Life Insurance in India, Key Trends and Opportunities to 2017

Date: October 11, 2013
Pages: 272
Price:
US$ 1,950.00
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Publisher: Timetric
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: LE66DEF5429EN
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Life Insurance in India, Key Trends and Opportunities to 2017
SYNOPSIS

The report provides industry analysis, information and insights into the Indian life insurance segment, including:
  • Benchmarking analysis of the BRICS (Brazil, Russia, India, China and South Africa) countries
  • The Indian life insurance segment’s growth prospects by life insurance categories
  • The various distribution channels in the Indian life insurance segment
  • The competitive landscape in the life insurance segment in India
  • A description of the life reinsurance segment in India
  • Detailed analysis of the regulatory framework in India
SUMMARY

The Indian insurance industry is one of the fastest-growing in the Asia-Pacific region and is highly competitive with the presence of both public and private companies. The Indian life insurance segment recorded significant growth at a review-period (2008–2012) CAGR of 9.3%. This growth was driven by the rapid expansion of individual life and group superannuation products. The significant growth in the Indian life insurance segment 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 segment in India:
  • It provides historical values for India’s life insurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
  • It offers a detailed analysis of the key sub-segments in India’s life insurance segment, along with forecasts until 2017
  • 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 segment in India and its growth prospects
  • It profiles the top life insurance companies in India and outlines the key regulations affecting them
REASONS TO BUY
  • Make strategic business decisions using historic and forecast data related to the Indian life insurance segment and each category within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Indian life insurance segment
  • Assess the competitive dynamics in the life insurance segment, along with the reinsurance segment
  • Identify the growth opportunities and dynamics within key product categories
  • Gain insights into key regulations governing the Indian life insurance segment and its impact on companies and future trends
KEY HIGHLIGHTS
  • The Indian insurance industry is one of the fastest-growing in the Asia-Pacific region and is highly competitive with the presence of both public and private companies.
  • The increasing population, diverse product portfolios, a rise in disposable income, robust economic growth and rural area development contributed to the growth of the life segment during the review period.
  • 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
  • The deregulation of the industry in 2000 and the authorization of foreign participation resulted in an increase in the number of life insurers from five in 2000 to 24 in 2012.
  • 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 segment.
  • The top five private life insurance companies' cumulative market share stood at 86.3% in 2012.
1 EXECUTIVE SUMMARY

2 INTRODUCTION

2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 REGIONAL MARKET DYNAMICS

3.1 Overview
  3.1.1 Market trends
  3.1.2 Market size

4 LIFE INSURANCE

4.1 Scale and Penetration
  4.1.1 Total gross written premium
  4.1.2 Premium per capita
  4.1.3 Life insurance penetration (as a percentage of GDP)
4.2 Growth
  4.2.1 Gross written premium
  4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
  4.3.1 Loss ratio
  4.3.2 Combined ratio
  4.3.3 Incurred losses per capita
  4.3.4 Incurred losses as a percentage of GDP
4.4 Distribution Channels
  4.4.1 Direct marketing
  4.4.2 Bancassurance
  4.4.3 Agencies

5 INDIAN INSURANCE INDUSTRY ATTRACTIVENESS

5.1 Insurance Industry Size, 2008–2017
5.2 Key Industry Trends and Drivers

6 LIFE INSURANCE OUTLOOK

6.1 Life Insurance Growth Prospects by Category
  6.1.1 Individual life insurance
  6.1.2 Individual general annuity
  6.1.3 Individual pension insurance
  6.1.4 Individual unit-linked insurance
  6.1.5 Group life insurance
  6.1.6 Group superannuation insurance
  6.1.7 Group unit-linked insurance
6.2 Life Insurance Growth Prospects by Product Type
  6.2.1 Individual single-premium policies
  6.2.2 Individual non-single-premium policies
  6.2.3 Group single-premium policies
  6.2.4 Group non-single-premium policies

7 ANALYSIS BY DISTRIBUTION CHANNEL

7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-commerce
7.5 Brokers
7.6 Other Channels

8 PORTER’S FIVE FORCES ANALYSIS – INDIA LIFE INSURANCE

8.1 Bargaining Power of Suppliers: Low to Medium
8.2 Bargaining Power of Buyers: Medium
8.3 Barriers to Entry: Medium to High
8.4 Intensity of Rivalry: Medium
8.5 Threat of Substitutes: Medium

9 REINSURANCE GROWTH DYNAMICS AND CHALLENGES

9.1 Reinsurance Segment Size, 2008–2017
9.2 Reinsurance Segment Size by Type of Insurance, 2008–2017

10 GOVERNANCE, RISK AND COMPLIANCE

10.1 Legislation Overview and Historical Evolution
10.2 Legislation Trends by Type of Insurance
  10.2.1 Life insurance regulatory trends
  10.2.2 Property insurance regulatory trends
  10.2.3 Motor insurance regulatory trends
  10.2.4 Marine, aviation and transit insurance regulatory trends
  10.2.5 Personal accident and health insurance regulatory trends
10.3 Compulsory Insurance
  10.3.1 Motor third-party liability insurance
  10.3.2 Workmen's compensation insurance/employers’ liability insurance
10.4 Supervision and Control
  10.4.1 International Association of Insurance Supervisors
  10.4.2 Insurance Regulatory and Development Authority
10.5 Non-Admitted Insurance Regulatory Trends
  10.5.1 Overview
  10.5.2 Intermediaries
  10.5.3 Market practices
  10.5.4 Fines and penalties
10.6 Company Registration and Operations
  10.6.1 Types of insurance organization
  10.6.2 Establishing a local company
  10.6.3 Foreign ownership
  10.6.4 Types of license
  10.6.5 Capital requirements
  10.6.6 Solvency margins
  10.6.7 Reserve requirements
  10.6.8 Investment regulations
  10.6.9 Statutory return requirements
  10.6.10 Fee structure
10.7 Taxation
  10.7.1 Insurance premium or policy taxation
  10.7.2 Corporate tax
  10.7.3 VAT
  10.7.4 Captives
10.8 Legal System
  10.8.1 Introduction
  10.8.2 Access to court
  10.8.3 Alternative dispute resolution (ADR)

11 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS

11.1 Overview
11.2 Leading Companies in the Indian Life Insurance Segment
11.3 Comparison of the Top Five Insurers
  11.3.1 Gross written premium
  11.3.2 Outward reinsurance expense
  11.3.3 Gross claims
  11.3.4 Paid claims
  11.3.5 Total assets
11.4 Life Insurance Corporation of India – Company Overview
  11.4.1 Life Insurance Corporation of India – key facts
  11.4.2 Life Insurance Corporation of India – key financials
11.5 ICICI Prudential Life Insurance Co. Ltd – Company Overview
  11.5.1 ICICI Prudential Life Insurance Co. Ltd – key facts
  11.5.2 ICICI Prudential Life Insurance Co. Ltd – key financials
11.6 SBI Life Insurance Co. Ltd – Company Overview
  11.6.1 SBI Life Insurance Co. Ltd – key facts
  11.6.2 SBI Life Insurance Co. Ltd – key financial
11.7 HDFC Standard Life Insurance Company Ltd – Company Overview
  11.7.1 HDFC Standard Life Insurance Company Ltd – key facts
  11.7.2 HDFC Standard Life Insurance Company Ltd – key financials
11.8 Bajaj Allianz Life Insurance Co. Ltd – Company Overview
  11.8.1 Bajaj Allianz Life Insurance Co. Ltd – key facts
  11.8.2 Bajaj Allianz Life Insurance Co. Ltd – key financials
11.9 Max Life Insurance Company Ltd – Company Overview
  11.9.1 Max Life Insurance Company Ltd – key facts
  11.9.2 Max Life Insurance Company Ltd – key financials
11.1 Birla Sun Life Insurance Company Ltd – Company Overview
  11.10.1 Birla Sun Life Insurance Company Ltd – key facts
  11.10.2 Birla Sun Life Insurance Company Ltd – key financials
11.11 Reliance Life Insurance Company Ltd – Company Overview
  11.11.1 Reliance Life Insurance Company Ltd – key facts
  11.11.2 Reliance Life Insurance Company Ltd – key financial
11.12 Tata AIA Life Insurance Company Ltd – Company Overview
  11.12.1 Tata AIA Life Insurance Company Ltd – key facts
  11.12.2 Tata AIA Life Insurance Company Ltd – key financials
11.13 Kotak Mahindra Old Mutual Life Insurance Ltd – Company Overview
  11.13.1 Kotak Mahindra Old Mutual Life Insurance Ltd – key facts
  11.13.2 Kotak Mahindra Old Mutual Life Insurance Ltd – key financials

12 BUSINESS ENVIRONMENT AND COUNTRY RISK

12.1 Business Confidence
  12.1.1 Market capitalization trend – Bombay Stock Exchange, India
12.2 Economic Performance
  12.2.1 GDP at constant prices (US$)
  12.2.2 GDP per capita at constant prices (US$)
  12.2.3 GDP at current prices (US$)
  12.2.4 GDP per capita at current prices (US$)
  12.2.5 GDP by key segments
  12.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
  12.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
  12.2.8 Manufacturing net output at current prices (US$)
  12.2.9 Manufacturing net output at current prices as a percentage of GDP
  12.2.10 Mining, manufacturing and utilities at current prices (US$)
  12.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
  12.2.12 Construction net output at current prices, (US$)
  12.2.13 Construction net output at current prices as a percentage of GDP
  12.2.14 Inflation rate
  12.2.15 Exports as a percentage of GDP
  12.2.16 Imports as a percentage of GDP
  12.2.17 Exports growth
  12.2.18 Imports growth
12.3 Infrastructure Quality and Availability
  12.3.1 Commercial vehicles exports – total value
  12.3.2 Commercial vehicles imports – total value
  12.3.3 Automotive exports – total value
  12.3.4 Automotive imports – total value
  12.3.5 Total internet subscribers
12.4 Labor Force
  12.4.1 Labor force
12.5 Demographics
  12.5.1 Gross national disposable income (US$)
  12.5.2 Total population
  12.5.3 Urban and rural populations
  12.5.4 Age distribution of the total population

13 APPENDIX

13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric’s Services
13.5 Disclaimer

LIST OF TABLES

Table 1: Insurance Industry Definitions
Table 2: Indian Insurance – Overall Written Premium by Segment (INR Billion), 2008–2012
Table 3: Indian Insurance – Overall Written Premium by Segment (US$ Billion), 2008–2012
Table 4: Indian Insurance – Overall Written Premium by Segment (INR Billion), 2012–2017
Table 5: Indian Insurance – Overall Written Premium by Segment (US$ Billion), 2012–2017
Table 6: Indian Insurance – Segmentation (%), 2008–2017
Table 7: Indian Life Insurance – Written Premium by Category (INR Billion), 2008–2012
Table 8: Indian Life Insurance – Written Premium by Category (US$ Billion), 2008–2012
Table 9: Indian Life Insurance – Written Premium by Category (INR Billion), 2012–2017
Table 10: Indian Life Insurance – Written Premium by Category (US$ Billion), 2012–2017
Table 11: Indian Life Insurance – Earned Premium (INR Billion), 2008–2012
Table 12: Indian Life Insurance – Earned Premium (INR Billion), 2012–2017
Table 13: Indian Life Insurance – Sum Assured (INR Billion), 2008–2012
Table 14: Indian Life Insurance – Sum Assured (INR Billion), 2012–2017
Table 15: Indian Life Insurance – Paid Claims (INR Billion), 2008–2012
Table 16: Indian Life Insurance – Paid Claims (INR Billion), 2012–2017
Table 17: Indian Life Insurance – Incurred Loss (INR Billion), 2008–2012
Table 18: Indian Life Insurance – Incurred Loss (INR Billion), 2012–2017
Table 19: Indian Life Insurance – Loss Ratio (%), 2008–2012
Table 20: Indian Life Insurance – Loss Ratio (%), 2012–2017
Table 21: Indian Life Insurance – Commissions and Expenses (INR Billion), 2008–2012
Table 22: Indian Life Insurance – Commissions and Expenses (INR Billion), 2012–2017
Table 23: Indian Life Insurance – Combined Ratio (%), 2008–2012
Table 24: Indian Life Insurance – Combined Ratio (%), 2012–2017
Table 25: Indian Life Insurance – Frauds and Crimes (INR Billion), 2008–2012
Table 26: Indian Life Insurance – Frauds and Crimes (INR Billion), 2012–2017
Table 27: Indian Life Insurance – Total Assets (INR Billion), 2008–2012
Table 28: Indian Life Insurance – Total Assets (INR Billion), 2012–2017
Table 29: Indian Life Insurance – Total Investment Income (INR Billion), 2008–2012
Table 30: Indian Life Insurance – Total Investment Income (INR Billion), 2012–2017
Table 31: Indian Life Insurance – Retentions (INR Billion), 2008–2012
Table 32: Indian Life Insurance – Retentions (INR Billion), 2012–2017
Table 33: Indian Individual Life Insurance – Number of Active Policies (Thousand), 2008–2012
Table 34: Indian Individual Life Insurance – Number of Active Policies (Thousand), 2012–2017
Table 35: Indian Individual Life Insurance – Written Premium (INR Billion), 2008–2012
Table 36: Indian Individual Life Insurance – Written Premium (INR Billion), 2012–2017
Table 37: Indian Individual General Annuity Insurance – Number of Active Policies (Thousand), 2008–2012
Table 38: Indian Individual General Annuity Insurance – Number of Active Policies (Thousand), 2012–2017
Table 39: Indian Individual General Annuity Insurance – Written Premium (INR Billion), 2008–2012
Table 40: Indian Individual General Annuity Insurance – Written Premium (INR Billion), 2012–2017
Table 41: Indian Individual Pension Insurance – Number of Active Policies (Thousand), 2008–2012
Table 42: Indian Individual Pension Insurance – Number of Active Policies (Thousand), 2012–2017
Table 43: Indian Individual Pension Insurance – Written Premium (INR Billion), 2008–2012
Table 44: Indian Individual Pension Insurance – Written Premium (INR Billion), 2012–2017
Table 45: Indian Individual Unit-Linked Insurance – Number of Active Policies (Thousand), 2008–2012
Table 46: Indian Individual Unit-Linked Insurance – Number of Active Policies (Thousand), 2012–2017
Table 47: Indian Individual Unit-Linked Insurance – Written Premium (INR Billion), 2008–2012
Table 48: Indian Individual Unit-Linked Insurance – Written Premium (INR Billion), 2012–2017
Table 49: Indian Group Life Insurance – Number of Active Policies (Thousand), 2008–2012
Table 50: Indian Group Life Insurance – Number of Active Policies (Thousand), 2012–2017
Table 51: Indian Group Life Insurance – Written Premium (INR Billion), 2008–2012
Table 52: Indian Group Life Insurance – Written Premium (INR Billion), 2012–2017
Table 53: Indian Group Superannuation Insurance – Number of Active Policies (Thousand), 2008–2012
Table 54: Indian Group Superannuation Insurance – Number of Active Policies (Thousand), 2012–2017
Table 55: Indian Group Superannuation Insurance – Written Premium (INR Billion), 2008–2012
Table 56: Indian Group Superannuation Insurance – Written Premium (INR Billion), 2012–2017
Table 57: Indian Group Unit-Linked Insurance – Number of Active Policies (Thousand), 2008–2012
Table 58: Indian Group Unit-Linked Insurance – Number of Active Policies (Thousand), 2012–2017
Table 59: Indian Group Unit-Linked Insurance – Written Premium (INR Billion), 2008–2012
Table 60: Indian Group Unit-Linked Insurance – Written Premium (INR Billion), 2012–2017
Table 61: Indian Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Table 62: Indian Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Table 63: Indian Individual Single-Premium Insurance – Written Premium (INR Billion), 2008–2012
Table 64: Indian Individual Single-Premium Insurance – Written Premium (INR Billion), 2012–2017
Table 65: Indian Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Table 66: Indian Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Table 67: Indian Individual Non-Single-Premium Insurance – Written Premium (INR Billion), 2008–2012
Table 68: Indian Individual Non-Single-Premium Insurance – Written Premium (INR Billion), 2012–2017
Table 69: Indian Group Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Table 70: Indian Group Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Table 71: Indian Group Single-Premium Insurance – Written Premium (INR Billion), 2008–2012
Table 72: Indian Group Single-Premium Insurance – Written Premium (INR Billion), 2012–2017
Table 73: Indian Group Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Table 74: Indian Group Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Table 75: Indian Group Non-Single-Premium Insurance – Written Premium (INR Billion), 2008–2012
Table 76: Indian Group Non-Single-Premium Insurance – Written Premium (INR Billion), 2012–2017
Table 77: Indian Life Insurance – Direct Marketing Commission Paid (INR Billion), 2008–2012
Table 78: Indian Life Insurance – Direct Marketing Commission Paid (INR Billion), 2012–2017
Table 79: Indian Life Insurance – New Business Written Premium Through Direct Marketing (INR Billion), 2008–2012
Table 80: Indian Life Insurance – New Business Written Premium Through Direct Marketing (INR Billion), 2012–2017
Table 81: Indian Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2008–2012
Table 82: Indian Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2012–2017
Table 83: Indian Life Insurance – Number of Direct Marketing Distributors (Thousand), 2008–2012
Table 84: Indian Life Insurance – Number of Direct Marketing Distributors (Thousand), 2012–2017
Table 85: Indian Life Insurance – Bancassurance Commission Paid (INR Billion), 2008–2012
Table 86: Indian Life Insurance – Bancassurance Commission Paid (INR Billion), 2012–2017
Table 87: Indian Life Insurance – New Business Written Premium Through Bancassurance (INR Billion), 2008–2012
Table 88: Indian Life Insurance – New Business Written Premium Through Bancassurance (INR Billion), 2012–2017
Table 89: Indian Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2008–2012
Table 90: Indian Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2012–2017
Table 91: Indian Life Insurance – Number of Bancassurance Distributors, 2008–2012
Table 92: Indian Life Insurance – Number of Bancassurance Distributors, 2012–2017
Table 93: Indian Life Insurance – Commission Paid to Agencies (INR Billion), 2008–2012
Table 94: Indian Life Insurance – Commission Paid to Agencies (INR Billion), 2012–2017
Table 95: Indian Life Insurance – New Business Written Premium Through Agencies (INR Billion), 2008–2012
Table 96: Indian Life Insurance – New Business Written Premium Through Agencies (INR Billion), 2012–2017
Table 97: Indian Life Insurance – New Policies Sold Through Agencies (Thousand), 2008–2012
Table 98: Indian Life Insurance – New Policies Sold Through Agencies (Thousand), 2012–2017
Table 99: Indian Life Insurance – Number of Agencies (Thousand), 2008–2012
Table 100: Indian Life Insurance – Number of Agencies (Thousand), 2012–2017
...

LIST OF FIGURES

Figure 1: BRICS Region – A Snapshot of the Economies and Populations, 2011
Figure 2: BRICS Region – Growth Trends in the Insurance Industry
Figure 3: BRICS Region – GDP at Constant Prices (US$ Trillion) and Annual Per Capita Disposable Income (US$), 2007 and 2011
Figure 4: BRICS Region – Health Expenditure Per Capita (US$), 2007 and 2011
Figure 5: BRICS Insurance – Total Industry Values by Segment (US$ Billion), 2011
Figure 6: BRICS Life Insurance – Gross Written Premiums (US$ Billion), 2011
Figure 7: BRICS Life Insurance – Premium Per Capita (US$), 2011
Figure 8: BRICS Life Insurance – Penetration as a Percentage of GDP (%), 2011 and 2016
Figure 9: BRICS Life Insurance – Gross Written Premium Growth (%), 2007–2016
Figure 10: BRICS Life Insurance – Gross Written Premium per Capita Growth (%), 2007–2016
Figure 11: BRICS Life Insurance – Loss Ratios (%), 2011 and 2016
Figure 12: BRICS Life Insurance – Combined Ratios (%), 2011 and 2016
Figure 13: BRICS Life Insurance – Incurred Losses per Capita (US$), 2011 and 2016
Figure 14: BRICS Life Insurance – Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 15: BRICS Direct Marketing – Share of Life insurance New Business Gross Written Premium (%), 2007–2016
Figure 16: BRICS Bancassurance – Share of Life insurance New Business Gross Written Premium (%), 2007–2016
Figure 17: BRICS Agencies – Share of Life insurance New Business Gross Written Premium (%), 2007–2016
Figure 18: Indian Insurance – Overall Written Premium by Segment (INR Billion), 2008–2017
Figure 19: Indian Insurance – Dynamics by Segment (%), 2008–2017
Figure 20: Indian Life Insurance – Written Premium by Category (INR Billion), 2008–2017
Figure 21: Indian Life Insurance – Written Premium by Category (% Share), 2012 and 2017
Figure 22: Indian Life Insurance – Dynamics by Category (%), 2008–2017
Figure 23: Indian Life Insurance – Earned Premium (INR Billion), 2008–2012
Figure 24: Indian Life Insurance – Earned Premium (INR Billion), 2012–2017
Figure 25: Indian Life Insurance – Sum Assured (INR Billion), 2008–2012
Figure 26: Indian Life Insurance – Sum Assured (INR Billion), 2012–2017
Figure 27: Indian Life Insurance – Paid Claims (INR Billion), 2008–2012
Figure 28: Indian Life Insurance – Paid Claims (INR Billion), 2012–2017
Figure 29: Indian Life Insurance – Incurred Loss (INR Billion), 2008–2012
Figure 30: Indian Life Insurance – Incurred Loss (INR Billion), 2012–2017
Figure 31: Indian Life Insurance – Loss Ratio (%), 2008–2012
Figure 32: Indian Life Insurance – Loss Ratio (%), 2012–2017
Figure 33: Indian Life Insurance – Commissions and Expenses (INR Billion), 2008–2012
Figure 34: Indian Life Insurance – Commissions and Expenses (INR Billion), 2012–2017
Figure 35: Indian Life Insurance – Combined Ratio (%), 2008–2012
Figure 36: Indian Life Insurance – Combined Ratio (%), 2012–2017
Figure 37: Indian Life Insurance – Frauds and Crimes (INR Billion), 2008–2012
Figure 38: Indian Life Insurance – Frauds and Crimes (INR Billion), 2012–2017
Figure 39: Indian Life Insurance – Total Assets (INR Billion), 2008–2012
Figure 40: Indian Life Insurance – Total Assets (INR Billion), 2012–2017
Figure 41: Indian Life Insurance – Total Investment Income (INR Billion), 2008–2012
Figure 42: Indian Life Insurance – Total Investment Income (INR Billion), 2012–2017
Figure 43: Indian Life Insurance – Retentions (INR Billion), 2008–2012
Figure 44: Indian Life Insurance – Retentions (INR Billion), 2012–2017
Figure 45: Indian Life Insurance – Investment Portfolio (INR Billion), 2008–2012
Figure 46: Indian Life Insurance – Investment Portfolio (%), 2008 and 2012
Figure 47: Indian Life Insurance – Penetration (%), 2008–2012
Figure 48: Indian Life Insurance – Density (Number of Policies per Capita), 2008–2012
Figure 49: Indian Life Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 50: Indian Life Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 51: Indian Life Insurance – Premium per Capita (INR), 2008–2012
Figure 52: Indian Individual Life Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 53: Indian Individual Life Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 54: Indian Individual Life Insurance – Written Premium (INR Billion), 2008–2012
Figure 55: Indian Individual Life Insurance – Written Premium (INR Billion), 2012–2017
Figure 56: Indian Individual General Annuity Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 57: Indian Individual General Annuity Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 58: Indian Individual General Annuity Insurance – Written Premium (INR Billion), 2008–2012
Figure 59: Indian Individual General Annuity Insurance – Written Premium (INR Billion), 2012–2017
Figure 60: Indian Individual Pension Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 61: Indian Individual Pension Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 62: Indian Individual Pension Insurance – Written Premium (INR Billion), 2008–2012
Figure 63: Indian Individual Pension Insurance – Written Premium (INR Billion), 2012–2017
Figure 64: Indian Individual Unit-Linked Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 65: Indian Individual Unit-Linked Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 66: Indian Individual Unit-Linked Insurance – Written Premium (INR Billion), 2008–2012
Figure 67: Indian Individual Unit-Linked Insurance – Written Premium (INR Billion), 2012–2017
Figure 68: Indian Group Life Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 69: Indian Group Life Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 70: Indian Group Life Insurance – Written Premium (INR Billion), 2008–2012
Figure 71: Indian Group Life Insurance – Written Premium (INR Billion), 2012–2017
Figure 72: Indian Group Superannuation Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 73: Indian Group Superannuation Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 74: Indian Group Superannuation Insurance – Written Premium (INR Billion), 2008–2012
Figure 75: Indian Group Superannuation Insurance – Written Premium (INR Billion), 2012–2017
Figure 76: Indian Group Unit-Linked Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 77: Indian Group Unit-Linked Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 78: Indian Group Unit-Linked Insurance – Written Premium (INR Billion), 2008–2012
Figure 79: Indian Group Unit-Linked Insurance – Written Premium (INR Billion), 2012–2017
Figure 80: Indian Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 81: Indian Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 82: Indian Individual Single-Premium Insurance – Written Premium (INR Billion), 2008–2012
Figure 83: Indian Individual Single-Premium Insurance – Written Premium (INR Billion), 2012–2017
Figure 84: Indian Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 85: Indian Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 86: Indian Individual Non-Single-Premium Insurance – Written Premium (INR Billion), 2008–2012
Figure 87: Indian Individual Non-Single-Premium Insurance – Written Premium (INR Billion), 2012–2017
Figure 88: Indian Group Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 89: Indian Group Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 90: Indian Group Single-Premium Insurance – Written Premium (INR Billion), 2008–2012
Figure 91: Indian Group Single-Premium Insurance – Written Premium (INR Billion), 2012–2017
Figure 92: Indian Group Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 93: Indian Group Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 94: Indian Group Non-Single-Premium Insurance – Written Premium (INR Billion), 2008–2012
Figure 95: Indian Group Non-Single-Premium Insurance – Written Premium (INR Billion), 2012–2017
Figure 96: Indian Life Insurance – New Business Written Premium by Distribution Channel (% Share), 2012 and 2017
Figure 97: Indian Life Insurance – Direct Marketing Commission Paid (INR Billion), 2008–2012
Figure 98: Indian Life Insurance – Direct Marketing Commission Paid (INR Billion), 2012–2017
Figure 99: Indian Life Insurance – New Business Written Premium Through Direct Marketing (INR Billion), 2008–2012
Figure 100: Indian Life Insurance – New Business Written Premium Through Direct Marketing (INR Billion), 2012–2017
...

COMPANIES MENTIONED

Life Insurance Corporation of India
ICICI Prudential Life Insurance Co. Ltd
SBI Life Insurance Co. Ltd
HDFC Standard Life Insurance Co. Ltd
Bajaj Allianz Life Insurance Company Limited
Max New York Life Insurance Co. Ltd
Birla Sun Life Insurance Co. Ltd
Reliance Life Insurance Company Limited
Tata AIA Life Insurance Company Ltd
Kotak Mahindra Old Mutual Life Insurance Ltd

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