IRDA Handbook 2010-11 Full Report

HANDBOOK ON INDIAN INSURANCE STATISTICS 2010-11

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY INDIA

Head Office 3rd Floor, Parishram Bhavan Basheerbagh, Hyderabad 500 004 INDIA. Phone : +91-40-2338 1100 / 1300 Fax : +91-40-6682 3334

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

Delhi Office Gate No. 3, 1st Floor, Jeevan Tara Parliament Street, New Delhi 110 001 INDIA. Phone : +91-11-2374 7648 Fax : +91-11-2374 7650

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yeercee efJeefveeeceke Deewj efJekeeme HeeefOekejCeINSURANCE REGULATORY AND DEVELOPMENT AUTHORITY

J. Hari NarayanChairman

FOREWORDComprehensive, 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: Hyderabad Date: 30.03.2012

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

Parishram Bhavan, 3rd Floor, Basheer Bagh, Hyderabad - 500 004. INDIA Ph.: +91-40-66820957, Fax : 91-40-66823334 E-mail: [email protected] Web.: www.irdaindia.org

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CONTENTSSI. No. A B C D Particulars Page No.

Life Insurance Sector Non-Life Insurance Sector International Comparison of Insurance Penetration International Comparison of Insurance Density

SUMMARY

3-4 5 6-7 8-9

CHARTS1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Life Insurance Number of Insurers Region wise Distribution of Offices Number of New Policies Issued Total Life Insurance Premium Channel wise New Business Premium (Individual + Group) Equity Share Capital Assets Under Management Profitability of Sector Non-Life Insurance Number of Insurers Number of Policies Issued Gross Direct Premium Segment wise Net Premium Income Earned Equity Share Capital Share of each fund in Total Assets Under Management Profitability of Sector Incurred Claim Ratio 13 13 14 14 15 15 16 16 17 17 18 18 19 19 20 20

TABLESPART-I LIFE INSURANCE1 2 3 4 5 6 7 Life Insurance Companies Operating in India First Year Life Insurance Premium Total Life Insurance Premium Individual New Business Performance of Life Insurers - Channel Wise Group New Business Performance of Life Insurers - Channel Wise State Wise Individual New Business Underwritten Number of New Policies Issued 23 24 25 26 27 28

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SI. No. 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38

Particulars Individual Business (Within India) - Business in Force (Number of Policies) Individual Business (Within India) - Business in Force (Sum Assured) Linked and Non - Linked Premium of Life Insurers Linked and Non - Linked Commission of Life Insurers Individual Death Claims Group Death Claims Duration Wise Settlement of Death Claims - Individual Category Duration Wise Settlement of Death Claims - Group Category Assets Under Management of Life Insurers Equity Share Capital of Life Insurers Solvency Ratio of Life Insurers Life Insurers - Policyholders Account Life Insurers - Shareholders Account Life Insurers - Balance Sheet Life Insurance Corporation of India - Policyholders Account (Non-Participating) Life Insurance Corporation of India - Shareholders Account (Non-Participating) Life Insurance Corporation of India - Balance Sheet (Non-Participating) Individual Business - Details of Forfeiture/Lapsed Policies in Respect of Non-Linked Business Number of Individual Agents of Life Insurers Number of Corporate Agents of Life Insurers State Wise Distribution of Offices of Life Insurers Region Wise Distribution of Offices of Life Insurers State Wise Distribution of Individual Agents New Business Under Micro Insurance Portfolio Death Claims Under Micro Insurance Portfolio - Individual Category Death Claims Under Micro Insurance Portfolio - Group Category Duration Wise Settlement of Claims- Micro Insurance - Individual Category Duration Wise Settlement of Claims- Micro Insurance Claims - Group Category Company Wise Number of Micro-Insurance Agents Status of Grievances - Life Insurance Performance of Ombudsmen at different centers - Life Insurance

Page No. 29-37 38-50 51-53 54 55 56 57-62 63-67 68 69 70 71-85 86-99 100-111 112 113 114 115 116 117 118-122 123 124-132 133 134-135 136-137 138-139 140 141 142 143

PART-II NON-LIFE INSURANCE39 40 41 42 Non-Life Insurance Companies Operating in India Gross Direct Premium of Non-Life Insurance (Within & Outside India) Segment Wise Gross Direct Premium of Non-Life Insurers (Within India) Segment Wise Net Premium Income in India (Earned) 147 148 149-153 154-158

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SI. No. 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78

Particulars Health Insurance: Premium and Number of Persons Covered Channel Wise Gross Direct Premium of Non Life Insurers State Wise Gross Direct Premium Income Number of New Policies Issued : Non-Life Insurers Net Retentions of Non Life Insurers Incurred Claims Ratio - Public & Private Sector Non-Life Insurers Health Insurance: Details of Claims Paid and Incurred Claims Ratio Underwriting Experience and Profits of Public Sector Companies Underwriting Experience and Profits of Private Sector Companies Assets Under Management of Non-Life Insurers Equity Share Capital of Non-Life Insurers Solvency Ratio of Non-Life Insurers Public Sector Non-Life Insurers - Policyholders Account Public Sector Non Life Insurers - Shareholders Account Public Sector Non-Life Insurers - Balance Sheet Private Sector Non-Life Insurers - Policyholders Account Private Sector Non-Life Insurers - Shareholders Account Private Sector Non-Life Insurers - Balance ShWWeet Health Insurers - Policyholders Account Health Insurers - Shareholders Account Health Insurers - Balance Sheet Export Credit Guarantee Corporation Ltd. (ECGC) - Policyholders Account Export Credit Guarantee Corporation Ltd.(ECGC) - Shareholder Account Export Credit Guarantee Corporation Ltd. (ECGC) Balance Sheet Agriculture Insurance Company of India Ltd. (AIC) - Policyholders Account Agriculture Insurance Company of India Ltd. (AIC) - Shareholders Account Agriculture Insurance Company of India Ltd. (AIC) Balance Sheet General Insurance Corporation (GIC) - Policyholders Account General Insurance Corporation (GIC) - Shareholders Account General Insurance Corporation (GIC) Balance Sheet State Wise Number of Offices of Non-Life Insurers State Wise Number of Registered Brokers Third Party Administration Number of Claims Received & Duration Wise Settlement of Claims Status of Grievances - Non-Life Insurers Performance of Ombudsmen at different centers - Non-Life Insurance Performance of Ombudsmen at different centers - Life and Non-Life Insurance Combined

Page No. 159 160 161-162 163 164 165-178 179 180-184 185-193 194 195 196 197-212 213-217 218-222 223-252 253-261 262-270 271 272 273 274 275 276 277 278 279 280 281 282 283-284 285 286-290 291-292 293-294 295-296

iii


SUMMARY

A. LIFE INSURANCE SECTORRemarks Unit 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

Particulars

PROFILE As on 31st March As on 31st March Calender Year Calender Year US $ 9.10 11.70 12.90 15.70 18.30 33.20 40.40 41.20 in percent 2.15 2.59 2.26 2.53 2.53 4.10 4.00 4.00 4.60 47.70 Nos. 2199 2306 2445 2612 3001 3865 5373 8913 11815 12018 Nos. 5 12 13 13 14 15 16 18 22 23 23 11546 4.40 55.70

No of companies

No of branch offices

Insurance penetration

Insurance density

BUSINESS FIGURES As on 31st March FY (` Crore) (` Crore) in Percent In Thousands (` Crore) 193601 1554045 99.98 99.46 97.99 95.32 90.67 85.75 34898 50094 55748 66654 82855 105876 156076 81.90 451963 3857531 FY FY As on 31st March FY 9707 19857 16942 19788 26218 38786 75649 93713 201351 74.39 257911 2396646 in Lakhs 253.71 286.27 262.11 354.62 461.52 508.74 509.23 87331 221785 70.92 291618 2913703 532.25 109894 265447 70.10 318927 3338541 481.52 126381 291605 69.78 329187 3856219

Number of new policies issued

First year premium (Including single premium)

Total Premium

Market share of LIC (based on Total Premium)

Individual Business in Force (Number of policies)


3As on 31st March As on 31st March FY (` Lakh) (` Lakh) 467417 FY 456691 515273 545115 Nos. 275 757 Nos. 476902 1038802 1556817 2436 615838 642483 481250 819 709861 821560 FY FY FY (` Crore) (` Crore) (` Lakh) 1747952 2054522 2399357 2875133 FY FY No of Lives No. of policices

Individual Business in Force (Sum Assured)

INTERMEDIARIES 1423839 216 863548 961105 1993199 656 1226864 1358584 2520492 2415 1468058 2030673 2937435 2506 1549598 2583190 3742439 2930 1803559 2890628 2639392 2165 1828029 3294230

No of individual agents

No of corporate agents

Commission paid

Operating Expenses related to Insurance Business

POLICYHOLDERS' SERVICES 577322 162837 4625.95 1114.31 3520986 5571501 6168637 640620 264138 5279.02 1383.04 5837029 762435 309151 6541.04 1678.77 9556491 851534 436201 8286.40 2118.01 14215045

No of claims submitted (Individual)

No of claims submitted (Group)

Amount Claimed (Individual)

Amount Claimed (Group)

Total Benefit Paid

A. LIFE INSURANCE SECTOR (Concld.)Remarks FY FY FY FY FY FY FY (` Crore) (` Crore) (` Crore) (` Crore) (` Crore) (` Crore) (` Crore) In Lakhs In Lakhs In Lakhs In Lakhs In Lakhs In Lakhs In Lakhs Nos. Nos. Nos. Nos. Nos. (` Crore) (` Crore) 194010 230369 229649 30638 307309 43627 366220 54705 397189 64074 549 1347 2159 1318 5373 465555 71575 423.29 29.06 17.53 7.51 174.97 660.15 7.79 499.89 34.62 32.74 9.48 277.23 853.96 13.52 939 1637 3540 2797 8913 541630 91262 462.66 41.43 33.35 9.50 490.92 1037.85 19.57 1265 2123 4513 3914 11815 629650 113952 540.33 32.66 103.59 53.66 608.64 1338.88 12.86 1244 2105 4530 4139 19575 731291 143627 FY FY FY FY FY FY FY 54611 3690 1829 363 13847 75597 1258 67611 6822 3503 573 15174 93683 2347 56884 7307 3511 857 18340 86900 2731 66906 9288 3912 1476 28262 109845 2610 68094 12391 3277 1685 40886 126333 875 450.17 65.88 97.24 51.69 648.40 1313.39 8.68 1132 1988 4668 3758 11546 841075 189927 Unit 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

Particulars

Channel Wise-New Businesss (Amount of Premium)-Individual plus Group

Individual agents Corporate agents-Banks Corporate agents-Others Brokers Direct selling Total Referrals

Channel Wise-New Business (No. of Lives Covered)-Individual plus Group

Individual agents Corporate agents-Banks Corporate agents-Others Brokers Direct selling Total Referrals


4As on 31st March As on 31st March As on 31st March As on 31st March As on 31st March As on 31st March As on 31st March As on 31st March (` Crore) (` Crore) (` Lakh) (` Lakh) (` Crore) 194010 Nos. Nos. 1967 2481 FY FY 519 3404 1433 4893

Region Wise distribution of offices Metro As on 31st March Urban As on 31st March Semi-Urban As on 31st March Others As on 31st March

Total

Assets Under Management

Life Fund Pension & General Annuity & Group fund Unit ULIP Fund Total Fund Income from Investments Profit / (Loss) after tax Equity Capital

266 1688 7527 25888 67050 133077 172763 337540 399116 230369 260552 352625 428452 487151 604180 765969 916365 1212458 1430118 2385532 2607813 2998481 3671478 4284632 4813388 6251328 3189534 15467386 12053585 -41456 -16483 -45242 -115960 -341281 -488301 -98882 265704 29115 59398 11064 1669 2234 3244 4353 5892 8124 12296 18255 21020 23662 2516 4980 861 5433 2057 5565 1794 5753 2449 8967 9565 11017

REDRESSEL OF CONSUMER GRIEVANCES

No of grievances reported during the year No. of complaints reported with the Ombudsmen at difference centres

B. NON-LIFE INSURANCE SECTORRemarks As on 31st March Calender Year Calender Year FY FY 12385 96.22 90.92 86.35 81.00 74.87 66.60 61.48 59.74 In Per cent In Lakhs (` Crore) 436 14870 417 16542 498 18456 511 21339 467 25930 573 28806 671 31428 675 35816 59.20 Nos. In percent US $ 9 12 0.56 2.4 14 0.67 3.0 15 0.62 3.5 15 0.64 4.0 15 0.61 4.4 16 0.60 5.2 19 0.60 6.2 21 0.60 6.2 25 0.60 6.7 25 0.70 8.7 793 43842 58.22 Unit 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

Particulars

PROFILE

No of companies (incl reinsurer) Insurance penetration Insurance density

BUSINESS FIGURES

Number of new policies issued Gross Direct Premium (Within & Outside India) Market share of PSUs (Excluding GIC, AIC & ECGC) FY FY FY FY FY FY (` Lakh) (` Lakh) (` Lakh) (` Lakh) (` Lakh) (` Lakh) 206436 266739 98515 1105340 295478 121519 315005 111754 333092 122810

Segment Wise Gross Direct Premium (Within India ) 377453 413238 345921 338468 386927 455512 128409 162784 32857 195615 216759 251877 873338 1069666 1268525 1333602 1504699 1818052 222075 331929 489442 608800 731137 994403 675744 772485 973695 1132722 1292158 434697 512929 498604 558698 622522 737801 980695 1144582 1390692 1559481 1748060 2035972 2490549 2788134 3035183 3462045 4257645

Fire Marine Motor Health Others Total


523.35 34.31 22.00 65.93 27.18 81.89 In Per Cent In Per Cent In Per Cent In Per Cent In Per Cent In Per Cent (` Crore) (` Lakh) (` Crore) 24462 38442 (5319) 225842 (2554) 1514 (1358) (` Lakh) (` Lakh) (` Lakh) (` Lakh) (` Lakh) Nos. Nos. 22.46 23.03 23400 (26646) 1517 (2420) 268069 (57594) 78077 (7210) 54.79 52.06 30334 63191 1723 8634 308449 10696 91224 68064 53.03 50.97 34075 142536 2149 11075 420346 46452 126067 141100 FY FY 2969 3898 4311

Net Retentions of Non-Life Insurers Fire Marine Cargo Marine Hull Engineering Motor Aviation Miscellaneous Total- All Segments Incurred Claims Ratio FY FY FY FY FY FY FY FY 37.91 87.82 50.76 51.16 37412 129350 2299 30384 440489 87824 142246 153811 In Per Cent In Per Cent In Per Cent In Per Cent In Per Cent In Per Cent In Per Cent In Per Cent 80.5 89.5 26.7 81.3 99.0 26.0 94.7 87.9 76.0 85.1 25.6 75.8 99.6 23.5 88.4 86.5

85.8 91.8 39.8 91.6 100.0 48.5 94.5 92.6 52.72 107.71 52.35 68.03 42332 147366 2784 40078 520001 38922 192612 174723

65.7 77.1 18.3 72.9 96.2 21.9 89.6 83.4 43.92 112.57 64.28 103.42 47.11 68.02 50383 313711 3056 25233 541293 205785 211079 355134

75.7 84.4 20.0 77.5 100.0 24.2 97.1 91.3 50.69 100.32 71.95 94.81 46.1 72.23 56280 224932 3661

77.4 88.6 31.3 71.3 100.0 23.7 97.0 94.5 74.97 109.02 75.64 85.33 59.11 76.84 58893 39707 4400

74.0 85.4 23.3 68.9 100.0 25.6 91.4 90.3

65.4 79.2 25.1 70.2 98.9 37.5 90.6 88.2 72.79 75.16 86.40 82.12 80.42 93.70 92.22 85.15 56.81 49.76 80.79 86.9 66372 82520 120451 (101894) 5255 6276 61750 104660 119879 131763 632209 760976 874600 1116319 135774 (104451) (104774) (340340) 260384 226494 277048 318973 286300 84212 117061 (74128)

Fire FY Marine FY Motor FY Health FY Miscellaneous FY Total- All Segments FY Assets Under Management As on 31st March Underwriting Profit/Loss FY Equity Share Capital (Including specialised As on 31st March insurers but excluding GIC) Commission expenses FY Operating expenses realted to Insurance business FY Operating profit/(Loss) FY Income from investments FY Profit after tax (Industry Total) FY

REDRESSEL OF CONSUMER GRIEVANCES No of grievances reported during the year No. of complaints reported with the Ombudsmen at difference centres

4534

4094

4756

2229 5300

2202 5640

2076 7097

5274 10048

C: INTERNATIONAL COMPARISON OF INSURANCE PENETRATION*(In Per cent) 2010 Life 3.10 1.60 7.40 3.50 0.00 12.00 5.50 9.50 3.50 4.50 8.00 3.50 4.50 8.70 4.10 4.60 8.90 2.90 12.90 10.00 3.00 15.70 12.80 2.90 15.70 4.40 9.80 5.40 4.50 9.90 5.50 4.40 10.30 5.70 12.60 4.20 2.80 12.90 10.00 2.90 15.30 12.50 2.90 15.30 12.50 2.30 2.50 0.00 2.50 2.30 0.00 2.30 2.40 0.10 2.40 2.80 4.60 3.00 4.70 3.70 7.00 3.30 3.70 6.60 3.00 3.50 6.60 3.10 3.60 3.10 10.30 7.20 3.10 9.20 6.20 3.00 10.30 7.30 3.00 11.00 6.70 2.30 16.00 11.00 16.50 8.80 1.50 3.10 1.60 1.50 3.00 1.40 1.60 3.00 1.40 1.60 2.80 2.80 6.40 3.40 3.00 7.30 4.40 2.90 6.80 3.80 3.00 7.00 3.80 1.30 7.90 3.10 0.10 13.00 6.20 13.10 4.00 Non-Life Total Life Non-Life Total Life Non-Life Total Life Non-Life Total Life 2009 2008 2007 2006 Non-Life 3.20 1.60 3.10 3.60 2.30 3.00 4.90 3.40 4.80

Countries

Total

Australia

5.90

Brazil

3.10

France

10.50

Germany

7.20

Russia

2.30

South Africa

14.80

Switzerland

9.90

United Kingdom

12.40

United States

8.00

Asian Countries 0.70 10.10 4.40 8.00 3.20 0.30 2.50 4.60 7.00 0.60 15.40 2.60 4.00 2.90 7.00 1.70 4.00 3.00 16.80 0.90 1.40 0.60 13.80 2.40 4.00 4.20 10.40 6.50 1.60 6.80 5.10 1.70 3.90 0.90 3.00 1.60 3.00 1.30 3.40 2.30 1.10 0.30 0.70 0.30 0.40 0.80 3.30 7.80 11.80 1.40 16.20 3.30 7.10 1.60 4.40 2.90 1.60 4.30 2.10 9.90 7.80 2.10 9.80 7.60 2.80 0.30 2.20 6.30 8.00 0.60 13.30 1.80 4.10 0.70 5.20 4.60 0.60 4.60 4.00 1.40 11.00 9.60 1.40 11.20 9.90 0.20 0.90 0.70 0.20 0.90 0.70 0.20 1.30 0.60 2.20 1.50 0.40 1.00 1.60 3.70 0.90 2.90 1.50 2.90 0.70 11.80 4.70 9.60 4.60 0.70 2.90 7.60 11.80 1.50 15.70 3.40 7.50 0.50 10.60 4.00 7.50 3.10 0.30 1.80 6.20 8.20 0.60 12.90 1.80 4.40 0.20 1.20 0.60 2.10 1.50 0.40 1.10 1.50 3.60 0.90 2.80 1.50 3.10 0.60 10.50 4.80 10.50 4.90 0.80 2.70 6.50 11.10 1.60 14.50 3.50 7.50 0.40 9.20 4.10 8.30 3.20 0.30 1.70 5.40 7.90 0.60 11.60 1.90 4.50 0.20 1.20 0.60 2.20 1.70 0.50 1.00 1.10 3.20 0.90 2.90 1.60 3.00


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Bangladesh

0.90

Hong Kong

11.40

India#

5.10

Japan

10.10

Malaysia

4.80

Pakistan

0.70

PR China

3.80

Singapore

6.10

South Korea

11.20

Sri Lanka

1.40

Taiwan

18.40

Thailand

4.30

World

6.90

* Insurance penetration is measured as ratio of premium (in US Dollars) to GDP (in US Dollars). # data relates to financial year. Source: Swiss Re, Sigma various volumes.

C: INTERNATIONAL COMPARISON OF INSURANCE PENETRATION* (Concld.)(In Per cent) 2005 Life 3.51 1.33 7.08 3.06 0.12 10.84 6.20 8.90 4.14 5.01 9.36 4.22 5.14 9.61 4.38 5.23 9.58 3.55 12.6 8.92 3.68 13.37 8.62 4.75 14.75 10.19 4.6 4.99 11.75 6.73 5.02 12.74 7.72 5.02 13.36 8.14 3.03 14.38 11.43 2.95 15.88 12.96 2.92 18.78 15.92 2.15 2.83 0.61 2.22 3.25 1.12 2.13 2.77 0.96 1.81 2.86 5.22 4.56 4.98 3.73 6.97 3.11 3.86 6.99 3.17 3.82 6.76 3.06 3.7 3.13 9.52 6.38 3.14 9.15 5.99 3.16 8.58 5.61 2.97 8.58 6.59 3.06 17.97 12.71 14.18 8.97 1.68 2.98 1.36 1.62 2.96 1.28 1.68 2.79 1.05 1.74 2.14 3.09 8.02 4.17 3.85 7.99 4.42 3.57 8.48 5.02 3.46 9.15 5.7 0.36 5.73 3 1.55 15.19 7.95 10.73 4.4 Non-Life Total Life Non-Life Total Life Non-Life Total Life Non-Life Total Life 2004 2003 2002 2001 Non-Life 3.45 1.78 2.85 3.59 1.51 2.78 4.76 3.45 4.57

Countries

Total

Australia

6.60

Brazil

3.01

France

10.21

Germany

6.79

Russia

2.27

South Africa

13.87

Switzerland

11.19

United Kingdom

12.45

United States

9.15

Asian Countries 0.42 8.63 2.53 8.32 3.60 0.27 1.78 6.00 7.27 0.62 11.17 1.99 4.34 3.18 7.99 1.62 3.52 2.93 14.13 0.84 1.37 0.6 11.06 1.94 4.55 2.98 9.52 6.75 1.48 7.5 6.02 1.48 2.77 0.77 3.07 1.58 3.44 0.92 3.26 2.21 1.05 0.40 0.71 0.28 0.43 0.62 3.33 7.59 9.63 1.3 11.31 3.45 8.06 1.82 5.4 3.52 1.88 5.35 2.22 10.51 8.26 2.25 10.81 8.61 3.29 0.24 2.3 6.09 6.77 0.55 8.28 2.25 4.59 0.61 3.17 2.53 0.64 2.88 2.26 1.29 9.27 7.88 1.39 7.88 6.38 0.20 0.57 0.37 0.2 0.57 0.37 0.2 1.5 0.62 2.2 2.06 0.38 1.03 1.5 2.86 0.75 3.03 1.2 3.47 0.46 6.65 3.26 10.86 4.91 0.62 2.98 4.91 11.61 1.3 10.16 3.24 8.14 0.29 5.2 2.59 8.64 2.94 0.24 2.03 3.48 8.23 0.55 7.35 2.09 4.76 0.17 1.45 0.67 2.22 1.97 0.38 0.95 1.43 3.38 0.75 2.81 1.15 3.38 0.46 6.34 2.71 11.07 5.18 0.68 2.2 4.58 12.07 1.2 8.62 2.94 7.83 0.29 5.13 2.15 8.85 3.38 0.3 1.34 3.4 8.69 0.53 6.03 1.86 4.68 0.17 1.21 0.56 2.22 1.8 0.38 0.86 1.18 3.38 0.67 2.59 1.08 3.15


7

Bangladesh

0.61

Hong Kong

9.93

India#

3.14

Japan

10.54

Malaysia

5.42

Pakistan

0.67

PR China

2.70

Singapore

7.47

South Korea

10.25

Sri Lanka

1.46

Taiwan

14.11

Thailand

3.61

World

7.52

* Insurance penetration is measured as ratio of premium (in US Dollars) to GDP (in US Dollars). # data relates to financial year. Source: Swiss Re, Sigma various volumes.

D: INTERNATIONAL COMPARISON OF INSURANCE DENSITY*(In US Dollar) 2010 Life 1766.3 169.9 2937.6 1402.2 6.4 854.6 3666.8 3436.3 1631.8 2127.2 3710.0 1602.6 2107.3 4078.0 1900.6 2177.4 4086.5 1060.2 4578.8 3527.6 1051.2 6857.8 5582.1 1275.7 7113.7 5730.5 1922.0 2966.9 6257.7 3405.6 2852.1 6379.4 3551.5 2827.9 5740.7 3159.1 200.1 738.1 574.2 163.9 870.6 707.0 163.6 878.5 719.0 290.4 280.9 4.5 276.4 273.5 5.4 268.1 209.4 6.1 203.3 159.5 2581.7 1383.2 2164.4 1501.6 2878.4 1356.7 1518.7 2919.2 1346.5 1572.7 2662.1 1234.1 1427.9 1249.0 4269.2 2979.8 1289.4 4131.0 2791.9 1339.2 4147.6 2928.3 1219.3 4075.4 2436.8 150.9 855.8 5561.9 6466.7 3923.7 157.7 251.7 127.9 123.8 244.5 115.4 129.1 202.2 95.3 106.9 160.9 1603.0 2832.7 1524.8 1307.9 3386.5 2038.0 1348.6 3000.2 1674.1 1326.1 2580.8 1389.0 72.5 2922.5 1136.1 4.0 695.6 3111.8 5139.6 1789.5 Non-Life Total Life Non-Life Total Life Non-Life Total Life Non-Life Total Life 2009 2008 2007 2006 Non-Life 1191.9 88.4 1152.9 1300.7 146.9 160.2 2450.1 1327.1 2134.2

Countries

Total

Australia

3369.2

Brazil

327.6

France

4186.6

Germany

2903.8

Russia

296.8

South Africa

1054.7

Switzerland

6633.7

United Kingdom

4496.6

United States

3758.9

Asian Countries 5.8 3197.3 55.7 3472.8 282.8 3.2 105.5 2101.4 1454.3 13.7 2756.8 121.9 364.3 263.0 595.1 77.5 154.4 539.3 2752.1 20.6 29.5 11.8 2257.3 91.7 341.2 885.1 1890.3 1180.6 722.1 2557.6 1912.0 645.6 709.7 17.7 494.8 62.7 253.9 52.9 121.2 81.1 40.0 2.9 6.6 3.0 3.6 6.8 105.4 3179.0 1968.7 32.1 2787.6 142.1 633.9 138.3 321.8 206.9 115.0 345.4 917.4 3979.0 3138.7 840.4 3698.6 2869.5 225.9 2.8 71.7 2549.0 1347.7 12.8 2281.1 77.2 369.7 8.7 54.3 47.7 6.7 47.4 41.2 438.2 3304.0 2886.6 417.5 3310.3 2929.6 4.4 1.4 5.2 3.9 1.3 4.4 3.3 1.1 380.8 6.2 829.2 119.5 4.0 33.7 630.0 621.0 19.3 499.6 64.9 264.2 2.9 3373.2 46.6 3319.9 332.1 6.5 69.9 2776.0 2384.0 24.9 2628.0 129.7 608 1.9 3031.9 40.4 2583.9 221.5 2.6 44.2 2244.7 1656.6 10.2 2165.7 70.8 358 0.9 341.3 6.2 736.0 110.6 3.9 25.5 531.2 727.3 14.7 462.3 58.9 249.6 2.6 2787.6 38.4 3589.6 292.2 5.9 53.5 1957.7 2071.3 21.3 2250.2 110.1 555 1.8 2456.0 33.2 2829.3 189.2 2.3 34.1 1616.5 1480.0 8.5 1800.0 60.0 331 0.8 331.6 5.2 760.4 103.0 3.6 19.4 341.2 591.2 12.8 450.3 50.0 224.2


86.1

Bangladesh

Hong Kong

3635.5

India#

64.4

Japan

4390.2

Malaysia

421.1

Pakistan

PR China

158.4

Singapore

2823.4

South Korea

2339.4

Sri Lanka

34.2

Taiwan

3296.2

Thailand

199.4

World

627.3

* Insurance density is measured as ratio of premium (in US Dollar) to total population. # data relates to financial year. Source: Swiss Re, Sigma various volumes.

D: INTERNATIONAL COMPARISON OF INSURANCE DENSITY* (Concld.)(In US Dollar) 2005 Life 1366.7 56.8 2474.6 1042.1 6.3 558.3 3078.1 3287.1 1753.2 2122.0 3755.1 1692.5 2062.6 3637.7 1657.5 1980.2 3461.6 1311.9 4508.4 3190.4 1318.0 4058.5 2617.1 1441.4 3879.1 2679.4 1662.6 2480.3 5716.4 3275.1 2441.3 5660.3 3431.8 2228.5 4922.4 3099.7 156.2 686.5 545.5 141.0 583.9 476.5 107.4 425.3 360.5 116.5 114.4 24.8 89.6 98.2 33.9 64.3 66.6 23.1 43.5 64.8 1822.7 1199.7 1799.0 1268.4 2286.6 1021.3 1265.3 2051.2 930.4 1120.8 1627.7 736.7 891.0 1093.9 3207.9 2150.2 1057.7 2698.3 1767.9 930.4 2064.2 1349.5 714.7 1898.8 1484.2 65.8 446.3 4342.8 3393.8 3266.0 72.1 101.1 45.9 55.2 82.6 35.8 46.8 72.2 27.2 45.0 64.0 1203.2 2471.4 1285.1 1186.3 2041.4 1129.3 912.1 1705.9 1010.4 695.5 1668.3 1040.3 10.8 1268.2 674.3 33.2 377.2 2715.7 2567.9 1602.0 Non-Life Total Life Non-Life Total Life Non-Life Total Life Non-Life Total Life 2004 2003 2002 2001 Non-Life 628.0 53.2 630.6 809.9 32.6 69.1 1627.1 825.9 1664.0

Countries

Total

Australia

2569.9

Brazil

128.9

France

3568.5

Germany

2310.5

Russia

122.8

South Africa

714.6

Switzerland

5558.4

United Kingdom

4599.0

United States

3875.2

Asian Countries 2.5 2213.2 18.3 2956.3 188.0 1.9 30.5 1591.4 1210.6 6.9 1699.1 54.6 299.5 219.0 511.5 44.4 92.1 446.4 1909.0 9.4 14.1 6.2 1494.6 50.8 291.5 495.5 1419.3 1006.8 392.0 1849.3 1483.9 365.4 412.5 7.9 414.4 41.3 220.0 15.8 40.2 27.3 12.9 2.8 3.7 1.5 2.2 2.9 36.3 1620.5 1243.0 12.5 1433.3 79.6 469.6 95.3 256.5 167.3 89.2 227.0 790.4 3874.8 3044.0 830.8 3770.9 3002.9 139.8 1.1 25.1 1300.2 873.6 5.3 1050.1 52.0 267.1 4.4 19.7 15.7 4.0 16.4 12.9 331.7 2217.2 1884.3 332.9 1832.6 1483.9 1.7 0.8 2.3 1.5 0.8 2.1 1.4 0.7 348.7 3.5 768.0 87.2 1.8 11.2 320.3 369.4 7.2 383.2 27.6 202.5 1.6 1583.0 14.7 3498.6 198.0 2.7 28.7 1030.7 1159.8 10.6 1279.2 65.2 422.9 1.0 1237.9 11.7 2783.9 118.7 1.0 19.2 730.1 821.9 4.5 925.1 42.1 247.3 0.6 345.1 3.0 714.7 79.3 1.7 9.5 300.6 337.9 6.1 354.1 23.1 175.6 1.6 1545.2 11.5 3507.5 198.3 2.7 20.0 959.0 1060.1 9.7 1088.5 53.9 393.3 1.0 1249.7 9.1 2806.4 129.5 1.2 12.2 713.2 763.4 4.3 760.9 34.1 235.0 0.6 295.5 2.4 701.1 68.8 1.5 7.8 245.8 296.7 5.4 327.6 19.8 158.3


94.6

Bangladesh

Hong Kong

2544.9

India#

22.7

Japan

3746.7

Malaysia

283.3

Pakistan

PR China

46.3

Singapore

1983.4

South Korea

1706.1

Sri Lanka

16.3

Taiwan

2145.5

Thailand

99.0

World

518.5

* Insurance density is measured as ratio of premium (in US Dollar) to total population. # data relates to financial year. Source: Swiss Re, Sigma various volumes.


CHARTS


LIFE INSURANCE

13


14


15


16


NON-LIFE INSURANCE

17


18


19


20


LIFE INSURANCE

PART-I


TABLE 1: DETAILS OF LIFE INSURANCE COMPANIES OPERATING IN INDIA*Sl. No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Insurers Life Insurance Corporation of India HDFC Standard Max New York ICICI Prudential Kotak Mahindra Old Mutual Birla Sun Life TATA AIG SBI Life ING Vysya Bajaj Allianz Metlife Reliance Aviva Sahara Shriram Bharti AXA Future Generali IDBI Federal Canara HSBC OBC Aegon Religare DLF Pramerica Star Union Dai-ichi IndiaFirst Edelweiss Tokio Foreign Partners Standard Life Assurance, UK New York Life, USA Prudential Plc, UK Old Mutual, South Africa Sun Life, Canada American International Assurance Co., USA BNP Paribas Assurance SA, France ING Insurance International B.V, Netherlands Allianz, Germany Metlife International Holdings Ltd., USA Aviva International Holdings Ltd., UK Sanlam, South Africa AXA Holdings, France Generali, Italy Ageas, Europe HSBC, UK Aegon ,Netherlands Prudential of America, USA Dai-ichi Mutual Life Insurance,Japan Legal & General Middle East Limited, UK Tokio Marine Holding Inc,Japan Regn. No. 512 101 104 105 107 109 110 111 114 116 117 121 122 127 128 130 133 135 136 138 140 142 143 147 Date of Registration 01.09.1956 23.10.2000 15.11.2000 24.11.2000 10.01.2001 31.01.2001 12.02.2001 29.03.2001 02.08.2001 03.08.2001 06.08.2001 03.01.2002 14.05.2002 06.02.2004 17.11.2005 14.07.2006 04.09.2007 19.12.2007 08.05.2008 27.06.2008 27.06.2008 26.12.2008 05.11.2009 12.05.2011 Year of Operation 1956-57 2000-01 2000-01 2000-01 2001-02 2000-01 2001-02 2001-02 2001-02 2001-02 2001-02 2001-02 2002-03 2004-05 2005-06 2006-07 2007-08 2007-08 2008-09 2008-09 2008-09 2008-09 2009-10 2011-12

* as on 31st December, 2011.

23

TABLE 2: FIRST YEAR (INCLUDING SINGLE PREMIUM) LIFE INSURANCE PREMIUM(` Crore) 2000-01 9700.98 7.14 28.11 129.31 750.84 282.42 373.99 233.63 57.52 193.56 26.34 827.82 181.17 644.82 19425.65 (88.84) 93712.52 (23.88) 75649.21 (94.96) 10.33 464.53 10269.67 (84.55) 38785.54 (47.94) 91.33 1.74 484.85 297.55 5564.57 (127.99) 26217.64 (32.49) 72.10 125.51 137.28 23.41 27.21 207.05 181.59 2440.71 (152.74) 19788.32 (16.80) 364.11 17.66 35.21 67.31 7.70 6.32 71.88 59.77 965.69 (259.65) 16942.45 (-14.68) 32.78 113.33 4.19 7.58 38.80 0.48 0.28 14.69 21.14 268.51 (4061.70) 19857.28 (104.56) 0.32 0.002 5.97 0.16 6.45 9707.43 2010-11 87012.35 (21.66) 274.87 745.39 3465.82 347.78 2080.30 817.29 74.15 448.61 4059.33 7862.14 444.95 704.77 660.49 1253.14 2061.39 706.22 3034.94 91.83 7572.39 571.99 419.50 519.87 1322.01 38372.01 (12.36) 109893.91 (25.84) 87331.08 (-6.81) 34152.00 (1.29) 1142.67 964.51 33715.95 (73.56) 50.19 314.47 309.99 758.69 1332.21 39368.65 (2.60) 126381.00 (15.00) 7040.74 5386.64 4792.82 124.83 134.01 122.12 43.00 2563.84 3920.78 3513.98 2751.05 932.11 1061.85 1144.70 825.35 340.44 1849.08 1842.91 1597.83 912.11 471.36 148.53 1333.98 1343.03 1106.62 614.94 396.06 642.43 688.95 704.44 467.66 283.98 201.59 400.56 316.78 11.90 6334.03 6811.83 8034.75 5162.13 2602.50 1584.34 3257.51 2651.11 2685.37 1648.85 1042.65 486.15 486.08 149.97 2.49 209.33 37.38 3.37 622.62 296.41 2960.01 2820.85 1965.01 882.72 678.12 621.31 449.86 129.57 437.43 292.93 113.24 7.78 4451.10 4491.43 6674.48 4302.74 2716.77 857.45 179.55 63.39 798.37 724.56 1053.98 721.35 407.12 192.29 76.96 13.47 150.37 31.21 71521.90 (34.49) 53179.08 (-11.36) 59996.57 (6.71) 56223.56 (97.17) 28515.87 (38.07) 20653.06 (19.05) 17347.62 (8.58) 15976.76 (-18.44) 19588.77 (101.93) 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02

INSURER

LIC

Aegon Religare

Aviva

Bajaj Allianz

Bharti AXA

Birla Sun Life

Canara HSBC

DLF Pramerica

Future Generali

HDFC Standard

ICICI Prudential

IDBI Federal

IndiaFirst


24

ING Vysya

Kotak Mahindra

Max New York

MetLife

Reliance

Sahara

SBI Life

Shriram

Star Union Dai-ichi

TATA AIG

Private Total

Industry Total

indicates the company has not started its operation. Note: Figure in bracket indicates the growth over the previous year in per cent.

TABLE 3: TOTAL LIFE INSURANCE PREMIUM(` Crore) 2009-10 186077.31 (18.30) 165.65 2378.01 11419.71 669.73 5505.66 842.45 38.44 541.51 7005.10 16528.75 571.12 201.60 1642.65 2868.05 4860.54 2536.01 6604.90 250.59 10104.03 611.27 436.17 50.19 2747.50 64497.43 (25.09) 221785.47 (10.15) 2046.35 51561.42 (82.50) 201351.41 (29.01) 358.05 530.37 3493.78 79369.94 (23.06) 265447.25 (19.69) 7212.10 5622.14 2928.49 184.17 1367.18 28253.00 (87.31) 156075.84 (47.41) 206.47 143.49 51.00 4932.54 3225.44 1004.66 1996.64 1159.54 492.71 3857.26 2714.60 1500.28 788.13 205.99 224.21 27.66 1075.32 10.33 880.19 15083.54 (95.19) 105875.76 (27.78) 2343.19 1691.14 971.51 621.85 1442.28 1158.87 707.20 425.38 338.86 466.16 413.43 81.53 106.55 1.74 601.18 497.04 7727.51 (147.65) 82854.80 (24.31) 318.97 11.90 15356.22 13561.06 7912.99 4261.05 2363.82 5564.69 4858.56 2855.87 1569.91 686.63 297.76 989.28 88.51 150.72 215.25 28.73 31.06 225.67 253.53 3120.33 (178.83) 66653.75 (19.56) 152.60 2.49 3.37 296.41 4571.80 3272.19 1776.71 1259.68 915.47 537.54 143.92 148.83 417.62 21.16 40.32 96.59 7.91 6.47 72.39 81.21 1119.06 (310.59) 55747.55 (11.28) 360.41 118.41 7.78 10624.52 9725.31 5345.24 3133.58 1001.68 220.80 69.17 1992.87 1891.88 1147.23 600.27 253.42 81.50 13.47 7.14 28.26 33.46 116.38 4.19 7.58 38.95 0.48 0.28 14.69 21.14 272.55 (4124.31) 50094.46 (43.54) 31.21 157288.04 (5.01) 149789.99 (17.19) 127822.84 (40.79) 90792.22 (20.85) 75127.29 (18.25) 63533.43 (16.30) 54628.49 (9.65) 49821.91 (42.79) 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01 34892.02 0.32 0.002 5.97 0.16 6.45 34898.47

INSURER

2010-11

LIC

203473.40 (9.35)

Aegon Religare

388.61

Aviva

2345.17

Bajaj Allianz

9609.95

Bharti AXA

792.02

Birla Sun Life 95.04

5677.07

Canara HSBC

1531.86

DLF Pramerica

Future Generali

726.16

HDFC Standard

9004.17

ICICI Prudential

17880.63

IDBI Federal

811.00

IndiaFirst

798.43


25

ING Vysya

1708.95

Kotak Mahindra

2975.51

Max New York

5812.63

MetLife

2508.17

Reliance

6571.15

Sahara

243.41

SBI Life

12911.64

Shriram

821.52

Star Union Dai-ichi

933.31

TATA AIG

3985.22

Private Total

88131.60 (11.04)

Industry Total

291605.00 (9.85)

indicates the company has not started its operation. Note: Figure in bracket indicates the growth over the previous year in per cent.

TABLE 4: INDIVIDUAL NEW BUSINESS PERFORMANCE OF LIFE INSURERS CHANNEL WISE(Premium in ` Crore) Number of Policies Issued 2010-11 41581811 (86.44) 1936562 (4.03) 2988481 (6.21) 511388 (1.06) 1088426 (2.26) 48106668 (100.00) 548772 (1.14) 1232079 (2.32) 1952102 (3.83) 1349398 (2.65) 715933 (1.55) 53195191 (100.00) 50904871 (100.00) 50847196 (100.00) 45411865 (100.00) 83174.03 (100.00) 835.91 (1.01) 1814558 (3.41) 2442772 (4.80) 1573849 (3.10) 139077 (0.31) 2016.32 (2.42) 3389.85 (4.13) 82007.05 (100.00) 2567.61 (3.13) 439396 (0.83) 306277 (0.60) 227403 (0.45) 259177 (0.57) 1471.80 (1.77) 1128.50 (1.38) 3819790 (7.18) 2798776 (5.50) 2599723 (5.11) 1284785 (2.83) 2957.75 (3.56) 3510.76 (4.28) 3380.54 (4.86) 773.62 (1.11) 3310.33 (4.76) 69529.41 (100.00) 2714.81 (3.90) 2084543 (3.92) 1896457 (3.73) 1693610 (3.33) 1426919 (3.14) 11062.63 (13.30) 8688.68 (10.60) 6737.38 (9.69) 6329.22 (7.97) 3461.89 (4.36) 473.73 (0.60) 2642.71 (3.33) 79422.97 (100.00) 2345.63 (2.95) 45036904 (86.44) 43460589 (85.38) 44752611 (88.01) 42301907 (93.15) 65665.52 (78.95) 65289.25 (79.61) 55327.54 (79.57) 66515.43 (83.75) 2009-10 2008-09 2007-08 2006-07 2010-11 2009-10 2008-09 2007-08 2006-07 54605.30 (90.46) 3363.17 (5.57) 1825.89 (3.02) 331.63 (0.55) 235.33 (0.39) 60361.32 (100.00) 1256.51 (2.04) Amount of Premium

Particulars

Individual Agents

Corporate Agents-Banks

Corporate Agents- Others*

Brokers

Direct Selling


26

TOTAL

Referrals

* Any entity other than banks but licensed as a corporate agent. Note: 1) The leads obtained through referral arrangements have been included in the respective channels. 2) New business premium includes first year premium and single premium. 3) Figures in bracket show percentage to total individual new business procured through respective channels.

TABLE 5: GROUP NEW BUSINESS PERFORMANCE OF LIFE INSURERS CHANNEL WISE(Premium in ` Crore) Number of Schemes 2009-10 3636 (12.69) 444 (1.55) 1891 (6.60) 1072 (3.74) 21612 (75.42) 28655 (100.00) 13 (0.05) 2 (0.01) 2 (0.01) 319262 (0.38) 53746.00 (0.07) 4771 (0.01) 2183 (0.01) 24764 (100.00) 24858 (100.00) 23102 83232045 80693285 52880550 34548616 19824304 (100.00) (100.00) (100.00) (100.00) (100.00) (100.00) 62913 (0.31) 18851 (76.12) 19271 (77.52) 22507 63752022 59049732 46649328 26149338 17358013 (97.50) (76.60) (73.18) (88.22) (75.69) (87.36) 38869.75 (76.60) 43159.21 (100.00) 39.23 (0.09) 541 (2.18) 462 (1.86) 261 (1.09) 4657417 (5.60) 4926933 (6.11) 643499 (1.22) 720816 (2.09) 492044 (2.46) 213.54 (0.49) 347.90 (1.25) 24872.06 (89.34) 27838.37 (100.00) 42.29 (0.15) 132 (0.53) 278 (1.12) 8 (0.03) 6735374 (8.09) 6539250 (8.10) 536188 (1.01) 674212 (1.95) 467838 (2.34) 318.92 (0.74) 401.73 (1.44) 130.74 (0.75) 83.72 (0.48) 15029.91 (86.53) 17370.32 (100.00) 15.83 (0.09) 1358 (5.48) 765 (3.08) 275 (1.19) 4651600 (5.59) 1181334 (1.46) 2246435 (4.25) 1767953 (5.12) 1479025 (7.40) 1328.61 (3.08) 599.57 (2.15) 569.19 (3.28) 492.69 (3.46) 40.83 (0.29) 99.55 (0.70) 12531.47 (87.88) 14259.83 (100.00) 1.64 (0.01) 3882 (15.68) 4082 (16.42) 49 (0.18) 3435632 (4.13) 8996036 (11.15) 2805100 (5.30) 5236297 (15.16) 27384 (0.13) 2428.39 (5.63) 1617.12 (5.81) 1556.76 (8.96) 1095.28 (7.68) 2008-09 2007-08 2006-07 2010-11 2009-10 2008-09 2007-08 2006-07 2010-11 2009-10 2008-09 2007-08 2006-07 5.63 (0.04) 326.98 (2.33) 3.17 (0.02) 31.01 (0.21) 13611.19 (97.39) 13979.49 (100.00) 1.50 (0.01) Number of Lives Covered Amount of Premium

Particulars

2010-11 5112 (16.71) 1834 (5.99) 671 (2.19) 1266 (4.14) 21713 (70.97)

Individual Agents

Corporate Agents-Banks

Corporate Agents- Others*

Brokers

Direct Selling

TOTAL 3 (0.01)

30596 (100.00)

Referrals


27

*Any entity other than banks but licensed as a corporate agent. Note: 1) The leads obtained through referral arrangements have been included in the respective channels. 2) New business premium includes first year premium and single premium. 3) Figures in bracket show percentage to total individual new business procured through respective channels.


TABLE 6: STATE WISE INDIVIDUAL NEW BUSINESS* UNDERWRITTEN (LIFE INSURANCE)(Policies in Numbers) (Premium in ` Crore) State / Union Territory andhra Pradesh Arunachal Pradesh Assam Bihar Chattisgarh Goa Gujarat Haryana Himachal Pradesh Jammu & Kashmir Jharkhand Karnataka Kerala Madhya Pradesh Maharashtra Manipur Meghalaya Mizoram Nagaland orissa Punjab Rajasthan Sikkim Tamil Nadu Tripura Uttar Pradesh UttraKhand West Bengal andaman & Nicobar Chandigarh Dadra & Nagra Haveli Daman & Diu Delhi Lakshadweep Puducherry ALL INDIA 2010-11 Policies 4134985 14250 1013067 2541171 728889 143937 2464183 802421 419388 246749 872659 3185958 2193836 1966708 5628117 92004 27011 6620 19707 1611715 1138228 2251502 17618 3429971 132017 5132460 576776 5467384 17466 198953 2156 4897 1565792 247 57825 48106668 Premium 5935.93 39.51 1379.42 2459.16 749.54 433.40 5623.17 1634.80 879.75 620.93 1486.40 4818.71 4645.81 3200.27 12570.95 109.66 89.36 37.74 54.85 2021.38 2447.18 3295.1 48.43 6568.47 238.88 7685.31 963.77 7662.28 31.90 723.72 4.94 28.03 4561.31 0.56 123.41 83174.03 2009-10 Policies 5033973 21475 1147104 2874562 735256 121306 2508343 964886 571106 312365 1046319 3385546 2435371 2044796 5471792 82840 27639 9418 33066 1826498 1404191 2612195 19893 3892855 133017 6176057 678103 5697386 23331 134611 1393 3086 1705367 257 59788 53195191 Premium 5572.37 40.74 1392.92 2768.78 718.33 431.96 5286.79 1485.97 959.56 592.89 1454.22 4714.64 4635.06 3172.47 12476.44 108.12 84.53 48.14 72.56 2061.39 2543.22 3371.59 38.58 6032.66 224.08 7601.30 885.38 7655.61 70.42 723.26 3.98 112.22 4572.54 0.96 93.38 82007.05 2008-09 Policies 4661915 14774 1068332 2551196 746858 152811 2938482 802335 418696 202105 1014194 3374040 2513726 2029821 6034206 83361 32044 10905 30064 1607331 1304873 2121980 21198 3896649 108267 5301049 510583 5404180 23104 118764 1157 6641 1748045 525 50660 50904871 Premium 4912.54 26.30 1090.30 2235.68 585.12 366.76 4686.39 1285.51 690.05 436.57 1227.13 4238.31 4073.22 2552.70 10929.95 69.75 76.62 60.21 47.55 1653.33 2351.72 2694.09 35.53 5315.17 161.15 5981.39 612.69 5730.76 49.21 756.65 8.69 262.37 4214.90 1.07 110.03 69529.41 2007-08 Policies 4705896 13682 986682 2333424 495942 153612 2703402 830714 436029 271996 984865 3554507 2667048 1784882 6643175 55048 28561 11296 23498 1630089 1193593 2077792 21987 4754322 123237 5395340 523911 4465811 28420 120840 932 6689 1749006 252 70716 50847196 Premium 5707.75 32.44 1152.23 2267.62 711.6 324.12 4398.88 1675.68 977.46 620.85 1285.94 5007.13 6347.4 2609.67 11257.38 96.72 84.09 53.42 43.22 1917.20 3119.18 3397.49 58.81 8294.8 194.85 6853.05 679.18 5315.71 48.87 864.99 1.52 10.23 3903.92 3.47 106.12 79422.97 2006-07 Policies 4590505 11778 940729 2015894 910886 120666 2399812 864779 332171 223881 905158 3240376 2038410 2006889 5482681 40891 22661 8316 23932 1348973 940184 2112791 23544 3827785 127669 5021447 507404 3831294 31474 316003 313 4944 1810466 245 42846 46127798 Premium 5150.05 16.67 970.26 1795.18 1010.89 194.58 3493.73 1555.91 810.59 495.92 995.87 3703.85 3913.36 2346.94 7189.75 53.36 45.35 50.98 45.41 1302.23 2340.48 3237.61 51.73 5614.57 141.07 5922.41 611.54 3716.55 48.76 853.61 0.64 6.07 3876.06 0.07 55.79 61617.83

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

28


TABLE 7: LIFE INSURERS: NUMBER OF NEW POLICIES ISSUEDINSURERS LIC Private Sector Total 2010-11 370.38 (-4.70) 111.14 (-22.61) 481.52 (-9.53) 2009-10 388.63 (8.21) 143.62 (-4.32) 532.25 (4.52) 2008-09 359.13 (-4.52) 150.11 (13.19) 509.23 (0.10) 2007-08 376.13 (-1.61) 132.62 (67.40) 508.74 (10.23) 2006-07 382.29 (21.01) 79.22 (104.64) 461.52 (30.14) 2005-06 315.91 (31.75) 38.71 (73.37) 354.62 (35.29) 2004-05 239.78 (-11.09) 22.33 (34.62) 262.11 ( 8.44)

(in Lakhs) 245.46 (96.75) 8.25 (3.25) 253.71

2003-04 2002-03 269.68 (9.87) 16.59 (101.05) 286.27 (12.83)

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

29

TABLE 8: INDIVIDUAL BUSINESS (WITHIN INDIA) BUSINESS IN FORCE (NUMBER OF POLICIES)(Policies in '000) Bajaj Allianz Reliance Aviva

Particulars

2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06

941 1036 157 1820 334 114 941 259 78 721 122 92 540 196 80 511 215 68 395 1547 208 1939 450 84 600 106 92 234 77 46 220 162 49 189 47 18 77 124 34 152 37 38 62 46 33 62 37 40 48

721

540

511

395

248

600

234

220

189

77

48

62

62

48

51

34 41 24 51

23 29 19 34

Life Business Business in force at start of the financial year Additions during the year* Deletions during the year** Business in force at end of the financial year

General Annuity and Pension Business 6.9 1.3 0.4 7.8 0.7 0.5 6.9 0.5 0.5 6.6 0.4 0.2 6.6 0.0 0.0 6.0 0.6 0.7 6.4 14.6 0.7 13.9 0.0 0.0 0.0 6.7 6.6 6.5 6.0 6.5 0.0 0.3 0.7 0.0 1.0 0.1 0.3 0.1 0.3 0.1 0.0 0.1

Business in force at start of the financial year Additions during the year* Deletions during the year** Business in force at end of the financial year


3069 82 93 30 0 18 32 6690 7248 6721 5608 2458 710 3262 3981 3015 1203 46 52 63 8587 8277 7542 6184 3653 1112 5279 4633 3313 1454

Non linked Health Business 0

Business in force at end of the financial year

Linked Business # 326 48 711 922 824 684 438 226


Linked Health Business


Grand Total 803 125 864 983 886 732 587 259


* Includes New Policies issued, Old Policies reinstated/revived. ** Includes policy terminations by death, maturity, lapse, surrenders or cancellations. # Excluding linked Health Business, if any. Source: Actuarial Report and Abstract as on 31.03.2011

TABLE 8: INDIVIDUAL BUSINESS (WITHIN INDIA) BUSINESS IN FORCE (NUMBER OF POLICIES) (Contd.)(Policies in '000) Birla Sun Life HDFC Standard ICICI Prudential

Particulars

2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06

993 649 790 852 739 421 993 458 107 676 158 66 325 109 34 234 73 16 159 314 214 1598 427 174 1497 368 120 1244 317 73 996 198 36 752 222 42 590 620 502 1090 523 863 972 913 637 1313 706 403 1037

676

325

234

159

102

1497

1244

996

752

590

410

972

1312

1037

734

473 426 165 734

374 237 138 473


General Annuity and Pension Business 0.1 0.9 0.1 1.0 0.0 0.0 0.0 0.0 0.2 0.0 0.1 0.0 9.2 8.0 81.2 13.1 12.3 79.9 20.0 15.4 79.1 7.1 6.3 74.5 4.0 3.0 74.0 3.5 3.4 72.6 0.0 0.0 0.0 0.0 79.9 79.1 74.5 73.6 73.0 72.6 57.3 3.3 1.8 58.8 56.8 2.6 2.1 57.3 54.9 4.1 2.2 56.8 52.9 4.6 2.6 54.9 50.0 5.0 2.0 53.0 50.5 1.1 1.3 50.3



316 8 10 15 17 2130 2305 1737 1076 713 448 1894 1667 1404 1028 7 6 0 2997 3312 2423 1401 1249 607 3588 3244 2744 2098

Non linked Health Business 66 115 217 227 93 2


Linked Business # 520 233 4945 5089 4826 4036 2407 1238


Linked Health Business 92 88 37


Grand Total 2249 896 6251 6321 6449 5355 4408 1764



TABLE 8: INDIVIDUAL BUSINESS (WITHIN INDIA) BUSINESS IN FORCE (NUMBER OF POLICIES) (Contd.)(Policies in '000) Kotak Mahindra SBI Life Tata AIG

Particulars

2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06

163 135 32 265 34 28 163 42 35 157 53 27 149 37 22 123 39 27 108 289 79 789 147 57 579 122 53 489 94 85 420 148 89 411 186 35 352 314 235 819 288 258 740 264 132 710 208 196 579

157

149

123

108

97

579

489

420

411

352

200

740

710

579

567

453 243 129 567

329 205 81 453


General Annuity and Pension Business 5.9 1.0 0.4 6.5 6.0 0.4 0.4 5.9 0.2 0.4 6.0 0.2 0.4 5.9 0.2 0.4 6.5 15.4 9.8 138.8 19.4 8.7 133.2 41.9 11.2 122.5 23.2 8.4 91.8 14.0 2.0 77.0 10.7 0.1 64.5 6.0 6.1 6.1 6.0 6.7 133.2 122.5 91.8 76.9 64.0 54.0 19.3 1.1 0.7 19.7 19.9 0.5 1.1 19.3 21.0 0.7 1.7 19.9 21.8 1.5 2.4 21.0 22.0 3.0 3.0 22.0 17.7 7.4 2.8 22.3



320 0 878 913 788 415 189 74 3549 3167 2030 1297 1150 1081 951 571 494 189 4477 3879 2642 1809



Linked Business # 499 92 1000 933 781 432 195 86




Grand Total 1657 508 1933 1809 1627 1122 1709 600



TABLE 8: INDIVIDUAL BUSINESS (WITHIN INDIA) BUSINESS IN FORCE (NUMBER OF POLICIES) (Contd.)(Policies in '000) Sahara India Shriram Bharti AXA

Particulars

2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06

116 55 21 150 21 38 23 116 44 20 101 49 14 76 26 7 42 17 5 22 42 9 72 18 16 40 15 16 39 12 25 39 42 9 53 21 94 21 118 25 19 45 42 14 39 13 4 10

101

76

42

22

10

40

38

40

53

21

45

39

10

1 1 1


General Annuity and Pension Business 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.4 0.0 0.0 0.3 0.0 0.0 0.3 0.0 0.0 0.3 0.2 0.1 0.3 0.0 0.0 0.0 0.3 0.3 0.3 0.2 0.0 0.0 0.0 0.0 0.3 0.0 0.3



33167 166 136 79 20 6 248 285 227 144 318 283 238 156 118 28 321 325 266 184



Linked Business # 54 266 257 188 61 5




Grand Total 179 21 393 308 226 71 7



TABLE 8: INDIVIDUAL BUSINESS (WITHIN INDIA) BUSINESS IN FORCE (NUMBER OF POLICIES) (Contd.)(Policies in '000) Futura Generali IDBI Federal Canara HSBC

Particulars

2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06

178 257 69 367 1 0 0 167 45 178 62 7 56 1 77 4 120 37 0 47 10 0 10 0 15 0 15 1 0 1 0

Life Business Business in force at start of the financial year Additions during the year* Deletions during the year** Business in force at end of the financial year 56 1 47 10 0 1 0

General Annuity and Pension Business 4.0 1.7 0.2 5.5 0.5 1.9 0.1 4.0 2.3 0.1 2.1 0.5 2.1



341 179 197 40 129 115 71 3 551 379 98 1 250 162 81 3

Non linked Health Business


Linked Business # 200 129 36




Grand Total 215 130 36



TABLE 8: INDIVIDUAL BUSINESS (WITHIN INDIA) BUSINESS IN FORCE (NUMBER OF POLICIES) (Contd.)(Policies in '000) Aegon Religare DLF Pramerica Star Union Dai-Ichi

Particulars

2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06

15 42 3 54 1 12 2 15 6 0 6 22 3 21 2 1 1 1 0 1 29 5 37 12 0 12 1

Life Business Business in force at start of the financial year Additions during the year* Deletions during the year** Business in force at end of the financial year 6 0 1 1 0 12 1 0

General Annuity and Pension Business 0.0 0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.0



3512 72 44 17 33 20 2 139 59 23 54 21 3



Linked Business # 151 106 13







TABLE 8: INDIVIDUAL BUSINESS (WITHIN INDIA) BUSINESS IN FORCE (NUMBER OF POLICIES) (Contd.)(Policies in '000) IndiaFirst 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 Private Total 2005-06

Particulars

Life Business Business in force at start of the financial year Additions during the year* Deletions during the year** Business in force at end of the financial year 1 0 1 9007 6589 2757 12839 7531 4031 2555 9007 5741 3431 1638 7533 4745 2316 1321 5740

3545 2096 894 4746

2408 1768 631 3545

General Annuity and Pension Business 0.0 0.0 0.0 0.0 404 75 28 451 372 64 32 404 306 100 35 372 284 45 23 306 261 32 11 285 245 28 10 263


Non linked Health Business 0 302 363 516 392 165 40


Linked Business # 169 70 29496 30428 25264 17532 8439 3352


36169 70




Grand Total 43251 40363 33795 23970 20479 7200



TABLE 8: INDIVIDUAL BUSINESS (WITHIN INDIA) BUSINESS IN FORCE (NUMBER OF POLICIES) (Concld.)(Policies in '000) LIC 2010-11 226058 35392 21069 240381 210154 32907 17003 226058 192428 32017 14291 210154 189419 20496 17487 192428 179564 22959 13104 189419 162951 30947 14334 179564 235065 41981 23825 253221 217685 36939 19558 235065 198169 35448 15930 217687 194164 22812 18808 198168 183109 25055 13998 194165 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 Total 2005-06 165359 32715 14965 183109

Particulars


General Annuity and Pension Business 2780 256 286 2749 2789 256 265 2780 2829 201 241 2789 2909 220 300 2829 2923 176 190 2909 2868 293 239 2923 3184 331 314 3200 3161 319 296 3184 3135 302 276 3161 3193 265 323 3135 3184 208 201 3194 3114 322 249 3186


Non linked Health Business 0 0 0 102 0 0 302 363 516 494 165 40


Linked Business # 42462 49434 44682 38582 20240 3914 71958 79862 69946 56114 28679 7266


37344 291 198 285936 278563 257823 233941 431484 186401




Grand Total 329187 318927 291618 257911 451963 193601



TABLE 9: INDIVIDUAL BUSINESS (WITHIN INDIA) BUSINESS IN FORCE (SUM ASSURED)(` Crore) Bajaj Allianz 2010-11 19098 23556 4600 38055 15195 7496 3593 19098 12998 4604 2407 15195 12554 3427 2983 12998 10619 4562 2627 12554 8041 5033 2455 10619 8723 16075 2748 22050 6069 4485 1831 8723 4102 2782 814 6069 3339 1555 793 4102 1767 2691 1118 3339 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 Reliance 2005-06 992 1050 275 1767

Particulars


General Annuity and Pension Business 219 23 17 225 226 13 20 219 226 17 17 226 239 10 24 226 288 20 68 239 217 97 26 288




Linked Business # 164151 178770 180727 154938 64816 18898 38236 40592 32163 17337 6201 486


38 205253 200912 198477 168501 95793 29805




Grand Total 61640 50401 39431 21962 15116 2253



TABLE 9: INDIVIDUAL BUSINESS (WITHIN INDIA) BUSINESS IN FORCE (SUM ASSURED) (Contd.)(` Crore) Aviva 2010-11 3146 8332 1280 10198 828 2751 433 3146 294 703 168 828 415 199 320 294 201 218 4 415 113 137 49 201 6544 10843 2333 15054 4830 2819 1106 6544 4654 1055 879 4830 5113 694 1153 4654 3933 1853 673 5113 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 Birla Sun Life 2005-06 2951 1381 399 3933

Particulars


General Annuity and Pension Business 2 14 16 3 2 3 2 3 1 3 1 1


Non linked Health Business 704 773 766


Linked Business # 26459 26907 24058 21365 14282 7655 113594 109029 78955 49545 30297 18505


39 36672 30055 24889 21659 15120 7855


Linked Health Business 742 578


Grand Total 130095 116924 84551 54199 41869 22437



TABLE 9: INDIVIDUAL BUSINESS (WITHIN INDIA) BUSINESS IN FORCE (SUM ASSURED) (Contd.)(` Crore) HDFC Standard 2010-11 29563 9024 3212 35376 22252 10525 3232 29544 16973 7510 2233 22251 14253 4067 1347 16973 11801 3444 992 14253 8153 4552 904 11801 27347 16214 7282 36278 29118 9027 10798 27347 21644 13433 6163 28914 15403 9242 3000 21644 13438 3890 1925 15403 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 ICICI Prudential 2005-06 11030 4063 1655 13438

Particulars




Non linked Health Business 377 408 11585 19586 35085 27245 4043 55


Linked Business # 73239 57892 45479 37478 21487 10358 127584 89388 95995 84912 56319 27686


40 110822 89016 69640 55885 55144 23636




Grand Total 177188 137984 161595 135339 98306 42740



TABLE 9: INDIVIDUAL BUSINESS (WITHIN INDIA) BUSINESS IN FORCE (SUM ASSURED) (Contd.)(` Crore) ING Vysya 2010-11 8198 4435 1494 11139 7253 2790 1845 8198 5600 2818 1164 7253 5036 1441 877 5600 4393 1508 865 5036 3580 1706 893 4393 41554 16478 8737 49295 40914 12296 11656 41554 29887 17517 6490 40914 24525 9755 4392 29887 19191 8057 2724 24525 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 Max New York 2005-06 14132 7917 2858 19191

Particulars


General Annuity and Pension Business 360 261 22 599 213 169 22 360 133 5 13 125 139 8 14 133 145 7 13 139 157 6 17 145 167 9 19 157 176 18 26 167


Non linked Health Business 460 735 1268 218


Linked Business # 11253 11477 11127 9499 4804 1351 48743 47876 40593 27989 14906 5174


41 22991 20035 18380 15099 16605 5744




Grand Total 98623 90299 82914 58240 69757 24533



TABLE 9: INDIVIDUAL BUSINESS (WITHIN INDIA) BUSINESS IN FORCE (SUM ASSURED) (Contd.)(` Crore) Metlife 2010-11 9336 4803 2191 11949 7198 3707 1568 9336 5522 2654 978 7198 5018 1396 892 5522 4491 1737 1211 5018 2633 2908 1049 4491 8738 13250 2257 19732 8479 1967 1707 8738 7561 2340 1423 8479 7159 1806 1403 7561 6083 1792 716 7159 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 Kotak Mahindra 2005-06 5351 1863 1132 6083

Particulars




Non linked Health Business 23 44


Linked Business # 35064 31918 29555 19550 6706 1240 27295 29030 25160 16868 9268 5671


42 47056 41314 36768 25086 19198 5747




Grand Total 47286 37992 33874 24678 25556 12016



TABLE 9: INDIVIDUAL BUSINESS (WITHIN INDIA) BUSINESS IN FORCE (SUM ASSURED) (Contd.)(` Crore) SBI Life 2010-11 18018 14914 3208 29725 14455 5642 2080 18018 10997 5035 1576 14455 9155 3156 1314 10997 7254 2849 948 9155 3713 4092 551 7254 14846 5908 2097 18657 13518 3158 1831 14846 12550 2678 1710 13518 12428 3469 3346 12550 10303 4318 2193 12428 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 Tata AIG 2005-06 7216 4382 1295 10303

Particulars


General Annuity and Pension Business 816 43 19 840 976 177 336 816 526 467 17 976 331 196 526 249 89 7 331 172 77 249 434 29 14 448 444 9 20 434 460 14 30 444 475 26 42 460 486 48 58 475 525 54 94 486


Non linked Health Business 5 142 5143 5367 4281 4548 3233 833


Linked Business # 56779 55777 40010 26278 10734 2054 33626 31035 25751 18787 8504 3886


43 87349 74754 55441 37801 31616 9557




Grand Total 60813 54062 44209 36345 42046 15507



TABLE 9: INDIVIDUAL BUSINESS (WITHIN INDIA) BUSINESS IN FORCE (SUM ASSURED) (Contd.)(` Crore) Sahara India 2010-11 1700 855 399 2156 1454 592 345 1700 1085 644 275 1454 568 694 176 1085 289 356 77 568 137 214 61 289 989 1191 294 1886 916 327 254 989 1004 283 372 916 1380 204 580 1004 443 1090 153 1380 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 Shriram 2005-06 0 443 0 443

Particulars


General Annuity and Pension Business 7 3 1 10 8 1 7 8 8 8 1 1 8 8 1 1 8 5 4 1 8




Linked Business # 2712 2875 2551 1604 392 84 6020 7544 5794 3552 1164


44 4878 4583 4013 2696 1699 380




Grand Total 7906 8533 6710 4556 4230 443



TABLE 9: INDIVIDUAL BUSINESS (WITHIN INDIA) BUSINESS IN FORCE (SUM ASSURED) (Contd.)(` Crore) Bharti AXA 2010-11 1412 3566 1164 3814 1314 1210 1112 1412 582 1419 687 1314 65 682 165 582 68 4 65 4179 12943 1627 15495 2041 3845 1707 4179 33 2297 288 2041 33 33 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 Future Generali 2005-06

Particulars


General Annuity and Pension Business 28 2 26 1 2 1 1 1 1 1


Non linked Health Business 147 126


Linked Business # 6071 5487 4148 582 175 4708 5043 891


45 10058 7025 5462 1164 312




Grand Total 20204 9223 2933 33



TABLE 9: INDIVIDUAL BUSINESS (WITHIN INDIA) BUSINESS IN FORCE (SUM ASSURED) (Contd.)(` Crore) IDBI Federal 2010-11 5063 6310 252 11121 1026 4060 24 5063 11 1017 1 1026 11 11 366 723 59 1030 59 341 34 366 59 59 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 Canara HSBC 2005-06

Particulars


General Annuity and Pension Business




Linked Business # 3249 2747 1655 64 12374 6786 2462


46 14370 7810 2682 74




Grand Total 13404 7152 2521



TABLE 9: INDIVIDUAL BUSINESS (WITHIN INDIA) BUSINESS IN FORCE (SUM ASSURED) (Contd.)(` Crore) Aegon Religare 2010-11 3287 7274 664 9896 903 2823 439 3287 999 96 903 114 572 164 522 49 123 58 114 55 6 49 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 DLF Pramerica 2005-06

Particulars


General Annuity and Pension Business 9 9 1 12 1 12




Linked Business # 2965 1193 358 1250 552 29


47 13363 4492 1261







TABLE 9: INDIVIDUAL BUSINESS (WITHIN INDIA) BUSINESS IN FORCE (SUM ASSURED) (Contd.)(` Crore) Star Union Dai-Ichi 2010-11 230 582 79 733 15 273 8 280 15 15 111 111 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 IndiaFirst 2005-06

Particulars


General Annuity and Pension Business 1 8 9 669 669




Linked Business # 2931 1854 328 2722 566


48 3673 2804 343




Grand Total 2833 566



TABLE 9: INDIVIDUAL BUSINESS (WITHIN INDIA) BUSINESS IN FORCE (SUM ASSURED) (Contd.)(` Crore) Private Total 2010-11 212452 177960 46141 344271 177887 80256 45661 212483 135496 69917 27731 177682 116408 41831 22743 135496 94206 38433 16230 116411 68041 39741 13577 94205 2061034 566583 192221 2435396 1784880 454767 178613 2061034 1485380 411205 111705 1784880 1397468 215251 127339 1485380 1280159 239860 122551 1397468 2009-10 2008-09 2007-08 2006-07 2005-06 2010-11 2009-10 2008-09 2007-08 2006-07 LIC 2005-06 1065095 311408 96344 1280159

Particulars




Non linked Health Business 22143 29599 44136 32874 7276 888 3744


Linked Business # 801025 744339 647791 490348 250055 103046 178479 223125 198470 196936 106381 7321


494827 4157 1447 1178249 996603 876172 663317 532367 202653




Grand Total 2677970 2341937 2037531 1733328 3325164 1351392



TABLE 9: INDIVIDUAL BUSINESS (WITHIN INDIA) BUSINESS IN FORCE (SUM ASSURED) (Concld.)(` Crore) Industry Total 2010-11 2273486 744543 238362 2779667 1962767 535023 224274 2273517 1620876 481122 139436 1962562 1513876 257081 150082 1620876 1374365 278293 138781 1513879 2009-10 2008-09 2007-08 2006-07 2005-06 1133136 351149 109921 1374364

Particulars


General Annuity and Pension Business 52271 12208 6899 57581 52294 7726 7067 52952 51867 233753 233539 52081 91557 11678 51368 51867 68426 25824 2693 91556 68160 9306 9041 68425




Linked Business # 979504 967464 846261 687284 356436 110367


5017325 15008 8664 3856219 3338541 2913703




Grand Total 2396646 3857531 1554045



TABLE 10: LINKED AND NON-LINKED PREMIUM OF LIFE INSURERS(Premium in ` Crore) A. LINKED PREMIUM b. Single 2008-09 4459.22 23398.56 23245.78 10663.35 26502.19 28086.26 15122.57 12694.60 19175.90 19574.53 504.10 1996.62 2658.89 6162.70 1224.75 919.91 2736.21 3731.30 1296.16 985.20 2893.05 669.42 54.70 172.72 228.01 102.90 183.49 288.57 26.59 3.24 30.10 261.57 8361.02 2918.06 38.85 353.50 237.67 5.00 1.38 0.00 14.65 21.79 3.50 0.62 5.28 11.91 7.58 650.10 197.80 51.28 543.09 666.91 173.44 109.98 103.85 286.66 79.47 8.74 4.72 170.54 4.61 3.82 1.65 255.42 402.77 315.41 343.70 614.78 141.57 37.00 470.87 201.59 322.91 112.82 135.32 435.96 374.62 43.52 42.29 51.63 61.86 84.24 106.33 308.05 229.66 107.62 287.34 296.15 27.20 3.24 44.75 88.32 54.04 24.53 519.86 752.18 693.95 719.62 265.57 548.14 1732.02 3588.88 3441.19 139.58 30.48 42.67 479.20 788.34 1027.86 1446.71 3326.71 1567.21 90.13 223.58 437.95 200.36 283.52 713.36 105.58 20.75 160.26 93.66 94.55 81.54 150.04 857.88 1289.86 1446.21 2662.68 1141.26 796.19 465.77 2436.27 3748.84 4197.07 5543.65 6536.42 2107.71 1282.61 2567.85 1570.66 77.44 168.88 228.36 35.43 120.70 219.65 13.73 1.04 10.12 0.01 2669.11 27040.46 31839.19 29537.74 42764.83 36419.61 26412.22 1963.38 535.30 494.49 4465.98 4356.00 3230.69 4583.52 2444.60 162.54 19.42 38.91 875.34 1113.37 958.82 1985.75 1543.58 277.44 187.63 18.71 882.87 1202.03 1243.46 1603.25 1416.02 876.66 927.57 1287.58 5789.33 1230.29 701.47 1319.32 1258.88 39.18 100.49 61.60 0.00 1.28 0.00 0.00 0.00 0.00 1904.66 113.15 232.82 6082.84 6073.63 6395.52 9564.93 9746.75 8107.79 23.29 40.92 40.67 1749.70 2928.34 2699.56 3550.68 2514.84 1723.32 5300.38 15647.77 2486.11 2861.09 9049.49 7979.93 3520.56 1925.91 5058.73 2087.07 151.99 659.53 693.37 370.90 570.18 1363.46 303.38 72.03 703.35 760.57 69805.28 556.22 216.00 269.97 3493.54 2692.44 2266.58 3898.47 3081.19 2462.86 7392.01 19.06 6.87 22.36 145.35 318.74 526.47 702.12 732.00 524.61 847.47 39196.78 47262.15 1050.75 5773.63 5443.18 15820.38 2618.06 2656.95 6800.60 10285.27 3397.56 2070.95 6156.72 2322.84 161.68 543.51 631.13 350.84 464.40 834.42 155.30 38.05 480.99 201.60 68258.80 55949.96 90647.06 2010-11 2009-10 2008-09 2010-11 2009-10 2008-09 2010-11 2009-10 2008-09 2010-11 2009-10 c. First Year (a+b) d. Renewal e. Total (c+d) 2008-09 34697.10 1051.08 4729.45 4422.89 14503.31 2120.12 1886.39 4518.27 9986.40 2676.49 1729.33 4760.51 1952.83 145.51 408.54 291.26 107.62 288.62 296.15 27.20 3.24 44.75 2009-10 4840.47 311.88 2476.44 2887.42 5960.48 1014.41 1093.95 3820.70 2952.65 1208.31 757.86 3323.31 698.14 41.95 261.80 398.96 306.67 233.72 602.87 138.06 35.62 233.20 162.74

Insurer

a. Regular

2010-11

LIC

3103.62

ING Vysya

126.29

HDFC Standard

2937.32

Birla Sunlife

1726.41

ICICI Prudential

4178.18

Kotak Mahindra

605.42

Tata AIG

712.79

SBI Life

2502.60

Bajaj Allianz

1295.01

Max New York

763.33

Metlife

339.62

Reliance

1012.40


51

Aviva

431.54

Sahara

18.34

Shriram

113.05

Bharti AXA

250.81

Future Generali

91.07

IDBI Federal

113.22

Canara HSBC

644.82

Aegon Religare

176.01

DLF Pramerica

46.28

Star Union Dai-ichi

189.58

IndiaFirst

405.34

Private Total

18679.43 28921.13 26868.63

Industry Total

21783.06 33761.61 31327.85 31759.59 26163.84 13332.46 53542.64 59925.45 44660.31 55459.42 55595.51 45986.75 109002.07 115520.96

TABLE 10: LINKED AND NON-LINKED PREMIUM OF LIFE INSURERS (Contd.)(Premium in ` Crore) B. NON-LINKED PREMIUM b. Single 2008-09 95379.51 268.21 666.41 30.80 448.08 118.04 628.19 618.68 432.19 903.76 191.55 116.27 32.57 61.45 6.42 63.27 42.35 56.85 7.84 77.07 22.87 3.86 215.60 37.86 819.86 12328.19 8.80 0.38 49.00 0.00 6532.82 4614.26 29.43 0.26 4.01 0.13 5.44 25.96 6.28 77.20 82.53 1.21 8.16 0.14 14.36 0.00 5998.12 8.98 48.33 22.89 3.94 20.01 49.87 0.19 1.55 0.02 0.38 0.00 4578.32 99957.83 3933.21 924.28 123.51 677.26 537.88 343.76 784.06 150.48 99.24 9.43 33.27 21.21 5.88 2.64 0.92 0.00 0.00 0.00 0.00 436.60 27.63 376.68 2232.86 489.40 1124.13 3862.15 1630.02 2292.07 582.26 1512.42 258.10 91.42 161.99 98.65 355.26 240.82 168.40 85.23 23.01 229.96 37.86 18326.31 450.72 1612.16 228.72 861.47 149.07 339.74 105.07 182.62 62.65 150.31 1828.69 281.08 297.55 81.22 179.08 9.19 27.68 6.03 47.67 41.73 0.72 0.26 2.32 0.13 1.59 14.98 3794.41 3343.43 0.00 61.39 26.96 0.00 0.00 0.00 1.93 0.45 1.69 15.29 6.54 0.00 167.19 7.93 5.04 28.71 158.28 2.28 0.41 0.61 278.06 21.42 28.53 15.60 92.36 34.66 170.67 89.65 37.68 0.39 136.03 44.88 0.00 0.00 0.00 29.97 40.59 27.68 1.33 0.06 21.42 225.53 46.20 30.61 30.70 25.06 -106.29 1302.92 331.90 72.79 12.82 44.06 35.62 227.02 273.51 116.84 355.24 209.50 191.85 120.06 99.15 1203.51 559.22 396.70 1088.56 12.47 83.56 13.28 1029.55 702.26 294.36 600.48 2234.83 223.63 327.26 3106.41 2684.75 2155.95 755.74 61.96 28.97 33.54 456.87 208.64 183.85 667.26 118.72 62.59 36.92 370.27 131.95 99.56 119.12 264.79 162.34 233.69 1779.30 260.29 416.31 453.56 27.75 1.82 16.22 330.60 31.67 121.29 46.08 164.05 57.61 44.78 565.79 565.06 384.53 1046.37 7.29 8.90 13.41 515.13 323.69 162.49 346.34 591.90 1231.47 62.47 708.37 249.99 836.83 3303.43 1134.45 1462.98 465.06 448.17 55.18 88.91 67.76 38.60 190.68 106.72 8.03 10.36 0.40 49.38 0.00 11111.14 8547.47 88467.64 182602.93 149926.29 131138.41 2010-11 2009-10 2008-09 2010-11 2009-10 2008-09 2010-11 2009-10 2008-09 2010-11 2009-10 c. First Year (a+b) d. Renewal e. Total (c+d) 2008-09 391.21 835.24 148.92 852.91 223.07 861.11 2693.83 638.12 1180.77 267.32 172.03 40.04 60.95 27.64 69.15 44.99 30.35 0.26 4.01 0.13 5.44 84534.43 164276.61 138815.16 122590.94 2009-10 314.79 507.45 29.85 97.95 69.36 179.67 2461.12 618.70 439.16 229.45 306.84 46.14 40.59 7.20 6.13 170.26 51.81 1.30 8.36 0.38 22.04 0.00 5608.54

Insurer

a. Regular

2010-11

LIC

33161.73 21344.01 14681.40 27348.43 22091.64 23375.11 60510.16 43435.65 38056.51 103766.45

ING Vysya

507.84

HDFC Standard

401.73

Birla Sunlife

302.86

ICICI Prudential

1514.51

Kotak Mahindra

251.55

Tata AIG

394.92

SBI Life

871.59

Bajaj Allianz

1017.08

Max New York

1011.66

Metlife

214.20

Reliance

1272.22


52

Aviva

224.20

Sahara

29.97

Shriram

46.38

Bharti AXA

70.95

Future Generali

275.79

IDBI Federal

150.35

Canara HSBC

151.89

Aegon Religare

75.14

DLF Pramerica

22.87

Star Union Dai-ichi

154.21

IndiaFirst

22.87

Private Total

8984.76

Industry Total

42146.49 26952.54 18475.80 30691.86 23015.92 24194.97 72838.36 49968.46 42670.77 109764.57

TABLE 10: LINKED AND NON-LINKED PREMIUM OF LIFE INSURERS (Concld.)(Premium in ` Crore) C. TOTAL OF LINKED AND NON-LINKED PREMIUM (A+B) b. Single 2008-09 87012.35 660.49 4059.33 2080.30 7862.14 1253.14 1332.21 2171.76 3063.28 6968.61 3011.46 1474.16 2684.12 1599.79 151.58 314.47 292.93 149.97 400.56 622.62 150.37 74.15 758.69 704.77 3488.97 39368.65 37.38 519.87 201.59 38372.01 34152.01 316.78 296.41 31.21 3.37 50.19 249.54 444.23 277.55 366.05 714.57 113.74 20.89 174.62 93.66 48762.94 1579.64 125.77 191.77

Documents

IRDA Handbook 2010-11 Full Report