sura

nce C

ompa

ny Lt

d.Su

n Life

Fina

ncial

(India

) Insu

rance

Inve

stmen

t Inc,

Cana

da10

931

.01.20

0120

00-0

1

Cana

ra H

SBC

OBC

Life I

nsur

ance

Com

pany

Ltd.

HSBC

Insu

ranc

e (As

ia Pa

cifi c)

Hold

ings L

td. U

K13

608

.05.20

0820

08-0

9

DHFL

Pra

meric

a Life

Insu

ranc

e Com

pany

Ltd.

Prud

entia

l Inter

natio

nal In

sura

nce H

olding

s Ltd.

USA

140

27.06

.2008

2008

-09

Edelw

eiss T

okio

Life I

nsur

ance

Com

pany

Ltd.

Tokio

Mari

ne &

Nich

ido Fi

re Ins

uranc

e Com

pany

Ltd.

Japa

n 14

710

.05.20

1120

11-1

2

Exide

Life

Insur

ance

Com

pany

Ltd.

11

402

.08.20

0120

01-0

2

Futur

e Gen

erali

Life

Insur

ance

Com

pany

Ltd.

Partic

ipatie

Maa

tscha

pij G

raafs

scha

p Holl

and N

V, N

ether

lands

133

04.09

.2007

2007

-08

HDFC

Stan

dard

Life

Insur

ance

Com

pany

Ltd.

Stan

dard

Life

(Mau

ritius

Hold

ings)

2006

, Ltd.

UK

101

23.10

.2000

2000

-01

ICIC

I Pru

denti

al Lif

e Ins

uran

ce C

ompa

ny Lt

d.Pr

uden

tial C

orpo

ratio

n Hold

ings L

td. U

K10

524

.11.20

0020

00-0

1

IDBI

Fed

eral

Life I

nsur

ance

Com

pany

Ltd.

Aegis

Insu

ranc

e Inte

rnati

onal

NV N

ether

lands

135

19.12

.2007

2007

-08

IndiaF

irst L

ife In

sura

nce C

ompa

ny Lt

d.Le

gal &

Gen

eral

Midd

le Ea

st Ltd

.14

305

.11.20

0920

09-1

0

Kotak

Mah

indra

OM

Life I

nsur

ance

Com

pany

Ltd.

Old M

utual

Plc,

UK10

710

.01.20

0120

01-0

2

MaxL

ife In

sura

nce C

ompa

ny Lt

d.Mi

tsui S

umito

mo In

sura

nce C

ompa

ny Lt

d. Ja

pan

104

15.11

.2000

2000

-01

PNB

Metlif

e Ind

ia Ins

uran

ce C

ompa

ny Lt

d.Me

tlife I

ntern

ation

al Ho

lding

s Inc

, USA

117

06.08

.2001

2001

-02

Relia

nce L

ife In

sura

nce C

ompa

ny Lt

d.Ni

ppon

Life

Insur

ance

Com

pany

Ltd.

Japa

n12

103

.01.20

0220

01-0

2

Saha

ra In

dia Li

fe Ins

uran

ce C

ompa

ny Lt

d.

127

06.02

.2004

2004

-05

SBI L

ife In

sura

nce C

ompa

ny Lt

d.BN

P Pa

ribas

Car

dif, F

ranc

e11

129

.03.20

0120

01-0

2

Shrir

am Li

fe Ins

uran

ce C

ompa

ny Lt

d.

128

17.11

.2005

2005

-06

Star

Unio

n Dai-

ichi L

ife In

sura

nce C

ompa

ny Lt

d.Da

i-ichi

Life I

nsur

ance

Com

pany

Ltd.

Japa

n14

226

.12.20

0820

08-0

9

TATA

AIA

Life

Insur

ance

Com

pany

Ltd.

Ameri

can I

nterna

tiona

l Ass

uranc

e Com

pany

(Berm

uda L

td.)

110

12.02

.2001

2001

-02

PUBL

IC S

ECTO

R

Life I

nsur

ance

Cor

pora

tion o

f India

51

201

.09.19

5619

56-5

7

* as o

n 31st

Mar

ch, 2

014.

26


BLE

2: F

IRST

YEA

R L

IFE

INSU

RA

NC

E PR

EMIU

M (I

NC

LUD

ING

SIN

GLE

PR

EMIU

M)

(` C

rore

)

INSU

RER

2000

-01

2001

-02

2002

-03

2003

-04

2004

-05

2005

-06

2006

-07

2007

-08

2008

-09

2009

-10

2010

-11

2011

-12

2012

-13

2013

-14

Aego

n Reli

gare

31.21

150.3

727

4.87

207.6

513

5.90

147.0

4Av

iva

13.47

76.96

192.2

940

7.12

721.3

510

53.98

724.5

679

8.37

745.3

980

1.86

687.4

059

3.76

Bajaj

Allia

nz

7.14

63.39

179.5

585

7.45

2716

.7743

02.74

6674

.4844

91.43

4451

.1034

65.82

2717

.3129

87.90

2592

.03Bh

arti A

XA

7.7

811

3.24

292.9

343

7.43

347.7

822

4.59

248.9

237

5.61

Birla

Sun

life0.3

228

.1112

9.57

449.8

662

1.31

678.1

288

2.72

1965

.0128

20.85

2960

.0120

80.30

1926

.1718

36.51

1697

.49Ca

nara

HSB

C

29

6.41

622.6

281

7.29

687.1

060

6.72

602.6

9DH

FL P

rame

rica

3.37

37.38

74.15

103.1

614

0.01

172.9

5Ed

elweis

s Tok

io

10.88

47.33

80.72

Exide

Life

4.1

917

.6672

.1028

2.42

283.9

846

7.66

704.4

468

8.95

642.4

366

0.49

638.1

463

8.20

567.8

1Fu

ture G

ener

ali

2.49

149.9

748

6.08

448.6

134

5.03

240.4

322

4.90

HDFC

Stan

dard

0.002

32.78

129.3

120

9.33

486.1

510

42.65

1648

.8526

85.37

2651

.1132

57.51

4059

.3338

57.47

4436

.0740

38.93

ICIC

I Pru

denti

al5.9

711

3.33

364.1

175

0.84

1584

.3426

02.50

5162

.1380

34.75

6811

.8363

33.92

7862

.1444

41.09

4808

.6237

59.59

IDBI

Fed

eral

11

.9031

6.78

400.5

644

4.95

311.0

134

5.14

315.6

9Ind

iaFirs

t

201.5

970

4.77

982.3

113

16.42

1681

.36Ko

tak M

ahind

ra

7.58

35.21

125.5

137

3.99

396.0

661

4.94

1106

.6213

43.03

1333

.9812

53.14

1164

.2711

88.10

1271

.81Ma

x Life

0.16

38.80

67.31

137.2

823

3.63

471.3

691

2.11

1597

.8318

42.91

1849

.0820

61.39

1901

.7218

99.34

2261

.60PN

B Me

tlife

0.4

87.7

023

.4157

.5214

8.53

340.4

482

5.35

1144

.7010

61.85

706.2

210

76.97

840.0

867

5.89

Relia

nce

0.2

86.3

227

.2191

.3319

3.56

932.1

127

51.05

3513

.9839

20.78

3034

.9418

09.29

1376

.5719

33.99

Saha

ra

1.7

426

.3443

.0012

2.12

134.0

112

4.83

91.83

71.14

61.43

65.09

SBI L

ife

14.69

71.88

207.0

548

4.85

827.8

225

63.84

4792

.8253

86.64

7040

.7475

89.58

6531

.3251

82.88

5065

.48Sh

riram

Life

10

.3318

1.17

309.9

931

4.47

419.5

057

1.99

390.9

942

0.65

389.8

3St

ar U

nion D

ai-ich

i

50

.1951

9.87

758.6

996

4.77

744.8

056

2.85

Tata

AIA

21

.1459

.7718

1.59

297.5

546

4.53

644.8

296

4.51

1142

.6713

22.01

1332

.2193

9.55

560.1

643

3.76

Priva

te T

otal

6.45

268.5

196

5.69

2440

.7155

64.57

1026

9.67

1942

5.65

3371

5.95

3415

2.00

3837

2.01

3938

5.84

3210

3.78

3074

9.58

2951

0.87

(406

1.70)

(259

.65)

(152

.74)

(127

.99)

(84.5

5)(8

9.16)

(73.5

6)(1

.29)

(12.3

6)(2

.64)

(-18.4

9)(-4

.22)

(-4.03

)LIC

9700

.9819

588.7

715

976.7

617

347.6

220

653.0

628

515.8

756

223.5

659

996.5

753

179.0

871

521.9

087

012.3

581

862.2

576

611.5

090

808.7

9(1

01.93

)(-1

8.44)

(8.58

)(1

9.05)

(38.0

7)(9

7.17)

(6.71

)(-1

1.36)

(34.4

9)(2

1.66)

(-5.92

)(-6

.41)

(18.5

3)

Indu

stry

Tot

al97

07.43

1985

7.28

1694

2.45

1978

8.32

2621

7.64

3878

5.54

7564

9.21

9371

2.52

8733

1.08

1098

93.91

1263

98.18

1139

66.03

1073

61.08

1203

19.66

(104

.56)

(-14.6

8)(1

6.80)

(32.4

9)(4

7.94)

(95.0

4)(2

3.88)

(-6.81

)(2

5.84)

(15.0

2)(-9

.84)

(-5.80

)(1

2.07)

Note

: 1)

Figu

res i

n the

brac

kets

repr

esen

t the g

rowt

h ove

r the

prev

ious y

ear in

per c

ent.

2)

re

pres

ents

busin

ess n

ot sta

rted.

27


BLE

3: T

OTA

L LI

FE IN

SUR

AN

CE

PREM

IUM

(` C

rore

)

INSU

RER

2000

-01

2001

-02

2002

-03

2003

-04

2004

-05

2005

-06

2006

-07

2007

-08

2008

-09

2009

-10

2010

-11

2011

-12

2012

-13

2013

-14

Aego

n Reli

gare

31.21

165.6

538

8.61

457.3

243

0.50

452.0

7Av

iva

13.47

81.50

253.4

260

0.27

1147

.2318

91.88

1992

.8723

78.01

2345

.1724

15.87

2140

.6718

78.10

Bajaj

Allia

nz

7.14

69.17

220.8

010

01.68

3133

.5853

45.24

9725

.3110

624.5

211

419.7

196

09.95

7483

.8068

92.70

5843

.14Bh

arti A

XA

7.7

811

8.41

360.4

166

9.73

792.0

277

4.16

744.5

287

2.65

Birla

Sun

life0.3

228

.2614

3.92

537.5

491

5.47

1259

.6817

76.71

3272

.1945

71.80

5505

.6656

77.07

5885

.3652

16.30

4833

.05Ca

nara

HSB

C

29

6.41

842.4

515

31.86

1861

.0819

12.15

1805

.88DH

FL P

rame

rica

3.37

38.44

95.04

167.0

123

6.79

305.8

6Ed

elweis

s Tok

io

10.88

54.83

110.9

0Ex

ide Li

fe

4.19

21.16

88.51

338.8

642

5.38

707.2

011

58.87

1442

.2816

42.65

1708

.9516

79.98

1742

.3618

30.67

Futur

e Gen

erali

2.4

915

2.60

541.5

172

6.16

779.5

867

8.29

634.1

6HD

FC S

tanda

rd0.0

0233

.4614

8.83

297.7

668

6.63

1569

.9128

55.87

4858

.5655

64.69

7005

.1090

04.17

1020

2.40

1132

2.68

1206

2.90

ICIC

I Pru

denti

al5.9

711

6.38

417.6

298

9.28

2363

.8242

61.05

7912

.9913

561.0

615

356.2

216

528.7

517

880.6

314

021.5

813

538.2

412

428.6

5ID

BI F

eder

al

11.90

318.9

757

1.12

811.0

073

6.70

804.6

882

6.25

IndiaF

irst

20

1.60

798.4

312

97.93

1690

.0821

43.36

Kotak

Mah

indra

7.5

840

.3215

0.72

466.1

662

1.85

971.5

116

91.14

2343

.1928

68.05

2975

.5129

37.43

2777

.7827

00.79

Max L

ife0.1

638

.9596

.5921

5.25

413.4

378

8.13

1500

.2827

14.60

3857

.2648

60.54

5812

.6363

90.53

6638

.7072

78.54

PNB

Metlif

e

0.48

7.91

28.73

81.53

205.9

949

2.71

1159

.5419

96.64

2536

.0125

08.17

2677

.5024

29.52

2240

.59Re

lianc

e

0.28

6.47

31.06

106.5

522

4.21

1004

.6632

25.44

4932

.5466

04.90

6571

.1554

97.62

4045

.3942

83.40

Saha

ra

1.7

427

.6651

.0014

3.49

206.4

725

0.59

243.4

122

5.95

205.3

820

4.63

SBI L

ife

14.69

72.39

225.6

760

1.18

1075

.3229

28.49

5622

.1472

12.10

1010

4.03

1294

5.29

1313

3.74

1045

0.03

1073

8.60

Shrir

am Li

fe

10.33

184.1

635

8.05

436.1

761

1.27

821.5

264

4.16

618.0

759

4.24

Star

Unio

n Dai-

ichi

50.19

530.3

793

3.31

1271

.9510

68.80

948.7

5Ta

ta AI

A

21.14

81.21

253.5

349

7.04

880.1

913

67.18

2046

.3527

47.50

3493

.7839

85.22

3630

.3027

60.43

2323

.70

Priva

te T

otal

6.45

272.5

511

19.06

3120

.3377

27.51

1508

3.54

2825

3.00

5156

1.42

6449

7.43

7936

9.94

8816

5.24

8418

2.83

7839

8.91

7734

0.90

(412

4.31)

(310

.59)

(178

.83)

(147

.65)

(95.1

9)(8

7.31)

(82.5

0)(2

5.09)

(23.0

6)(1

1.08)

(-4.52

)(-6

.87)

(-1.35

)LIC

3489

2.02

4982

1.91

5462

8.49

6353

3.43

7512

7.29

9079

2.22

1278

22.84

1497

89.99

1572

88.04

1860

77.31

2034

73.40

2028

89.28

2088

03.58

2369

42.30

(42.7

9)(9

.65)

(16.3

0)(1

8.25)

(20.8

5)(4

0.79)

(17.1

9)(5

.01)

(18.3

0)(9

.35)

(-0.29

)(2

.92)

(13.4

8)

Indu

stry

Tot

al34

898.4

750

094.4

655

747.5

566

653.7

582

854.8

010

5875

.7615

6075

.8420

1351

.4122

1785

.4726

5447

.2529

1638

.6428

7072

.1128

7202

.4931

4283

.20(4

3.54)

(11.2

8)(1

9.56)

(24.3

1)(2

7.78)

(47.4

1)(2

9.01)

(10.1

5)(1

9.69)

(9.87

)(-1

.57)

(0.05

)(9

.43)

Note

: 1)

Figu

res i

n the

brac

kets

repr

esen

t the g

rowt

h ove

r the

prev

ious y

ear in

per c

ent.

2)

re

pres

ents

busin

ess n

ot sta

rted.

28


BLE

4: I

ND

IVID

UA

L N

EW B

USI

NES

S PE

RFO

RM

AN

CE

OF

LIFE

INSU

RER

S

CH

AN

NEL

WIS

E (P

remi

um in

` C

rore

)

Parti

cular

sNU

MBER

OF P

OLIC

IES IS

SUED

AMOU

NT O

F PRE

MIUM

2006

-0720

07-08

2008

-0920

09-10

2010

-1120

11-12

2012

-1320

13-14

2006

-0720

07-08

2008

-0920

09-10

2010

-1120

11-12

2012

-1320

13-14

Indi

vidua

l Ag

ents

4230

1907

4475

2611

4346

0589

4503

6904

4158

1811

3910

3141

3937

0820

3679

2083

5460

566

515

5532

7.54

6528

9.25

6566

5.52

5097

2.32

4825

7.36

4778

9.83

(93.15

)(88

.01)

(85.38

)(86

.44)

(86.44

)(88

.55)

(89.17

)(90

.10)

(90.46

)(83

.75)

(79.57

)(79

.61)

(78.95

)(78

.69)

(77.53

)(78

.40)

Corp

orat

e Ag

ents

-Ban

ks14

2691

916

9361

018

9645

720

8454

319

3656

221

8001

824

5276

723

2783

633

6363

2967

37.38

8688

.6811

062.6

396

92.90

1007

2.96

9523

.00(3.

14)

(3.33

)(3.

73)

(3.92

)(4.

03)

(4.94

)(5.

55)

(5.70

)(5.

57)

(7.97

)(9.

69)

(10.60

)(13

.30)

(14.96

)(16

.18)

(15.62

)

Corp

orat

e Ag

ents

- Oth

ers*

1284

785

2599

723

2798

776

3819

790

2988

481

1588

650

1093

960

7012

7618

2634

6233

80.54

3510

.7629

57.75

1749

.7812

88.68

811.9

3(2.

83)

(5.11

)(5.

50)

(7.18

)(6.

21)

(3.60

)(2.

48)

(1.71

)(3.

02)

(4.36

)(4.

86)

(4.28

)(3.

56)

(2.7)

(2.07

)(1.

33)

Brok

ers

2591

7722

7403

3062

7743

9396

5113

8847

6054

4271

5131

5769

332

474

773.6

211

28.50

1471

.8011

34.64

1033

.1594

8.53

(0.57

)(0.

45)

(0.60

)(0.

83)

(1.06

)(1.

08)

(0.97

)(0.

77)

(0.55

)(0.

60)

(1.11

)(1.

38)

(1.77

)(1.

75)

(1.66

)(1.

55)

Dire

ct S

ellin

g13

9077

1573

849

2442

772

1814

558

1088

426

8124

7880

9926

6981

0023

526

4333

10.33

3389

.8520

16.32

1222

.6115

88.71

1883

.57(0.

31)

(3.10

)(4.

80)

(3.41

)(2.

26)

(1.84

)(1.

83)

(1.71

)(0.

39)

(3.33

)(4.

76)

(4.13

)(2.

42)

(1.89

)(2.

55)

(3.09

TOTA

L45

4118

6550

8471

9650

9048

7153

1951

9148

1066

6844

1603

4144

1546

2440

8350

6460

361

7942

369

529.4

182

007.0

583

174.0

364

772.2

462

240.8

860

956.8

6(10

0.00)

(100.0

0)(10

0.00)

(100.0

0)(10

0.00)

(100.0

0)(10

0.00)

(100.0

0)(10

0.00)

(100.0

0)(10

0.00)

(100.0

0)(10

0.00)

(100.0

0)(10

0.00)

(100.0

0)

Refe

rrals

7159

3313

4939

819

5210

212

3207

954

8772

1227

412

168

1272

512

5723

4627

14.81

2567

.6183

5.91

34.90

20.87

19.64

(1.55

)(2.

65)

(3.83

)(2.

32)

(1.14

)(0.

03)

(0.03

)(0.

03)

(2.04

)(2.

95)

(3.90

)(3.

13)

(1.01

)(0.

05)

(0.03

)(0.

03)

*Any

entity

othe

r tha

n ban

ks bu

t lice

nsed

as a

corp

orate

agen

t.No

te: 1

) Th

e lea

ds ob

taine

d thr

ough

refer

ral a

rrang

emen

ts ha

ve be

en in

clude

d in t

he re

spec

tive c

hann

els.

2)

New

busin

ess p

remi

um in

clude

s fi rs

t yea

r pre

mium

and s

ingle

prem

ium.

3)

Figu

res i

n bra

cket

show

perce

ntage

to to

tal in

dividu

al ne

w bu

sines

s pro

cure

d thr

ough

resp

ectiv

e cha

nnels

.

29


BLE

5: G

RO

UP

NEW

BU

SIN

ESS

PER

FOR

MA

NC

E O

F LI

FE IN

SUR

ERS

C

HA

NN

EL W

ISE

(Con

td.)

(Pre

mium

in `

Cro

re)

Parti

cular

sNU

MBER

OF S

CHEM

ESNU

MBER

OF L

IVES C

OVER

ED

2006

-0720

07-08

2008

-0920

09-10

2010

-1120

11-12

2012

-1320

13-14

2006

-0720

07-08

2008

-0920

09-10

2010

-1120

11-12

2012

-1320

13-14

Indi

vidua

l Ag

ents

4940

8238

8236

3651

1271

2274

3465

9027

384

5236

297

2805

100

8996

036

3435

632

8703

095

1162

6637

1164

4649

(0.18

)(16

.42)

(15.68

)(12

.69)

(16.71

)(22

.59)

(23.71

)(17

.80)

(0.13

)(15

.16)

(5.30

)(11

.15)

(4.13

)(13

.05)

(14.88

)(12

.39)

Corp

orat

e Ag

ents

-Ban

ks27

576

513

5844

418

3493

651

548

314

7902

517

6795

322

4643

511

8133

446

5160

026

1861

626

9808

032

8224

6(1.

19)

(3.08

)(5.

48)

(1.55

)(5.

99)

(2.97

)(1.

64)

(1.30

)(7.

40)

(5.12

)(4.

25)

(1.46

)(5.

59)

(3.93

)(3.

45)

(3.49

)

Corp

orat

e Ag

ents

- Oth

ers*

827

813

218

9167

166

632

878

4678

3867

4212

5361

8865

3925

067

3537

411

4354

462

8146

246

2155

4(0.

03)

(1.12

)(0.

53)

(6.60

)(2.

19)

(2.11

)(1.

05)

(2.11

)(2.

34)

(1.95

)(1.

01)

(8.10

)(8.

09)

(1.71

)(8.

04)

(4.92

)

Brok

ers

261

462

541

1072

1266

1

irda handbook 2013-14

Documents