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Life Insurance in India

December 2020 | 39 pages | ID: L54D0A7D714EN
MarketLine

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Life Insurance in India

Summary

Life Insurance in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2019 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.
  • The Indian life insurance market is expected to generate total gross written premiums of $76.3bn in 2020, representing a compound annual growth rate (CAGR) of 6.5% between 2016 and 2020.
  • The life insurance segment is expected to be the market's most lucrative in 2020, with total gross written premiums of $61.5bn, equivalent to 80.5% of the market's overall value.
  • One of the main drivers of life insurance spending is consumer confidence. If consumers are confident in their economic ability and the long-term economic prospects of their country, then they are very unlikely to buy life insurance.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in India
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in India
  • Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the India life insurance market with five year forecasts
Reasons to Buy
  • What was the size of the India life insurance market by value in 2020?
  • What will be the size of the India life insurance market in 2025?
  • What factors are affecting the strength of competition in the India life insurance market?
  • How has the market performed over the last five years?
  • What are the main segments that make up India's life insurance market?
1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape

2 MARKET OVERVIEW

2.1. Market definition
2.2. Market analysis

3 MARKET DATA

3.1. Market value

4 MARKET SEGMENTATION

4.1. Category segmentation
4.2. Geography segmentation

5 MARKET OUTLOOK

5.1. Market value forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 COMPETITIVE LANDSCAPE

7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What is the rationale for the recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?

8 COMPANY PROFILES

8.1. HDFC Life Insurance Company Limited
8.2. ICICI Lombard General Insurance Co Ltd
8.3. Max Life insurance Co Ltd
8.4. SBI Life Insurance Co Ltd

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine

LIST OF TABLES

Table 1: India life insurance market value: $ billion, 2016-20(e)
Table 2: India life insurance market category segmentation: $ billion, 2020(e)
Table 3: India life insurance market geography segmentation: $ billion, 2020(e)
Table 4: India life insurance market value forecast: $ billion, 2020-25
Table 5: India life insurance market share: % share, by value, 2020(e)
Table 6: HDFC Life Insurance Company Limited: key facts
Table 7: HDFC Life Insurance Company Limited: Key Employees
Table 8: ICICI Lombard General Insurance Co Ltd: key facts
Table 9: ICICI Lombard General Insurance Co Ltd: Key Employees
Table 10: Max Life insurance Co Ltd: key facts
Table 11: Max Life insurance Co Ltd: Key Employees
Table 12: SBI Life Insurance Co Ltd: key facts
Table 13: SBI Life Insurance Co Ltd: Key Employees
Table 14: India size of population (million), 2016-20
Table 15: India gdp (constant 2005 prices, $ billion), 2016-20
Table 16: India gdp (current prices, $ billion), 2016-20
Table 17: India inflation, 2016-20
Table 18: India consumer price index (absolute), 2016-20
Table 19: India exchange rate, 2015-19

LIST OF FIGURES

Figure 1: India life insurance market value: $ billion, 2016-20(e)
Figure 2: India life insurance market category segmentation: % share, by value, 2020(e)
Figure 3: India life insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: India life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the life insurance market in India, 2020
Figure 6: Drivers of buyer power in the life insurance market in India, 2020
Figure 7: Drivers of supplier power in the life insurance market in India, 2020
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in India, 2020
Figure 9: Factors influencing the threat of substitutes in the life insurance market in India, 2020
Figure 10: Drivers of degree of rivalry in the life insurance market in India, 2020
Figure 11: India life insurance market share: % share, by value, 2020(e)

COMPANIES MENTIONED

HDFC Life Insurance Company Limited
ICICI Lombard General Insurance Co Ltd
Max Life insurance Co Ltd
SBI Life Insurance Co Ltd


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