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HANDBOOKON
INDIAN INSURANCE STATISTICS2010-11
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITYINDIA
Head Office Delhi Office3rd 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]
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FOREWORD
Comprehensive, detailed and quality database enables a better understanding of the industry and also provides the basis for formation of policy framework at the macro level. It facilitates in comprehending and understanding various facets of the industry. Envisaging the felt need for such data, the IRDA had taken the initiate of publishing the Handbook on Indian Insurance Statistics 2007-08 in 2009. This has now culminated into an annual publication. The present edition is the fourth in the series, and its scope has been enlarged to include additional industry-wide data. This fourth edition of the Handbook has widened the coverage by incorporating statistics on individual business in force both in terms of number of policies and sum assured, linked and non-linked components of premium and commission, and duration wise settlement of claims. Besides, data on micro insurance portfolio like premium received, claims paid, and duration wise settlement of claims are included in the latest edition of the Handbook. Further, data on health insurance premium and claims paid and performance of Ombudsmen at various centers have also been added in this edition of the Handbook. Overall, a total of 30 new tables have been added to the previous years list of 50 tables making this edition of Handbook an essential kit for the insurance analysts and researchers.
I commend the contribution of Dr. Mamta Suri and her team who have brought out this enlarged edition of Handbook at an appropriate stage of time to cater to the increasing needs of the industry. I trust all stakeholders of the insurance industry will find this Handbook useful. IRDA will continue to strive at improving the coverage and content of the Handbook in its subsequent editions and therefore welcomes feedback and suggestions.
(J. HARI NARAYAN)
Place: HyderabadDate: 30.03.2012
yeercee efJeefveeeceke Deewj efJekeeme HeeefOekejCeINSURANCE REGULATORY AND DEVELOPMENT AUTHORITY
pes. nefj veejeeCeDeOe#eJ. Hari NarayanChairman
Parishram Bhavan, 3rd Floor, Basheer Bagh, Hyderabad - 500 004. INDIAPh.: +91-40-66820957, Fax : 91-40-66823334
E-mail: [email protected] Web.: www.irdaindia.org
Heefjece YeJeve, leermeje leue, yeMeerj yeeie, nwojeyeeo - 500 004. Yeejle : +91-40-66820957, Hewkeme : 91-40-66823334
F&-cesue : [email protected] Jesye: www.irdaindia.org
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HANDBOOK ON INDIAN INSURANCE STATISTICS 2010-11
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CONTENTSSI. No.
Particulars Page No.
SUMMARYA Life Insurance Sector 3-4B Non-Life Insurance Sector 5C International Comparison of Insurance Penetration 6-7D International Comparison of Insurance Density 8-9
CHARTS Life Insurance
1 Number of Insurers 132 Region wise Distribution of Offices 133 Number of New Policies Issued 144 Total Life Insurance Premium 145 Channel wise New Business Premium (Individual + Group) 156 Equity Share Capital 157 Assets Under Management 168 Profitability of Sector 16
Non-Life Insurance9 Number of Insurers 17
10 Number of Policies Issued 1711 Gross Direct Premium 1812 Segment wise Net Premium Income Earned 1813 Equity Share Capital 1914 Share of each fund in Total Assets Under Management 1915 Profitability of Sector 2016 Incurred Claim Ratio 20
TABLESPART-I LIFE INSURANCE
1 Life Insurance Companies Operating in India2 First Year Life Insurance Premium 233 Total Life Insurance Premium 244 Individual New Business Performance of Life Insurers - Channel Wise 255 Group New Business Performance of Life Insurers - Channel Wise 266 State Wise Individual New Business Underwritten 277 Number of New Policies Issued 28
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HANDBOOK ON INDIAN INSURANCE STATISTICS 2010-11
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SI. No.
Particulars Page No.
8 Individual Business (Within India) - Business in Force (Number of Policies) 29-379 Individual Business (Within India) - Business in Force (Sum Assured) 38-50
10 Linked and Non - Linked Premium of Life Insurers 51-5311 Linked and Non - Linked Commission of Life Insurers 5412 Individual Death Claims 5513 Group Death Claims 5614 Duration Wise Settlement of Death Claims - Individual Category 57-6215 Duration Wise Settlement of Death Claims - Group Category 63-6716 Assets Under Management of Life Insurers 6817 Equity Share Capital of Life Insurers 6918 Solvency Ratio of Life Insurers 7019 Life Insurers - Policyholders Account 71-8520 Life Insurers - Shareholders Account 86-9921 Life Insurers - Balance Sheet 100-11122 Life Insurance Corporation of India - Policyholders Account (Non-Participating) 11223 Life Insurance Corporation of India - Shareholders Account (Non-Participating) 11324 Life Insurance Corporation of India - Balance Sheet (Non-Participating) 11425 Individual Business - Details of Forfeiture/Lapsed Policies in Respect of Non-Linked Business 11526 Number of Individual Agents of Life Insurers 11627 Number of Corporate Agents of Life Insurers 11728 State Wise Distribution of Offices of Life Insurers 118-12229 Region Wise Distribution of Offices of Life Insurers 12330 State Wise Distribution of Individual Agents 124-13231 New Business Under Micro Insurance Portfolio 13332 Death Claims Under Micro Insurance Portfolio - Individual Category 134-13533 Death Claims Under Micro Insurance Portfolio - Group Category 136-13734 Duration Wise Settlement of Claims- Micro Insurance - Individual Category 138-13935 Duration Wise Settlement of Claims- Micro Insurance Claims - Group Category 14036 Company Wise Number of Micro-Insurance Agents 14137 Status of Grievances - Life Insurance 14238 Performance of Ombudsmen at different centers - Life Insurance 143
PART-II NON-LIFE INSURANCE
39 Non-Life Insurance Companies Operating in India 14740 Gross Direct Premium of Non-Life Insurance (Within & Outside India) 14841 Segment Wise Gross Direct Premium of Non-Life Insurers (Within India) 149-15342 Segment Wise Net Premium Income in India (Earned) 154-158
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HANDBOOK ON INDIAN INSURANCE STATISTICS 2010-11
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SI. No.
Particulars Page No.
43 Health Insurance: Premium and Number of Persons Covered 15944 Channel Wise Gross Direct Premium of Non Life Insurers 16045 State Wise Gross Direct Premium Income 161-16246 Number of New Policies Issued : Non-Life Insurers 16347 Net Retentions of Non Life Insurers 16448 Incurred Claims Ratio - Public & Private Sector Non-Life Insurers 165-17849 Health Insurance: Details of Claims Paid and Incurred Claims Ratio 17950 Underwriting Experience and Profits of Public Sector Companies 180-18451 Underwriting Experience and Profits of Private Sector Companies 185-19352 Assets Under Management of Non-Life Insurers 19453 Equity Share Capital of Non-Life Insurers 19554 Solvency Ratio of Non-Life Insurers 19655 Public Sector Non-Life Insurers - Policyholders Account 197-21256 Public Sector Non Life Insurers - Shareholders Account 213-21757 Public Sector Non-Life Insurers - Balance Sheet 218-22258 Private Sector Non-Life Insurers - Policyholders Account 223-25259 Private Sector Non-Life Insurers - Shareholders Account 253-26160 Private Sector Non-Life Insurers - Balance ShWWeet 262-27061 Health Insurers - Policyholders Account 27162 Health Insurers - Shareholders Account 27263 Health Insurers - Balance Sheet 27364 Export Credit Guarantee Corporation Ltd. (ECGC) - Policyholders Account 27465 Export Credit Guarantee Corporation Ltd.(ECGC) - Shareholder Account 27566 Export Credit Guarantee Corporation Ltd. (ECGC) Balance Sheet 27667 Agriculture Insurance Company of India Ltd. (AIC) - Policyholders Account 27768 Agriculture Insurance Company of India Ltd. (AIC) - Shareholders Account 27869 Agriculture Insurance Company of India Ltd. (AIC) Balance Sheet 27970 General Insurance Corporation (GIC) - Policyholders Account 28071 General Insurance Corporation (GIC) - Shareholders Account 28172 General Insurance Corporation (GIC) Balance Sheet 28273 State Wise Number of Offices of Non-Life Insurers 283-28474 State Wise Number of Registered Brokers 28575 Third Party Administration Number of Claims Received & Duration Wise Settlement of Claims 286-29076 Status of Grievances - Non-Life Insurers 291-29277 Performance of Ombudsmen at different centers - Non-Life Insurance 293-29478 Performance of Ombudsmen at different centers - Life and Non-Life Insurance Combined 295-296
SUMMARY
HANDBOOK ON INDIAN INSURANCE STATISTICS 2010-11
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HANDBOOK ON INDIAN INSURANCE STATISTICS 2010-11A
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