NEW Final cover for print CC - irdai.gov.in€¦ · 48 Incurred Claims Ratio ... Market share of LIC (based on Total Premium) FY in Percent 99.98 99.46 97.99 95.32 90.67 85.75 81.90

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]

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

..

i

HANDBOOK ON INDIAN INSURANCE STATISTICS 2010-11

.

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

..

ii


..

SI. 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

iii


..

SI. 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


3

HANDBOOK ON INDIAN INSURANCE STATISTICS 2010-11A

. LIF

E IN

SUR

AN

CE

SEC

TOR

Parti

cular

sRe

marks

Un

it20

00-01

2001

-0220

02-03

2003

-0420

04-05

2005

-0620

06-07

2007

-0820

08-09

2009

-1020

10-11

PROF

ILE

No of

comp

anies

As

on 31

st Ma

rchNo

s.5

1213

1314

1516

1822

2323

No of

bran

ch of

fices

As on

31st

March

Nos.

2199

2306

2445

2612

3001

3865

5373

8913

1181

512

018

1154

6Ins

uranc

e pen

etrati

onCa

lende

r Yea

rin

perce

nt2.1

52.5

92.2

62.5

32.5

34.1

04.0

04.0

04.6

04.4

0Ins

uranc

e den

sity

Calen

der Y

ear

US $

9.10

11.70

12.90

15.70

18.30

33.20

40.40

41.20

47.70

55.70

BUSIN

ESS F

IGUR

ES

Numb

er of

new

polic

ies is

sued

As on

31st

March

in La

khs

253.7

128

6.27

262.1

135

4.62

461.5

250

8.74

509.2

353

2.25

481.5

2Fir

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

6381

Total

Prem

ium

FY(`

Crore

)34

898

5009

455

748

6665

482

855

1058

7615

6076

2013

5122

1785

2654

4729

1605

Marke

t sha

re of

LIC

(base

d on T

otal P

remium

)FY

in Pe

rcent

99.98

99.46

97.99

95.32

90.67

85.75

81.90

74.39

70.92

70.10

69.78

Indivi

dual

Busin

ess i

n Forc

e (N

umbe

r of p

olicie

s)As

on 31

st Ma

rchIn

Thou

sand

s19

3601

4519

6325

7911

2916

1831

8927

3291

87

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

INTE

RMED

IARI

ES

No of

indiv

idual

agen

tsAs

on 31

st Ma

rchNo

s.47

6902

1038

802

1556

817

4812

5014

2383

919

9319

925

2049

229

3743

537

4243

926

3939

2No

of co

rporat

e age

ntsAs

on 31

st Ma

rchNo

s.27

575

724

3681

921

665

624

1525

0629

3021

65Co

mmiss

ion pa

idFY

(` La

kh)

4566

9151

5273

6158

3870

9861

8635

4812

2686

414

6805

815

4959

818

0355

918

2802

9Op

eratin

g Exp

ense

s rela

ted to

Ins

uranc

e Bus

iness

FY(`

Lakh

)46

7417

54

5115

64

2483

82

1560

96

1105

13

5858

4 20

3067

3 25

8319

028

9062

832

9423

0

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

34

No of

claim

s sub

mitte

d (Gr

oup)

FYNo

of Li

ves

1628

3726

4138

3091

5143

6201

Amou

nt Cl

aimed

(In

dividu

al)FY

(` Cr

ore)

4625

.9552

79.02

6541

.0482

86.40

Amou

nt Cl

aimed

(Grou

p)FY

(` Cr

ore)

1114

.3113

83.04

1678

.7721

18.01

Total

Ben

efit P

aidFY

(` La

kh)

1747

952

2054

522

2399

357

2875

133

3520

986

5571

501

6168

637

5837

029

9556

491

1421

5045

4

HANDBOOK ON INDIAN INSURANCE STATISTICS 2010-11A

. LIF

E IN

SUR

AN

CE

SEC

TOR

(Con

cld.

)

Parti

cular

sRe

mar

ks

Unit

2000

-01

2001

-02

2002

-03

2003

-04

2004

-05

2005

-06

2006

-07

2007

-08

2008

-09

2009

-10

2010

-11Ch

anne

l Wise

-New

Bus

ines

ss (A

mou

nt o

f Pre

miu

m)-I

ndivi

dual

plus

Gro

upInd

ividu

al ag

ents

FY(`

Cro

re)

5461

167

611

5688

466

906

6809

4Co

rpor

ate ag

ents-

Bank

sFY

(` C

rore

)36

9068

2273

0792

8812

391

Corp

orate

agen

ts-Ot

hers

FY(`

Cro

re)

1829

3503

3511

3912

3277

Brok

ers

FY(`

Cro

re)

363

573

857

1476

1685

Dire

ct se

lling

FY(`

Cro

re)

1384

715

174

1834

028

262

4088

6To

talFY

(` C

rore

)75

597

9368

386

900

1098

4512

6333

Refer

rals

FY(`

Cro

re)

1258

2347

2731

2610

875

Chan

nel W

ise-N

ew B

usin

ess (

No. o

f Live

s Cov

ered

)-Ind

ividu

al pl

us G

roup

Indivi

dual

agen

tsFY

In La

khs

423.2

949

9.89

462.6

654

0.33

450.1

7Co

rpor

ate ag

ents-

Bank

sFY

In La

khs

29.06

34.62

41.43

32.66

65.88

Corp

orate

agen

ts-Ot

hers

FYIn

Lakh

s17

.5332

.7433

.3510

3.59

97.24

Brok

ers

FYIn

Lakh

s7.5

19.4

89.5

053

.6651

.69Di

rect

sellin

gFY

In La

khs

174.9

727

7.23

490.9

260

8.64

648.4

0To

talFY

In La

khs

660.1

585

3.96

1037

.8513

38.88

1313

.39Re

ferra

lsFY

In La

khs

7.79

13.52

19.57

12.86

8.68

Regi

on W

ise d

istrib

utio

n of

offi

ces

Metro

As on

31st

March

Nos.

549

939

1265

1244

1132

Urba

nAs

on 31

st Ma

rchNo

s.13

4716

3721

2321

0519

88Se

mi-U

rban

As on

31st

March

Nos.

2159

3540

4513

4530

4668

Othe

rsAs

on 31

st Ma

rchNo

s.13

1827

9739

1441

3937

58To

talAs

on 31

st Ma

rchNo

s.53

7389

1311

815

1957

511

546

Asse

ts U

nder

Man

agem

ent

Life F

und

As on

31st

March

(` C

rore

)19

4010

2303

6922

9649

3073

0936

6220

3971

8946

5555

5416

3062

9650

7312

9184

1075

Pens

ion &

Gen

eral

Annu

ity &

Gr

oup f

und

As on

31st

March

(` C

rore

)30

638

4362

754

705

6407

471

575

9126

211

3952

1436

2718

9927

Unit U

LIP F

und

As on

31st

March

(` C

rore

)26

616

8875

2725

888

6705

013

3077

1727

6333

7540

3991

16To

tal F

und

As on

31st

March

(` C

rore

)19

4010

2303

6926

0552

3526

2542

8452

4871

5160

4180

7659

6991

6365

1212

458

1430

118

Incom

e fro

m Inv

estm

ents

As on

31st

March

(` La

kh)

2385

532

2607

813

2998

481

3671

478

4284

632

4813

388

6251

328

3189

534

1546

7386

1205

3585

Profi

t / (L

oss)

after

tax

As on

31st

March

(` La

kh)

2911

559

398

1106

4-4

1456

-164

83-4

5242

-1159

60-3

4128

1-4

8830

1-9

8882

2657

04Eq

uity C

apita

lAs

on 31

st Ma

rch(`

Cro

re)

1669

2234

3244

4353

5892

8124

1229

618

255

2102

023

662

REDR

ESSE

L OF

CON

SUME

R GR

IEVA

NCES

No of

griev

ance

s rep

orted

du

ring t

he ye

arFY

Nos.

519

1433

2516

861

2057

1794

2449

9565

No. o

f com

plaint

s rep

orted

wi

th the

Omb

udsm

en at

dif

feren

ce ce

ntres

FYNo

s.19

6724

8134

0448

9349

8054

3355

6557

5389

6711

017

5

HANDBOOK ON INDIAN INSURANCE STATISTICS 2010-11B

. NO

N-L

IFE

INSU

RA

NC

E SE

CTO

RPa

rticu

lars

Rem

arks

Un

it20

00-0

120

01-0

220

02-0

320

03-0

420

04-0

520

05-0

620

06-0

720

07-0

820

08-0

920

09-1

020

10-11

PROF

ILE

No of

comp

anies

(incl

reins

urer

)As

on 31

st Mar

chNo

s.9

1214

1515

1516

1921

2525

Insur

ance

pene

tratio

nCa

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

0Ins

uran

ce de

nsity

Calen

der Y

ear

US $

2.43.0

3.54.0

4.45.2

6.26.2

6.78.7

BUSI

NESS

FIG

URES

Numb

er of

new

polic

ies is

sued

FY

In La

khs

436

417

498

511

467

573

671

675

793

Gros

s Dire

ct Pr

emium

(W

ithin

& Ou

tside

India

) FY

(` C

rore

)12

385

1487

016

542

1845

621

339

2593

028

806

3142

835

816

4384

2

Marke

t sha

re of

PSU

s (E

xclud

ing G

IC, A

IC &

ECG

C)In

Per c

ent

96.22

90.92

86.35

81.00

74.87

66.60

61.48

59.74

59.20

58.22

Segm

ent W

ise G

ross

Dire

ct P

rem

ium

(With

in In

dia )

Fire

FY(`

Lakh

)20

6436

2667

3929

5478

3150

0533

3092

3774

5341

3238

3459

2133

8468

3869

2745

5512

Marin

eFY

(` La

kh)

9851

511

0534

012

1519

1117

5412

2810

1284

0916

2784

3285

719

5615

2167

5925

1877

Motor

FY(`

Lakh

)87

3338

1069

666

1268

525

1333

602

1504

699

1818

052

Healt

hFY

(` La

kh)

2220

7533

1929

4894

4260

8800

7311

3799

4403

Othe

rsFY

(` La

kh)

6757

4477

2485

9736

9511

3272

212

9215

843

4697

5129

2949

8604

5586

9862

2522

7378

01To

talFY

(` La

kh)

9806

9511

4458

213

9069

215

5948

117

4806

020

3597

224

9054

927

8813

430

3518

334

6204

542

5764

5

Net R

eten

tions

of N

on-L

ife In

sure

rs

Fire

FYIn

Per C

ent

80.5

76.0

85.8

65.7

75.7

77.4

74.0

65.4

Marin

e Car

goFY

In Pe

r Cen

t89

.585

.191

.877

.184

.488

.685

.479

.2Ma

rine H

ullFY

In Pe

r Cen

t26

.725

.639

.818

.320

.031

.323

.325

.1En

ginee

ring

FYIn

Per C

ent

81.3

75.8

91.6

72.9

77.5

71.3

68.9

70.2

Motor

FYIn

Per C

ent

99.0

99.6

100.0

96.2

100.0

100.0

100.0

98.9

Aviat

ionFY

In Pe

r Cen

t26

.023

.548

.521

.924

.223

.725

.637

.5Mi

scell

aneo

usFY

In Pe

r Cen

t94

.788

.494

.589

.697

.197

.091

.490

.6To

tal- A

ll Seg

ments

FYIn

Per C

ent

87.9

86.5

92.6

83.4

91.3

94.5

90.3

88.2

Incu

rred

Claim

s Rat

io

Fire

FYIn

Per C

ent

23.35

22.00

27.18

37.91

52.72

43.92

50.69

74.97

72.79

75.16

Marin

eFY

In Pe

r Cen

t34

.3165

.9381

.8987

.8210

7.71

112.5

710

0.32

109.0

286

.4082

.12Mo

torFY

In Pe

r Cen

t64

.2871

.9575

.6480

.4293

.70He

alth

FYIn

Per C

ent

103.4

294

.8185

.3392

.2285

.15Mi

scell

aneo

usFY

In Pe

r Cen

t22

.4654

.7953

.0350

.7652

.3547

.1146

.159

.1156

.8149

.76To

tal- A

ll Seg

ments

FYIn

Per C

ent

23.03

52.06

50.97

51.16

68.03

68.02

72.23

76.84

80.79

86.9

Asse

ts Un

der M

anag

emen

tAs

on 31

st Ma

rch(`

Cro

re)

2446

2 23

400

3033

4 34

075

3741

2 42

332

5038

3 56

280

5889

3 66

372

8252

0 Un

derw

riting

Pro

fit/Lo

ssFY

(` La

kh)

3844

2 (2

6646

)63

191

1425

36

1293

50

1473

66

3137

11

2249

32

3970

7 12

0451

(1

0189

4)Eq

uity S

hare

Cap

ital (I

nclud

ing sp

ecial

ised

insur

ers b

ut ex

cludin

g GIC

)As

on 31

st Ma

rch(`

Cro

re)

1517

17

23

2149

22

99

2784

30

56

3661

44

00

5255

62

76

Comm

ission

expe

nses

FY(`

Lakh

)(5

319)

(242

0)86

34

1107

5 30

384

4007

8 25

233

6175

0 10

4660

11

9879

13

1763

Op

erati

ng ex

pens

es re

alted

to In

sura

nce b

usine

ssFY

(` La

kh)

2258

4226

8069

3084

4942

0346

4404

8952

0001

5412

9363

2209

7609

7687

4600

1116

319

Oper

ating

profi

t/(Lo

ss)

FY(`

Lakh

)(2

554)

(575

94)

1069

6 46

452

8782

4 38

922

2057

85

1357

74

(104

451)

(104

774)

(340

340)

Incom

e fro

m inv

estm

ents

FY(`

Lakh

)15

14

7807

7 91

224

1260

67

1422

46

1926

12

2110

79

2603

84

2264

94

2770

48

3189

73

Profi

t afte

r tax

(Ind

ustry

Total

)FY

(` La

kh)

(135

8)(7

210)

6806

4 14

1100

15

3811

17

4723

35

5134

28

6300

84

212

1170

61

(741

28)

REDR

ESSE

L OF

CON

SUME

R GR

IEVA

NCES

No of

griev

ance

s rep

orted

durin

g the

year

FYNo

s.22

2922

0220

7652

74No

. of c

ompla

ints r

epor

ted w

ith th

e Omb

udsm

en

at dif

feren

ce ce

ntres

FYNo

s.29

6938

9843

1145

3440

9447

5653

0056

4070

9710

048

6

HANDBOOK ON INDIAN INSURANCE STATISTICS 2010-11C

: IN

TER

NAT

ION

AL

CO

MPA

RIS

ON

OF

INSU

RA

NC

E PE

NET

RAT

ION

* (In

Per

cent)

Coun

tries

2010

2009

2008

2007

2006

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

5.90

3.10

2.80

6.40

3.40

3.00

7.30

4.40

2.90

6.80

3.80

3.00

7.00

3.80

3.20

Braz

il3.1

01.6

01.5

03.1

01.6

01.5

03.0

01.4

01.6

03.0

01.4

01.6

02.8

01.3

01.6

0

Fran

ce10

.507.4

03.1

010

.307.2

03.1

09.2

06.2

03.0

010

.307.3

03.0

011

.007.9

03.1

0

Germ

any

7.20

3.50

3.70

7.00

3.30

3.70

6.60

3.00

3.50

6.60

3.10

3.60

6.70

3.10

3.60

Russ

ia2.3

00.0

02.3

02.5

00.0

02.5

02.3

00.0

02.3

02.4

00.1

02.4

02.3

00.1

02.3

0

South

Afric

a14

.8012

.002.8

012

.9010

.002.9

015

.3012

.502.9

015

.3012

.502.8

016

.0013

.003.0

0

Switz

erlan

d9.9

05.5

04.4

09.8

05.4

04.5

09.9

05.5

04.4

010

.305.7

04.6

011

.006.2

04.9

0

Unite

d King

dom

12.40

9.50

2.90

12.90

10.00

3.00

15.70

12.80

2.90

15.70

12.60

3.00

16.50

13.10

3.40

Unite

d Stat

es8.0

03.5

04.5

08.0

03.5

04.5

08.7

04.1

04.6

08.9

04.2

04.7

08.8

04.0

04.8

0

Asian

Cou

ntrie

s

Bang

lades

h0.9

00.7

00.2

00.9

00.7

00.2

00.9

00.7

00.2

00.7

00.5

00.2

00.6

00.4

00.2

0

Hong

Kon

g11

.4010

.101.4

011

.009.6

01.4

011

.209.9

01.3

011

.8010

.601.2

010

.509.2

01.2

0

Indi

a#5.1

04.4

00.7

05.2

04.6

00.6

04.6

04.0

00.6

04.7

04.0

00.6

04.8

04.1

00.6

0

Japa

n10

.108.0

02.1

09.9

07.8

02.1

09.8

07.6

02.2

09.6

07.5

02.1

010

.508.3

02.2

0

Malay

sia4.8

03.2

01.6

04.4

02.9

01.6

04.3

02.8

01.5

04.6

03.1

01.5

04.9

03.2

01.7

0

Pakis

tan0.7

00.3

00.3

00.7

00.3

00.4

00.8

00.3

00.4

00.7

00.3

00.4

00.8

00.3

00.5

0

PR C

hina

3.80

2.50

1.30

3.40

2.30

1.10

3.30

2.20

1.00

2.90

1.80

1.10

2.70

1.70

1.00

Sing

apor

e6.1

04.6

01.6

06.8

05.1

01.7

07.8

06.3

01.6

07.6

06.2

01.5

06.5

05.4

01.1

0

South

Kor

ea11

.207.0

04.2

010

.406.5

03.9

011

.808.0

03.7

011

.808.2

03.6

011

.107.9

03.2

0

Sri L

anka

1.40

0.60

0.90

1.40

0.60

0.90

1.40

0.60

0.90

1.50

0.60

0.90

1.60

0.60

0.90

Taiw

an18

.4015

.403.0

016

.8013

.803.0

016

.2013

.302.9

015

.7012

.902.8

014

.5011

.602.9

0

Thail

and

4.30

2.60

1.70

4.00

2.40

1.60

3.30

1.80

1.50

3.40

1.80

1.50

3.50

1.90

1.60

Wor

ld6.9

04.0

02.9

07.0

04.0

03.0

07.1

04.1

02.9

07.5

04.4

03.1

07.5

04.5

03.0

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).

# data

relat

es to

finan

cial y

ear.

Sour

ce: S

wiss

Re,

Sigm

a var

ious v

olume

s.

7

HANDBOOK ON INDIAN INSURANCE STATISTICS 2010-11C

: IN

TER

NAT

ION

AL

CO

MPA

RIS

ON

OF

INSU

RA

NC

E PE

NET

RAT

ION

* (C

oncl

d.)

(In P

er ce

nt)

2005

2004

2003

2002

2001

Coun

tries

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

6.60

3.51

3.09

8.02

4.17

3.85

7.99

4.42

3.57

8.48

5.02

3.46

9.15

5.73.4

5

Braz

il3.0

11.3

31.6

82.9

81.3

61.6

22.9

61.2

81.6

82.7

91.0

51.7

42.1

40.3

61.7

8

Fran

ce10

.217.0

83.1

39.5

26.3

83.1

49.1

55.9

93.1

68.5

85.6

12.9

78.5

85.7

32.8

5

Germ

any

6.79

3.06

3.73

6.97

3.11

3.86

6.99

3.17

3.82

6.76

3.06

3.76.5

93

3.59

Russ

ia2.2

70.1

22.1

52.8

30.6

12.2

23.2

51.1

22.1

32.7

70.9

61.8

13.0

61.5

51.5

1

South

Afric

a13

.8710

.843.0

314

.3811

.432.9

515

.8812

.962.9

218

.7815

.922.8

617

.9715

.192.7

8

Switz

erlan

d11

.196.2

04.9

911

.756.7

35.0

212

.747.7

25.0

213

.368.1

45.2

212

.717.9

54.7

6

Unite

d King

dom

12.45

8.90

3.55

12.6

8.92

3.68

13.37

8.62

4.75

14.75

10.19

4.56

14.18

10.73

3.45

Unite

d Stat

es9.1

54.1

45.0

19.3

64.2

25.1

49.6

14.3

85.2

39.5

84.6

4.98

8.97

4.44.5

7

Asian

Cou

ntrie

s

Bang

lades

h0.6

10.4

20.2

00.5

70.3

70.2

0.57

0.37

0.20.4

60.2

90.1

70.4

60.2

90.1

7

Hong

Kon

g9.9

38.6

31.2

99.2

77.8

81.3

97.8

86.3

81.5

6.65

5.21.4

56.3

45.1

31.2

1

Indi

a#3.1

42.5

30.6

13.1

72.5

30.6

42.8

82.2

60.6

23.2

62.5

90.6

72.7

12.1

50.5

6

Japa

n10

.548.3

22.2

210

.518.2

62.2

510

.818.6

12.2

10.86

8.64

2.22

11.07

8.85

2.22

Malay

sia5.4

23.6

01.8

25.4

3.52

1.88

5.35

3.29

2.06

4.91

2.94

1.97

5.18

3.38

1.8

Pakis

tan0.6

70.2

70.4

00.7

10.2

80.4

30.6

20.2

40.3

80.6

20.2

40.3

80.6

80.3

0.38

PR C

hina

2.70

1.78

0.92

3.26

2.21

1.05

3.33

2.31.0

32.9

82.0

30.9

52.2

1.34

0.86

Sing

apor

e7.4

76.0

01.4

87.5

6.02

1.48

7.59

6.09

1.54.9

13.4

81.4

34.5

83.4

1.18

South

Kor

ea10

.257.2

72.9

89.5

26.7

52.7

79.6

36.7

72.8

611

.618.2

33.3

812

.078.6

93.3

8

Sri L

anka

1.46

0.62

0.84

1.37

0.60.7

71.3

0.55

0.75

1.30.5

50.7

51.2

0.53

0.67

Taiw

an14

.1111

.172.9

314

.1311

.063.0

711

.318.2

83.0

310

.167.3

52.8

18.6

26.0

32.5

9

Thail

and

3.61

1.99

1.62

3.52

1.94

1.58

3.45

2.25

1.23.2

42.0

91.1

52.9

41.8

61.0

8

Wor

ld7.5

24.3

43.1

87.9

94.5

53.4

48.0

64.5

93.4

78.1

44.7

63.3

87.8

34.6

83.1

5

* 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).

# data

relat

es to

finan

cial y

ear.

Sour

ce: S

wiss

Re,

Sigm

a var

ious v

olume

s.

8

HANDBOOK ON INDIAN INSURANCE STATISTICS 2010-11D

: IN

TER

NAT

ION

AL

CO

MPA

RIS

ON

OF

INSU

RA

NC

E D

ENSI

TY*

(In U

S Do

llar)

Coun

tries

2010

2009

2008

2007

2006

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

3369

.217

66.3

1603

.028

32.7

1524

.813

07.9

3386

.520

38.0

1348

.630

00.2

1674

.113

26.1

2580

.813

89.0

1191

.9

Braz

il32

7.616

9.915

7.725

1.712

7.912

3.824

4.511

5.412

9.120

2.295

.310

6.916

0.972

.588

.4

Fran

ce41

86.6

2937

.612

49.0

4269

.229

79.8

1289

.441

31.0

2791

.913

39.2

4147

.629

28.3

1219

.340

75.4

2922

.511

52.9

Germ

any

2903

.814

02.2

1501

.628

78.4

1356

.715

18.7

2919

.213

46.5

1572

.726

62.1

1234

.114

27.9

2436

.811

36.1

1300

.7

Russ

ia29

6.86.4

290.4

280.9

4.527

6.427

3.55.4

268.1

209.4

6.120

3.315

0.94.0

146.9

South

Afric

a10

54.7

854.6

200.1

738.1

574.2

163.9

870.6

707.0

163.6

878.5

719.0

159.5

855.8

695.6

160.2

Switz

erlan

d66

33.7

3666

.829

66.9

6257

.734

05.6

2852

.163

79.4

3551

.528

27.9

5740

.731

59.1

2581

.755

61.9

3111

.824

50.1

Unite

d King

dom

4496

.634

36.3

1060

.245

78.8

3527

.610

51.2

6857

.855

82.1

1275

.771

13.7

5730

.513

83.2

6466

.751

39.6

1327

.1

Unite

d Stat

es37

58.9

1631

.821

27.2

3710

.016

02.6

2107

.340

78.0

1900

.621

77.4

4086

.519

22.0

2164

.439

23.7

1789

.521

34.2

Asian

Cou

ntrie

s

Bang

lades

h5.8

4.41.4

5.23.9

1.34.4

3.31.1

2.91.9

0.92.6

1.80.8

Hong

Kon

g36

35.5

3197

.343

8.233

04.0

2886

.641

7.533

10.3

2929

.638

0.833

73.2

3031

.934

1.327

87.6

2456

.033

1.6

Indi

a#64

.455

.78.7

54.3

47.7

6.747

.441

.26.2

46.6

40.4

6.238

.433

.25.2

Japa

n43

90.2

3472

.891

7.439

79.0

3138

.784

0.436

98.6

2869

.582

9.233

19.9

2583

.973

6.035

89.6

2829

.376

0.4

Malay

sia42

1.128

2.813

8.332

1.820

6.911

5.034

5.422

5.911

9.533

2.122

1.511

0.629

2.218

9.210

3.0

Pakis

tan6.1

3.22.9

6.63.0

3.66.8

2.84.0

6.52.6

3.95.9

2.33.6

PR C

hina

158.4

105.5

52.9

121.2

81.1

40.0

105.4

71.7

33.7

69.9

44.2

25.5

53.5

34.1

19.4

Sing

apor

e28

23.4

2101

.472

2.125

57.6

1912

.064

5.631

79.0

2549

.063

0.027

76.0

2244

.753

1.219

57.7

1616

.534

1.2

South

Kor

ea23

39.4

1454

.388

5.118

90.3

1180

.670

9.719

68.7

1347

.762

1.023

84.0

1656

.672

7.320

71.3

1480

.059

1.2

Sri L

anka

34.2

13.7

20.6

29.5

11.8

17.7

32.1

12.8

19.3

24.9

10.2

14.7

21.3

8.512

.8

Taiw

an32

96.2

2756

.853

9.327

52.1

2257

.349

4.827

87.6

2281

.149

9.626

28.0

2165

.746

2.322

50.2

1800

.045

0.3

Thail

and

199.4

121.9

77.5

154.4

91.7

62.7

142.1

77.2

64.9

129.7

70.8

58.9

110.1

60.0

50.0

Wor

ld62

7.336

4.326

3.059

5.134

1.225

3.963

3.936

9.726

4.260

835

824

9.655

533

122

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 fin

ancia

l yea

r.So

urce

: Swi

ss R

e, Si

gma v

ariou

s volu

mes.

9

HANDBOOK ON INDIAN INSURANCE STATISTICS 2010-11D

: IN

TER

NAT

ION

AL

CO

MPA

RIS

ON

OF

INSU

RA

NC

E D

ENSI

TY* (

Con

cld.

)

(In U

S Do

llar)

Coun

tries

2005

2004

2003

2002

2001

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

2569

.913

66.7

1203

.224

71.4

1285

.111

86.3

2041

.411

29.3

912.1

1705

.910

10.4

695.5

1668

.310

40.3

628.0

Braz

il12

8.956

.872

.110

1.145

.955

.282

.635

.846

.872

.227

.245

.064

.010

.853

.2

Fran

ce35

68.5

2474

.610

93.9

3207

.921

50.2

1057

.726

98.3

1767

.993

0.420

64.2

1349

.571

4.718

98.8

1268

.263

0.6

Germ

any

2310

.510

42.1

1268

.422

86.6

1021

.312

65.3

2051

.293

0.411

20.8

1627

.773

6.789

1.014

84.2

674.3

809.9

Russ

ia12

2.86.3

116.5

114.4

24.8

89.6

98.2

33.9

64.3

66.6

23.1

43.5

65.8

33.2

32.6

South

Afric

a71

4.655

8.315

6.268

6.554

5.514

1.058

3.947

6.510

7.442

5.336

0.564

.844

6.337

7.269

.1

Switz

erlan

d55

58.4

3078

.124

80.3

5716

.432

75.1

2441

.356

60.3

3431

.822

28.5

4922

.430

99.7

1822

.743

42.8

2715

.716

27.1

Unite

d King

dom

4599

.032

87.1

1311

.945

08.4

3190

.413

18.0

4058

.526

17.1

1441

.438

79.1

2679

.411

99.7

3393

.825

67.9

825.9

Unite

d Stat

es38

75.2

1753

.221

22.0

3755

.116

92.5

2062

.636

37.7

1657

.519

80.2

3461

.616

62.6

1799

.032

66.0

1602

.016

64.0

Asian

Cou

ntrie

s

Bang

lades

h2.5

1.70.8

2.31.5

0.82.1

1.40.7

1.61.0

0.61.6

1.00.6

Hong

Kon

g25

44.9

2213

.233

1.722

17.2

1884

.333

2.918

32.6

1483

.934

8.715

83.0

1237

.934

5.115

45.2

1249

.729

5.5

Indi

a#22

.718

.34.4

19.7

15.7

4.016

.412

.93.5

14.7

11.7

3.011

.59.1

2.4

Japa

n37

46.7

2956

.379

0.438

74.8

3044

.083

0.837

70.9

3002

.976

8.034

98.6

2783

.971

4.735

07.5

2806

.470

1.1

Malay

sia28

3.318

8.095

.325

6.516

7.389

.222

7.013

9.887

.219

8.011

8.779

.319

8.312

9.568

.8

Pakis

tan4.6

1.92.8

3.71.5

2.22.9

1.11.8

2.71.0

1.72.7

1.21.5

PR C

hina

46.3

30.5

15.8

40.2

27.3

12.9

36.3

25.1

11.2

28.7

19.2

9.520

.012

.27.8

Sing

apor

e19

83.4

1591

.439

2.018

49.3

1483

.936

5.416

20.5

1300

.232

0.310

30.7

730.1

300.6

959.0

713.2

245.8

South

Kor

ea17

06.1

1210

.649

5.514

19.3

1006

.841

2.512

43.0

873.6

369.4

1159

.882

1.933

7.910

60.1

763.4

296.7

Sri L

anka

16.3

6.99.4

14.1

6.27.9

12.5

5.37.2

10.6

4.56.1

9.74.3

5.4

Taiw

an21

45.5

1699

.144

6.419

09.0

1494

.641

4.414

33.3

1050

.138

3.212

79.2

925.1

354.1

1088

.576

0.932

7.6

Thail

and

99.0

54.6

44.4

92.1

50.8

41.3

79.6

52.0

27.6

65.2

42.1

23.1

53.9

34.1

19.8

Wor

ld51

8.529

9.521

9.051

1.529

1.522

0.046

9.626

7.120

2.542

2.924

7.317

5.639

3.323

5.015

8.3

* 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 fin

ancia

l yea

r.So

urce

: Swi

ss R

e, Si

gma v

ariou

s volu

mes.

CHARTS


13


LIFE INSURANCE

14


15


16


17


NON-LIFE INSURANCE

18


19


20


PART-ILIFE INSURANCE


23


TABLE 1: DETAILS OF LIFE INSURANCE COMPANIES OPERATING IN INDIA*

Sl. No.

Insurers Foreign Partners Regn. No. Date of Registration

Year of Operation

1 Life Insurance Corporation of India 512 01.09.1956 1956-57

2 HDFC Standard Standard Life Assurance, UK 101 23.10.2000 2000-01

3 Max New York New York Life, USA 104 15.11.2000 2000-01

4 ICICI Prudential Prudential Plc, UK 105 24.11.2000 2000-01

5 Kotak Mahindra Old Mutual Old Mutual, South Africa 107 10.01.2001 2001-02

6 Birla Sun Life Sun Life, Canada 109 31.01.2001 2000-01

7 TATA AIG American International Assurance Co., USA 110 12.02.2001 2001-02

8 SBI Life BNP Paribas Assurance SA, France 111 29.03.2001 2001-02

9 ING Vysya ING Insurance International B.V, Netherlands 114 02.08.2001 2001-02

10 Bajaj Allianz Allianz, Germany 116 03.08.2001 2001-02

11 Metlife Metlife International Holdings Ltd., USA 117 06.08.2001 2001-02

12 Reliance 121 03.01.2002 2001-02

13 Aviva Aviva International Holdings Ltd., UK 122 14.05.2002 2002-03

14 Sahara 127 06.02.2004 2004-05

15 Shriram Sanlam, South Africa 128 17.11.2005 2005-06

16 Bharti AXA AXA Holdings, France 130 14.07.2006 2006-07

17 Future Generali Generali, Italy 133 04.09.2007 2007-08

18 IDBI Federal Ageas, Europe 135 19.12.2007 2007-08

19 Canara HSBC OBC HSBC, UK 136 08.05.2008 2008-09

20 Aegon Religare Aegon ,Netherlands 138 27.06.2008 2008-09

21 DLF Pramerica Prudential of America, USA 140 27.06.2008 2008-09

22 Star Union Dai-ichi Dai-ichi Mutual Life Insurance,Japan 142 26.12.2008 2008-09

23 IndiaFirst Legal & General Middle East Limited, UK 143 05.11.2009 2009-10

24 Edelweiss Tokio Tokio Marine Holding Inc,Japan 147 12.05.2011 2011-12

* as on 31st December, 2011.

24

HANDBOOK ON INDIAN INSURANCE STATISTICS 2010-11TA

BLE

2: F

IRST

YEA

R (I

NC

LUD

ING

SIN

GLE

PR

EMIU

M) L

IFE

INSU

RA

NC

E PR

EMIU

M

(` C

rore

)

INSU

RER

2010

-1120

09-1

020

08-0

920

07-0

820

06-0

720

05-0

620

04-0

520

03-0

420

02-0

320

01-0

220

00-0

1

LIC

8701

2.35

7152

1.90

5317

9.08

5999

6.57

5622

3.56

2851

5.87

2065

3.06

1734

7.62

1597

6.76

1958

8.77

9700

.98(2

1.66)

(34.4

9)(-1

1.36)

(6.71

)(9

7.17)

(38.0

7)(1

9.05)

(8.58

)(-1

8.44)

(101

.93)

Aego

n Reli

gare

274.8

715

0.37

31.21

Aviva

745.3

979

8.37

724.5

610

53.98

721.3

540

7.12

192.2

976

.9613

.47

Ba

jaj A

llianz

3465

.8244

51.10

4491

.4366

74.48

4302

.7427

16.77

857.4

517

9.55

63.39

7.14

Bh

arti A

XA34

7.78

437.4

329

2.93

113.2

47.7

8

Bi

rla S

un Li

fe20

80.30

2960

.0128

20.85

1965

.0188

2.72

678.1

262

1.31

449.8

612

9.57

28.11

0.32

Cana

ra H

SBC

817.2

962

2.62

296.4

1

DL

F Pr

amer

ica74

.1537

.383.3

7

Fu

ture G

ener

ali44

8.61

486.0

814

9.97

2.49

HD

FC S

tanda

rd40

59.33

3257

.5126

51.11

2685

.3716

48.85

1042

.6548

6.15

209.3

312

9.31

32.78

0.002

ICIC

I Pru

denti

al78

62.14

6334

.0368

11.83

8034

.7551

62.13

2602

.5015

84.34

750.8

436

4.11

113.3

35.9

7ID

BI F

eder

al44

4.95

400.5

631

6.78

11.90

Ind

iaFirs

t70

4.77

201.5

9

ING

Vysy

a66

0.49

642.4

368

8.95

704.4

446

7.66

283.9

828

2.42

72.10

17.66

4.19

Ko

tak M

ahind

ra12

53.14

1333

.9813

43.03

1106

.6261

4.94

396.0

637

3.99

125.5

135

.217.5

8

Max N

ew Yo

rk20

61.39

1849

.0818

42.91

1597

.8391

2.11

471.3

623

3.63

137.2

867

.3138

.800.1

6Me

tLife

706.2

210

61.85

1144

.7082

5.35

340.4

414

8.53

57.52

23.41

7.70

0.48

Re

lianc

e30

34.94

3920

.7835

13.98

2751

.0593

2.11

193.5

691

.3327

.216.3

20.2

8

Saha

ra91

.8312

4.83

134.0

112

2.12

43.00

26.34

1.74

SBI L

ife75

72.39

7040

.7453

86.64

4792

.8225

63.84

827.8

248

4.85

207.0

571

.8814

.69

Shrir

am57

1.99

419.5

031

4.47

309.9

918

1.17

10.33

St

ar U

nion D

ai-ich

i75

8.69

519.8

750

.19

TA

TA A

IG13

32.21

1322

.0111

42.67

964.5

164

4.82

464.5

329

7.55

181.5

959

.7721

.14

Priva

te To

tal

3936

8.65

3837

2.01

3415

2.00

3371

5.95

1942

5.65

1026

9.67

5564

.5724

40.71

965.6

926

8.51

6.45

(2.60

)(1

2.36)

(1.29

)(7

3.56)

(88.8

4)(8

4.55)

(127

.99)

(152

.74)

(259

.65)

(406

1.70)

Indu

stry

Tota

l12

6381

.0010

9893

.9187

331.0

893

712.5

275

649.2

138

785.5

426

217.6

419

788.3

216

942.4

519

857.2

897

07.43

(15.0

0)(2

5.84)

(-6.81

)(2

3.88)

(94.9

6)(4

7.94)

(32.4

9)(1

6.80)

(-14.6

8)(1

04.56

)

in

dicate

s the

comp

any h

as no

t star

ted its

oper

ation

. No

te: F

igure

in br

acke

t indic

ates t

he gr

owth

over

the p

revio

us ye

ar in

per c

ent.

25


BLE

3: T

OTAL

LIF

E IN

SURA

NCE

PREM

IUM

(` C

rore

)

INSU

RER

2010

-1120

09-1

020

08-0

920

07-0

820

06-0

720

05-0

620

04-0

520

03-0

420

02-0

320

01-0

220

00-0

1

LIC

2034

73.40

1860

77.31

1572

88.04

1497

89.99

1278

22.84

9079

2.22

7512

7.29

6353

3.43

5462

8.49

4982

1.91

3489

2.02

(9.35

)(1

8.30)

(5.01

)(1

7.19)

(40.7

9)(2

0.85)

(18.2

5)(1

6.30)

(9.65

)(4

2.79)

Aego

n Reli

gare

388.6

116

5.65

31.21

Aviva

2345

.1723

78.01

1992

.8718

91.88

1147

.2360

0.27

253.4

281

.5013

.47

Ba

jaj A

llianz

9609

.9511

419.7

110

624.5

297

25.31

5345

.2431

33.58

1001

.6822

0.80

69.17

7.14

Bh

arti A

XA79

2.02

669.7

336

0.41

118.4

17.7

8

Bi

rla S

un Li

fe56

77.07

5505

.6645

71.80

3272

.1917

76.71

1259

.6891

5.47

537.5

414

3.92

28.26

0.32

Cana

ra H

SBC

1531

.8684

2.45

296.4

1

DL

F Pr

amer

ica95

.0438

.443.3

7

Fu

ture G

ener

ali72

6.16

541.5

115

2.60

2.49

HD

FC S

tanda

rd90

04.17

7005

.1055

64.69

4858

.5628

55.87

1569

.9168

6.63

297.7

614

8.83

33.46

0.002

ICIC

I Pru

denti

al17

880.6

316

528.7

515

356.2

213

561.0

679

12.99

4261

.0523

63.82

989.2

841

7.62

116.3

85.9

7ID

BI F

eder

al81

1.00

571.1

231

8.97

11.90

Ind

iaFirs

t79

8.43

201.6

0

ING

Vysy

a17

08.95

1642

.6514

42.28

1158

.8770

7.20

425.3

833

8.86

88.51

21.16

4.19

Ko

tak M

ahind

ra29

75.51

2868

.0523

43.19

1691

.1497

1.51

621.8

546

6.16

150.7

240

.327.5

8

Max N

ew Yo

rk58

12.63

4860

.5438

57.26

2714

.6015

00.28

788.1

341

3.43

215.2

596

.5938

.950.1

6Me

tLife

2508

.1725

36.01

1996

.6411

59.54

492.7

120

5.99

81.53

28.73

7.91

0.48

Re

lianc

e 65

71.15

6604

.9049

32.54

3225

.4410

04.66

224.2

110

6.55

31.06

6.47

0.28

Sa

hara

243.4

125

0.59

206.4

714

3.49

51.00

27.66

1.74

SBI L

ife12

911.6

410

104.0

372

12.10

5622

.1429

28.49

1075

.3260

1.18

225.6

772

.3914

.69

Shrir

am82

1.52

611.2

743

6.17

358.0

518

4.17

10.33

St

ar U

nion D

ai-ich

i93

3.31

530.3

750

.19

TA

TA A

IG39

85.22

3493

.7827

47.50

2046

.3513

67.18

880.1

949

7.04

253.5

381

.2121

.14

Priva

te To

tal

8813

1.60

7936

9.94

6449

7.43

5156

1.42

2825

3.00

1508

3.54

7727

.5131

20.33

1119

.0627

2.55

6.45

(11.04

)(2

3.06)

(25.0

9)(8

2.50)

(87.3

1)(9

5.19)

(147

.65)

(178

.83)

(310

.59)

(412

4.31)

Indu

stry

Tota

l29

1605

.0026

5447

.2522

1785

.4720

1351

.4115

6075

.8410

5875

.7682

854.8

066

653.7

555

747.5

550

094.4

634

898.4

7(9

.85)

(19.6

9)(1

0.15)

(29.0

1)(4

7.41)

(27.7

8)(2

4.31)

(19.5

6)(11

.28)

(43.5

4)

in

dicate

s the

comp

any h

as no

t star

ted its

oper

ation

.No

te: F

igure

in br

acke

t indic

ates t

he gr

owth

over

the p

revio

us ye

ar in

per c

ent.

26


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

mbe

r of P

olici

es Is

sued

Amou

nt o

f Pre

miu

m20

10-11

2009

-10

2008

-09

2007

-08

2006

-07

2010

-1120

09-1

020

08-0

920

07-0

820

06-0

7

Indi

vidua

l Age

nts

4158

1811

4503

6904

4346

0589

4475

2611

4230

1907

6566

5.52

6528

9.25

5532

7.54

6651

5.43

5460

5.30

(86.4

4)(8

6.44)

(85.3

8)(8

8.01)

(93.1

5)(7

8.95)

(79.6

1)(7

9.57)

(83.7

5)(9

0.46)

Corp

orat

e Age

nts-

Bank

s19

3656

220

8454

318

9645

716

9361

014

2691

911

062.6

386

88.68

6737

.3863

29.22

3363

.17(4

.03)

(3.92

)(3

.73)

(3.33

)(3

.14)

(13.3

0)(1

0.60)

(9.69

)(7

.97)

(5.57

)

Corp

orat

e Age

nts-

Oth

ers*

2988

481

3819

790

2798

776

2599

723

1284

785

2957

.7535

10.76

3380

.5434

61.89

1825

.89(6

.21)

(7.18

)(5

.50)

(5.11

)(2

.83)

(3.56

)(4

.28)

(4.86

)(4

.36)

(3.02

)

Brok

ers

5113

8843

9396

3062

7722

7403

2591

7714

71.80

1128

.5077

3.62

473.7

333

1.63

(1.06

)(0

.83)

(0.60

)(0

.45)

(0.57

)(1

.77)

(1.38

)(1

.11)

(0.60

)(0

.55)

Dire

ct S

ellin

g10

8842

618

1455

824

4277

215

7384

913

9077

2016

.3233

89.85

3310

.3326

42.71

235.3

3(2

.26)

(3.41

)(4

.80)

(3.10

)(0

.31)

(2.42

)(4

.13)

(4.76

)(3

.33)

(0.39

)

TOTA

L48

1066

6853

1951

9150

9048

7150

8471

9645

4118

6583

174.0

382

007.0

569

529.4

179

422.9

760

361.3

2(1

00.00

)(1

00.00

)(1

00.00

)(1

00.00

)(1

00.00

)(1

00.00

)(1

00.00

)(1

00.00

)(1

00.00

)(1

00.00

)

Refe

rrals

5487

7212

3207

919

5210

213

4939

871

5933

835.9

125

67.61

2714

.8123

45.63

1256

.51(1

.14)

(2.32

)(3

.83)

(2.65

)(1

.55)

(1.01

)(3

.13)

(3.90

)(2

.95)

(2.04

)

* 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 first

year

prem

ium an

d sing

le pr

emium

.

3) F

igure

s in b

rack

et sh

ow pe

rcenta

ge to

total

indiv

idual

new

busin

ess p

rocu

red t

hrou

gh re

spec

tive c

hann

els.

27


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 (Pr

emium

in `

Cro

re)

Parti

cular

sNu

mber

of Sc

heme

sNu

mber

of Liv

es C

overe

dAm

ount

of Pr

emium

2010

-1120

09-10

2008

-0920

07-08

2006

-0720

10-11

2009

-1020

08-09

2007

-0820

06-07

2010

-1120

09-10

2008

-0920

07-08

2006

-07

Indivi

dual

Agen

ts51

1236

3638

8240

8249

3435

632

8996

036

2805

100

5236

297

2738

424

28.39

1617

.1215

56.76

1095

.285.6

3(16

.71)

(12.69

)(15

.68)

(16.42

)(0.

18)

(4.13

)(11

.15)

(5.30

)(15

.16)

(0.13

)(5.

63)

(5.81

)(8.

96)

(7.68

)(0.

04)

Corp

orate

Age

nts-B

anks

1834

444

1358

765

275

4651

600

1181

334

2246

435

1767

953

1479

025

1328

.6159

9.57

569.1

949

2.69

326.9

8(5.

99)

(1.55

)(5.

48)

(3.08

)(1.

19)

(5.59

)(1.

46)

(4.25

)(5.

12)

(7.40

)(3.

08)

(2.15

)(3.

28)

(3.46

)(2.

33)

Corp

orate

Age

nts- O

thers*

671

1891

132

278

867

3537

465

3925

053

6188

6742

1246

7838

318.9

240

1.73

130.7

440

.833.1

7(2.

19)

(6.60

)(0.

53)

(1.12

)(0.

03)

(8.09

)(8.

10)

(1.01

)(1.

95)

(2.34

)(0.

74)

(1.44

)(0.

75)

(0.29

)(0.

02)

Brok

ers12

6610

7254

146

226

146

5741

749

2693

364

3499

7208

1649

2044

213.5

434

7.90

83.72

99.55

31.01

(4.14

)(3.

74)

(2.18

)(1.

86)

(1.09

)(5.

60)

(6.11

)(1.

22)

(2.09

)(2.

46)

(0.49

)(1.

25)

(0.48

)(0.

70)

(0.21

)

Direc

t Sell

ing21

713

2161

218

851

1927

122

507

6375

2022

5904

9732

4664

9328

2614

9338

1735

8013

3886

9.75

2487

2.06

1502

9.91

1253

1.47

1361

1.19

(70.97

)(75

.42)

(76.12

)(77

.52)

(97.50

)(76

.60)

(73.18

)(88

.22)

(75.69

)(87

.36)

(76.60

)(89

.34)

(86.53

)(87

.88)

(97.39

)

TOTA

L30

596

2865

524

764

2485

823

102

8323

2045

8069

3285

5288

0550

3454

8616

1982

4304

4315

9.21

2783

8.37

1737

0.32

1425

9.83

1397

9.49

(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)

Refer

rals

313

2

231

9262

5374

6.00

4771

2183

6291

339

.2342

.2915

.831.6

41.5

0(0.

01)

(0.05

)

(0.01

)(0.

01)

(0.38

)(0.

07)

(0.01

)(0.

01)

(0.31

)(0.

09)

(0.15

)(0.

09)

(0.01

)(0.

01)

*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 first

year

prem

ium an

d sing

le pr

emium

.

3) F

igure

s in b

rack

et sh

ow pe

rcenta

ge to

total

indiv

idual

new

busin

ess p

rocu

red t

hrou

gh re

spec

tive c

hann

els.

28


TABLE 6: STATE WISE INDIVIDUAL NEW BUSINESS* UNDERWRITTEN (LIFE INSURANCE)

(Policies in Numbers) (Premium in ` Crore)

State / Union Territory

2010-11 2009-10 2008-09 2007-08 2006-07

Policies Premium Policies Premium Policies Premium Policies Premium Policies Premium

andhra Pradesh 4134985 5935.93 5033973 5572.37 4661915 4912.54 4705896 5707.75 4590505 5150.05Arunachal Pradesh 14250 39.51 21475 40.74 14774 26.30 13682 32.44 11778 16.67Assam 1013067 1379.42 1147104 1392.92 1068332 1090.30 986682 1152.23 940729 970.26Bihar 2541171 2459.16 2874562 2768.78 2551196 2235.68 2333424 2267.62 2015894 1795.18Chattisgarh 728889 749.54 735256 718.33 746858 585.12 495942 711.6 910886 1010.89Goa 143937 433.40 121306 431.96 152811 366.76 153612 324.12 120666 194.58Gujarat 2464183 5623.17 2508343 5286.79 2938482 4686.39 2703402 4398.88 2399812 3493.73Haryana 802421 1634.80 964886 1485.97 802335 1285.51 830714 1675.68 864779 1555.91Himachal Pradesh 419388 879.75 571106 959.56 418696 690.05 436029 977.46 332171 810.59Jammu & Kashmir 246749 620.93 312365 592.89 202105 436.57 271996 620.85 223881 495.92Jharkhand 872659 1486.40 1046319 1454.22 1014194 1227.13 984865 1285.94 905158 995.87Karnataka 3185958 4818.71 3385546 4714.64 3374040 4238.31 3554507 5007.13 3240376 3703.85Kerala 2193836 4645.81 2435371 4635.06 2513726 4073.22 2667048 6347.4 2038410 3913.36Madhya Pradesh 1966708 3200.27 2044796 3172.47 2029821 2552.70 1784882 2609.67 2006889 2346.94Maharashtra 5628117 12570.95 5471792 12476.44 6034206 10929.95 6643175 11257.38 5482681 7189.75Manipur 92004 109.66 82840 108.12 83361 69.75 55048 96.72 40891 53.36Meghalaya 27011 89.36 27639 84.53 32044 76.62 28561 84.09 22661 45.35Mizoram 6620 37.74 9418 48.14 10905 60.21 11296 53.42 8316 50.98Nagaland 19707 54.85 33066 72.56 30064 47.55 23498 43.22 23932 45.41orissa 1611715 2021.38 1826498 2061.39 1607331 1653.33 1630089 1917.20 1348973 1302.23Punjab 1138228 2447.18 1404191 2543.22 1304873 2351.72 1193593 3119.18 940184 2340.48Rajasthan 2251502 3295.1 2612195 3371.59 2121980 2694.09 2077792 3397.49 2112791 3237.61Sikkim 17618 48.43 19893 38.58 21198 35.53 21987 58.81 23544 51.73Tamil Nadu 3429971 6568.47 3892855 6032.66 3896649 5315.17 4754322 8294.8 3827785 5614.57Tripura 132017 238.88 133017 224.08 108267 161.15 123237 194.85 127669 141.07Uttar Pradesh 5132460 7685.31 6176057 7601.30 5301049 5981.39 5395340 6853.05 5021447 5922.41UttraKhand 576776 963.77 678103 885.38 510583 612.69 523911 679.18 507404 611.54West Bengal 5467384 7662.28 5697386 7655.61 5404180 5730.76 4465811 5315.71 3831294 3716.55andaman & Nicobar 17466 31.90 23331 70.42 23104 49.21 28420 48.87 31474 48.76Chandigarh 198953 723.72 134611 723.26 118764 756.65 120840 864.99 316003 853.61Dadra & Nagra Haveli 2156 4.94 1393 3.98 1157 8.69 932 1.52 313 0.64Daman & Diu 4897 28.03 3086 112.22 6641 262.37 6689 10.23 4944 6.07Delhi 1565792 4561.31 1705367 4572.54 1748045 4214.90 1749006 3903.92 1810466 3876.06Lakshadweep 247 0.56 257 0.96 525 1.07 252 3.47 245 0.07Puducherry 57825 123.41 59788 93.38 50660 110.03 70716 106.12 42846 55.79ALL INDIA 48106668 83174.03 53195191 82007.05 50904871 69529.41 50847196 79422.97 46127798 61617.83

* New Business Premium includes first year premium and single premium.

29


TABLE 7: LIFE INSURERS: NUMBER OF NEW POLICIES ISSUED (in Lakhs)

INSURERS 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03

LIC 370.38 388.63 359.13 376.13 382.29 315.91 239.78 269.68 245.46(-4.70) (8.21) (-4.52) (-1.61) (21.01) (31.75) (-11.09) (9.87) (96.75)

Private Sector 111.14 143.62 150.11 132.62 79.22 38.71 22.33 16.59 8.25(-22.61) (-4.32) (13.19) (67.40) (104.64) (73.37) (34.62) (101.05) (3.25)

Total 481.52 532.25 509.23 508.74 461.52 354.62 262.11 286.27 253.71(-9.53) (4.52) (0.10) (10.23) (30.14) (35.29) ( 8.44) (12.83)

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

30


BLE

8: I

ND

IVID

UA

L B

USI

NES

S (W

ITH

IN IN

DIA

) B

USI

NES

S IN

FO

RC

E (N

UM

BER

OF

POLI

CIE

S)

(Poli

cies i

n '00

0)

Parti

cular

sBa

jaj A

llianz

Relia

nce

Aviva

2010

-1120

09-10

2008

-0920

07-08

2006

-0720

05-06

2010

-1120

09-10

2008

-0920

07-08

2006

-0720

05-06

2010

-1120

09-10

2008

-0920

07-08

2006

-0720

05-06

Life

Bus

ines

sBu

sines

s in f

orce

at st

art o

f the

finan

cial y

ear

941

721

540

511

395

248

600

234

220

189

7748

6262

4851

3423

Addit

ions d

uring

the y

ear*

1036

334

259

122

196

215

1547

450

106

7716

247

124

3746

3741

29De

letion

s dur

ing th

e yea

r**15

711

478

9280

6820

884

9246

4918

3438

3340

2419

Busin

ess i

n for

ce at

end o

f the

finan

cial y

ear

1820

941

721

540

511

395

1939

600

234

220

189

7715

262

6248

5134

Gene

ral A

nnui

ty an

d Pe

nsio

n Bu

sines

s

Busin

ess i

n for

ce at

star

t of th

e fin

ancia

l yea

r6.9

6.76.6

6.56.0

6.50.0

0.30.1

Addit

ions d

uring

the y

ear*

1.30.7

0.50.4

0.00.6

14.6

0.00.7

0.30.1

Delet

ions d

uring

the y

ear**

0.40.5

0.50.2

0.00.7

0.70.0

0.00.1

0.0Bu

sines

s in f

orce

at en

d of th

e fin

ancia

l yea

r7.8

6.96.6

6.66.0

6.413

.90.0

1.00.3

0.1

Non

linke

d He

alth

Busin

ess

Busin

ess i

n for

ce at

end o

f the

finan

cial y

ear

6982

9330

018

320

Link

ed B

usin

ess #

Busin

ess i

n for

ce at

end o

f the

finan

cial y

ear

6690

7248

6721

5608

2458

710

3262

3981

3015

1203

326

4871

192

282

468

443

822

6

Link

ed H

ealth

Bus

ines

s

Busin

ess i

n for

ce at

end o

f the

finan

cial y

ear

4652

63

Gran

d To

tal

Busin

ess i

n for

ce at

end o

f the

finan

cial y

ear

8587

8277

7542

6184

3653

1112

5279

4633

3313

1454

803

125

864

983

886

732

587

259

* Inc

ludes

New

Poli

cies i

ssue

d, Ol

d Poli

cies r

einsta

ted/re

vived

.**

Includ

es po

licy t

ermi

natio

ns by

death

, matu

rity, la

pse,

surre

nder

s or c

ance

llatio

ns.

# Exc

luding

linke

d Hea

lth B

usine

ss, if

any.

Sour

ce: A

ctuar

ial R

epor

t and

Abs

tract

as on

31.03

.2011

31


BLE

8: I

ND

IVID

UA

L B

USI

NES

S (W

ITH

IN IN

DIA

) B

USI

NES

S IN

FO

RC

E (N

UM

BER

OF

POLI

CIE

S) (C

ontd

.)(P

olicie

s in '

000)

Parti

cular

sBi

rla S

un L

ifeHD

FC S

tand

ard

ICIC

I Pru

dent

ial

2010

-1120

09-10

2008

-0920

07-08

2006

-0720

05-06

2010

-1120

09-10

2008

-0920

07-08

2006

-0720

05-06

2010

-1120

09-10

2008

-0920

07-08

2006

-0720

05-06

Life

Bus

ines

sBu

sines

s in f

orce

at st

art o

f the

finan

cial y

ear

993

676

325

234

159

102

1497

1244

996

752

590

410

972

1312

1037

734

473

374

Addit

ions d

uring

the y

ear*

649

739

458

158

109

7331

442

736

831

719

822

262

052

391

370

642

623

7De

letion

s dur

ing th

e yea

r**79

042

110

766

3416

214

174

120

7336

4250

286

363

740

316

513

8Bu

sines

s in f

orce

at en

d of th

e fin

ancia

l yea

r85

299

367

632

523

415

915

9814

9712

4499

675

259

010

9097

213

1310

3773

447

3

Gene

ral A

nnui

ty an

d Pe

nsio

n Bu

sines

s

Busin

ess i

n for

ce at

star

t of th

e fin

ancia

l yea

r0.1

0.00.0

0.00.0

79.9

79.1

74.5

73.6

73.0

72.6

57.3

56.8

54.9

52.9

50.0

50.5

Addit

ions d

uring

the y

ear*

0.90.2

0.09.2

13.1

20.0

7.14.0

3.53.3

2.64.1

4.65.0

1.1De

letion

s dur

ing th

e yea

r**0.1

0.00.0

8.012

.315

.46.3

3.03.4

1.82.1

2.22.6

2.01.3

Busin

ess i

n for

ce at

end o

f the

finan

cial y

ear

1.00.1

0.00.0

0.081

.279

.979

.174

.574

.072

.658

.857

.356

.854

.953

.050

.3

Non

linke

d He

alth

Busin

ess

Busin

ess i

n for

ce at

end o

f the

finan

cial y

ear

68

1015

1766

115

217

227

932

Link

ed B

usin

ess #

Busin

ess i

n for

ce at

end o

f the

finan

cial y

ear

2130

2305

1737

1076

713

448

1894

1667

1404

1028

520

233

4945

5089

4826

4036

2407

1238

Link

ed H

ealth

Bus

ines

s

Busin

ess i

n for

ce at

end o

f the

finan

cial y

ear

76

092

8837

Gran

d To

tal

Busin

ess i

n for

ce at

end o

f the

finan

cial y

ear

2997

3312

2423

1401

1249

607

3588

3244

2744

2098

2249

896

6251

6321

6449

5355

4408

1764

* Inc

ludes

New

Poli

cies i

ssue

d, Ol

d Poli

cies r

einsta

ted/re

vived

.**

Includ

es po

licy t

ermi

natio

ns by

death

, matu

rity, la

pse,

surre

nder

s or c

ance

llatio

ns.

# Exc

luding

linke

d Hea

lth B

usine

ss, if

any.

Sour

ce: A

ctuar

ial R

epor

t and

Abs

tract

as on

31.03

.2011

32


BLE

8: I

ND

IVID

UA

L B

USI

NES

S (W

ITH

IN IN

DIA

) B

USI

NES

S IN

FO

RC

E (N

UM

BER

OF

POLI

CIE

S) (C

ontd

.)(P

olicie

s in '

000)

Parti

cular

sKo

tak M

ahin

dra

SBI L

ifeTa

ta A

IG

2010

-1120

09-10

2008

-0920

07-08

2006

-0720

05-06

2010

-1120

09-10

2008

-0920

07-08

2006

-0720

05-06

2010

-1120

09-10

2008

-0920

07-08

2006

-0720

05-06

Life

Bus

ines

sBu

sines

s in f

orce

at st

art o

f the

finan

cial y

ear

163

157

149

123

108

9757

948

942

041

135

220

074

071

057

956

745

332

9

Addit

ions d

uring

the y

ear*

135

3442

5337

3928

914

712

294

148

186

314

288

264

208

243

205

Delet

ions d

uring

the y

ear**

3228

3527

2227

7957

5385

8935

235

258

132

196

129

81Bu

sines

s in f

orce

at en

d of th

e fin

ancia

l yea

r26

516

315

714

912

310

878

957

948

942

041

135

281

974

071

057

956

745

3

Gene

ral A

nnui

ty an

d Pe

nsio

n Bu

sines

s

Busin

ess i

n for

ce at

star

t of th

e fin

ancia

l yea

r5.9

6.06.1

6.16.0

6.713

3.212

2.591

.876

.964

.054

.019

.319

.921

.021

.822

.017

.7

Addit

ions d

uring

the y

ear*

1.00.4

0.20.2

0.215

.419

.441

.923

.214

.010

.71.1

0.50.7

1.53.0

7.4De

letion

s dur

ing th

e yea

r**0.4

0.40.4

0.40.4

9.88.7

11.2

8.42.0

0.10.7

1.11.7

2.43.0

2.8Bu

sines

s in f

orce

at en

d of th

e fin

ancia

l yea

r6.5

5.96.0

5.96.0

6.513

8.813

3.212

2.591

.877

.064

.519

.719

.319

.921

.022

.022

.3

Non

linke

d He

alth

Busin

ess

Busin

Documents

NEW Final cover for print CC - irdai.gov.in€¦ · 48 Incurred Claims Ratio ... Market share of LIC (based on Total Premium) FY in Percent 99.98 99.46 97.99 95.32 90.67 85.75 81.90