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HANDBOOK ONINDIAN INSURANCE STATISTICS

2015-16

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA^maVr` ~r_m {d{Z`m_H$ Am¡a {dH$mg àm{YH$aU

MISSION STATEMENT

✓ To protect the interest of and secure fair treatment to policyholders;

✓ To bring about speedy and orderly growth of the insurance industry (includingannuity and superannuation payments), for the benefit of the common manand to provide long term funds for accelerating growth of the economy;

✓ To set, promote, monitor and enforce high standards of integrity, financialsoundness, fair dealing and competence of those it regulates;

✓ To ensure speedy settlement of genuine claims, to prevent insurance fraudsand other malpractices and put in place effective grievance redressalmachinery;

✓ To promote fairness, transparency and orderly conduct in financial marketsdealing with insurance and build a reliable management information systemto enforce high standards of financial soundness amongst market players;

✓ To take action where such standards are inadequate or ineffectively enforced;

✓ To bring about optimum amount of self-regulation in day-to-day working ofthe industry consistent with the requirements of prudential regulation.

Note

For statistics prior to the F.Y. 2013-14, please visitwww.irdai.gov.in

HANDBOOK ON INDIAN INSURANCE STATISTICS 2015-16

i

CONTENTSParticulars Page

No.

SUMMARY

A Summary of Indian Life Insurance Sector 3

B Summary of Indian Non-Life Insurance Sector 5

C International Comparison of Insurance Penetration 6

D International Comparison of Insurance Density 7

TABLES

SI. PART - INo. LIFE INSURANCE

1 Life Insurance Companies Operating in India 11

2 First Year Life Insurance Premium 12

3 Total Life Insurance Premium 13

4 Individual New Business Performance of Life Insurers - Channel Wise 14

5 Group New Business Performance of Life Insurers - Channel Wise 15

6 State-Wise Individual New Business (Life) Underwritten 16

7 State-Wise Group New Business (Life) Underwritten 17

8 Number of Individual New Policies Issued (Life) 18

9 Individual Business (Within India) - Business in Force (Number of Policies) 19

10 Individual Business (Within India) - Business in Force (Sum Assured) 28

11 Linked and Non-Linked Premium of Life Insurers 37

12 Linked and Non-Linked Commission of Life Insurers 40

13 Individual Death Claims of Life Insurers 43

14 Group Death Claims of Life Insurers 44

15 Duration-Wise Settlement of Death Claims - Individual Category 45

16 Duration-Wise Settlement of Death Claims - Group Category 54

17 Assets Under Management of Life Insurers (As on 31st March) 63

18 Equity Share Capital of Life Insurers (As on 31st March) 64

19 Solvency Ratio of Life Insurers 65

20 Life Insurers - Policyholders Account 66

21 Life Insurers - Shareholders Account 75

22 Life Insurers - Balance Sheet (As on 31st March) 84


23 Life Insurance Corporation of India - Policyholders Account Capital Redemption 93and Annuity Certain Business (Non-Participating)

24 Life Insurance Corporation of India - Shareholders Account Capital Redemption 94and Annuity Certain Business (Non-Participating)

25 Life Insurance Corporation of India - Balance Sheet Capital Redemption and 95Annuity Certain Business (Non-Participating) (As on 31st March)

26 Individual Business (within India) - Details of Forfeiture/ 96Lapsed Policies in Respect of Non-Linked Business

27 Persistency of Life Insurance Policies (Based on Number of Policies) 97

28 Number of Individual Agents of Life Insurers (As on 31st March) 98

29 Number of Corporate Agents of Life Insurers (As on 31st March) 99

30 Average Number of Policies Sold by Individual and Corporate Agents 100

31 Average New Business Premium Income for Individual and Corporate Agents 101

32 Average Premium Income Per Policy for Individual and Corporate Agents 102

33 State-Wise Distribution of Offices of Life Insurers 103

34 Region-Wise Distribution of Offices of Life Insurers (As on 31st March) 112

35 State-Wise Distribution of Individual Agents of Life Insurers 113

36 New Business Under Micro Insurance Portfolio (Life Insurers) 122

37 Death Claims Under Micro Insurance Portfolio - Individual Category 124

38 Death Claims Under Micro Insurance Portfolio - Group Category 129

39 Duration-Wise Settlement of Claims- Micro Insurance - Individual Category 133

40 Duration-Wise Settlement of Claims- Micro Insurance - Group Category 137

41 Insurer-Wise Number of Micro-Insurance Agents (Life) 141

42 Status of Grievances - Life Insurers 142

43 Performance of Ombudsmen at Different Centers (Life Insurance) 143

PART – II

NON-LIFE INSURANCE

44 Non-Life Insurance Companies Operating in India 147

45 Gross Direct Premium Income of Non-Life Insurers (Within & Outside India) 148

46 Segment-Wise Gross Direct Premium Income of Non-Life Insurers (Within India) 149

47 Segment-Wise Net Premium Income in India (Earned) - Non-Life 151

48 Channel-Wise Gross Direct Premium Income - Non-Life 153

ii

SI. Particulars PageNo. No.


49 State-Wise Gross Direct Premium Income - Non-Life 156

50 Number of Polices issued (Non-Life) 161

51 Net Retentions of Non-Life Insurers 161

52 Incurred Claims Ratio - Public & Private Sector Non-Life Insurers 162

53 Underwriting Experience and Profits of Public Sector Insurers (Non-Life) 168

54 Underwriting Experience and Profits of Private Sector Insurers (Non-Life) 170

55 Underwriting experience of GIC 176

56 Assets Under Management of Non-Life Insurers (As on 31st March) 177

57 Equity Share Capital of Non-Life Insurers (As on 31st March) 178

58 Solvency Ratio of Non-Life Insurers 179

59 Public Sector Non-Life Insurers - Policyholders Account 180

60 Public Sector Non Life Insurers - Shareholders Account 185

61 Public Sector Non-Life Insurers - Balance Sheet (As on 31st March) 187

62 Private Sector Non-Life Insurers - Policyholders Account 189

63 Private Sector Non-Life Insurers - Shareholders Account 207

64 Private Sector Non-Life Insurers - Balance Sheet (As on 31st March) 213

65 Export Credit Guarantee Corporation Ltd. (ECGC) - Policyholders Account 219

66 Export Credit Guarantee Corporation Ltd. (ECGC) - Shareholders Account 220

67 Export Credit Guarantee Corporation Ltd. (ECGC) – Balance Sheet (As on 31st March) 221

68 Agriculture Insurance Company of India Ltd. (AIC) - Policyholders Account 222

69 Agriculture Insurance Company of India Ltd. (AIC) - Shareholders Account 223

70 Agriculture Insurance Company of India Ltd. (AIC) – Balance Sheet (As on 31st March) 224

71 General Insurance Corporation (GIC) - Policyholders Account 225

72 General Insurance Corporation (GIC) - Shareholders Account 228

73 General Insurance Corporation (GIC) – Balance Sheet (As on 31st March) 229

74 Health Insurance (Excluding Travel-domestic/overseas & Personal accident): 230Gross Premium and Number of Persons Covered

75 Health Insurance (Excluding Travel-domestic/overseas & Personal accident): 233Incurred Claims Ratio

76 Personal Accident Insurance: Gross Premium and Number of Persons Covered 236

77 Personal Accident Insurance: Incurred Claims Ratio 239

78 Overseas Travel Insurance: Gross Premium and Number of Persons Covered 242

79 Overseas Travel Insurance: Incurred Claims Ratio 245

80 Domestic Travel Insurance: Gross Premium and Number of Persons Covered 248

iii




81 Domestic Travel Insurance: Incurred Claims Ratio 251

82 State-Wise Health Insurance Business (Excluding Travel & Personal Accident Business) 254

83 State-Wise Personal Accident Insurance Business 262

84 Channel-Wise Performance of Health Insurance Business Excluding Travel 270(Domestic/Overseas) and Personal Accident Insurance Business

85 Details of Claims Development & Ageing - Health Insurance Business Excluding Travel 272(Domestic/Overseas) and Personal Accident Insurance Business

86 Health Insurers - Policyholders Account 276

87 Health Insurers - Shareholders Account 278

88 Health Insurers - Balance Sheet (As on 31st March) 280

89 State-Wise Number of Offices of Non-Life Insurers (As on 31st March) 282

90 State-Wise Number of Registered Brokers 288

91 State-wise Number of Insurance Marketing Firms (IMF) (As on 31st March) 288

92 Status of Grievances - Non-Life Insurers 289

93 Performance of Ombudsmen at different centers - (Non-Life Insurance) 290

PART - III

LIFE AND NON-LIFE INSURANCE COMBINED

94 Performance of Ombudsmen at different centers - 293

(Life and Non-Life Combined)

iv


SUMMARY


3

A. SUMMARY OF INDIAN LIFE INSURANCE SECTOR

PARTICULARS Remarks Unit 2013-14 2014-15 2015-16

PROFILE

No of companies As on 31st March Nos. 24 24 24

No of branch offices As on 31st March Nos. 11032 11033 11071

Insurance penetration In per cent 3.1 2.6 2.72

Insurance density US $ 41 44 43.2

BUSINESS FIGURES

Number of new policies issued FY In Lakhs 409 259 267

First year premium (Including single premium) FY (` Crore) 120325 113330 138862

Total Premium FY (` Crore) 314301 328102 366943

Market share of LIC (based on Total Premium) FY In per cent 75.39 73.05 72.61

Individual Business in Force (Number of policies) FY In Thousands 334802 326297 327065

Individual Business in Force (Sum Assured) FY (` Crore) 6646516 7553045 8494501

INTERMEDIARIES

No of individual agents As on 31st March Nos. 2188500 2067907 2016565

No of corporate agents As on 31st March Nos. 689 503 416

Commission paid FY (` Lakh) 2084637 1946068 2026669

Operating Expenses related to Insurance Business FY (` Lakh) 3746541 3685916 3878309

POLICYHOLDERS' SERVICES

No of claims submitted (Individual) FY No. of Pol. 885361 877828 876680

No of claims submitted (Group) FY No of Lives 425978 466783 545337

Amount Claimed (Individual) FY (` Crore) 11958 12968 13838

Amount Claimed (Group) FY (` Crore) 3230 3651 4947

Total Benefit Paid (Net) FY (` Crore) 216312 210915 201766

Channel-wise New Business

Amount of Premium (Individual plus Group)

Individual agents FY (` Crore) 48831 41246.70 41175.78

Corporate agents-Banks FY (` Crore) 11327 12830.52 15253.83

Corporate agents-Others FY (` Crore) 1252 1421.01 1582.02

Brokers FY (` Crore) 1267 1451.03 1441.65

Direct selling FY (` Crore) 57478 56218.38 78970.87

MI Agents FY (` Crore) 17.19 21.26

Common Service Centres(CSCs) FY (` Crore) 0.32 1

Total FY (` Crore) 120156 113185.15 138446.41

Referrals FY (` Crore) 20 7.98 14.61


4

Channel- Wise New Business

No. of Lives Covered (Individual plus Group)

Individual agents FY In Lakhs 484 285.89 248.01

Corporate agents-Banks FY In Lakhs 56 68.99 85.16

Corporate agents-Others FY In Lakhs 53 344.16 288.74

Brokers FY In Lakhs 41 57.94 87.62

Direct selling FY In Lakhs 714 725.22 1270.20

Common Service Centres(CSCs) FY In Lakhs 0.02 0.08

MI Agents FY In Lakhs 5.08 5.49

Web Aggregators FY in Lakhs 0.00

IMF FY in Lakhs 0.00

Online FY in Lakhs 2.05

Others if any FY in Lakhs 0.01

Total FY In Lakhs 1348 1487.31 1987.36

Referrals FY In Lakhs 0.13 0.09 0.11

Region Wise distribution of Offices

Metro As on 31st March Nos. 1048 1083 1667

Urban As on 31st March Nos. 2543 2489 3525

Semi-urban As on 31st March Nos. 5381

Rural As on 31st March Nos. 498

Unclassified As on 31st March Nos. 7441 7461

Total As on 31st March Nos. 11032 11033 11071

Assets Under Management

Life Fund As on 31st March (` Crore) 1288225 1495309 1697453

Pension, General Annuity & Group fund As on 31st March (` Crore) 337579 389472 464203

Unit ULIP Fund As on 31st March (` Crore) 331661 362740 340412

Total Fund As on 31st March (` Crore) 1957466 2247522 2502068

Profit /Loss after tax As on 31st March (` Lakh) 758783 761131 741497

Equity Capital As on 31st March (` Crore) 25939 26240 26691

REDRESSEL OF CONSUMER GRIEVANCES

No. of grievances reported during the year FY Nos. 374620 278992 204701

No. of complaints reported with the

Ombudsmen at difference centres FY Nos. 17512 14339 17257

A. SUMMARY OF INDIAN LIFE INSURANCE SECTOR (Conld.)



5

B. SUMMARY OF INDIAN NON-LIFE INSURANCE SECTOR


PROFILE

No of companies (incl. reinsurer) As on 31st March Nos. 29 29 30

No. of branch offices As on 31st March Nos. 9872 10407 10803

Insurance penetration In percent 0.80 0.7 0.72

Insurance density US $ 11 11 11.5

BUSINESS FIGURES

Number of new policies issued excluding Standalone

and Specialised Insurers FY In Lakhs 1025 1183 1221

Gross Direct Premium (Within & Outside India) FY (` Crore) 79934 87151 99333

Market share of PSUs - Gen.Ins.Cos.(GDP within India) In Per cent 49.77 50.24 49.49

Segment-wise Gross Direct Premium (Within India )

Fire FY (` crore) 7363 8057 8731

Marine FY (` crore) 3162 3020 2984

Motor FY (` crore) 33823 37379 42301

Health FY (` crore) 19634 22637 27457

Others FY (` crore) 13572 13593 14905

Total FY (` crore) 77554 84686 96379

Net Retentions of Non-Life Insurers(including GIC)

Fire FY In Per Cent 69.24 64.54 63.01

Marine Cargo FY In Per Cent 85.99 81.59 81.01

Marine Hull FY In Per Cent 31.94 35.47 44.51

Motor FY In Per Cent 100.00 99.67 99.2

Engineering FY In Per Cent 71.07 71.8 67.23

Aviation FY In Per Cent 1.00 38.91 27.15

Other miscellaneous FY In Per Cent 89.43 88.14 84.28

Total- All Segments FY In Per Cent 90.32 89.57 87.72

Incurred Claims Ratio

Fire FY In Per Cent 76.54 73.78 74.47

Marine FY In Per Cent 63.37 67.44 72.05

Motor FY In Per Cent 79.50 77.14 81.18

Health FY In Per Cent 97.05 96.93 98.43

Others FY In Per Cent 72.96 73.91 75.94

Total- All Segments FY In Per Cent 81.98 81.7 85.05

Underwriting Profit/Loss FY (` crore) (7640) (10576) (14962)

Assets Under Management (including GIC) As on 31st March (` Crore) 149536 172144 188126

Equity Share Capital including GIC As on 31st March (` Crore) 10240 11504 12603

Commission expenses FY (` Lakh) 539627 521200 581078

Operating expenses related to Insurance business FY (` crore) 16251 20206 23230

Operating profit/(Loss) FY (` Lakh) 242607 184785 (90402)

Income from investments FY (` Crore) 14319 16607 19090

Profit after tax (Industry Total) FY (` Lakh) 464906 463913 323848

REDRESSEL OF CONSUMER GRIEVANCES

No of grievances reported during the year 63736 60688 59083

No. of complaints reported with the

Ombudsmen at difference centres 9627 7145 8920

*Note: figures in brackets indicate negative values


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11

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0720

07-0

8

Indi

aFirs

t Life

Insu

ranc

e C

ompa

ny L

td.

Lega

l & G

ener

al M

iddl

e E

ast L

td.

143

05.1

1.20

0920

09-1

0

Kot

ak M

ahin

dra

OM

Life

Insu

ranc

e C

ompa

ny L

td.

Old

Mut

ual P

lc, U

K10

710

.01.

2001

2001

-02

Max

Life

Ins

uran

ce C

ompa

ny L

td.

Mits

ui S

umito

mo

Insu

ranc

e C

ompa

ny L

td. J

apan

104

15.1

1.20

0020

00-0

1

PN

B M

etlif

e In

dia

Insu

ranc

e C

ompa

ny L

td.

Met

life

Inte

rnat

iona

l Hol

ding

s In

c, U

SA

117

06.0

8.20

0120

01-0

2

Rel

ianc

e N

ippo

n L

ife In

sura

nce

Com

pany

Ltd

.N

ippo

n Li

fe In

sura

nce

Com

pany

Ltd

. Jap

an12

103

.01.

2002

2001

-02

Sah

ara

Indi

a Li

fe In

sura

nce

Com

pany

Ltd

.--

-12

706

.02.

2004

2004

-05

SB

I Life

Insu

ranc

e C

ompa

ny L

td.

BN

P P

arib

as C

ardi

f, Fr

ance

111

29.0

3.20

0120

01-0

2

Shr

iram

Life

Insu

ranc

e C

ompa

ny L

td.

---

128

17.1

1.20

0520

05-0

6

Sta

r U

nion

Dai

-ichi

Life

Insu

ranc

e C

ompa

ny L

td.

Dai

-ichi

Life

Insu

ranc

e C

ompa

ny L

td. J

apan

142

26.1

2.20

0820

08-0

9

TATA

AIA

Life

Insu

ranc

e C

ompa

ny L

td.

Am

eric

an In

tern

atio

nal A

ssur

ance

Com

pany

(B

erm

uda)

Ltd

.11

012

.02.

2001

2001

-02

PU

BL

IC S

EC

TOR

Life

Insu

ranc

e C

orpo

ratio

n of

Indi

a--

-51

201

.09.

1956

1956

-57

* as

on

31st

Mar

ch, 2

016


12

TABLE 2: FIRST YEAR LIFE INSURANCE PREMIUM(` Crore)

INSURER 2013-14 2014-15 2015-16

Aegon 147.22 207.50 136.33

Aviva 593.76 556.89 320.80

Bajaj Allianz 2592.03 2702.10 2884.52

Bharti AXA 375.61 474.20 539.49

Birla Sunlife 1697.49 1937.94 2220.31

Canara HSBC 608.07 476.98 859.18

DHFL Pramerica 172.95 579.59 727.02

Edelweiss Tokio 80.72 122.42 183.59

Exide Life 567.81 644.75 632.85

Future Generali 224.90 252.41 255.59

HDFC Standard 4038.93 5492.10 6487.22

ICICI Prudential 3759.59 5332.13 6765.75

IDBI Federal 315.69 484.50 588.40

IndiaFirst 1681.36 1538.67 1478.10

Kotak Mahindra 1271.81 1540.18 2209.66

Max Life 2261.60 2572.60 2881.71

PNB Metlife 675.89 829.06 1003.17

Reliance 1933.99 2069.69 1558.33

Sahara 65.09 38.44 43.43

SBI Life 5065.48 5529.16 7106.58

Shriram Life 389.83 498.52 693.79

Star Union Dai-ichi 562.85 629.93 654.19

Tata AIA 433.76 312.05 740.79

Private Total 29516.43 34821.81 40970.80(-4.01) (17.97) (17.66)

LIC 90808.79 78507.72 97891.51

(18.53) (-13.55) (24.69)

Industry Total 120325.22 113329.52 138862.31(12.08) (-5.82) (22.53)

Note: 1) Figures in the brackets represent the growth over the previous year in per cent.2) Previous years figures revised by insurers3) First year Life Insurance Premium includes single premium


13

TABLE 3: TOTAL LIFE INSURANCE PREMIUM(` Crore)

INSURER 2013-14 2014-15 2015-16

Aegon 453.00 559.20 501.60

Aviva 1878.10 1796.25 1493.15

Bajaj Allianz 5843.14 6017.30 5897.31

Bharti AXA 872.65 1053.32 1208.33

Birla Sunlife 4833.05 5233.22 5579.71

Canara HSBC 1823.42 1657.02 2059.96

DHFL Pramerica 305.86 735.10 920.21

Edelweiss Tokio 110.90 193.08 310.07

Exide Life 1830.67 2027.48 2046.99

Future Generali 634.16 604.25 592.50

HDFC Standard 12062.90 14829.90 16312.98

ICICI Prudential 12428.65 15306.62 19164.39

IDBI Federal 826.25 1069.62 1239.67

IndiaFirst 2143.36 2034.11 1967.40

Kotak Mahindra 2700.79 3038.05 3971.68

Max Life 7278.54 8171.62 9216.16

PNB Metlife 2240.59 2461.19 2827.83

Reliance 4283.40 4621.08 4398.12

Sahara 204.63 166.86 157.05

SBI Life 10738.60 12867.11 15825.36

Shriram Life 594.24 734.66 1022.11

Star Union Dai-ichi 948.75 1134.68 1307.47

Tata AIA 2323.70 2122.66 2478.96

Private Total 77359.36 88434.36 100499.03(-1.33) (14.32) (13.64)

LIC 236942.30 239667.65 266444.21(13.48) (1.15) (11.17)

Industry Total 314301.66 328102.01 366943.23(9.44) (4.39) (11.84)

Note: 1) Figures in the brackets represent the growth over the previous year in per cent.2) Previous years figures revised by insurers


14

TA

BL

E 4

: IN

DIV

IDU

AL

NE

W B

US

INE

SS

PE

RF

OR

MA

NC

E O

F L

IFE

INS

UR

ER

S -

CH

AN

NE

L W

ISE

(Pre

miu

m in

` C

rore

)

PA

RT

ICU

LA

RS

NU

MB

ER

OF

PO

LIC

IES

ISS

UE

DA

MO

UN

T O

F P

RE

MIU

M20

13-1

420

14-1

520

15-1

620

13-1

420

14-1

520

15-1

6

Ind

ivid

ual

Ag

ents

3679

2083

2165

4232

2209

9564

4778

9.83

3956

8.04

3981

6.46

(90.

10)

(83.

71)

(82.

76)

(78.

40)

(71.

42)

(68.

27)

Co

rpo

rate

Ag

ents

-Ban

ks23

2783

624

1400

027

1379

195

23.0

011

547.

4513

891.

93(5

.70)

(9.3

3)(1

0.16

)(1

5.62

)(2

0.84

)(2

3.82

)

Co

rpo

rate

Ag

ents

- O

ther

s*70

1276

3932

0031

8418

811.

9379

5.50

809.

56(1

.71)

(1.5

2)(1

.19)

(1.3

3)(1

.44)

(1.3

9)

Bro

kers

3157

6925

6740

2464

2194

8.53

1019

.93

934.

18(0

.77)

.(0

.99)

(0.9

2)(1

.55)

(1.8

4)(1

.60)

Dir

ect

Sel

ling

6981

0066

6858

5622

3418

83.5

724

50.7

025

43.9

7(1

.71)

(2.5

8)(2

.11)

(3.0

9(4

.42)

(4.3

6)

MI A

gen

ts-

4822

9754

8431

-17

.01

21.2

5(1

.86)

(2.0

5)(0

.03)

(0.0

4)

Co

mm

on

Ser

vice

Cen

tres

(C

SC

s)-

2029

7581

-0.

321

(0.0

1)(0

.03)

(0.0

1)(0

.002

)

Web

-Ag

gre

gat

ors

190.

03(0

.00)

(0.0

0)

IMF

10.

03(0

.00)

(0.0

0)

On

line

2052

1430

2.83

(0.7

7)(0

.52)

Oth

ers

if a

ny77

8-1

.13

(0.0

0)(0

.00)

TOTA

L40

8350

6425

8693

5626

7024

5260

956.

8655

398.

9558

320.

11(1

00.0

0)(1

00.0

0)(1

00.0

0)(1

00.0

0)(1

00.0

0)(1

00.0

0)

Ref

erra

ls12

725

8669

1082

619

.64

7.98

14.6

1(0

.03)

(0.0

3)(0

.04)

(0.0

3)(0

.01)

(0.0

3)

* A

ny e

ntity

oth

er t

han

bank

s bu

t lic

ense

d as

a c

orpo

rate

age

nt. #

Doe

s no

t in

clud

e its

ove

rsea

s ne

w b

usin

ess

prem

ium

No

te:

1) N

ew b

usin

ess

prem

ium

incl

udes

firs

t ye

ar p

rem

ium

and

sin

gle

prem

ium

.2)

Fig

ures

in b

rack

et s

how

per

cent

age

to t

otal

indi

vidu

al n

ew b

usin

ess

proc

ured

thr

ough

res

pect

ive

chan

nels

.3)

The

lead

s ob

tain

ed t

hrou

gh r

efer

ral a

rran

gem

ents

hav

e be

en in

clud

ed in

the

res

pect

ive

chan

nels

.


15

TAB

LE

5:

GR

OU

P N

EW

BU

SIN

ES

S P

ER

FO

RM

AN

CE

OF

LIF

E IN

SU

RE

RS

- C

HA

NN

EL

WIS

E(P

rem

ium

in `

Cro

re)

PA

RT

ICU

LA

RS

NU

MB

ER

OF

SC

HE

ME

SN

UM

BE

R O

F L

IVE

S C

OV

ER

ED

AM

OU

NT

OF

PR

EM

IUM

2013

-14

2014

-15

2015

-16

2013

-14

2014

-15

2015

-16

2013

-14

2014

-15

2015

-16

Indi

vidu

al A

gent

s65

9065

6247

6211

6446

4969

3479

127

0163

710

41.6

216

78.6

613

59.3

2

(17.

80)

(16.

80)

(13.

27)

(12.

39)

(5.6

4)(1

.57)

(1.7

6)(2

.90)

(1.6

9)

Cor

pora

te A

gent

s-B

anks

483

399

300

3282

246

4485

704

5801

924

1804

.20

1283

.07

1361

.9

(1.3

0)(1

.02)

(0.8

4)(3

.49)

(3.6

5)(3

.37)

(3.0

5)(2

.22)

(1.6

9)

Cor

pora

te A

gent

s- O

ther

s*78

5610

946

2155

434

0229

3728

5552

0244

0.44

625.

5177

2.46

(2.1

1)(0

.14)

(0.3

0)(4

.92)

(27.

69)

(16.

60)

(0.7

4)(1

.08)

(0.9

6)

Bro

kers

1739

1943

1976

3793

588

5537

280

8516

066

318.

8943

1.10

507.

47

(4.7

0)(4

.97)

(5.5

1)(4

.04)

(4.5

1)(4

.95)

(0.5

4)(0

.75)

(0.6

3)

Dire

ct S

ellin

g28

143

3007

528

727

7066

9931

7185

5360

1264

5805

655

594.

0253

767.

6876

426.

9

(75.

99)

(76.

98)

(80.

08)

(75.

17)

(58.

48)

(73.

51)

(93.

91)

(93.

05)

(95.

03)

MI A

gent

s-

34.0

01.

00-

2530

183

9.00

-0.

180.

01

(0.0

9)(0

.00)

(0.0

2)(0

.00)

(0.0

0)(0

.00)

Com

mon

Ser

vice

Cen

tres

(C

SCs)

--

--

--

TOTA

L37

033

3906

935

875

9401

1968

1228

6137

317

2033

724

5919

9.17

5778

680

428.

06

(100

.00)

(100

.00)

(100

.00)

(100

.00)

(100

.00)

(100

.00)

(100

.00)

(100

.00)

(100

.00)

Ref

erra

ls-

-0

--

0-

-0

--

(0.0

0)-

-(0

.00)

--

(0.0

0)

*Any

ent

ity o

ther

tha

n ba

nks

but

licen

sed

as a

cor

pora

te a

gent

.N

ote:

1) T

he le

ads

obta

ined

thr

ough

ref

erra

l arr

ange

men

ts h

ave

been

incl

uded

in t

he r

espe

ctiv

e ch

anne

ls.

2) N

ew b

usin

ess

prem

ium

incl

udes

firs

t ye

ar p

rem

ium

and

sin

gle

prem

ium

.3)

Fig

ures

in b

rack

et s

how

per

cent

age

to t

otal

gro

up n

ew b

usin

ess

proc

ured

thr

ough

res

pect

ive

chan

nels

.


16

TAB

LE

6:

STA

TE

WIS

E I

ND

IVID

UA

L N

EW

BU

SIN

ES

S (

LIF

E)

UN

DE

RW

RIT

TE

N*

(Pol

icie

s in

Num

bers

) (

Pre

miu

m in

` C

rore

)

Sta

te /

Un

ion

Ter

rito

ry20

13-1

420

14-1

520

15-1

6

Po

licie

sP

rem

ium

Po

licie

sP

rem

ium

Po

licie

sP

rem

ium

And

hra

Pra

desh

3290

036

4438

.46

1214

281

2234

.31

1364

895

2177

.87

Aru

nach

al P

rade

sh13

370

33.9

110

330

31.9

010

504

36.2

9A

ssam

9690

5912

46.2

269

2280

1410

.51

7350

9014

70.1

7B

ihar

2420

746

2189

.37

1366

993

2032

.54

1320

801

2227

.50

Cha

ttisg

arh

7926

9354

1.95

3913

4152

8.52

3945

8157

4.65

Goa

1364

2429

6.87

9481

826

3.28

9518

328

3.42

Guj

arat

2438

534

4335

.71

1454

884

3549

.13

1461

825

3992

.22

Har

yana

7037

0112

69.8

153

8332

1234

.04

5383

0112

68.9

1H

imac

hal

Pra

desh

4321

3552

8.16

2188

1441

9.77

2471

9440

9.55

Jam

mu

& K

ashm

ir22

9418

389.

6215

6206

354.

1117

8819

380.

68Jh

arkh

and

8372

1410

57.8

852

1057

979.

0353

1810

1106

.16

Kar

nata

ka27

5560

336

54.9

415

7564

933

79.1

016

6973

434

21.6

3K

eral

a14

8724

223

65.6

794

6638

2220

.43

9520

5123

17.6

2M

adhy

a P

rade

sh15

8553

522

98.3

998

7506

1985

.09

1087

495

1971

.39

Mah

aras

htra

5266

383

1163

7.52

3411

072

1029

1.27

3567

257

1063

8.16

Man

ipur

5388

967

.13

2792

374

.96

2797

970

.75

Meg

hala

ya18

296

267.

6919

407

60.2

219

883

58.5

6M

izor

am62

4621

.68

4989

20.3

455

6917

.08

Nag

alan

d17

605

49.6

215

164

43.4

914

865

45.8

7O

dish

a15

6522

616

13.2

510

2479

216

34.0

010

9304

518

82.4

3P

unja

b91

6284

1339

.82

6047

8413

10.1

462

6573

1309

.57

Raj

asth

an21

3072

622

84.0

414

0654

620

59.0

814

8770

720

86.0

9S

ikki

m16

789

33.6

612

173

32.6

613

305

38.0

2Ta

mil

Nad

u25

7455

541

50.2

216

5193

638

13.0

916

4341

239

28.3

3Te

lang

ana

--

9028

3219

03.1

895

4101

2114

.36

Trip

ura

1483

7815

0.72

9548

911

7.25

1011

4612

8.49

Utta

r P

rade

sh46

5673

852

91.9

130

2659

348

38.7

829

3645

249

06.8

7U

ttrak

hand

5395

7364

1.85

2943

1260

4.30

2834

7660

3.79

Wes

t B

enga

l32

9092

348

97.9

322

8868

043

72.9

024

2205

350

45.1

0A

ndam

an &

Nic

obar

6651

12.5

955

2810

.17

5676

14.0

2C

hand

igar

h18

0648

501.

3676

739

406.

6177

271

403.

86D

adra

& N

agra

Hav

eli

2541

3.18

1655

2.97

1779

4.36

Dam

an &

Diu

9977

11.3

649

938.

8145

029.

34D

elhi

1289

932

3228

.52

7872

0930

95.0

679

4135

3288

.18

Laks

hadw

eep

108

0.14

105

0.17

106

0.17

Pud

uche

rry

5188

610

5.70

3730

577

.72

3387

788

.43

AL

L IN

DIA

4083

5064

6095

6.85

2586

9356

5539

926

7024

5258

319.

88

* N

ew B

usin

ess

Pre

miu

m in

clud

es f

irst

year

pre

miu

m a

nd s

ingl

e pr

emiu

m.


17

TAB

LE

7:

STA

TE

WIS

E G

RO

UP

NE

W B

US

INE

SS

(L

IFE

) U

ND

ER

WR

ITT

EN

*(P

rem

ium

in `

Cro

re)

Stat

e / U

nion

Ter

ritor

y20

13-1

420

14-1

520

15-1

6N

o. o

fP

rem

ium

No.

of L

ives

No.

of

Pre

miu

mN

o. o

f Liv

esN

o. o

fP

rem

ium

No.

of L

ives

sche

mes

Cov

ered

sche

mes

Cov

ered

sche

mes

Cov

ered

And

hra

Pra

desh

2874

2344

2023

0462

1444

640

5340

025

1239

983

7868

993

Aru

nach

al P

rade

sh10

275

668

117

168

51

4588

Ass

am13

9630

568

4088

1527

320

9554

0718

9684

615

2684

2B

ihar

922

232

5573

6212

3324

789

2916

1449

352

1949

402

Cha

ttisg

arh

543

457

2333

560

611

703

3393

872

686

699

2707

076

Goa

215

115

5079

125

233

784

513

131

105

1414

70G

ujar

at19

8916

0017

2934

618

9915

7219

0749

310

8814

8431

2102

2H

arya

na57

743

112

1371

859

738

514

8242

551

448

923

7497

8H

imac

hal P

rade

sh44

410

177

826

530

5868

324

441

8723

4648

Jam

mu

& K

ashm

ir12

326

444

684

132

145

8523

512

128

026

0365

Jhar

khan

d63

413

8932

3778

631

631

3783

7761

670

656

3080

Kar

nata

ka39

9172

4012

5577

7040

0682

0417

5156

0841

4611

335

2557

2415

Kera

la13

5211

0940

5715

913

8411

1535

6512

213

4221

1749

1315

6M

adhy

a P

rade

sh22

6551

453

0633

717

6936

147

8341

415

8241

956

0252

4M

ahar

asht

ra48

0916

840

1230

7101

5004

1918

015

4364

7841

0824

348

2949

6955

Man

ipur

263

1125

266

723

695

72

2166

9M

egha

laya

2415

730

961

3477

2297

650

2627

548

Miz

oram

344

6282

236

5274

184

1194

1N

agal

and

52

4458

61

2421

70

1198

2O

rissa

1186

455

8792

4213

1838

419

4480

112

5036

425

0940

7P

unja

b54

315

225

1938

406

189

3387

6737

418

877

1318

Raj

asth

an11

9967

930

5421

712

9366

631

1675

813

0196

246

5480

0S

ikki

m3

165

24

087

816

154

71Ta

mil

Nad

u37

8547

1684

1643

551

8545

6910

1979

1137

8557

3413

9393

28Te

lang

ana

--

-14

2423

1218

8433

2813

9628

8518

9659

95Tr

ipur

a72

1929

488

7823

3970

482

4329

083

Utta

r P

rade

sh23

4294

942

2195

023

2899

453

4148

322

7112

9796

7703

4U

ttrak

hand

748

3284

2451

9061

655

725

8242

1043

4352

4368

79W

est B

enga

l27

1760

5511

4964

3428

6152

0614

9740

5527

6566

5718

8006

97A

ndam

an &

Nic

obar

10

742

90

2883

40

976

Cha

ndig

arh

402

359

3597

8833

726

914

6157

535

826

463

9711

Dad

ra &

Nag

raha

veli

30

3269

10

1804

10

281

Dam

an &

Diu

40

4787

00

241

52

5376

Del

hi15

7394

0734

6889

616

7685

5040

8940

715

0513

298

7088

135

Laks

hadw

eep

00

1650

219

2279

00

6P

uduc

herr

y22

211

4442

332

719

9651

427

325

9857

3A

LL IN

DIA

3703

359

199

9401

1968

3906

957

732

1168

6137

335

875

8035

616

4033

724

* N

ew B

usin

ess

Pre

miu

m in

clud

es fi

rst y

ear p

rem

ium

and

sin

gle

prem

ium

.


18

TABLE 8: NUMBER OF INDIVIDUAL NEW POLICIES ISSUED (LIFE)(In Lakhs)

INSURER 2013-14 2014-15 2015-16

LIC 345.12 201.71 205.47

(-6.17) (-41.55) (1.86)

Private Sector 63.6 57.37 61.92

(-14.11) (-9.79) (7.92)

Total 408.72 259.08 267.38

(-7.50) (-36.61) (3.20)

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


19

TAB

LE

9:

IND

IVID

UA

L B

US

INE

SS

(W

ITH

IN IN

DIA

) B

US

INE

SS

IN F

OR

CE

(N

UM

BE

R O

F P

OL

ICIE

S)

(Pol

icie

s in

‘000

)

Aeg

onA

viva

Baj

aj A

llian

z

PA

RT

ICU

LA

RS

2013

-14

2014

-15

2015

-16

2013

-14

2014

-15

2015

-16

2013

-14

2014

-15

2015

-16

Non

-link

ed L

ife B

usin

ess

Bus

ines

s in

forc

e at

sta

rt of

the

finan

cial

yea

r18

7.89

159.

6820

0.04

316.

7633

4.54

348.

5425

07.1

524

10.9

722

45.1

5A

dditi

ons

durin

g th

e ye

ar*

66.6

864

.73

57.1

997

.60

77.8

548

.74

478.

3327

0.06

220.

68D

elet

ions

dur

ing

the

year

**38

.09

24.3

727

.96

79.8

263

.84

43.6

157

4.51

435.

8728

7.87

Bus

ines

s in

forc

e at

end

of

the

finan

cial

yea

r21

6.48

200.

0422

9.27

334.

5434

8.54

353.

6724

10.9

722

45.1

521

77.9

7

Non

-link

ed -

Gen

eral

Ann

uity

and

Pens

ion

Bus

ines

sB

usin

ess

in fo

rce

at s

tart

of th

efin

anci

al y

ear

4.42

0.32

0.31

56.3

55.

065.

3110

.06

10.7

412

.70

Add

ition

s du

ring

the

year

*0.

070.

010.

001.

130.

840.

451.

502.

730.

77D

elet

ions

dur

ing

the

year

**0.

980.

020.

0419

.85

0.59

0.57

0.81

0.77

0.44

Bus

ines

s in

forc

e at

end

of t

hefin

anci

al y

ear

3.51

0.31

0.27

37.6

25.

315.

1910

.74

12.7

013

.03

Non

link

ed H

ealth

Bus

ines

sB

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

3.39

2.45

2.10

7.79

9.12

8.69

38.0

523

.32

15.9

8

Link

ed B

usin

ess

#B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

56.8

052

.38

46.8

728

4.47

233.

7118

2.21

3393

.72

2492

.48

2195

.20

Link

ed H

ealth

Bus

ines

sB

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Gra

nd T

otal

Bus

ines

s in

forc

e at

end

of

the

finan

cial

yea

r22

3.38

255.

1827

8.51

664.

4259

6.68

549.

7658

53.4

847

73.6

544

02.1

7

* In

clud

es N

ew P

olic

ies

issu

ed,

Old

Pol

icie

s re

inst

ated

/rev

ived

.**

Inc

lude

s po

licy

term

inat

ions

by

deat

h, m

atur

ity,

laps

e, s

urre

nder

s or

can

cella

tions

.#

Exc

ludi

ng li

nked

Hea

lth B

usin

ess,

if a

ny.

Sou

rce:

Act

uaria

l Rep

ort

and

Abs

trac

t of

var

ious

yea

rs.


20

TAB

LE

9:

IND

IVID

UA

L B

US

INE

SS

(W

ITH

IN IN

DIA

) B

US

INE

SS

IN F

OR

CE

(NU

MB

ER

OF

PO

LIC

IES

) (C

ontd

..)(P

olic

ies

in ‘0

00)

Bha

rati

AXA

Birl

a Su

n Li

feC

anar

a H

SBC

OB

C

PA

RT

ICU

LA

RS

2013

-14

2014

-15

2015

-16

2013

-14

2014

-15

2015

-16

2013

-14

2014

-15

2015

-16

Non

-link

ed L

ife B

usin

ess

Bus

ines

s in

forc

e at

sta

rt of

the

finan

cial

yea

r17

1.81

210.

5625

5.21

769.

1977

0.30

782.

5454

.17

62.0

278

.64

Add

ition

s du

ring

the

year

*11

1.04

102.

0310

6.47

387.

0330

6.10

287.

8625

.45

33.8

429

.79

Del

etio

ns d

urin

g th

e ye

ar**

72.2

957

.38

48.6

538

5.93

293.

8620

7.97

17.5

917

.23

19.0

0B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

210.

5625

5.21

313.

0377

0.30

782.

5486

2.43

62.0

278

.64

89.4

3

Non

-link

ed -

Gen

eral

Ann

uity

and

Pens

ion

Bus

ines

sB

usin

ess

in fo

rce

at s

tart

ofth

e fin

anci

al y

ear

0.24

0.21

0.22

1.02

1.08

1.28

0.00

0.00

0.00

Add

ition

s du

ring

the

year

*0.

010.

010.

010.

200.

240.

350.

000.

000.

14D

elet

ions

dur

ing

the

year

**0.

040.

000.

020.

140.

040.

080.

000.

000.

00B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

0.21

0.22

0.21

1.08

1.28

1.56

0.00

0.00

0.14

Non

link

ed H

ealth

Bus

ines

sB

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

11.6

710

.57

9.33

2.63

1.01

2.12

0.00

0.00

0.00

Link

ed B

usin

ess

#B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

153.

0710

2.42

70.8

614

49.0

012

14.7

510

21.0

622

3.08

197.

3020

4.02

Link

ed H

ealth

Bus

ines

sB

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

0.00

0.00

0.00

9.38

8.70

8.14

0.00

0.00

0.00

Gra

nd T

otal

Bus

ines

s in

forc

e at

end

of

the

finan

cial

yea

r37

5.50

368.

4339

3.44

2232

.38

2008

.29

1895

.31

285.

1127

5.94

293.

59

* In

clud

es N

ew P

olic

ies

issu

ed,

Old

Pol

icie

s re

inst

ated

/rev

ived

.**

Inc

lude

s po

licy

term

inat

ions

by

deat

h, m

atur

ity,

laps

e, s

urre

nder

s or

can

cella

tions

.#

Exc

ludi

ng li

nked

Hea

lth B

usin

ess,

if a

ny.

Sou

rce:

Act

uaria

l Rep

ort

and

Abs

trac

t of

var

ious

yea

rs.


21

TAB

LE

9:

IND

IVID

UA

L B

US

INE

SS

(W

ITH

IN IN

DIA

) B

US

INE

SS

IN F

OR

CE

(NU

MB

ER

OF

PO

LIC

IES

) (C

ontd

..)(P

olic

ies

in ‘0

00)

DH

FL P

ram

eric

aEd

elw

eiss

Tok

ioEx

ide

Life

P

AR

TIC

UL

AR

S20

13-1

420

14-1

520

15-1

620

13-1

420

14-1

520

15-1

620

13-1

420

14-1

520

15-1

6

Non

-link

ed L

ife B

usin

ess

Bus

ines

s in

forc

e at

sta

rt of

the

finan

cial

yea

r13

7.33

141.

1815

5.44

22.4

337

.88

49.1

874

3.44

812.

6685

1.55

Add

ition

s du

ring

the

year

*65

.64

59.3

259

.03

32.2

525

.87

33.1

120

3.71

169.

3621

9.93

Del

etio

ns d

urin

g th

e ye

ar**

61.8

045

.06

46.8

316

.81

14.5

711

.37

134.

5013

0.47

98.9

7B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

141.

1815

5.44

167.

6437

.88

49.1

870

.92

812.

6685

1.55

972.

51

Non

-link

ed -

Gen

eral

Ann

uity

and

Pens

ion

Bus

ines

sB

usin

ess

in fo

rce

at s

tart

ofth

e fin

anci

al y

ear

3.98

0.00

0.00

0.00

0.99

1.63

120.

5710

5.87

90.0

3A

dditi

ons

durin

g th

e ye

ar*

0.00

0.00

0.00

1.00

1.45

0.58

6.56

6.84

4.57

Del

etio

ns d

urin

g th

e ye

ar**

1.41

0.00

0.00

0.01

0.81

0.79

21.2

622

.69

15.5

4B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

2.58

0.00

0.00

0.99

1.63

1.41

105.

8890

.03

79.0

5

Non

link

ed H

ealth

Bus

ines

sB

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

0.00

0.00

0.00

0.16

0.16

0.86

0.00

0.00

0.00

Link

ed B

usin

ess

#B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

19.3

516

.16

13.0

21.

343.

778.

2324

1.63

164.

0713

9.47

Link

ed H

ealth

Bus

ines

sB

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Gra

nd T

otal

Bus

ines

s in

forc

e at

end

of

the

finan

cial

yea

r16

3.10

171.

6118

0.67

40.2

154

.73

81.4

311

60.1

711

05.6

511

91.0

3

* In

clud

es N

ew P

olic

ies

issu

ed,

Old

Pol

icie

s re

inst

ated

/rev

ived

.**

Inc

lude

s po

licy

term

inat

ions

by

deat

h, m

atur

ity,

laps

e, s

urre

nder

s or

can

cella

tions

.#

Exc

ludi

ng li

nked

Hea

lth B

usin

ess,

if a

ny.

Sou

rce:

Act

uaria

l Rep

ort

and

Abs

trac

t of

var

ious

yea

rs.


22

TAB

LE

9:

IND

IVID

UA

L B

US

INE

SS

(W

ITH

IN IN

DIA

) B

US

INE

SS

IN F

OR

CE

(NU

MB

ER

OF

PO

LIC

IES

) (C

ontd

..)(P

olic

ies

in ‘0

00)

Futu

re G

ener

ali

HD

FC S

tand

ard

ICIC

I Pr

uden

tial

P

AR

TIC

UL

AR

S20

13-1

420

14-1

520

15-1

620

13-1

420

14-1

520

15-1

620

13-1

420

14-1

520

15-1

6

Non

-link

ed L

ife B

usin

ess

Bus

ines

s in

forc

e at

sta

rt of

the

finan

cial

yea

r35

3.27

350.

6129

9.08

1938

.43

2237

.95

2247

.28

1502

.33

1622

.34

1549

.64

Add

ition

s du

ring

the

year

*82

.96

38.5

636

.19

595.

9351

4.88

658.

1358

2.28

346.

7731

4.34

Del

etio

ns d

urin

g th

e ye

ar**

85.6

290

.07

72.5

529

6.41

505.

5541

8.92

462.

2741

9.48

250.

20B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

350.

6129

9.09

262.

7222

37.9

522

47.2

824

86.4

916

22.3

415

49.6

416

13.7

8

Non

-link

ed -

Gen

eral

Ann

uity

and

Pens

ion

Bus

ines

sB

usin

ess

in fo

rce

at s

tart

ofth

e fin

anci

al y

ear

5.75

5.25

6.49

79.1

287

.67

94.4

762

.13

67.1

773

.25

Add

ition

s du

ring

the

year

*0.

472.

290.

6219

.11

17.5

617

.69

7.25

8.20

6.02

Del

etio

ns d

urin

g th

e ye

ar**

0.97

1.40

2.13

10.5

610

.76

7.35

2.21

2.13

2.11

Bus

ines

s in

forc

e at

end

of

the

finan

cial

yea

r5.

256.

144.

9887

.67

94.4

710

4.80

67.1

773

.25

77.1

6

Non

link

ed H

ealth

Bus

ines

sB

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

0.00

0.00

0.00

23.4

548

.80

189.

9132

.27

28.7

725

.91

Link

ed B

usin

ess

#B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

130.

8487

.39

65.5

918

69.3

218

02.4

718

36.2

732

80.9

029

32.6

628

04.3

1

Link

ed H

ealth

Bus

ines

sB

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

0.00

0.00

0.00

0.00

0.00

0.00

118.

2511

1.84

108.

53

Gra

nd T

otal

Bus

ines

s in

forc

e at

end

of

the

finan

cial

yea

r48

6.70

392.

6233

3.29

4218

.39

4193

.01

4617

.47

5120

.94

4696

.16

4629

.70

* In

clud

es N

ew P

olic

ies

issu

ed,

Old

Pol

icie

s re

inst

ated

/rev

ived

.**

Inc

lude

s po

licy

term

inat

ions

by

deat

h, m

atur

ity,

laps

e, s

urre

nder

s or

can

cella

tions

.#

Exc

ludi

ng li

nked

Hea

lth B

usin

ess,

if a

ny.

Sou

rce:

Act

uaria

l Rep

ort

and

Abs

trac

t of

var

ious

yea

rs.


23

TAB

LE

9:

IND

IVID

UA

L B

US

INE

SS

(W

ITH

IN IN

DIA

) B

US

INE

SS

IN F

OR

CE

(NU

MB

ER

OF

PO

LIC

IES

) (C

ontd

..)(P

olic

ies

in ‘0

00)

IDB

I Fed

eral

Indi

aFir

stK

otak

Mah

indr

a

PA

RT

ICU

LA

RS

2013

-14

2014

-15

2015

-16

2013

-14

2014

-15

2015

-16

2013

-14

2014

-15

2015

-16

Non

-link

ed L

ife B

usin

ess

Bus

ines

s in

forc

e at

sta

rt of

the

finan

cial

yea

r26

7.94

328.

5636

0.62

42.0

666

.11

105.

5947

3.07

555.

4865

8.16

Add

ition

s du

ring

the

year

*11

1.29

81.5

590

.38

40.8

760

.88

64.8

215

9.42

181.

5025

1.70

Del

etio

ns d

urin

g th

e ye

ar**

50.6

749

.49

51.9

216

.55

21.3

931

.09

77.0

178

.83

75.8

9B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

328.

5636

0.62

399.

0866

.38

105.

5913

9.32

555.

4865

8.16

833.

97

Non

-link

ed -

Gen

eral

Ann

uity

and

Pens

ion

Bus

ines

sB

usin

ess

in fo

rce

at s

tart

ofth

e fin

anci

al y

ear

0.95

0.92

0.86

0.08

0.00

0.00

6.12

5.64

5.31

Add

ition

s du

ring

the

year

*0.

000.

000.

000.

020.

002.

450.

270.

310.

75D

elet

ions

dur

ing

the

year

**0.

040.

050.

060.

000.

000.

040.

750.

640.

71B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

0.92

0.86

0.80

0.10

0.00

2.41

5.64

5.31

5.35

Non

link

ed H

ealth

Bus

ines

sB

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

0.49

0.38

0.31

6.32

4.01

1.90

0.00

0.00

0.00

Link

ed B

usin

ess

#B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

95.6

087

.89

94.2

230

0.34

283.

9725

3.72

513.

2442

1.55

379.

74

Link

ed H

ealth

Bus

ines

sB

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

0.00

0.00

0.00

7.79

6.42

5.78

0.00

0.00

0.00

Gra

nd T

otal

Bus

ines

s in

forc

e at

end

of

the

finan

cial

yea

r42

5.56

449.

7549

4.41

380.

9339

9.99

403.

1310

74.3

610

85.0

212

19.0

6

* In

clud

es N

ew P

olic

ies

issu

ed,

Old

Pol

icie

s re

inst

ated

/rev

ived

.**

Inc

lude

s po

licy

term

inat

ions

by

deat

h, m

atur

ity,

laps

e, s

urre

nder

s or

can

cella

tions

.#

Exc

ludi

ng li

nked

Hea

lth B

usin

ess,

if a

ny.

Sou

rce:

Act

uaria

l Rep

ort

and

Abs

trac

t of

var

ious

yea

rs.


24

TAB

LE

9:

IND

IVID

UA

L B

US

INE

SS

(W

ITH

IN IN

DIA

) B

US

INE

SS

IN F

OR

CE

(NU

MB

ER

OF

PO

LIC

IES

) (C

ontd

..)(P

olic

ies

in ‘0

00)

Max

Life

PNB

Met

life

Rel

ianc

e N

ippo

n

PA

RT

ICU

LA

RS

2013

-14

2014

-15

2015

-16

2013

-14

2014

-15

2015

-16

2013

-14

2014

-15

2015

-16

Non

-link

ed L

ife B

usin

ess

Bus

ines

s in

forc

e at

sta

rt of

the

finan

cial

yea

r22

65.3

625

11.6

026

89.1

841

0.42

460.

1550

7.78

2327

.00

2407

.35

2432

.17

Add

ition

s du

ring

the

year

*50

1.75

447.

8945

2.91

160.

1814

4.73

187.

5762

4.45

486.

1037

6.38

Del

etio

ns d

urin

g th

e ye

ar**

255.

5127

0.31

285.

0811

0.45

97.1

078

.07

544.

1046

1.28

393.

02B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

2511

.60

2689

.18

2857

.00

460.

1550

7.78

617.

2724

07.3

524

32.1

724

15.5

2

Non

-link

ed -

Gen

eral

Ann

uity

and

Pens

ion

Bus

ines

sB

usin

ess

in fo

rce

at s

tart

ofth

e fin

anci

al y

ear

5.07

4.56

4.29

0.80

0.77

0.67

8.48

7.72

6.14

Add

ition

s du

ring

the

year

*0.

300.

571.

910.

010.

000.

350.

430.

270.

22D

elet

ions

dur

ing

the

year

**0.

810.

830.

690.

040.

100.

071.

191.

852.

29B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

4.56

4.29

5.51

0.77

0.67

0.95

7.72

6.14

4.07

Non

link

ed H

ealth

Bus

ines

sB

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

12.6

48.

476.

460.

170.

0731

.27

27.4

221

.45

20.2

0

Link

ed B

usin

ess

#B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

1096

.46

966.

4988

6.46

463.

4842

8.28

393.

2515

64.8

671

8.58

530.

20

Link

ed H

ealth

Bus

ines

sB

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

0.00

0.00

0.00

0.00

0.00

0.00

10.5

45.

804.

33

Gra

nd T

otal

Bus

ines

s in

forc

e at

end

of

the

finan

cial

yea

r36

25.2

636

68.4

237

55.4

392

4.56

936.

8010

42.7

440

17.8

831

84.1

329

74.3

2

* In

clud

es N

ew P

olic

ies

issu

ed,

Old

Pol

icie

s re

inst

ated

/rev

ived

.**

Inc

lude

s po

licy

term

inat

ions

by

deat

h, m

atur

ity,

laps

e, s

urre

nder

s or

can

cella

tions

.#

Exc

ludi

ng li

nked

Hea

lth B

usin

ess,

if a

ny.

Sou

rce:

Act

uaria

l Rep

ort

and

Abs

trac

t of

var

ious

yea

rs.


25

TAB

LE

9:

IND

IVID

UA

L B

US

INE

SS

(W

ITH

IN IN

DIA

) B

US

INE

SS

IN F

OR

CE

(NU

MB

ER

OF

PO

LIC

IES

) (C

ontd

..)(P

olic

ies

in ‘0

00)

Sah

ara

SBI L

ifeS

hrir

am

PA

RT

ICU

LA

RS

2013

-14

2014

-15

2015

-16

2013

-14

2014

-15

2015

-16

2013

-14

2014

-15

2015

-16

Non

-link

ed L

ife B

usin

ess

Bus

ines

s in

forc

e at

sta

rt of

the

finan

cial

yea

r22

8.70

239.

6723

6.58

1724

.94

2365

.21

2980

.21

247.

0525

9.86

353.

94A

dditi

ons

durin

g th

e ye

ar*

47.9

527

.71

23.1

588

8.65

904.

1888

7.10

130.

8719

3.39

272.

00D

elet

ions

dur

ing

the

year

**36

.96

30.8

116

.38

248.

3728

9.18

518.

3611

8.07

99.3

112

5.56

Bus

ines

s in

forc

e at

end

of

the

finan

cial

yea

r23

9.69

236.

5824

3.34

2365

.21

2980

.21

3348

.95

259.

8635

3.94

500.

39

Non

-link

ed -

Gen

eral

Ann

uity

and

Pens

ion

Bus

ines

sB

usin

ess

in fo

rce

at s

tart

ofth

e fin

anci

al y

ear

0.37

0.36

0.35

148.

5714

1.26

127.

390.

030.

040.

04A

dditi

ons

durin

g th

e ye

ar*

0.01

0.00

0.00

13.1

79.

388.

090.

010.

000.

00D

elet

ions

dur

ing

the

year

**0.

020.

020.

0320

.49

23.2

522

.54

0.00

0.00

0.00

Bus

ines

s in

forc

e at

end

of

the

finan

cial

yea

r0.

360.

350.

3214

1.26

127.

3911

2.94

0.04

0.04

0.04

Non

link

ed H

ealth

Bus

ines

sB

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

0.00

0.00

0.00

6.06

2.32

1.08

0.00

0.00

0.00

Link

ed B

usin

ess

#B

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

70.0

240

.84

30.3

222

85.1

520

77.5

121

70.5

811

7.41

94.8

879

.62

Link

ed H

ealth

Bus

ines

sB

usin

ess

in fo

rce

at e

nd o

fth

e fin

anci

al y

ear

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Gra

nd T

otal

Bus

ines

s in

forc

e at

end

of

the

finan

cial

yea

r31

0.07

277.

7627

3.98

4797

.67

5187

.43

5633

.55

377.

3144

8.86

580.

05

* In

clud

es N

ew P

olic

ies

issu

ed,

Old

Pol

icie

s re

inst

ated

/rev

ived

.**

Inc

lude

s po

licy

term

inat

ions

by

deat

h, m

atur

ity,

laps

e, s

urre

nder

s or

can

cella

tions

.#

Exc

ludi

ng li

nked

Hea

lth B

usin

ess,

if a

ny.

Sou

rce:

Act

uaria

l Rep

ort

and

Abs

trac

t of

var

ious

yea

rs.


26

TAB

LE

9:

IND

IVID

UA

L B

US

INE

SS

(W

ITH

IN IN

DIA

) B

US

INE

SS

IN F

OR

CE

(NU

MB

ER

OF

PO

LIC

IES

) (C

ontd

..)(P

olic

ies

in ‘0

00)

Star

Uni

on D

ai-Ic

hiTa

ta A

IAPr

ivat

e To

tal

P

AR

TIC

UL

AR

S20

13-1

420

14-1

520

15-1

620

13-1

420

14-1

520

15-1

620

13-1

420

14-1

520

15-1

6

Non

-link

ed L

ife B

usin

ess

Bus

ines

s in

forc

e at

sta

rt of

the

finan

cial

yea

r15

3.95

181.

1417

9.17

807.

2981

2.65

800.

7617

651.

9819

338.

4620

366.

42A

dditi

ons

durin

g th

e ye

ar*

87.4

452

.90

80.6

212

3.38

78.7

612

8.76

5605

.14

4668

.92

4886

.85

Del

etio

ns d

urin

g th

e ye

ar**

60.2

554

.87

34.1

211

8.02

90.6

551

.73

3861

.58

3640

.95

3195

.13

Bus

ines

s in

forc

e at

end

of

the

fina

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