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HANDBOOKON
INDIAN INSURANCE STATISTICS2011-12
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITYINDIA
Head Offi ce Delhi Offi ce3rd Floor, Parishram Bhavan Gate No. 3, 1st Floor, Jeevan TaraBasheerbagh, Hyderabad 500 004 Parliament Street, New Delhi 110 001INDIA. INDIA.Phone : +91-40-2338 1100 / 1300 Phone : +91-11-2374 7648Fax : +91-40-6682 3334 Fax : +91-11-2374 7650
Website: www.irda.gov.inE-mail: [email protected]
FOREWORD
The Insurance Regulatory and Development Authority (IRDA) is the regulator for the insurance sector in India. The Authority has been set up with the mandate to protect the interests of the policyholders and to regulate, promote and ensure orderly growth of the insurance industry. The Authority, as part of the regulatory oversight, has mandated submission of Reports/Returns to be submitted by its regulated entities, including insurance companies, intermediaries and Third Party Administrators (TPAs), at periodic intervals. With the stabilization of the Industry post opening up of the sector to private participation in the year 2000, a wealth of statistical information has been generated. This information has been captured into different time-series tabulations to provide an insight into the various aspects of the operations of the industry commencing from the year 2000-01. The initiative which began in the year 2007-08, with the maiden edition of the Handbook on Indian Insurance Statistics has been alleviated to consistently improve the datasets which are being published on an annual basis.
The present edition is fi fth in the series, and its scope has been enlarged to include additional industry-wide data on both life and non-life insurance companies and intermediaries. Thus, the fi fth edition of the Handbook has widened the coverage by incorporating additional statistical trends which, amongst others, includes statistics on state-wise life insurance penetration and density of individual new business, persistency of life insurance policies; average number of policies; average new business premium and average premium per policy for individual and corporate agents.
I commend the contribution of Dr. Mamta Suri, Joint Director 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 fi nd this Handbook useful. My team at IRDA will continue to strive at improving the coverage and content of the Handbook in its subsequent editions as well. We welcome all readers and users of this publication to offer their valuable feedback and suggestions. The suggestions and feedback may be directly sent through e-mail to [email protected]
(J. HARI NARAYAN)
Place: HyderabadDate: 27.12.2012
yeercee efJeefveeeceke Deewj efJekeeme HeeefOekejCeINSURANCE REGULATORY ANDDEVELOPMENT 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
iHANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12
CONTENTSSI. No.
Particulars Page No.
SUMMARYA Summary of Indian Life Insurance Sector 3-4B Summary of Indian Non-Life Insurance Sector 5C International Comparison of Insurance Penetration 6-7D International Comparison of Insurance Density 8-9
CHARTS Life Insurance
1 Number of Insurers 132 Region Wise Distribution of Offi ces 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 Profi tability 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 Profi tability of Sector 2016 Incurred Claim Ratio 20
TABLES
PART - I LIFE INSURANCE
1 Life Insurance Companies Operating in India 232 First Year Life Insurance Premium 243 Total Life Insurance Premium 254 Individual New Business Performance of Life Insurers - Channel Wise 265 Group New Business Performance of Life Insurers - Channel Wise 276 State Wise Individual New Business Underwritten 287 State Wise Group New Business Underwritten 29
ii
HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12
SI. No.
Particulars Page No.
8 State wise Life Insurance Penetration and Density of Individual New Business 309 Number of New Policies Issued 31
10 Individual Business (Within India) - Business in Force (Number of Policies) 32-4211 Individual Business (Within India) - Business in Force (Sum Assured) 43-5412 Linked and Non - Linked Premium of Life Insurers 55-5713 Linked and Non - Linked Commission of Life Insurers 58-6014 Individual Death Claims 6115 Group Death Claims 6216 Duration Wise Settlement of Death Claims - Individual Category 63-6917 Duration Wise Settlement of Death Claims - Group Category 70-7818 Assets Under Management of Life Insurers 7919 Equity Share Capital of Life Insurers 8020 Solvency Ratio of Life Insurers 81-8221 Life Insurers - Policyholders Account 83-9722 Life Insurers - Shareholders Account 98-11123 Life Insurers - Balance Sheet 112-12324 Life Insurance Corporation of India - Policyholders Account (Non-Participating) 12425 Life Insurance Corporation of India - Shareholders Account (Non-Participating) 12526 Life Insurance Corporation of India - Balance Sheet (Non-Participating) 12627 Individual Business - Details of Forfeiture/Lapsed Policies in Respect of Non-Linked Business 12728 Persistency of Life Insurance Policies 12829 Number of Individual Agents of Life Insurers 12930 Number of Corporate Agents of Life Insurers 13031 Average Number of Policies Sold by Individual and Corporate Agents 13132 Average New Business Premium for Individual and Corporate Agents 13233 Average Premium Per Policy for Individual and Corporate Agents 13334 State Wise Distribution of Offi ces of Life Insurers 134-13935 Region Wise Distribution of Offi ces of Life Insurers 14036 State Wise Distribution of Individual Agents 141-15037 New Business Under Micro Insurance Portfolio 151-15238 Death Claims Under Micro Insurance Portfolio - Individual Category 153-15539 Death Claims Under Micro Insurance Portfolio - Group Category 156-15740 Duration Wise Settlement of Claims- Micro Insurance - Individual Category 158-16041 Duration Wise Settlement of Claims- Micro Insurance Claims - Group Category 161-16242 Company Wise Number of Micro-Insurance Agents 16343 Status of Grievances - Life Insurance 16444 Performance of Ombudsmen at Different Centers - Life Insurance 165-166
iii
HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12
SI. No.
Particulars Page No.
PART - II NON-LIFE INSURANCE
45 Non-Life Insurance Companies Operating in India 16946 Gross Direct Premium of Non-Life Insurance (Within & Outside India) 17047 Segment Wise Gross Direct Premium of Non-Life Insurers (Within India) 171-17548 Segment Wise Net Premium Income in India (Earned) 176-18049 Health Insurance (Other than Travel-domestic/overseas & Personal accident):
Gross Premium and Number of Persons Covered181-182
50 Personal Accident Insurance : Gross Premium and Number of Persons Covered 183-18451 Channel Wise Gross Direct Premium of Non Life Insurers 18552 State Wise Gross Direct Premium Income 186-18953 Number of New Policies Issued : Non-Life Insurers 19054 Net Retentions of Non Life Insurers 19155 Incurred Claims Ratio - Public & Private Sector Non-Life Insurers 192-20556 Underwriting Experience and Profi ts of Public Sector Companies 206-21057 Underwriting Experience and Profi ts of Private Sector Companies 211-21958 Assets Under Management of Non-Life Insurers 22059 Equity Share Capital of Non-Life Insurers 22160 Solvency Ratio of Non-Life Insurers 22261 Public Sector Non-Life Insurers - Policyholders Account 223-23862 Public Sector Non Life Insurers - Shareholders Account 239-24363 Public Sector Non-Life Insurers - Balance Sheet 244-24864 Private Sector Non-Life Insurers - Policyholders Account 249-27865 Private Sector Non-Life Insurers - Shareholders Account 279-28766 Private Sector Non-Life Insurers - Balance Sheet 288-29667 Health Insurers - Policyholders Account 297-29868 Health Insurers - Shareholders Account 299-30069 Health Insurers - Balance Sheet 30170 Export Credit Guarantee Corporation Ltd. (ECGC) - Policyholders Account 30271 Export Credit Guarantee Corporation Ltd.(ECGC) - Shareholder Account 30372 Export Credit Guarantee Corporation Ltd. (ECGC) Balance Sheet 30473 Agriculture Insurance Company of India Ltd. (AIC) - Policyholders Account 30574 Agriculture Insurance Company of India Ltd. (AIC) - Shareholders Account 30675 Agriculture Insurance Company of India Ltd. (AIC) Balance Sheet 30776 General Insurance Corporation (GIC) - Policyholders Account 30877 General Insurance Corporation (GIC) - Shareholders Account 309
iv
HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12
SI. No.
Particulars Page No.
78 General Insurance Corporation (GIC) Balance Sheet 31079 State Wise Number of Offi ces of Non-Life Insurers 311-31480 State-Wise Number of Registered Brokers 31581 Third Party Administration Number of Claims Received & Duration Wise Settlement of Claims 316-32082 Status of Grievances - Non-Life Insurers 321-32283 Performance of Ombudsmen at different centers - Non - Life Insurance 323-32484 Performance of Ombudsmen at different centers - Life and Non-Life Insurance Combined 325-326
SUMMARY
HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12
3HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12A
. SU
MM
ARY
OF
IND
IAN
LIF
E IN
SUR
AN
CE
SEC
TOR
(Con
td.)
PART
ICUL
ARS
Rema
rks
Unit
2000
-0120
01-02
2002
-0320
03-04
2004
-0520
05-06
2006
-0720
07-08
2008
-0920
09-10
2010
-1120
11-12
PROF
ILE
No of
comp
anies
As
on 31
st Marc
hNo
s.5
1213
1314
1516
1822
2323
24
No of
bran
ch of
fi ces
As on
31st M
arch
Nos.
2199
2306
2445
2612
3001
3865
5373
8913
1181
512
018
1154
611
167
Insura
nce p
enetr
ation
Calen
der Y
ear
In pe
r cen
t2.1
52.5
92.2
62.5
32.5
34.1
04.0
04.0
04.6
04.4
03.4
0
Insura
nce d
ensit
yCa
lende
r Yea
rUS
$9.1
011
.7012
.9015
.7018
.3033
.2040
.4041
.2047
.7055
.7049
.00
BUSIN
ESS F
IGUR
ES
Numb
er of
new
polic
ies is
sued
FYIn
Lakh
s25
3.71
286.2
726
2.11
354.6
246
1.52
508.7
450
9.23
532.2
548
1.52
441.9
3
First
year
premi
um (In
cludin
g sin
gle pr
emium
)FY
(` Cr
ore)
9707
1985
716
942
1978
826
218
3878
675
649
9371
387
331
1098
9412
6381
1139
42
Total
Prem
ium
FY(`
Crore
)34
898
5009
455
748
6665
482
855
1058
7615
6076
2013
5122
1785
2654
4729
1605
2870
72
Marke
t sha
re of
LIC (b
ased
on
Total
Prem
ium)
FYIn
Per c
ent
99.98
99.46
97.99
95.32
90.67
85.75
81.90
74.39
70.92
70.10
69.78
70.68
Indivi
dual
Busin
ess i
n Forc
e (N
umbe
r of p
olicie
s)FY
In Th
ousa
nds
1936
0145
1963
2579
1129
1618
3189
2732
9187
3352
84
Indivi
dual
Busin
ess i
n Forc
e (S
um As
sured
)FY
(` Cr
ore)
1554
045
3857
531
2396
646
2913
703
3338
541
3856
219
4311
470
INTE
RMED
IARI
ES
No of
indiv
idual
agen
tsAs
on 31
st Marc
hNo
s.47
6902
1038
802
1556
817
4812
5014
2383
919
9319
925
2049
229
3743
537
4243
926
3939
223
5888
5
No of
corpo
rate a
gents
As on
31st M
arch
Nos.
275
757
2436
819
216
656
2415
2506
2930
2165
882
Comm
ission
paid
FY(`
Lakh
)45
6691
5152
7361
5838
7098
6186
3548
1226
864
1468
058
1549
598
1803
559
1828
029
1848
619
Opera
ting E
xpen
ses r
elated
to
Insura
nce B
usine
ssFY
(` La
kh)
4674
17
5451
15
6424
83
8215
60
9611
0513
5858
4 20
3067
3 25
8319
028
9062
832
9423
0 29
6745
9
POLIC
YHOL
DERS
' SER
VICES
No of
claim
s sub
mitte
d (In
dividu
al)FY
No. o
f po
licies
5773
2264
0620
7624
3585
1534
8542
00
No of
claim
s sub
mitte
d (Gr
oup)
FYNo
of Li
ves
1628
3726
4138
3091
5143
6201
4024
07Am
ount
Claim
ed (In
dividu
al)FY
(` Cr
ore)
4625
.9552
79.02
6541
.0482
86.40
9157
.94Am
ount
Claim
ed (G
roup)
FY(`
Crore
)11
14.31
1383
.0416
78.77
2118
.0124
58.45
Total
Ben
efi t P
aid (N
et)FY
(` La
kh)
1747
952
2054
522
2399
357
2875
133
3520
986
5571
501
6168
637
5837
029
9556
491
1421
5045
15
2671
08
4HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12A
. SU
MM
ARY
OF
IND
IAN
LIF
E IN
SUR
AN
CE
SEC
TOR
(Con
cld.
)
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
2011
-12
Chan
nel W
ise-N
ew B
usin
esss
(Am
ount
of P
rem
ium
)-Ind
ividu
al pl
us G
roup
Indivi
dual
agen
tsFY
(` Cr
ore)
5461
167
611
5688
466
906
6809
453
113
Corp
orate
agen
ts-Ba
nks
FY(`
Crore
)36
9068
2273
0792
8812
391
1281
1Co
rpor
ate ag
ents-
Othe
rsFY
(` Cr
ore)
1829
3503
3511
3912
3277
2322
Brok
ers
FY(`
Crore
)36
357
385
714
7616
8514
60Di
rect
sellin
gFY
(` Cr
ore)
1384
715
174
1834
028
262
4088
644
163
Total
FY(`
Crore
)75
597
9368
386
900
1098
4512
6333
1138
68Re
ferra
lsFY
(` Cr
ore)
1258
2347
2731
2610
875
35Ch
anne
l Wise
-New
Bus
ines
s (No
. of L
ives C
over
ed)-I
ndivi
dual
plus
Gro
upInd
ividu
al ag
ents
FYIn
Lakh
s42
3.29
499.8
946
2.66
540.3
345
0.17
478.0
6Co
rpor
ate ag
ents-
Bank
sFY
In La
khs
29.06
34.62
41.43
32.66
65.88
47.99
Corp
orate
agen
ts-Ot
hers
FYIn
Lakh
s17
.5332
.7433
.3510
3.59
97.24
27.32
Brok
ers
FYIn
Lakh
s7.5
19.4
89.5
053
.6651
.6928
.47Di
rect
sellin
gFY
In La
khs
174.9
727
7.23
490.9
260
8.64
648.4
052
6.90
Total
FYIn
Lakh
s66
0.15
853.9
610
37.85
1338
.8813
13.39
1108
.74Re
ferra
lsFY
In La
khs
7.79
13.52
19.57
12.86
8.68
0.13
Regi
on W
ise d
istrib
utio
n of
Offi
ces
Metro
As on
31st
March
Nos.
549
939
1265
1244
1132
1106
Urba
nAs
on 31
st Ma
rchNo
s.13
4716
3721
2321
0519
8819
56Se
mi-U
rban
As on
31st
March
Nos.
2159
3540
4513
4530
4668
4792
Othe
rsAs
on 31
st Ma
rchNo
s.13
1827
9739
1441
3937
5833
13To
talAs
on 31
st Ma
rchNo
s.53
7389
1311
815
1957
511
546
1116
7As
sets
Und
er M
anag
emen
tLif
e Fun
dAs
on 31
st Ma
rch(`
Crore
)19
4010
2303
6922
9649
3073
0936
6220
3971
8946
5555
5416
3062
9650
7312
9184
1075
9746
20Pe
nsion
& G
ener
al An
nuity
&
Grou
p fun
dAs
on 31
st Ma
rch(`
Crore
)0
030
638
4362
754
705
6407
471
575
9126
211
3952
1436
2718
9927
2366
67
Unit U
LIP F
und
As on
31st
March
(` Cr
ore)
00
266
1688
7527
2588
867
050
1330
7717
2763
3375
4039
9116
3699
72To
tal F
und
As on
31st
March
(` Cr
ore)
1940
1023
0369
2605
5235
2625
4284
5248
7151
6041
8076
5969
9163
6512
1245
814
3011
815
8125
9Pr
ofi t/(
Loss
) afte
r tax
As on
31st
March
(` La
kh)
2911
559
398
1106
4(41
456)
(1648
3)(45
242)
(1159
60)
(3412
81)
(4883
01)
(9888
2)26
5704
5973
53Eq
uity C
apita
lAs
on 31
st Ma
rch(`
Crore
)16
6922
3432
4443
5358
9281
2412
296
1825
521
020
2366
224
932
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
3096
13
No. o
f com
plaint
s rep
orted
wi
th the
Omb
udsm
en at
dif
feren
t cen
tres
FYNo
s.19
6724
8134
0448
9349
8054
3355
6557
5389
6711
017
1235
3
5HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12B
. SU
MM
ARY
OF
IND
IAN
NO
N-L
IFE
INSU
RA
NC
E SE
CTO
RPA
RTIC
ULAR
SRe
marks
Unit
2000
-0120
01-02
2002
-0320
03-04
2004
-0520
05-06
2006
-0720
07-08
2008
-0920
09-10
2010
-1120
11-12
PROF
ILE
No of
comp
anies
(incl
reins
urer
)As
on 31
st Ma
rchNo
s.9
1315
1515
1516
1921
2325
25Ins
uran
ce pe
netra
tion
Calen
der Y
ear
In pe
rcent
0.56
0.67
0.62
0.64
0.61
0.60
0.60
0.60
0.60
0.71
0.70
Insur
ance
dens
ityCa
lende
r Yea
rUS
$2.4
3.03.5
4.04.4
5.26.2
6.26.7
8.710
BUSI
NESS
FIG
URES
Numb
er of
new
polic
ies is
sued
FYIn
Lakh
s43
641
749
851
146
757
367
167
579
385
7Gr
oss D
irect
Prem
ium (W
ithin
& Ou
tside
India
)FY
(` Cr
ore)
1238
514
870
1654
218
456
2133
925
930
2880
631
428
3581
643
842
5457
8Ma
rket s
hare
of P
SUs (
Exclu
ding G
IC, A
IC &
EC
GC)
In Pe
r cen
t96
.2290
.9286
.3581
.0074
.8766
.6061
.4859
.7459
.2060
.2259
.11
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
5429
71Ma
rine
FY(`
Lakh
)98
515
1105
340
1215
1911
1754
1228
1012
8409
1627
8432
857
1956
1521
6759
2518
7728
7459
Motor
FY(`
Lakh
)87
3338
1069
666
1268
525
1333
602
1504
699
1817
272
2423
864
Healt
hFY
(` La
kh)
2220
7533
1929
4894
4260
8800
7311
3799
4393
1177
730
Othe
rsFY
(` La
kh)
6757
4477
2485
9736
9511
3272
212
9215
843
4697
5129
2949
8604
5586
9862
2522
7385
9485
5553
Total
FY(`
Lakh
)98
0695
1144
582
1390
692
1559
481
1748
060
2035
972
2490
549
2788
134
3035
183
3462
045
4257
647
5287
577
Net R
eten
tions
of N
on-L
ife In
sure
rsFir
eFY
In Pe
r Cen
t80
.576
.085
.865
.775
.777
.3573
.9965
.3975
.16Ma
rine C
argo
FYIn
Per C
ent
89.5
85.1
91.8
77.1
84.4
88.59
85.35
79.18
78.86
Marin
e Hull
FYIn
Per C
ent
26.7
25.6
39.8
18.3
20.0
31.26
23.31
25.06
32.29
Engin
eerin
gFY
In Pe
r Cen
t81
.375
.891
.672
.977
.571
.2668
.8870
.1573
.53Mo
torFY
In Pe
r Cen
t99
.099
.610
0.096
.210
0.099
.9999
.9998
.8899
.02Av
iation
FYIn
Per C
ent
26.0
23.5
48.5
21.9
24.2
23.71
25.64
37.50
20.16
Misc
ellan
eous
FYIn
Per C
ent
94.7
88.4
94.5
89.6
97.1
96.95
91.39
90.63
94.52
Total
- All S
egme
ntsFY
In Pe
r Cen
t87
.986
.592
.683
.491
.394
.4590
.3088
.2491
.84In
curre
d Cl
aims R
atio
Fire
FYIn
Per C
ent
46.52
47.04
30.33
39.54
64.57
58.52
68.69
75.74
79.91
86.07
96.77
Marin
eFY
In Pe
r Cen
t59
.7067
.1062
.1966
.6174
.4186
.5291
.6310
2.93
78.08
90.18
83.42
Motor
FYIn
Per C
ent
84.69
92.31
88.82
84.51
102.5
494
.90He
alth
FYIn
Per C
ent
141.0
210
6.99
105.9
511
1.13
100.0
893
.97Mi
scell
aneo
usFY
In Pe
r Cen
t10
5.15
109.1
288
.9586
.2786
.8852
.8552
.5254
.1756
.6456
.1354
.35To
tal- A
ll Seg
ments
FYIn
Per C
ent
88.02
78.27
77.20
77.43
88.39
81.27
87.78
86.31
85.67
93.30
88.85
Asse
ts Un
der M
anag
emen
tAs
on 31
st Ma
rch(`
Crore
)38
442
(2664
6)63
191
1425
3612
9350
1473
6631
3711
2249
3239
707
1204
51(51
5547
)(88
1684
)Un
derw
riting
Pro
fi t/Lo
ssFY
(` La
kh)
2446
223
400
3033
434
075
3741
242
332
5038
356
280
5889
366
372
8252
099
268
Equit
y Sha
re C
apita
l (Inc
luding
spec
ialise
d ins
urer
s but
exclu
ding G
IC))
As on
31st
March
(` Cr
ore)
1517
1723
2149
2299
2784
3056
3661
4400
5255
6276
7396
Comm
ission
expe
nses
FY(`
Lakh
)(53
19)
(2420
)86
3411
075
3038
440
078
2523
361
750
1046
6011
9879
1443
7320
2825
Oper
ating
expe
nses
realt
ed to
Insu
ranc
e bus
iness
FY(`
Lakh
)22
5842
2680
6930
8449
4203
4644
0489
5200
0154
1293
6322
0976
0976
8746
0010
6204
811
1776
3Op
erati
ng pr
ofi t/(
Loss
)FY
(2554
)(57
594)
1069
646
452
8782
438
922
2057
8513
5774
(1044
51)
(1047
74)
(3686
07)
(2445
76)
Incom
e fro
m inv
estm
ents
FY(`
Lakh
)15
1478
077
9122
412
6067
1422
4619
2612
2110
7926
0384
2264
9427
7048
4394
7830
7745
Profi
t afte
r tax
(Ind
ustry
Total
)FY
(` La
kh)
(1358
)(72
10)
6806
414
1100
1538
1117
4723
3551
3428
6300
8421
211
7061
(1018
94)
3229
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
7493
155
No. o
f com
plaint
s rep
orted
with
the
Ombu
dsme
n at d
iffere
nce c
entre
sFY
Nos.
2969
3898
4311
4534
4094
4756
5300
5640
7097
1004
899
87
6HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12C
: IN
TER
NAT
ION
AL
CO
MPA
RIS
ON
OF
INSU
RA
NC
E PE
NET
RAT
ION
*(In
Per
cent)
Coun
tries
2001
2002
2003
2004
2005
2006
Total
Life
Non-L
ifeTo
talLif
eNo
n-Life
Total
Life
Non-L
ifeTo
talLif
eNo
n-Life
Total
Life
Non-L
ifeTo
talLif
eNo
n-Life
Austr
alia
9.15
5.73.4
58.4
85.0
23.4
67.9
94.4
23.5
78.0
24.1
73.8
56.6
03.5
13.0
97.0
03.8
03.2
0
Braz
il2.1
40.3
61.7
82.7
91.0
51.7
42.9
61.2
81.6
82.9
81.3
61.6
23.0
11.3
31.6
82.8
01.3
01.6
0
Fran
ce8.5
85.7
32.8
58.5
85.6
12.9
79.1
55.9
93.1
69.5
26.3
83.1
410
.217.0
83.1
311
.007.9
03.1
0
Germ
any
6.59
33.5
96.7
63.0
63.7
6.99
3.17
3.82
6.97
3.11
3.86
6.79
3.06
3.73
6.70
3.10
3.60
Russ
ia3.0
61.5
51.5
12.7
70.9
61.8
13.2
51.1
22.1
32.8
30.6
12.2
22.2
70.1
22.1
52.3
00.1
02.3
0
South
Afric
a17
.9715
.192.7
818
.7815
.922.8
615
.8812
.962.9
214
.3811
.432.9
513
.8710
.843.0
316
.0013
.003.0
0
Switz
erlan
d12
.717.9
54.7
613
.368.1
45.2
212
.747.7
25.0
211
.756.7
35.0
211
.196.2
04.9
911
.006.2
04.9
0
Unite
d King
dom
14.18
10.73
3.45
14.75
10.19
4.56
13.37
8.62
4.75
12.6
8.92
3.68
12.45
8.90
3.55
16.50
13.10
3.40
Unite
d Stat
es8.9
74.4
4.57
9.58
4.64.9
89.6
14.3
85.2
39.3
64.2
25.1
49.1
54.1
45.0
18.8
04.0
04.8
0
Asian
Cou
ntrie
s
Bang
lades
h0.4
60.2
90.1
70.4
60.2
90.1
70.5
70.3
70.2
0.57
0.37
0.20.6
10.4
20.2
00.6
00.4
00.2
0
Hong
Kon
g6.3
45.1
31.2
16.6
55.2
1.45
7.88
6.38
1.59.2
77.8
81.3
99.9
38.6
31.2
910
.509.2
01.2
0
Indi
a#2.7
12.1
50.5
63.2
62.5
90.6
72.8
82.2
60.6
23.1
72.5
30.6
43.1
42.5
30.6
14.8
04.1
00.6
0
Japa
n11
.078.8
52.2
210
.868.6
42.2
210
.818.6
12.2
10.51
8.26
2.25
10.54
8.32
2.22
10.50
8.30
2.20
Malay
sia5.1
83.3
81.8
4.91
2.94
1.97
5.35
3.29
2.06
5.43.5
21.8
85.4
23.6
01.8
24.9
03.2
01.7
0
Pakis
tan0.6
80.3
0.38
0.62
0.24
0.38
0.62
0.24
0.38
0.71
0.28
0.43
0.67
0.27
0.40
0.80
0.30
0.50
PR C
hina
2.21.3
40.8
62.9
82.0
30.9
53.3
32.3
1.03
3.26
2.21
1.05
2.70
1.78
0.92
2.70
1.70
1.00
Sing
apor
e4.5
83.4
1.18
4.91
3.48
1.43
7.59
6.09
1.57.5
6.02
1.48
7.47
6.00
1.48
6.50
5.40
1.10
South
Kor
ea12
.078.6
93.3
811
.618.2
33.3
89.6
36.7
72.8
69.5
26.7
52.7
710
.257.2
72.9
811
.107.9
03.2
0
Sri L
anka
1.20.5
30.6
71.3
0.55
0.75
1.30.5
50.7
51.3
70.6
0.77
1.46
0.62
0.84
1.60
0.60
0.90
Taiw
an8.6
26.0
32.5
910
.167.3
52.8
111
.318.2
83.0
314
.1311
.063.0
714
.1111
.172.9
314
.5011
.602.9
0
Thail
and
2.94
1.86
1.08
3.24
2.09
1.15
3.45
2.25
1.23.5
21.9
41.5
83.6
11.9
91.6
23.5
01.9
01.6
0
Wor
ld7.8
34.6
83.1
58.1
44.7
63.3
88.0
64.5
93.4
77.9
94.5
53.4
47.5
24.3
43.1
87.5
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)# d
ata re
lates
to fi n
ancia
l yea
r.So
urce
: Swi
ss R
e, Si
gma v
ariou
s volu
mes
7HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12C
: 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)
2007
2008
2009
2010
2011
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
6.80
3.80
3.00
7.30
4.40
2.90
6.40
3.40
3.00
5.90
3.10
2.80
6.00
3.00
3.00
Braz
il3.0
01.4
01.6
03.0
01.4
01.6
03.1
01.6
01.5
03.1
01.6
01.5
03.2
01.7
01.5
0
Fran
ce10
.307.3
03.0
09.2
06.2
03.0
010
.307.2
03.1
010
.507.4
03.1
09.5
06.2
03.3
0
Germ
any
6.60
3.10
3.60
6.60
3.00
3.50
7.00
3.30
3.70
7.20
3.50
3.70
6.80
3.20
3.60
Russ
ia2.4
00.1
02.4
02.3
00.0
02.3
02.5
00.0
02.5
02.3
00.0
02.3
02.4
00.1
02.3
0
South
Afric
a15
.3012
.502.8
015
.3012
.502.9
012
.9010
.002.9
014
.8012
.002.8
012
.9010
.202.7
0
Switz
erlan
d10
.305.7
04.6
09.9
05.5
04.4
09.8
05.4
04.5
09.9
05.5
04.4
010
.005.5
04.5
0
Unite
d King
dom
15.70
12.60
3.00
15.70
12.80
2.90
12.90
10.00
3.00
12.40
9.50
2.90
11.80
8.70
3.10
Unite
d Stat
es8.9
04.2
04.7
08.7
04.1
04.6
08.0
03.5
04.5
08.0
03.5
04.5
08.1
03.6
04.5
0
Asian
Cou
ntrie
s
Bang
lades
h0.7
00.5
00.2
00.9
00.7
00.2
00.9
00.7
00.2
00.9
00.7
00.2
00.9
00.7
00.2
0
Hong
Kon
g11
.8010
.601.2
011
.209.9
01.3
011
.009.6
01.4
011
.4010
.101.4
011
.4010
.101.4
0
Indi
a#4.7
04.0
00.6
04.6
04.0
00.6
05.2
04.6
00.6
05.1
04.4
00.7
04.1
03.4
00.7
0
Japa
n9.6
07.5
02.1
09.8
07.6
02.2
09.9
07.8
02.1
010
.108.0
02.1
011
.008.8
02.2
0
Malay
sia4.6
03.1
01.5
04.3
02.8
01.5
04.4
02.9
01.6
04.8
03.2
01.6
05.1
03.3
01.8
0
Pakis
tan0.7
00.3
00.4
00.8
00.3
00.4
00.7
00.3
00.4
00.7
00.3
00.3
00.7
00.4
00.3
0
PR C
hina
2.90
1.80
1.10
3.30
2.20
1.00
3.40
2.30
1.10
3.80
2.50
1.30
3.00
1.80
1.20
Sing
apor
e7.6
06.2
01.5
07.8
06.3
01.6
06.8
05.1
01.7
06.1
04.6
01.6
05.9
04.3
01.5
0
South
Kor
ea11
.808.2
03.6
011
.808.0
03.7
010
.406.5
03.9
011
.207.0
04.2
011
.607.0
04.6
0
Sri L
anka
1.50
0.60
0.90
1.40
0.60
0.90
1.40
0.60
0.90
1.40
0.60
0.90
1.20
0.60
0.60
Taiw
an15
.7012
.902.8
016
.2013
.302.9
016
.8013
.803.0
018
.4015
.403.0
017
.0013
.903.1
0
Thail
and
3.40
1.80
1.50
3.30
1.80
1.50
4.00
2.40
1.60
4.30
2.60
1.70
4.40
2.70
1.70
Wor
ld7.5
04.4
03.1
07.1
04.1
02.9
07.0
04.0
03.0
06.9
04.0
02.9
06.6
03.8
02.8
0
* Ins
uran
ce pe
netra
tion i
s mea
sure
d as r
atio o
f pre
mium
(in U
S Do
llars)
to G
DP (in
US
Dolla
rs)# d
ata re
lates
to fi n
ancia
l yea
r.So
urce
: Swi
ss R
e, Si
gma v
ariou
s volu
mes
8HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12D
: IN
TER
NAT
ION
AL
CO
MPA
RIS
ON
OF
INSU
RA
NC
E D
ENSI
TY*
(In U
S Do
llar)
Coun
tries
2001
2002
2003
2004
2005
2006
Total
Life
Non-L
ifeTo
talLif
eNo
n-Life
Total
Life
Non-L
ifeTo
talLif
eNo
n-Life
Total
Life
Non-L
ifeTo
talLif
eNo
n-Life
Austr
alia
1668
.310
40.3
628.0
1705
.910
10.4
695.5
2041
.411
29.3
912.1
2471
.412
85.1
1186
.325
69.9
1366
.712
03.2
2580
.813
89.0
1191
.9
Braz
il64
.010
.853
.272
.227
.245
.082
.635
.846
.810
1.145
.955
.212
8.956
.872
.116
0.972
.588
.4
Fran
ce18
98.8
1268
.263
0.620
64.2
1349
.571
4.726
98.3
1767
.993
0.432
07.9
2150
.210
57.7
3568
.524
74.6
1093
.940
75.4
2922
.511
52.9
Germ
any
1484
.267
4.380
9.916
27.7
736.7
891.0
2051
.293
0.411
20.8
2286
.610
21.3
1265
.323
10.5
1042
.112
68.4
2436
.811
36.1
1300
.7
Russ
ia65
.833
.232
.666
.623
.143
.598
.233
.964
.311
4.424
.889
.612
2.86.3
116.5
150.9
4.014
6.9
South
Afric
a44
6.337
7.269
.142
5.336
0.564
.858
3.947
6.510
7.468
6.554
5.514
1.071
4.655
8.315
6.285
5.869
5.616
0.2
Switz
erlan
d43
42.8
2715
.716
27.1
4922
.430
99.7
1822
.756
60.3
3431
.822
28.5
5716
.432
75.1
2441
.355
58.4
3078
.124
80.3
5561
.931
11.8
2450
.1
Unite
d King
dom
3393
.825
67.9
825.9
3879
.126
79.4
1199
.740
58.5
2617
.114
41.4
4508
.431
90.4
1318
.045
99.0
3287
.113
11.9
6466
.751
39.6
1327
.1
Unite
d Stat
es32
66.0
1602
.016
64.0
3461
.616
62.6
1799
.036
37.7
1657
.519
80.2
3755
.116
92.5
2062
.638
75.2
1753
.221
22.0
3923
.717
89.5
2134
.2
Asian
Cou
ntrie
s
Bang
lades
h1.6
1.00.6
1.61.0
0.62.1
1.40.7
2.31.5
0.82.5
1.70.8
2.61.8
0.8
Hong
Kon
g15
45.2
1249
.729
5.515
83.0
1237
.934
5.118
32.6
1483
.934
8.722
17.2
1884
.333
2.925
44.9
2213
.233
1.727
87.6
2456
.033
1.6
Indi
a#11
.59.1
2.414
.711
.73.0
16.4
12.9
3.519
.715
.74.0
22.7
18.3
4.438
.433
.25.2
Japa
n35
07.5
2806
.470
1.134
98.6
2783
.971
4.737
70.9
3002
.976
8.038
74.8
3044
.083
0.837
46.7
2956
.379
0.435
89.6
2829
.376
0.4
Malay
sia19
8.312
9.568
.819
8.011
8.779
.322
7.013
9.887
.225
6.516
7.389
.228
3.318
8.095
.329
2.218
9.210
3.0
Pakis
tan2.7
1.21.5
2.71.0
1.72.9
1.11.8
3.71.5
2.24.6
1.92.8
5.92.3
3.6
PR C
hina
20.0
12.2
7.828
.719
.29.5
36.3
25.1
11.2
40.2
27.3
12.9
46.3
30.5
15.8
53.5
34.1
19.4
Sing
apor
e95
9.071
3.224
5.810
30.7
730.1
300.6
1620
.513
00.2
320.3
1849
.314
83.9
365.4
1983
.415
91.4
392.0
1957
.716
16.5
341.2
South
Kor
ea10
60.1
763.4
296.7
1159
.882
1.933
7.912
43.0
873.6
369.4
1419
.310
06.8
412.5
1706
.112
10.6
495.5
2071
.314
80.0
591.2
Sri L
anka
9.74.3
5.410
.64.5
6.112
.55.3
7.214
.16.2
7.916
.36.9
9.421
.38.5
12.8
Taiw
an10
88.5
760.9
327.6
1279
.292
5.135
4.114
33.3
1050
.138
3.219
09.0
1494
.641
4.421
45.5
1699
.144
6.422
50.2
1800
.045
0.3
Thail
and
53.9
34.1
19.8
65.2
42.1
23.1
79.6
52.0
27.6
92.1
50.8
41.3
99.0
54.6
44.4
110.1
60.0
50.0
Wor
ld39
3.323
5.015
8.342
2.924
7.317
5.646
9.626
7.120
2.551
1.529
1.522
0.051
8.529
9.521
9.055
4.833
0.622
4.2
* Ins
uran
ce de
nsity
is m
easu
red a
s rati
o of p
remi
um (in
US
Dolla
r) to
total
popu
lation
.# d
ata re
lates
to fi n
ancia
l yea
r.So
urce
: Swi
ss R
e, Si
gma v
ariou
s volu
mes
9HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12D
: IN
TER
NAT
ION
AL
CO
MPA
RIS
ON
OF
INSU
RA
NC
E D
ENSI
TY* (
Con
cld.
)(In
US
Dolla
r)
Coun
tries
2007
2008
2009
2010
2011
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
3000
.216
74.1
1326
.133
86.5
2038
.013
48.6
2832
.715
24.8
1307
.933
69.2
1766
.316
03.0
4094
.020
77.0
2017
.0
Braz
il20
2.295
.310
6.924
4.511
5.412
9.125
1.712
7.912
3.832
7.616
9.915
7.739
8.020
8.018
9.0
Fran
ce41
47.6
2928
.312
19.3
4131
.027
91.9
1339
.242
69.2
2979
.812
89.4
4186
.629
37.6
1249
.040
41.0
2638
.014
03.0
Germ
any
2662
.112
34.1
1427
.929
19.2
1346
.515
72.7
2878
.413
56.7
1518
.729
03.8
1402
.215
01.6
2967
.013
89.0
1578
.0
Russ
ia20
9.46.1
203.3
273.5
5.426
8.128
0.94.5
276.4
296.8
6.429
0.430
3.08.0
295.0
South
Afric
a87
8.571
9.015
9.587
0.670
7.016
3.673
8.157
4.216
3.910
54.7
854.6
200.1
1037
.082
3.021
5.0
Switz
erlan
d57
40.7
3159
.125
81.7
6379
.435
51.5
2827
.962
57.7
3405
.628
52.1
6633
.736
66.8
2966
.980
12.0
4421
.035
91.0
Unite
d King
dom
7113
.757
30.5
1383
.268
57.8
5582
.112
75.7
4578
.835
27.6
1051
.244
96.6
3436
.310
60.2
4535
.033
47.0
1188
.0
Unite
d Stat
es40
86.5
1922
.021
64.4
4078
.019
00.6
2177
.437
10.0
1602
.621
07.3
3758
.916
31.8
2127
.238
46.0
1716
.021
30.0
Asian
Cou
ntrie
s
Bang
lades
h2.9
1.90.9
4.43.3
1.15.2
3.91.3
5.84.4
1.47.0
5.02.0
Hong
Kon
g33
73.2
3031
.934
1.333
10.3
2929
.638
0.833
04.0
2886
.641
7.536
35.5
3197
.343
8.239
04.0
3442
.046
2.0
Indi
a#46
.640
.46.2
47.4
41.2
6.254
.347
.76.7
64.4
55.7
8.759
.049
.010
.0
Japa
n33
19.9
2583
.973
6.036
98.6
2869
.582
9.239
79.0
3138
.784
0.443
90.2
3472
.891
7.451
69.0
4138
.010
31.0
Malay
sia33
2.122
1.511
0.634
5.422
5.911
9.532
1.820
6.911
5.042
1.128
2.813
8.350
2.032
8.017
5.0
Pakis
tan6.5
2.63.9
6.82.8
4.06.6
3.03.6
6.13.2
2.98.0
4.04.0
PR C
hina
69.9
44.2
25.5
105.4
71.7
33.7
121.2
81.1
40.0
158.4
105.5
52.9
163.0
99.0
64.0
Sing
apor
e27
76.0
2244
.753
1.231
79.0
2549
.063
0.025
57.6
1912
.064
5.628
23.4
2101
.472
2.131
06.0
2296
.081
0.0
South
Kor
ea23
84.0
1656
.672
7.319
68.7
1347
.762
1.018
90.3
1180
.670
9.723
39.4
1454
.388
5.126
61.0
1615
.010
45.0
Sri L
anka
24.9
10.2
14.7
32.1
12.8
19.3
29.5
11.8
17.7
34.2
13.7
20.6
33.0
15.0
18.0
Taiw
an26
28.0
2165
.746
2.327
87.6
2281
.149
9.627
52.1
2257
.349
4.832
96.2
2756
.853
9.333
71.0
2757
.061
4.0
Thail
and
129.7
70.8
58.9
142.1
77.2
64.9
154.4
91.7
62.7
199.4
121.9
77.5
222.0
134.0
88.0
Wor
ld60
7.735
8.124
9.663
3.936
9.726
4.259
5.134
1.225
3.962
7.336
4.326
3.066
1.037
8.028
3.0
* Ins
uran
ce de
nsity
is m
easu
red a
s rati
o of p
remi
um (in
US
Dolla
r) to
total
popu
lation
.# d
ata re
lates
to fi n
ancia
l yea
r.So
urce
: Swi
ss R
e, Si
gma v
ariou
s volu
mes
CHARTS
HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12
13
HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12
LIFE INSURANCE
14
HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12
15
HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12
16
HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12
17
HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12
NON-LIFE INSURANCE
18
HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12
19
HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12
20
HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12
PART - ILIFE INSURANCE
HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12
23
HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12TA
BLE
1: D
ETA
ILS
OF
LIFE
INSU
RA
NC
E C
OM
PAN
IES
OPE
RAT
ING
IN IN
DIA
*
Insu
rers
Fore
ign
Partn
ers
Regn
. No.
Date
of
Regi
stra
tion
Year
of
Oper
atio
n
PRIV
ATE
SECT
OR
Aego
n Reli
gare
Life
Insur
ance
Com
pany
Ltd.
Aego
n Ind
ia Ho
lding
s BV,
Neth
erlan
ds13
827
.06.20
0820
08-0
9
Aviva
Life
Insur
ance
Com
pany
Ltd.
Aviva
Inter
natio
nal H
olding
s Ltd.
UK
122
14.05
.2002
2002
-03
Bajaj
Allia
nz Li
fe Ins
uran
ce C
ompa
ny Lt
d.Al
lianz
, SE
Germ
any
116
03.08
.2001
2001
-02
Bhar
ti AXA
Life
Insur
ance
Com
pany
Ltd.
AXA
India
Holdi
ngs,
Fran
ce13
014
.07.20
0620
06-0
7
Birla
Sun
life In
sura
nce C
ompa
ny Lt
d.Su
n Life
Fina
ncial
(India
) Insu
rance
Inve
stmen
t Inc,
Cana
da10
931
.01.20
0120
00-0
1
Cana
ra H
SBC
OBC
Life I
nsur
ance
Com
pany
Ltd.
HSBC
Insu
ranc
e (As
ia Pa
cifi c)
Hold
ings L
td.13
608
.05.20
0820
08-0
9
DLF
Pram
erica
Life
Insur
ance
Com
pany
Ltd.
Prud
entia
l Inter
natio
nal In
sura
nce H
olding
s Ltd.
USA
140
27.06
.2008
2008
-09
Edelw
eiss T
okio
Life I
nsur
ance
Com
pany
Ltd.
Tokio
Mari
ne &
Nich
ido Fi
re Ins
uranc
e Com
pany
Ltd.
Japa
n 14
705
.10.20
1120
11-1
2
Futur
e Gen
erali
Life
Insur
ance
Com
pany
Ltd.
Partic
ipatie
Maa
tscha
pij G
raafss
chap
Holl
and N
V, Ne
therla
nds
133
04.09
.2007
2007
-08
HDFC
Stan
dard
Life
Insur
ance
Com
pany
Ltd.
Stan
dard
Life
Assu
ranc
e, UK
101
23.10
.2000
2000
-01
ICIC
I Pru
denti
al Lif
e Ins
uran
ce C
ompa
ny Lt
d.Pr
uden
tial C
orpo
ratio
n Hold
ings L
td. U
K10
524
.11.20
0020
00-0
1
IDBI
Fed
eral
Life I
nsur
ance
Com
pany
Ltd.
Aegis
Insu
ranc
e Inte
rnati
onal
NV N
ether
lands
135
19.12
.2007
2007
-08
IndiaF
irst L
ife In
sura
nce C
ompa
ny Lt
d.Le
gal &
Gen
eral
Midd
le Ea
st Ltd
.14
305
.11.20
0920
09-1
0
ING
Vysy
a Life
Insu
ranc
e Com
pany
Ltd.
ING
Insur
ance
Inter
natio
nal B
V Ne
therla
nds
114
02.08
.2001
2001
-02
Kotak
Mah
indra
OM
Life I
nsur
ance
Com
pany
Ltd.
Old M
utual
Plc,
South
Afric
a10
710
.01.20
0120
01-0
2
MaxL
ife In
sura
nce C
ompa
ny Lt
d.Mi
tsui S
umito
mo In
sura
nce C
ompa
ny Lt
d. Ja
pan
104
15.11
.2000
2000
-01
Metlif
e Ind
ia Ins
uran
ce C
ompa
ny Lt
d.Me
tlife I
ntern
ation
al Ho
lding
s Inc
, USA
117
06.08
.2001
2001
-02
Relia
nce i
fe Ins
uran
ce C
ompa
ny Lt
d.Ni
ppon
Life
Insur
ance
Com
pany
Ltd.
Japa
n12
103
.01.20
0220
01-0
2
Saha
ra In
dia Li
fe Ins
uran
ce C
ompa
ny Lt
d.--
127
06.02
.2004
2004
-05
SBI L
ife In
sura
nce C
ompa
ny Lt
d.BN
P Pa
ribas
Car
dif, F
ranc
e11
129
.03.20
0120
01-0
2
Shrir
am Li
fe Ins
uran
ce C
ompa
ny Lt
d.--
128
17.11
.2005
2005
-06
Star
Unio
n Dai-
ichi L
ife In
sura
nce C
ompa
ny Lt
d.Da
i-ichi
Life I
nsur
ance
Com
pany
Ltd.
Japa
n14
226
.12.20
0820
08-0
9
TATA
AIA
Life
Insur
ance
Com
pany
Ltd.
Ameri
can I
nterna
tiona
l Ass
uranc
e Com
pany
(Berm
uda L
td.)
110
12.02
.2001
2001
-02
PUBL
IC S
ECTO
R
Life I
nsur
ance
Cor
pora
tion o
f India
--51
201
.09.19
5619
56-5
7
* as o
n 30th
Sep
tembe
r, 201
2.
24
HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12TA
BLE
2: F
IRST
YEA
R (I
NC
LUD
ING
SIN
GLE
PR
EMIU
M) L
IFE
INSU
RA
NC
E PR
EMIU
M(`
Cro
re)
INSU
RER
2000
-01
2001
-02
2002
-03
2003
-04
2004
-05
2005
-06
2006
-07
2007
-08
2008
-09
2009
-10
2010
-11
2011
-12
Aego
n Reli
gare
----
----
----
----
31.21
150.3
727
4.87
207.6
5Av
iva--
--13
.4776
.9619
2.29
407.1
272
1.35
1053
.9872
4.56
798.3
774
5.39
801.8
6Ba
jaj A
llianz
--7.1
463
.3917
9.55
857.4
527
16.77
4302
.7466
74.48
4491
.4344
51.10
3465
.8227
17.31
Bhar
ti AXA
----
----
----
7.78
113.2
429
2.93
437.4
334
7.78
224.5
9Bi
rla S
unlife
0.32
28.11
129.5
744
9.86
621.3
167
8.12
882.7
219
65.01
2820
.8529
60.01
2080
.3019
26.17
Cana
ra H
SBC
----
----
----
----
296.4
162
2.62
817.2
968
7.10
DLF
Pram
erica
----
----
----
----
3.37
37.38
74.15
103.1
6Ed
elweis
s Tok
io--
----
----
----
----
----
10.88
Futur
e Gen
erali
----
----
----
--2.4
914
9.97
486.0
844
8.61
345.0
3HD
FC S
tanda
rd0.0
0232
.7812
9.31
209.3
348
6.15
1042
.6516
48.85
2685
.3726
51.11
3257
.5140
59.33
3833
.61IC
ICI P
rude
ntial
5.97
113.3
336
4.11
750.8
415
84.34
2602
.5051
62.13
8034
.7568
11.83
6333
.9278
62.14
4441
.09ID
BI F
eder
al--
----
----
----
11.90
316.7
840
0.56
444.9
531
1.01
IndiaF
irst
----
----
----
----
--20
1.59
704.7
798
2.31
ING
Vysy
a--
4.19
17.66
72.10
282.4
228
3.98
467.6
670
4.44
688.9
564
2.43
660.4
963
8.14
Kotak
Mah
indra
--7.5
835
.2112
5.51
373.9
939
6.06
614.9
411
06.62
1343
.0313
33.98
1253
.1411
64.27
Max L
ife0.1
638
.8067
.3113
7.28
233.6
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1.36
912.1
115
97.83
1842
.9118
49.08
2061
.3919
01.72
MetLi
fe--
0.48
7.70
23.41
57.52
148.5
334
0.44
825.3
511
44.70
1061
.8570
6.22
1076
.97Re
lianc
e Life
--0.2
86.3
227
.2191
.3319
3.56
932.1
127
51.05
3513
.9839
20.78
3034
.9418
09.29
Saha
ra--
----
--1.7
426
.3443
.0012
2.12
134.0
112
4.83
91.83
71.14
SBI L
ife--
14.69
71.88
207.0
548
4.85
827.8
225
63.84
4792
.8253
86.64
7040
.7475
89.58
6531
.32Sh
riram
----
----
--10
.3318
1.17
309.9
931
4.47
419.5
057
1.99
390.9
9St
ar U
nion D
ai-ich
i--
----
----
----
--50
.1951
9.87
758.6
996
4.77
TATA
AIA
--21
.1459
.7718
1.59
297.5
546
4.53
644.8
296
4.51
1142
.6713
22.01
1332
.2193
9.55
Priva
te T
otal
6.45
268.5
196
5.69
2440
.7155
64.57
1026
9.67
1942
5.65
3371
5.95
3415
2.00
3837
2.01
3938
5.84
3207
9.92
(406
1.70)
(259
.65)
(152
.74)
(127
.99)
(84.5
5)(8
8.84)
(73.5
6)(1
.29)
(12.3
6)(2
.64)
(-18.5
5)LIC
9700
.9819
588.7
715
976.7
617
347.6
220
653.0
628
515.8
756
223.5
659
996.5
753
179.0
871
521.9
087
012.3
581
862.2
5(1
01.93
)(-1
8.44)
(8.58
)(1
9.05)
(38.0
7)(9
7.17)
(6.71
)(-1
1.36)
(34.4
9)(2
1.66)
(-5.92
)In
dust
ry T
otal
9707
.4319
857.2
816
942.4
519
788.3
226
217.6
438
785.5
475
649.2
193
712.5
287
331.0
810
9893
.9112
6398
.1811
3942
.17(1
04.56
)(-1
4.68)
(16.8
0)(3
2.49)
(47.9
4)(9
4.96)
(23.8
8)(-6
.81)
(25.8
4)(1
5.02)
(-9.85
)
Not
e: 1)
Figu
res i
n the
brac
ket r
epre
sent
the gr
owth
over
the p
revio
us ye
ar in
per c
ent.
2) -
- rep
rese
nts bu
sines
s not
starte
d.
25
HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12TA
BLE
3: T
OTA
L LI
FE IN
SUR
AN
CE
PREM
IUM
(` C
rore
)
INSU
RER
2000
-01
2001
-02
2002
-03
2003
-04
2004
-05
2005
-06
2006
-07
2007
-08
2008
-09
2009
-10
2010
-11
2011
-12
Aego
n Reli
gare
----
----
----
----
31.21
165.6
538
8.61
457.3
2Av
iva--
--13
.4781
.5025
3.42
600.2
711
47.23
1891
.8819
92.87
2378
.0123
45.17
2415
.87Ba
jaj A
llianz
--7.1
469
.1722
0.80
1001
.6831
33.58
5345
.2497
25.31
1062
4.52
1141
9.71
9609
.9574
83.80
Bhar
ti AXA
----
----
----
7.78
118.4
136
0.41
669.7
379
2.02
774.1
6Bi
rla S
unlife
0.32
28.26
143.9
253
7.54
915.4
712
59.68
1776
.7132
72.19
4571
.8055
05.66
5677
.0758
85.36
Cana
ra H
SBC
----
----
----
----
296.4
184
2.45
1531
.8618
61.08
DLF
Pram
erica
----
----
----
----
3.37
38.44
95.04
167.0
1Ed
elweis
s Tok
io--
----
----
----
----
----
10.88
Futur
e Gen
erali
----
----
----
--2.4
915
2.60
541.5
172
6.16
779.5
8HD
FC S
tanda
rd0.0
0233
.4614
8.83
297.7
668
6.63
1569
.9128
55.87
4858
.5655
64.69
7005
.1090
04.17
1020
2.40
ICIC
I Pru
denti
al5.9
711
6.38
417.6
298
9.28
2363
.8242
61.05
7912
.9913
561.0
615
356.2
216
528.7
517
880.6
314
021.5
8ID
BI F
eder
al--
----
----
----
11.90
318.9
757
1.12
811.0
073
6.70
IndiaF
irst
----
----
----
----
--20
1.60
798.4
312
97.93
ING
Vysy
a--
4.19
21.16
88.51
338.8
642
5.38
707.2
011
58.87
1442
.2816
42.65
1708
.9516
79.98
Kotak
Mah
indra
--7.5
840
.3215
0.72
466.1
662
1.85
971.5
116
91.14
2343
.1928
68.05
2975
.5129
37.43
Max L
ife0.1
638
.9596
.5921
5.25
413.4
378
8.13
1500
.2827
14.60
3857
.2648
60.54
5812
.6363
90.53
MetLi
fe--
0.48
7.91
28.73
81.53
205.9
949
2.71
1159
.5419
96.64
2536
.0125
08.17
2677
.50Re
lianc
e Life
--0.2
86.4
731
.0610
6.55
224.2
110
04.66
3225
.4449
32.54
6604
.9065
71.15
5497
.62Sa
hara
----
----
1.74
27.66
51.00
143.4
920
6.47
250.5
924
3.41
225.9
5SB
I Life
--14
.6972
.3922
5.67
601.1
810
75.32
2928
.4956
22.14
7212
.1010
104.0
312
945.2
913
133.7
4Sh
riram
----
----
--10
.3318
4.16
358.0
543
6.17
611.2
782
1.52
644.1
6St
ar U
nion D
ai-ich
i--
----
----
----
--50
.1953
0.37
933.3
112
71.95
TATA
AIA
--21
.1481
.2125
3.53
497.0
488
0.19
1367
.1820
46.35
2747
.5034
93.78
3985
.2236
30.30
Priva
te T
otal
6.45
272.5
511
19.06
3120
.3377
27.51
1508
3.54
2825
3.00
5156
1.42
6449
7.43
7936
9.94
8816
5.24
8418
2.83
(412
4.31)
(310
.59)
(178
.83)
(147
.65)
(95.1
9)(8
7.31)
(82.5
0)(2
5.09)
(23.0
6)(1
1.08)
(-4.52
)LIC
3489
2.02
4982
1.91
5462
8.49
6353
3.43
7512
7.29
9079
2.22
1278
22.84
1497
89.99
1572
88.04
1860
77.31
2034
73.40
2028
89.28
(42.7
9)(9
.65)
(16.3
0)(1
8.25)
(20.8
5)(4
0.79)
(17.1
9)(5
.01)
(18.3
0)(9
.35)
(-0.29
)
Indu
stry
Tot
al34
898.4
750
094.4
655
747.5
566
653.7
582
854.8
010
5875
.7615
6075
.8420
1351
.4122
1785
.4726
5447
.2529
1638
.6428
7072
.11(4
3.54)
(11.2
8)(1
9.56)
(24.3
1)(2
7.78)
(47.4
1)(2
9.01)
(10.1
5)(1
9.69)
(9.87
)(-1
.57)
Not
e: 1)
Figu
res i
n the
brac
ket r
epre
sent
the gr
owth
over
the p
revio
us ye
ar in
per c
ent.
2) -
- rep
rese
nts bu
sines
s not
starte
d.
26
HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12 T
AB
LE 4
: IN
DIV
IDU
AL
NEW
BU
SIN
ESS
PER
FOR
MA
NC
E O
F LI
FE IN
SUR
ERS
- 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
m
2006
-07
2007
-08
2008
-09
2009
-10
2010
-11
2011
-12
2006
-07
2007
-08
2008
-09
2009
-10
2010
-11
2011
-12
Indi
vidua
l Age
nts
4230
1907
4475
2611
4346
0589
4503
6904
4158
1811
3910
3141
5460
5.30
6651
5.43
5532
7.54
6528
9.25
6566
5.52
5097
2.32
(93.1
5)(8
8.01)
(85.3
8)(8
6.44)
(86.4
4)(8
8.55)
(90.4
6)(8
3.75)
(79.5
7)(7
9.61)
(78.9
5)(7
8.69)
Corp
orat
e Age
nts-
Bank
s14
2691
916
9361
018
9645
720
8454
319
3656
221
8001
833
63.17
6329
.2267
37.38
8688
.6811
062.6
396
92.90
(3.14
)(3
.33)
(3.73
)(3
.92)
(4.03
)(4
.94)
(5.57
)(7
.97)
(9.69
)(1
0.60)
(13.3
0)(1
4.96)
Corp
orat
e Age
nts-
Oth
ers*
1284
785
2599
723
2798
776
3819
790
2988
481
1588
650
1825
.8934
61.89
3380
.5435
10.76
2957
.7517
49.78
(2.83
)(5
.11)
(5.50
)(7
.18)
(6.21
)(3
.60)
(3.02
)(4
.36)
(4.86
)(4
.28)
(3.56
)(2
.7)
Brok
ers
2591
7722
7403
3062
7743
9396
5113
8847
6054
331.6
347
3.73
773.6
211
28.50
1471
.8011
34.64
(0.57
)(0
.45)
(0.60
)(0
.83)
(1.06
)(1
.08)
(0.55
)(0
.60)
(1.11
)(1
.38)
(1.77
)(1
.75)
Dire
ct S
ellin
g13
9077
1573
849
2442
772
1814
558
1088
426
8124
7823
5.33
2642
.7133
10.33
3389
.8520
16.32
1222
.61(0
.31)
(3.10
)(4
.80)
(3.41
)(2
.26)
(1.84
)(0
.39)
(3.33
)(4
.76)
(4.13
)(2
.42)
(1.89
)
TOTA
L45
4118
6550
8471
9650
9048
7153
1951
9148
1066
6844
1603
4160
361.3
279
422.9
769
529.4
182
007.0
583
174.0
364
772.2
4(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
)(1
00.00
)(1
00.00
)
Refe
rrals
7159
3313
4939
819
5210
212
3207
954
8772
1227
412
56.51
2345
.6327
14.81
2567
.6183
5.91
34.90
(1.55
)(2
.65)
(3.83
)(2
.32)
(1.14
)(0
.03)
(2.04
)(2
.95)
(3.90
)(3
.13)
(1.01
)(0
.05)
* Any
entity
othe
r tha
n ban
ks bu
t lice
nsed
as a
corp
orate
agen
t.No
te: 1
) Th
e lea
ds ob
taine
d thr
ough
refer
ral a
rrang
emen
ts ha
ve be
en in
clude
d in t
he re
spec
tive c
hann
els.
2)
New
busin
ess p
remi
um in
clude
s fi rs
t yea
r pre
mium
and s
ingle
prem
ium.
3)
Figu
res i
n bra
cket
show
perce
ntage
to to
tal in
dividu
al ne
w bu
sines
s pro
cure
d thr
ough
resp
ectiv
e cha
nnels
.
27
HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12TA
BLE
5: G
RO
UP
NEW
BU
SIN
ESS
PER
FOR
MA
NC
E O
F LI
FE IN
SUR
ERS
- CH
AN
NEL
WIS
E (Prem
ium in
` C
rore
)
Parti
cular
sNu
mber
of Sc
heme
sNu
mber
of Liv
es C
overe
dAm
ount
of Pr
emium
2006
-0720
07-08
2008
-0920
09-10
2010
-1120
11-12
2006
-0720
07-08
2008
-0920
09-10
2010
-1120
11-12
2006
-0720
07-08
2008
-0920
09-10
2010
-1120
11-12
Indivi
dual
Agen
ts49
4082
3882
3636
5112
7122
2738
452
3629
728
0510
089
9603
634
3563
287
0309
55.6
310
95.28
1556
.7616
17.12
2428
.3921
40.40
(0.18
)(16
.42)
(15.68
)(12
.69)
(16.71
)(22
.59)
(0.13
)(15
.16)
(5.30
)(11
.15)
(4.13
)(13
.05)
(0.04
)(7.
68)
(8.96
)(5.
81)
(5.63
)(4.
36)
Corp
orate
Ag
ents-
Bank
s27
576
513
5844
418
3493
614
7902
517
6795
322
4643
511
8133
446
5160
026
1861
632
6.98
492.6
956
9.19
599.5
713
28.61
3117
.71(1.
19)
(3.08
)(5.
48)
(1.55
)(5.
99)
(2.97
)(7.
40)
(5.12
)(4.
25)
(1.46
)(5.
59)
(3.93
)(2.
33)
(3.46
)(3.
28)
(2.15
)(3.
08)
(6.35
)
Corp
orate
Ag
ents-
Othe
rs*8
278
132
1891
671
666
4678
3867
4212
5361
8865
3925
067
3537
411
4354
43.1
740
.8313
0.74
401.7
331
8.92
572.4
5(0.
03)
(1.12
)(0.
53)
(6.60
)(2.
19)
(2.11
)(2.
34)
(1.95
)(1.
01)
(8.10
)(8.
09)
(1.71
)(0.
02)
(0.29
)(0.
75)
(1.44
)(0.
74)
(1.17
)
Brok
ers26
146
254
110
7212
6615
1949
2044
7208
1664
3499
4926
933
4657
417
2370
781
31.01
99.55
83.72
347.9
021
3.54
325.5
7(1.
09)
(1.86
)(2.
18)
(3.74
)(4.
14)
(4.82
)(2.
46)
(2.09
)(1.
22)
(6.11
)(5.
60)
(3.55
)(0.
21)
(0.70
)(0.
48)
(1.25
)(0.
49)
(0.66
)
Direc
t Sell
ing22
507
1927
118
851
2161
221
713
2128
617
3580
1326
1493
3846
6493
2859
0497
3263
7520
2251
8772
3513
611.19
1253
1.47
1502
9.91
2487
2.06
3886
9.75
4293
9.92
(97.50
)(77
.52)
(76.12
)(75
.42)
(70.97
)(67
.51)
(87.36
)(75
.69)
(88.22
)(73
.18)
(76.60
)(77
.76)
(97.39
)(87
.88)
(86.53
)(89
.34)
(76.60
)(87
.46)
TOTA
L23
102
2485
824
764
2865
530
596
3152
919
8243
0434
5486
1652
8805
5080
6932
8583
2320
4566
7132
7113
979.4
914
259.8
317
370.3
227
838.3
743
159.2
149
096.0
6(10
0.00)
(100.0
0)(10
0.00)
(100.0
0)(10
0.00)
(100.0
0)(10
0.00)
(100.0
0)(10
0.00)
(100.0
0)(10
0.00)
(100.0
0)(10
0.00)
(100.0
0)(10
0.00)
(100.0
0)(10
0.00)
(100.0
0)
Refer
rals
22
13
3
6291
321
8347
7153
746.0
031
9262
841
1.50
1.64
15.83
42.29
39.23
0.26
(0.01
)(0.
01)
(0.
05)
(0.01
)
(0.31
)(0.
01)
(0.01
)(0.
07)
(0.38
)0.0
0 (0.
01)
(0.01
)(0.
09)
(0.15
)(0.
09)
0.00
*Any
entity
othe
r tha
n ban
ks bu
t lice
nsed
as a
corp
orate
agen
t.No
te: 1
) Th
e lea
ds ob
taine
d thr
ough
refer
ral a
rrang
emen
ts ha
ve be
en in
clude
d in t
he re
spec
tive c
hann
els.
2)
New
busin
ess p
remi
um in
clude
s fi rs
t yea
r pre
mium
and s
ingle
prem
ium.
3)
Figu
res i
n bra
cket
show
perce
ntage
to to
tal gr
oup n
ew bu
sines
s pro
cure
d thr
ough
resp
ectiv
e cha
nnels
.
28
HANDBOOK ON INDIAN INSURANCE STATISTICS 2011-12TA
BLE
6: S
TATE
WIS
E IN
DIV
IDU
AL
NEW
BU
SIN
ESS*
UN
DER
WR
ITTE
N
(LIF
E IN
SUR
AN
CE)
(P
olicie
s in N
umbe
rs) (P
remi
um in
` C
rore
)
Stat
e/Uni
on T
errit
ory
2006
-07
2007
-08
2008
-09
2009
-10
2010
-11
2011
-12
Pol
icies
Prem
ium
Pol
icies
Prem
ium
Pol
icies
Prem
ium
Pol
icies
Prem
ium
Pol
icies
Prem
ium
Pol
icies
Prem
ium
Andh
ra P
rade
sh45
9050
551
50.05
4705
896
5707
.7546
6191
549
12.54
5033
973
5572
.3741
3498
559
35.93
3812
609
5041
.86Ar
unac
hal P
rade
sh11
778
16.67
1368
232
.4414
774
26.30
2147
540
.7414
250
39.51
1539
657
.48As
sam
9407
2997
0.26
9866
8211
52.23
1068
332
1090
.3011
4710
413
92.92
1013
067
1379
.4210
8445
512
09.20
Biha
r20
1589
417
95.18
2333
424
2267
.6225
5119
622
35.68
2874
562
2768
.7825
4117
124
59.16
2672
631
2225
.93Ch
attisg
arh
9108
8610
10.89
4959
4271
1.674
6858
585.1
273
5256
718.3
372
8889
749.5
485
3299
600.6
1Go
a12
0666
194.5
815
3612
324.1
215
2811
366.7
612
1306
431.9
614
3937
433.4
1387
1431
5.33
Gujar
at23
9981
234
93.73
2703
402
4398
.8829
3848
246
86.39
2508
343
5286
.7924
6418
356
23.17
2068
362
4737
.12Ha
ryana
8647
7915
55.91
8307
1416
75.68
8023
3512
85.51
9648
8614
85.97
8024
2116
34.8
7916
5412
41.07
Hima
chal
Prad
esh
3321
7181
0.59
4360
2997
7.46
4186
9669
0.05
5711
0695
9.56
4193
8887
9.75
4739
5550
3.74
Jamm
u & K
ashm
ir22
3881
495.9
227
1996
620.8
520
2105
436.5
731
2365
592.8
924
6749
620.9
325
8124
449.9
4Jh
arkh
and
9051
5899
5.87
9848
6512
85.94
1014
194
1227
.1310
4631
914
54.22
8726
5914
86.4
9035
1412
01.79
Karn
ataka
3240
376
3703
.8535
5450
750
07.13
3374
040
4238
.3133
8554
647
14.64
3185
958
4818
.7129
7930
739
89.54
Kera
la20
3841
039
13.36
2667
048
6347
.425
1372
640
73.22
2435
371
4635
.0621
9383
646
45.81
2231
036
2785
.15Ma
dhya
Pra
desh
2006
889
2346
.9417
8488
226
09.67
2029
821
2552
.7020
4479
631
72.47
1966
708
3200
.2719
3610
225
57.96
Maha
rash
tra54
8268
171
89.75
6643
175
1125
7.38
6034
206
1092
9.95
5471
792
1247
6.44
5628
117
1257
0.95
5168
419
1074
0.39
Manip
ur40
891
53.36
5504
896
.7283
361
69.75
8284
010
8.12
9200
410
9.66
9834
173
.04Me
ghala
ya2
