Life Insurance in India, Key Trends and Opportunities to 2016 Favorable: Regulations and Demographic Changes Will Drive Market Growth
Synopsis
The report provides top-level market analysis, information and insights into the Indian life insurance market, including:
India contains the world’s twelfth-largest life insurance market and the fourth-largest in the Asia-Pacific region. In 2016, it is expected to surpass South Korea to emerge as the third-largest life insurance market after China and Japan. The significant growth in the Indian life insurance market in the review period can be attributed to key growth drivers such as the country’s expanding population, robust economic growth, lucrative tax benefits, rising disposable income levels, and increased awareness of the need for insurance, especially among younger people.
Scope
This report provides a comprehensive analysis of the life insurance market in India:
The report provides top-level market analysis, information and insights into the Indian life insurance market, including:
- The Indian life insurance market’s growth prospects by life insurance categories
- The various distribution channels in the Indian life insurance market
- The competitive landscape in the life insurance market in India
- A description of the life reinsurance market in India
India contains the world’s twelfth-largest life insurance market and the fourth-largest in the Asia-Pacific region. In 2016, it is expected to surpass South Korea to emerge as the third-largest life insurance market after China and Japan. The significant growth in the Indian life insurance market in the review period can be attributed to key growth drivers such as the country’s expanding population, robust economic growth, lucrative tax benefits, rising disposable income levels, and increased awareness of the need for insurance, especially among younger people.
Scope
This report provides a comprehensive analysis of the life insurance market in India:
- It provides historical values for India’s life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
- It offers a detailed analysis of the key sub-segments in India’s life insurance market, along with market forecasts until 2016
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
- It analyses the various distribution channels for life insurance products in India
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in India for the life insurance business
- It provides a detailed analysis of the reinsurance market in India and its growth prospects
- It profiles the top life insurance companies in India, and outlines the key regulations affecting them
- Make strategic business decisions using top-level historic and forecast market data related to the Indian life insurance market and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Indian life insurance market
- Assess the competitive dynamics in the life insurance market, along with the reinsurance segment
- Identify the growth opportunities and market dynamics within key product categories
- Gain insights into key regulations governing the Indian insurance market and its impact on companies and the market's future
- India contains the world’s twelfth-largest life insurance market and the fourth-largest in the Asia-Pacific region. In 2016, it is expected to surpass South Korea to emerge as the third-largest life insurance market after China and Japan
- The demand for specific life insurance products has experienced significant growth over the review period. For instance, Indian customers are increasingly demanding insurance products that offer assured income through annuities
- ULIPs will remain as the fastest-growing sub-category in the Indian life insurance market over the forecast period
- The IRDA’s proposal to increase the limit on foreign direct investment (FDI) from 26% to 49% will be a key growth driver for the life insurance market.
- The top nine private life insurance companies increased their cumulative market share from 16.57% in 2007 to 26.47% in 2010. During the forecast period, the cumulative market share of private life insurance companies is expected to increase further
Contents
1 EXECUTIVE SUMMARY2 INTRODUCTION
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 INDIAN INSURANCE INDUSTRY ATTRACTIVENESS
3.1 Insurance Industry Market Size, 2007–2016
3.2 Key Industry Trends and Drivers
3.2.1 Business drivers
3.2.2 Consumer drivers
3.3 Recent Market Developments
4 LIFE INSURANCE MARKET OUTLOOK
4.1 Life Insurance Growth Prospects by Category
4.1.1 Individual life insurance category market size, 2007–2016
4.1.2 Individual general annuity category market size, 2007–2016
4.1.3 Individual pension category market size, 2007–2016
4.1.4 Individual unit-linked insurance sub-category market size, 2007–2016
4.1.5 Group life category market size, 2007–2016
4.1.6 Group superannuation category market size, 2007–2016
4.1.7 Group unit-linked insurance sub-category market size, 2007–2016
4.2 Life Insurance Growth Prospects by Customer Segments
4.2.1 Individual segment market size, 2007–2016
4.2.2 Individual single premium category market size, 2007–2016
4.2.3 Individual non-single premium category market size, 2007–2016
4.2.4 Group segment market size, 2007–2016
4.2.5 Group single premium category market size, 2007–2016
4.2.6 Group non-single premium category market size, 2007–2016
5 ANALYSIS BY DISTRIBUTION CHANNEL
5.1 Direct marketing channel market size, 2007–2016
5.2 Bancassurance channel market size, 2007–2016
5.3 Agencies channel market size, 2007–2016
5.4 Other channel market size, 2007–2016
6 REGULATORY POLICIES
7 PORTER’S FIVE FORCES ANALYSIS – INDIAN LIFE INSURANCE MARKET
7.1 Bargaining Power of Supplier: Low to medium
7.2 Bargaining Power of Buyer: Low to medium
7.3 Barriers to Entry: medium
7.4 Intensity of Rivalry: medium to high
7.5 Threat of Substitutes: medium
8 REINSURANCE GROWTH DYNAMICS AND CHALLENGES
8.1 Reinsurance market size, 2007–2016
8.2 Reinsurance market size by type of insurance, 2007–2016
9 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS
9.1 Overview
9.2 Leading Companies in the India Life Insurance Market
9.3 Life Insurance Corporation of India – Company Overview
9.3.1 Life Insurance Corporation of India – key facts
9.3.2 Life Insurance Corporation of India – main products
9.3.3 Life Insurance Corporation of India – main competitors
9.3.4 Life Insurance Corporation of India – key employees
9.4 ICICI Prudential Life Insurance Co. Ltd – Company Overview
9.4.1 ICICI Prudential Life Insurance Co. Ltd – key facts
9.4.2 ICICI Prudential Life Insurance Co. Ltd – main products
9.4.3 ICICI Prudential Life Insurance Co. Ltd – main competitors
9.4.4 ICICI Prudential Life Insurance Co. Ltd – key employees
9.5 Bajaj Allianz Life Insurance Co. Ltd – Company Overview
9.5.1 Bajaj Allianz Life Insurance Co. Ltd – key facts
9.5.2 Bajaj Allianz Life Insurance Co. Ltd – main products
9.5.3 Bajaj Allianz Life Insurance Co. Ltd – main competitors
9.5.4 Bajaj Allianz Life Insurance Co. Ltd – key employees
9.6 SBI Life Insurance Co. Ltd – Company Overview
9.6.1 SBI Life Insurance Co. Ltd – key facts
9.6.2 SBI Life Insurance Co. Ltd – main products
9.6.3 SBI Life Insurance Co. Ltd – main competitors
9.6.4 SBI Life Insurance Co. Ltd – key employees
9.7 HDFC Standard Life Insurance Company Limited – Company Overview
9.7.1 HDFC Standard Life Insurance Company Limited – key facts
9.7.2 HDFC Standard Life Insurance Company Limited – main products
9.7.3 HDFC Standard Life Insurance Company Limited – main competitors
9.7.4 HDFC Standard Life Insurance Company Limited – key employees
9.8 Reliance Life Insurance Company Limited – Company Overview
9.8.1 Reliance Life Insurance Company Limited – key facts
9.8.2 Reliance Life Insurance Company Limited – main products
9.8.3 Reliance Life Insurance Company Limited – main competitors
9.8.4 Reliance Life Insurance Company Limited – key employees
9.9 Birla Sun Life Insurance Company Limited – Company Overview
9.9.1 Birla Sun Life Insurance Company Limited – key facts
9.9.2 Birla Sun Life Insurance Company Limited – main products
9.9.3 Birla Sun Life Insurance Company Limited – main competitors
9.9.4 Birla Sun Life Insurance Company Limited – key employees
9.1 Max New York Life Insurance Company Ltd – Company Overview
9.10.1 Max New York Life Insurance Company Ltd – key facts
9.10.2 Max New York Life Insurance Company Ltd – main products
9.10.3 Max New York Life Insurance Company Ltd – main competitors
9.10.4 Max New York Life Insurance Company Ltd – key employees
9.11 Tata AIG Life Insurance Company Ltd – Company Overview
9.11.1 Tata AIG Life Insurance Company Ltd – key facts
9.11.2 Tata AIG Life Insurance Company Ltd – main products
9.11.3 Tata AIG Life Insurance Company Ltd – main competitors
9.11.4 Tata AIG Life Insurance Company Ltd – key employees
9.12 Kotak Mahindra Old Mutual Life Insurance Ltd – Company Overview
9.12.1 Kotak Mahindra Old Mutual Life Insurance Ltd – key facts
9.12.2 Kotak Mahindra Old Mutual Life Insurance Ltd – main products
9.12.3 Kotak Mahindra Old Mutual Life Insurance Ltd – main competitors
9.12.4 Kotak Mahindra Old Mutual Life Insurance Ltd – key employees
10 BUSINESS ENVIRONMENT AND COUNTRY RISK
10.1 Business Confidence
10.1.1 Business confidence index
10.1.2 Market capitalization trend – Bombay stock exchange (BSE), India
10.1.3 FDI inflow by industry
10.1.4 Deployment of credit
10.2 Economic Performance
10.2.1 GDP at constant prices (US dollars)
10.2.2 GDP per capita at constant prices (US dollars)
10.2.3 GDP at current prices (US dollars)
10.2.4 GDP per capita at current prices (US dollars)
10.2.5 GDP split by key sectors
10.2.6 Agriculture net output at current prices (Indian rupee)
10.2.7 Agriculture net output at current prices (US dollars)
10.2.8 Agriculture net output at current prices as a percentage of GDP
10.2.9 Manufacturing net output at current prices (Indian rupees)
10.2.10 Manufacturing net output at current prices (US dollars)
10.2.11 Manufacturing net output at current prices as a percentage of GDP
10.2.12 Mining, manufacturing and utilities net output at current prices (Indian rupee)
10.2.13 Mining, manufacturing and utilities at current prices (US dollars)
10.2.14 Mining, manufacturing and utilities at current prices as a percentage of GDP
10.2.15 Construction net output at current prices (Indian rupees)
10.2.16 Construction net output at current prices (US dollars)
10.2.17 Construction net output at current prices as a percentage of GDP
10.2.18 Crude steel production
10.2.19 Crude oil consumption
10.2.20 Inflation rate
10.2.21 Fiscal balance as a percentage of GDP
10.2.22 Current account balance as a percentage of GDP
10.2.23 Exports as a percentage of GDP
10.2.24 Imports as a percentage of GDP
10.2.25 Exports growth
10.2.26 Imports growth
10.2.27 External debt as a percentage of GDP
10.2.28 Annual average exchange rate US$–INR
10.2.29 End of period exchange rate US$–INR
10.2.30 Debt service ratio
10.3 Infrastructure Quality and Availability
10.3.1 Total airports and sea ports
10.3.2 Railways and roadways
10.3.3 Passenger vehicle production
10.3.4 Commercial vehicle production
10.3.5 Passenger vehicle export volume
10.3.6 Commercial vehicle export volume
10.3.7 Automotive components exports
10.3.8 Automotive components imports
10.3.9 Passenger car penetration
10.3.10 Motorcycle penetration
10.3.11 Total installed capacity for electricity generation
10.3.12 Installed capacity for the generation of conventional thermal electricity
10.3.13 Electricity production
10.3.14 Installed capacity for the generation of hydro-electricity
10.3.15 Installed capacity for renewable electricity generation
10.3.16 Electricity exports
10.3.17 Electricity imports
10.3.18 Healthcare expenditure
10.3.19 Healthcare expenditure as a percentage of GDP
10.3.20 Healthcare per capita expenditure
10.3.21 Total internet subscribers
10.3.22 Broadband internet subscribers
10.3.23 Personal computer penetration rate
10.3.24 Mobile phone penetration rate
10.3.25 R&D expenditure as a percentage of GDP
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Annual disposable income
10.5.2 Annual per capita disposable income
10.5.3 Annual consumer expenditure on food
10.5.4 Annual per capita consumer expenditure on food
10.5.5 Total population
10.5.6 Urban and rural population
10.5.7 Female percentage of population
10.5.8 Male percentage of population
10.5.9 Mean age of population
10.5.10 Median age of population
10.5.11 Population density
10.5.12 Age distribution of the total population
10.5.13 Age distribution of the male population
10.5.14 Age distribution of the female population
10.5.15 Number of households
10.6 Political and Social Risk
10.6.1 Political stability
10.6.2 Terrorism Index
10.6.3 Transparency index
11 APPENDIX
11.1 Methodology
11.2 Contact us
11.3 About Timetric
11.4 Disclaimer
LIST OF TABLES
Table 1: Insurance Market Definitions
Table 2: India Insurance Overall Written Premium by Segment (INR Billion), 2007–2011
Table 3: India Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: India Insurance Overall Written Premium by Segment (INR Billion), 2011–2016
Table 5: India Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: India Insurance Segmentation (%), 2007–2016
Table 7: Life Insurance Written Premium by Category (INR Billion), 2007–2011
Table 8: Life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 9: Life Insurance Written Premium by Category (INR Billion), 2011–2016
Table 10: Life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 11: Life Insurance Market – Incurred Loss (INR Billion), 2007–2011
Table 12: Life Insurance Market – Incurred Loss (INR Billion), 2011–2016
Table 13: Life Insurance Market – Loss Ratio (%), 2007–2011
Table 14: Life Insurance Market – Loss Ratio (%), 2011–2016
Table 15: Life Insurance Market – Commissions and Expenses (INR Billion), 2007–2011
Table 16: Life Insurance Market – Commissions and Expenses (INR Billion), 2011–2016
Table 17: Life Insurance Market – Combined Ratio (%), 2007–2011
Table 18: Life Insurance Market – Combined Ratio (%), 2011–2016
Table 19: Life Insurance Market – Frauds and Crimes (INR Billion), 2007–2011
Table 20: Life Insurance Market – Frauds and Crimes (INR Billion), 2011–2016
Table 21: Life Insurance Market – Total Assets (INR Billion), 2007–2011
Table 22: Life Insurance Market – Total Assets (INR Billion), 2011–2016
Table 23: Life Insurance Market – Total Investment Income (INR Billion), 2007–2011
Table 24: Life Insurance Market – Total Investment Income (INR Billion), 2011–2016
Table 25: Life Insurance Market – Retentions (INR Billion), 2007–2011
Table 26: Life Insurance Market – Retentions (INR Billion), 2011–2016
Table 27: Individual Life Insurance Category by Volume (’000), 2007–2011
Table 28: Individual Life Insurance Category by Volume (’000), 2011–2016
Table 29: Individual Life Insurance Category by Written Premium (INR Billion), 2007–2011
Table 30: Individual Life Insurance Category by Written Premium (INR Billion), 2011–2016
Table 31: Individual General Annuity Insurance Category by Volume (’000), 2007–2011
Table 32: Individual General Annuity Insurance Category by Volume (’000), 2011–2016
Table 33: Individual General Annuity Insurance Category by Written Premium (INR Billion), 2007–2011
Table 34: Individual General Annuity Insurance Category by Written Premium (INR Billion), 2011–2016
Table 35: Individual Pension Insurance Category by Volume (’000), 2007–2011
Table 36: Individual Pension Insurance Category by Volume (’000), 2011–2016
Table 37: Individual Pension Insurance Category by Written Premium (INR Billion), 2007–2011
Table 38: Individual Pension Insurance Category by Written Premium (INR Billion), 2011–2016
Table 39: Individual Unit-linked Insurance Sub-Category by Volume (’000), 2007–2011
Table 40: Individual Unit-linked Insurance Sub-Category by Volume (’000), 2011–2016
Table 41: Individual Unit-linked Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Table 42: Individual Unit-linked Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Table 43: Group Life Insurance Category by Volume (’000), 2007–2011
Table 44: Group Life Insurance Category by Volume (’000), 2011–2016
Table 45: Group Life Insurance Category by Written Premium (INR Billion), 2007–2011
Table 46: Group Life Insurance Category by Written Premium (INR Billion), 2011–2016
Table 47: Group Superannuation Insurance Category by Volume (’000), 2007–2011
Table 48: Group Superannuation Insurance Category by Volume (’000), 2011–2016
Table 49: Group Superannuation Insurance Category by Written Premium (INR Billion), 2007–2011
Table 50: Group Superannuation Insurance Category by Written Premium (INR Billion), 2011–2016
Table 51: Group Unit-Linked Insurance Sub-Category by Volume (’000), 2007–2011
Table 52: Group Unit-Linked Insurance Sub-Category by Volume (’000), 2011–2016
Table 53: Group Unit-Linked Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Table 54: Group Unit-Linked Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Table 55: Individual Single Premium Category by Volume (’000), 2007–2011
Table 56: Individual Single Premium Category by Volume (’000), 2011–2016
Table 57: Individual Single Premium Category by Written Premium (INR Billion), 2007–2011
Table 58: Individual Single Premium Category by Written Premium (INR Billion), 2011–2016
Table 59: Individual Non-Single Premium Category by Volume (’000), 2007–2011
Table 60: Individual Non-Single Premium Category by Volume (’000), 2011–2016
Table 61: Individual Non-Single Premium Category by Written Premium (INR Billion), 2007–2011
Table 62: Individual Non-Single Premium Category by Written Premium (INR Billion), 2011–2016
Table 63: Group Single Premium Category by Volume (’000), 2007–2011
Table 64: Group Single Premium Category by Volume (’000), 2011–2016
Table 65: Group Single Premium Category by Written Premium (INR Billion), 2007–2011
Table 66: Group Single Premium Category by Written Premium (INR Billion), 2011–2016
Table 67: Group Non-Single Premium Category by Volume (’000), 2007–2011
Table 68: Group Non-Single Premium Category by Volume (’000), 2011–2016
Table 69: Group Non-Single Premium Category by Written Premium (INR Billion), 2007–2011
Table 70: Group Non-Single Premium Category by Written Premium (INR Billion), 2011–2016
Table 71: Life Insurance Market – Direct Marketing Commission Paid (INR Billion), 2007–2011
Table 72: Life Insurance Market –Direct Marketing Commission Paid (INR Billion), 2011–2016
Table 73: Life Insurance Market – Written Premium Through Direct Marketing (INR Billion), 2007–2011
Table 74: Life Insurance Market – Written Premium Through Direct Marketing (INR Billion), 2011–2016
Table 75: Life Insurance Market – Policies Sold Through Direct Marketing (‘000), 2007–2011
Table 76: Life Insurance Market – Policies Sold Through Direct Marketing (‘000), 2011–2016
Table 77: Life Insurance Market – Number of Direct Marketing Distributors, 2007–2011
Table 78: Life Insurance Market – Number of Direct Marketing Distributors, 2011–2016
Table 79: Life Insurance Market – Bancassurance Commission Paid (INR Billion), 2007–2011
Table 80: Life Insurance Market – Bancassurance Commission Paid (INR Billion), 2011–2016
Table 81: Life Insurance Market – Written Premium Through Bancassurance (INR Billion), 2007–2011
Table 82: Life Insurance Market – Written Premium Through Bancassurance (INR Billion), 2011–2016
Table 83: Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2007–2011
Table 84: Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2011–2016
Table 85: Life Insurance Market – Number of Bancassurance Distributors, 2007–2011
Table 86: Life Insurance Market – Number of Bancassurance Distributors, 2011–2016
Table 87: Life Insurance Market – Commission Paid to Agencies (INR Billion), 2007–2011
Table 88: Life Insurance Market – Commission Paid to Agencies (INR Billion), 2011–2016
Table 89: Life Insurance Market – Written Premium Through Agencies (INR Billion|), 2007–2011
Table 90: Life Insurance Market – Written Premium Through Agencies (INR Billion), 2011–2016
Table 91: Life Insurance Market – Policies Sold Through Agencies (‘000), 2007–2011
Table 92: Life Insurance Market – Policies Sold Through Agencies (‘000), 2011–2016
Table 93: Life Insurance Market – Number of Agencies, 2007–2011
Table 94: Life Insurance Market – Number of Agencies, 2011–2016
Table 95: Life Insurance Market – Commission Paid to Other Channels (INR Billion), 2007–2011
Table 96: Life Insurance Market – Commission Paid to Other Channels (INR Billion), 2011–2016
Table 97: Life Insurance Market – Written Premium Through Other Channels (INR Billion), 2007–2011
Table 98: Life Insurance Market – Written Premium Through Other Channels (INR Billion), 2011–2016
Table 99: Life Insurance Market – Policies Sold Through Other Channels (‘000), 2007–2011
Table 100: Life Insurance Market – Policies Sold Through Other Channels (‘000), 2011–2016
Table 101: Life Insurance Market – Number of Distributors in Other Channels, 2007–2011
Table 102: Life Insurance Market – Number of Distributors in Other Channels, 2011–2016
Table 103: Reinsurance Market in India by Category (INR Billion), 2007–2011
Table 104: Reinsurance Market in India by Category (US$ Billion), 2007–2011
Table 105: Reinsurance Market in India by Category (INR Billion), 2011–2016
Table 106: Reinsurance Market in India by Category (US$ Billion), 2011–2016
Table 107: Reinsurance Ceded by Type of Insurance (INR Billion), 2007–2011
Table 108: Reinsurance Ceded by Type of Insurance (US$ Billion), 2007–2011
Table 109: Reinsurance Ceded by Type of Insurance (INR Billion), 2011–2016
Table 110: Reinsurance Ceded by Type of Insurance (US$ Billion), 2011–2016
Table 111: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 112: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 113: Life Insurance Market Share (%), 2007–2010
Table 114: Life Insurance Corporation of India, Key Facts
Table 115: Life Insurance Corporation of India, Main Products
Table 116: Life Insurance Corporation of India, Key Employees
Table 117: ICICI Prudential Life Insurance Co. Ltd, Key Facts
Table 118: ICICI Prudential Life Insurance Co. Ltd, Main Products
Table 119: ICICI Prudential Life Insurance Co. Ltd, Key Employees
Table 120: Bajaj Allianz Life Insurance Co. Ltd, Key Facts
Table 121: Bajaj Allianz Life Insurance Co. Ltd, Main Products
Table 122: Bajaj Allianz Life Insurance Co. Ltd, Key Employees
Table 123: SBI Life Insurance Co. Ltd, Key Facts
Table 124: SBI Life Insurance Co. Ltd, Main Products
Table 125: SBI Life Insurance Co. Ltd, Key Employees
Table 126: HDFC Standard Life Insurance Company Limited, Key Facts
Table 127: HDFC Standard Life Insurance Company Limited, Main Products
Table 128: HDFC Standard Life Insurance Company Limited, Key Employees
Table 129: Reliance Life Insurance Company Limited, Key Facts
Table 130: Reliance Life Insurance Company Limited, Main Products
Table 131: Reliance Life Insurance Company Limited, Key Employees
Table 132: Birla Sun Life Insurance Company Limited, Key Facts
Table 133: Birla Sun Life Insurance Company Limited, Main Products
Table 134: Birla Sun Life Insurance Company Limited, Key Employees
Table 135: Max New York Life Insurance Company Ltd, Key Facts
Table 136: Max New York Life Insurance Company Ltd, Main Products
Table 137: Max New York Life Insurance Company Ltd, Key Employees
Table 138: Tata AIG Life Insurance Company Ltd, Key Facts
Table 139: Tata AIG Life Insurance Company Ltd, Main Products
Table 140: Tata AIG Life Insurance Company Ltd, Key Employees
Table 141: Kotak Mahindra Old Mutual Life Insurance Ltd, Key Facts
Table 142: Kotak Mahindra Old Mutual Life Insurance Ltd, Main Products
Table 143: Kotak Mahindra Old Mutual Life Insurance Ltd, Key Employees
LIST OF FIGURES
Figure 1: India Insurance Overall Written Premium by Segment (INR Billion), 2007–2016
Figure 2: India Insurance Market Dynamics by Segment, 2007–2016
Figure 3: Life Insurance Written Premium by Category (INR Billion), 2007–2016
Figure 4: Life Insurance Written Premium by Category (% Share)f, 2011 and 2016
Figure 5: Life Insurance Market Dynamics by Category, 2007–2016
Figure 6: Life Insurance Market – Incurred Loss (INR Billion), 2007–2011
Figure 7: Life Insurance Market – Incurred Loss (INR Billion), 2011–2016
Figure 8: Life Insurance Market – Loss Ratio (%), 2007–2011
Figure 9: Life Insurance Market – Loss Ratio (%), 2011–2016
Figure 10: Life Insurance Market – Commissions and Expenses (INR Billion), 2007–2011
Figure 11: Life Insurance Market – Commissions and Expenses (INR Billion), 2011–2016
Figure 12: Life Insurance Market – Combined Ratio (%), 2007–2011
Figure 13: Life Insurance Market – Combined Ratio (%), 2011–2016
Figure 14: Life Insurance Market – Frauds and Crimes (INR Billion), 2007–2011
Figure 15: Life Insurance Market – Frauds and Crimes (INR Billion), 2011–2016
Figure 16: Life Insurance Market – Total Assets (INR Billion), 2007–2011
Figure 17: Life Insurance Market – Total Assets (INR Billion), 2011–2016
Figure 18: Life Insurance Market – Total Investment Income (INR Billion), 2007–2011
Figure 19: Life Insurance Market – Total Investment Income (INR Billion), 2011–2016
Figure 20: Life Insurance Market – Retentions (INR Billion), 2007–2011
Figure 21: Life Insurance Market – Retentions (INR Billion), 2011–2016
Figure 22: Life Insurance Market – Investment Type (INR Billion), 2007–2011
Figure 23: Life Insurance Market – Investment Type (% Share), 2007 and 2011
Figure 24: Life Insurance Market – Density and Penetration (%), 2007–2011
Figure 25: Life Insurance Market – Number of Policies Sold (’000), 2007–2011
Figure 26: Life Insurance Market – Number of Policies Sold (’000), 2011–2016
Figure 27: Life Insurance Market – Premium Per-capita (INR), 2007–2011
Figure 28: Individual Life Insurance Category by Volume (’000), 2007–2011
Figure 29: Individual Life Insurance Category by Volume (’000), 2011–2016
Figure 30: Individual Life Insurance Category by Written Premium (INR Billion), 2007–2011
Figure 31: Individual Life Insurance Category by Written Premium (INR Billion), 2011–2016
Figure 32: Individual General Annuity Insurance Category by Volume (’000), 2007–2011
Figure 33: Individual General Annuity Insurance Category by Volume (’000), 2011–2016
Figure 34: Individual General Annuity Insurance Category by Written Premium (INR Billion), 2007–2011
Figure 35: Individual General Annuity Insurance Category by Written Premium (INR Billion), 2011–2016
Figure 36: Individual Pension Insurance Category by Volume (’000), 2007–2011
Figure 37: Individual Pension Insurance Category by Volume (’000), 2011–2016
Figure 38: Individual Pension Insurance Category by Written Premium (INR Billion), 2007–2011
Figure 39: Individual Pension Insurance Category by Written Premium (INR Billion), 2011–2016
Figure 40: Individual Unit-linked Insurance Sub-Category by Volume (’000), 2007–2011
Figure 41: Individual Unit-linked Insurance Sub-Category by Volume (’000), 2011–2016
Figure 42: Individual Unit-linked Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Figure 43: Individual Unit-linked Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Figure 44: Group Life Insurance Category by Volume (’000), 2007–2011
Figure 45: Group Life Insurance Category by Volume (’000), 2011–2016
Figure 46: Group Life Insurance Category by Written Premium (INR Billion), 2007–2011
Figure 47: Group Life Insurance Category by Written Premium (INR Billion), 2011–2016
Figure 48: Group Superannuation Insurance Category by Volume (’000), 2007–2011
Figure 49: Group Superannuation Insurance Category by Volume (’000), 2011–2016
Figure 50: Group Superannuation Insurance Category by Written Premium (INR Billion), 2007–2011
Figure 51: Group Superannuation Insurance Category by Written Premium (INR Billion), 2011–2016
Figure 52: Group Unit-Linked Insurance Sub-Category by Volume (’000), 2007–2011
Figure 53: Group Unit-Linked Insurance Sub-Category by Volume (’000), 2011–2016
Figure 54: Group Unit-Linked Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Figure 55: Group Unit-Linked Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Figure 56: Individual Single Premium Category by Volume (’000), 2007–2011
Figure 57: Individual Single Premium Category by Volume (’000), 2011–2016
Figure 58: Individual Single Premium Category by Written Premium (INR Billion), 2007–2011
Figure 59: Individual Single Premium Category by Written Premium (INR Billion), 2011–2016
Figure 60: Individual Non-Single Premium Category by Volume (’000), 2007–2011
Figure 61: Individual Non-Single Premium Category by Volume (’000), 2011–2016
Figure 62: Individual Non-Single Premium Category by Written Premium (INR Billion), 2007–2011
Figure 63: Individual Non-Single Premium Category by Written Premium (INR Billion), 2011–2016
Figure 64: Group Single Premium Category by Volume (’000), 2007–2011
Figure 65: Group Single Premium Category by Volume (’000), 2011–2016
Figure 66: Group Single Premium Category by Written Premium (INR Billion), 2007–2011
Figure 67: Group Single Premium Category by Written Premium (INR Billion), 2011–2016
Figure 68: Group Non-Single Premium Category by Volume (’000), 2007–2011
Figure 69: Group Non-Single Premium Category by Volume (’000), 2011–2016
Figure 70: Group Non-Single Premium Category by Written Premium (INR Billion), 2007–2011
Figure 71: Group Non-Single Premium Category by Written Premium (INR Billion), 2011–2016
Figure 72: Life Insurance New Business Written Premium by Distribution Channels (%Share), 2011 and 2016
Figure 73: Life Insurance Market – Direct Marketing Commission Paid (INR Billion), 2007–2011
Figure 74: Life Insurance Market – Direct Marketing Commission Paid (INR Billion), 2011–2016
Figure 75: Life Insurance Market – Written Premium Through Direct Marketing (INR Billion), 2007–2011
Figure 76: Life Insurance Market – Written Premium Through Direct Marketing (INR Billion), 2011–2016
Figure 77: Life Insurance Market – Policies Sold Through Direct Marketing (‘000), 2007–2011
Figure 78: Life Insurance Market – Policies Sold Through Direct Marketing (‘000), 2011–2016
Figure 79: Life Insurance Market – Number of Direct Marketing Distributors, 2007–2011
Figure 80: Life Insurance Market – Number of Direct Marketing Distributors, 2011–2016
Figure 81: Life Insurance Market – Bancassurance Commission Paid (INR Billion), 2007–2011
Figure 82: Life Insurance Market – Bancassurance Commission Paid (INR Billion), 2011–2016
Figure 83: Life Insurance Market – Written Premium Through Bancassurance (INR Billion), 2007–2011
Figure 84: Life Insurance Market – Written Premium Through Bancassurance (INR Billion), 2011–2016
Figure 85: Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2007–2011
Figure 86: Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2011–2016
Figure 87: Life Insurance Market – Number of Bancassurance Distributors, 2007–2011
Figure 88: Life Insurance Market – Number of Bancassurance Distributors, 2011–2016
Figure 89: Life Insurance Market – Commission Paid to Agencies (INR Billion), 2007–2011
Figure 90: Life Insurance Market – Commission Paid to Agencies (INR Billion), 2011–2016
Figure 91: Life Insurance Market – Written Premium Through Agencies (INR Billion), 2007–2011
Figure 92: Life Insurance Market – Written Premium Through Agencies (INR Billion), 2011–2016
Figure 93: Life Insurance Market – Policies Sold Through Agencies (‘000), 2007–2011
Figure 94: Life Insurance Market – Policies Sold Through Agencies (‘000), 2011–2016
Figure 95: Life Insurance Market – Number of Agencies, 2007–2011
Figure 96: Life Insurance Market – Number of Agencies, 2011–2016
Figure 97: Life Insurance Market – Commission Paid to Other Channels (INR Billion), 2007–2011
Figure 98: Life Insurance Market – Commission Paid to Other Channels (INR Billion), 2011–2016
Figure 99: Life Insurance Market – Written Premium Through Other Channels (INR Billion), 2007–2011
Figure 100: Life Insurance Market – Written Premium Through Other Channels (INR Billion), 2011–2016
Figure 101: Life Insurance Market – Policies Sold Through Other Channels (‘000), 2007–2011
Figure 102: Life Insurance Market – Policies Sold Through Other Channels (‘000), 2011–2016
Figure 103: Life Insurance Market – Number of Distributors in Other Channels, 2007–2011
Figure 104: Life Insurance Market – Number of Distributors in Other Channels, 2011–2016
Figure 105: Indian Life Insurance Market – Five Forces Analysis
Figure 106: Premium Ceded to Reinsurance by Category (INR Billion), 2007–2016
Figure 107: Reinsurance Premium Share by Category, 2011 and 2016
Figure 108: Reinsurance Market Dynamics by Category, 2007–2016
Figure 109: Reinsurance Ceded by Type of Insurance (INR Billion), 2007–2016
Figure 110: Reinsurance Market Dynamics by Type of Insurance, 2007–2016
Figure 111: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 112: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 113: Life Insurance Market Share (%), 2007 and 2010
Figure 114: Indian Business Confidence Indicator, 2008–2010
Figure 115: Bombay Stock Exchange (BSE), Market Capitalization (US$ Billion), 2003–2009
Figure 116: Indian FDI Inflows by Industry (US$ Billion), 2003–2009
Figure 117: Indian Deployment of Credit (US$ Billion), 2003–2008
Figure 118: Indian GDP at Constant Prices (US$ Billion), 2007–2016
Figure 119: Indian GDP Per Capita at Constant Prices (US$), 2007–2016
Figure 120: Indian GDP at Current Prices (US$ Billion), 2007–2016
Figure 121: Indian GDP Per Capita at Current Prices (US$), 2007–2016
Figure 122: Indian GDP Split by Key Sectors (%), 2003 and 2009
Figure 123: Indian Agriculture Net Output at Current Prices (INR Trillion), 2007–2016
Figure 124: Indian Agriculture Net Output at Current Prices (US$ Billion), 2007–2016
Figure 125: Indian Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 126: Indian Manufacturing Net Output at Current Prices (INR Trillion), 2007–2016
Figure 127: Indian Manufacturing Net Output at Current Prices (US$ Billion), 2007–2016
Figure 128: Indian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 129: Indian Mining, Manufacturing and Utilities Net Output at Current Prices (INR Trillion), 2007–2016
Figure 130: Indian Mining, Manufacturing and Utilities Output at Current Prices (US$ Billion), 2007–2016
Figure 131: Indian Mining, Manufacturing and Utilities Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 132: Indian Construction Net Output at Current Prices (INR Trillion), 2007–2016
Figure 133: Indian Construction Net Output at Current Prices (US$ Billion), 2007–2016
Figure 134: Indian Construction Output at Current Prices as a Percentage of GDP (%), 2007-2016
Figure 135: Indian Crude Steel Production (Million Metric Tons), 2007–2016
Figure 136: Indian Crude Oil Consumption (Million Tons), 2007–2016
Figure 137: Indian Inflation Rate (%), 2007–2016
Figure 138: Indian Fiscal Balance as a Percentage of GDP (%), 2007–2010
Figure 139: Indian Trade Balance as a Percentage of GDP (%), 2007–2016
Figure 140: India Exports as a Percentage of GDP (%), 2007–2016
Figure 141: Indian Imports as a Percentage of GDP (%), 2007–2016
Figure 142: Indian Exports Growth (%), 2007–2016
Figure 143: Indian Imports Growth (%), 2007–2016
Figure 144: Indian External Debt as a Percentage of GDP (%), 2007–2011
Figure 145: Indian Annual Average Exchange Rate (US$–INR), 2007–2010
Figure 146: Indian End of Period Exchange Rate (US$–INR), 2007–2010
Figure 147: India Debt Service Ratio (%), 2007–2009
Figure 148: Indian Total Number of Airports, 2009
Figure 149: Indian Railways and Roadways (Kilometers), 2011
Figure 150: Indian Passenger Vehicle Production (Million Units), 2007–2016
Figure 151: Indian Commercial Vehicle Production (Units), 2007–2016
Figure 152: Indian Passenger Vehicle Exports (Units), 2007–2016
Figure 153: Indian Commercial Vehicle Exports (Units), 2007–2016
Figure 154: Indian Automotive Components Exports (US$ Billion), 2007–2016
Figure 155: Indian Automotive Components Imports (US$ Billion), 2007–2016
Figure 156: Indian Passenger Car Penetration (per Thousand People), 2007–2016
Figure 157: Indian Motorcycle Penetration (per Thousand People), 2007–2016
Figure 158: Indian Total Installed Capacity for Electricity Generation (Million Kilowatts), 2007–2016
Figure 159: Indian Installed Capacity for the Generation of Conventional Thermal Electricity (Million Kilowatts), 2007–2016
Figure 160: Indian Electricity Production (Billion Kilowatts Hours), 2007–2016
Figure 161: Indian Installed Capacity for the Generation of Hydro-Electricity (Million Kilowatts), 2007–2016
Figure 162: Indian Installed Capacity for the Generation of Renewable Electricity (Million Kilowatts), 2007–2016
Figure 163: Indian Electricity Exports (Million Kilowatts Hours), 2007–2016
Figure 164: Indian Electricity Imports (Million Kilowatts Hours), 2007–2016
Figure 165: Indian Healthcare Expenditure (US$ Billion), 2007–2016
Figure 166: Indian Healthcare Expenditure as a Percentage of GDP (%), 2007–2016
Figure 167: Indian Per Capita Healthcare Expenditure (US$), 2007–2016
Figure 168: Indian Internet Subscribers (Million), 2007–2016
Figure 169: Indian Broadband Internet Subscriptions (Million), 2007–2016
Figure 170: Indian Personal Computer Penetration Rate (per Hundred People), 2007–2016
Figure 171: Indian Mobile Phone Penetration Rate (%), 2007–2016
Figure 172: Indian R&D Expenditure as a Percentage of GDP (%), 2007–2016
Figure 173: Indian Labor Force Size (Million), 2007–2016
Figure 174: Indian Unemployment Rate (%), 2007–2016
Figure 175: Indian Annual Disposable Income (US$ Billion), 2007–2016
Figure 176: Indian Annual Per Capita Disposable Income (US$), 2007–2016
Figure 177: Indian Consumer Expenditure on Food (US$ Billion), 2007–2016
Figure 178: Indian Annual Per Capita Consumer Expenditure on Food (US$), 2007–2016
Figure 179: Indian Total Population (Million), 2007–2016
Figure 180: Indian Urban and Rural Population (%), 2007–2016
Figure 181: Indian Female Percentage of Population (%), 2007–2016
Figure 182: Indian Male Percentage of Population (%), 2007–2016
Figure 183: Indian Mean Age of Population (Years), 2007–2016
Figure 184: Indian Median Age of Population (Years), 2007–2016
Figure 185: India Population Density (per Square Kilometer), 2007–2016
Figure 186: Indian Population Distribution by Age (%), 2007–2016
Figure 187: Indian Male Population Distribution by Age (%), 2007–2016
Figure 188: Indian Female Population Distribution by Age (%), 2007–2016
Figure 189: Indian Number of Households (Million), 2007–2016
Figure 190: Global Terrorism Heat Map, 2011
Figure 191: Indian Transparency Index, 2007–2010
COMPANIES MENTIONED
Life Insurance Corporation of India
ICICI Prudential Life Insurance Co. Ltd
Bajaj Allianz Life Insurance Company Limited.
SBI Life Insurance Co. Ltd
HDFC Standard Life Insurance Co. Ltd
Reliance Life Insurance Company Limited.
Birla Sun Life Insurance Co. Ltd
Max New York Life Insurance Co. Ltd
Max New York Life Insurance Co. Ltd
Kotak Mahindra Old Mutual Life Insurance Limited Skip to top