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Life Insurance in India, Key Trends and Opportunities to 2019

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Date: 03-Sep-2015
No. of pages: 261
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Synopsis

Timetric's 'Life Insurance in India, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Indian life insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2010-2014) and forecast period (2014-2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of Indian economy and demographics and provides detailed information on the competitive landscape in the country.

The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in regulatory structure.

Summary

Timetric's 'Life Insurance in India, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Indian life insurance segment, including:

• The Indian life insurance segment's growth prospects by life insurance category

• Key trends, drivers and challenges for the life insurance segment

• A comprehensive overview of India's economy and demographics

• The various distribution channels in the Indian life insurance segment

• Details of the competitive landscape in the life insurance segment in India

• Details of regulatory policy applicable to the Indian insurance industry

Scope

This report provides a comprehensive analysis of the life insurance segment in India:

• It provides historical values for the Indian life insurance segment for the report's 2010-2014 review period, and projected figures for the 2014-2019 forecast period.

• It offers a detailed analysis of the key categories in the Indian life insurance segment, and market forecasts to 2019.

• It analyzes the various distribution channels for life insurance products in India.

• It profiles the top life insurance companies in India, and outlines the key regulations affecting them.

Reasons To Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the Indian life insurance segment and each category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Indian life insurance segment.

• Assess the competitive dynamics in the life insurance segment.

• Identify the growth opportunities and market dynamics in key product categories.

• Gain insights into key regulations governing the Indian insurance industry, and their impact on companies and the industry's future.

Key Highlights

• The Indian life insurance segment accounted for 79.5% of the industry's gross written premium in India in 2014, following growth at a review-period (2010-2014) CAGR of 4.4%.

• On March 12, 2015, the government passed the Insurance Laws (Amendment) Bill 2015 and increased the FDI limit in the Indian insurance industry from 26% to 49%. The FDI increase is expected to encourage global insurers to invest in the segment, intensifying competition over the forecast period (2014-2019).

• The Indian life segment is highly concentrated, with the five leading life insurers accounting for 88.9% of the segment's gross written premium in 2014.

• The Indian life insurance segment has been an attractive destination for foreign insurers: of the top 10 life insurers in 2014, nine are domestic operators operating through joint ventures with foreign companies.

• Direct marketing remained the dominant distribution channel in the Indian life segment during the review period, accounting for 50.3% of the new business direct written premium, in 2014 due to its cost-effective nature.

• Constant product redevelopments have added complexity and difficulties for banking staff, especially in terms of product marketing. Training bank staff to sell insurance is a significant challenge for insurers, and is usually very expensive.

Life Insurance in India, Key Trends and Opportunities to 2019

Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Economy and Demographics
5 Life Insurance Outlook
5.1 Key Drivers
5.2 Key Trends
5.3 Challenges
5.4 Life Insurance Growth Prospects by Category
5.5 Individual Life Insurance
5.5.1 Individual whole life insurance
5.5.2 Individual general annuity insurance
5.5.3 Individual pension insurance
5.5.4 Other individual life insurance
5.6 Group Life Insurance
5.6.1 Group whole life insurance
5.6.2 Group superannuation insurance
5.7 Life Insurance Growth Prospects by Product Type
5.7.1 Individual single-premium insurance
5.7.2 Individual non-single-premium insurance
5.7.3 Group single-premium insurance
5.7.4 Group non-single-premium insurance
5.7.5 Total linked insurance business
5.7.6 Total non-linked insurance business
6 Analysis by Distribution Channel
6.1 Direct Marketing
6.2 Bancassurance
6.3 Agencies
6.4 E-Commerce
6.5 Brokers
6.6 Other Channels
7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the Indian Life Insurance Segment
7.2.1 Life Insurance Corporation of India - Company Overview
7.2.2 ICICI Prudential Life Insurance Co. Ltd - Company Overview
7.2.3 HDFC Standard Life Insurance Co. Ltd - Company Overview
7.2.4 SBI Life Insurance Co. Ltd - Company Overview
7.2.5 Max Life Insurance Co. Ltd - Company Overview
7.2.6 Bajaj Allianz Life Insurance Co. Ltd - Company Overview
7.2.7 Birla Sun Life Insurance Co. Ltd - Company Overview
7.2.8 Reliance Life Insurance Co. Ltd - Company Overview
7.2.9 Kotak Mahindra Old Mutual Life Insurance Ltd - Company Overview
7.2.10 Tata AIA Life Insurance Co. Ltd - Company Overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulations
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Third-party liability insurance for owner of hazardous facilities
8.4.2 Motor third-party liability insurance
8.4.3 Professional indemnity insurance for insurance brokers and web aggregators
8.4.4 Workmen's compensation insurance/employers' liability insurance
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 Insurance Regulatory and Development Authority of India
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and penalties
8.7 Company Registration and Operations
8.7.1 Types of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margins
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution (ADR)
9 Appendix
9.1 Contact Timetric
9.2 About Timetric
9.3 Timetric's Services
9.4 Disclaimer

List of Tables
Table 1: Indian Life Insurance - Key Facts, 2014
Table 2: Insurance Industry Definitions
Table 3: Indian Government Credit Ratings
Table 4: Indian Life Insurance - Gross Written Premium by Category (INR Billion), 2010-2014
Table 5: Indian Life Insurance - Gross Written Premium by Category (US$ Billion), 2010-2014
Table 6: Indian Life Insurance - Gross Written Premium by Category (INR Billion), 2014-2019
Table 7: Indian Life Insurance - Gross Written Premium by Category (US$ Billion), 2014-2019
Table 8: Indian Life Insurance - New Business Direct Written Premium (INR Billion), 2010-2014
Table 9: Indian Life Insurance - New Business Direct Written Premium (INR Billion), 2014-2019
Table 10: Indian Life Insurance - Net Earned Premium (INR Billion), 2010-2014
Table 11: Indian Life Insurance - Net Earned Premium (INR Billion), 2014-2019
Table 12: Indian Life Insurance - Sum Assured (INR Trillion), 2010-2014
Table 13: Indian Life Insurance - Sum Assured (INR Trillion), 2014-2019
Table 14: Indian Life Insurance - Paid Claims (INR Billion), 2010-2014
Table 15: Indian Life Insurance - Paid Claims (INR Billion), 2014-2019
Table 16: Indian Life Insurance - Incurred Loss (INR Billion), 2010-2014
Table 17: Indian Life Insurance - Incurred Loss (INR Billion), 2014-2019
Table 18: Indian Life Insurance - Number of Policies Per Capita, 2010-2014
Table 19: Indian Life Insurance - Number of Policies Per Capita, 2014-2019
Table 20: Indian Life Insurance - Commissions and Expenses (INR Billion), 2010-2014
Table 21: Indian Life Insurance - Commissions and Expenses (INR Billion), 2014-2019
Table 22: Indian Life Insurance - Net Written Premium (% of GWP), 2010-2014
Table 23: Indian Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2014-2019
Table 24: Indian Life Insurance - Renewal Business Direct Written Premium (INR Billion), 2010-2014
Table 25: Indian Life Insurance - Renewal Business Direct Written Premium (INR Billion), 2014-2019
Table 26: Indian Life Insurance - Total Assets (INR Trillion), 2010-2014
Table 27: Indian Life Insurance - Total Assets (INR Trillion), 2014-2019
Table 28: Indian Life Insurance - Total Investment Income (INR Trillion), 2010-2014
Table 29: Indian Life Insurance - Total Investment Income (INR Trillion), 2014-2019
Table 30: Indian Life Insurance - Net Written Premium (INR Billion), 2010-2014
Table 31: Indian Life Insurance - Net Written Premium (INR Billion), 2014-2019
Table 32: Indian Individual Life Insurance - Gross Written Premium by Category (INR Billion), 2010-2014
Table 33: Indian Individual Life Insurance - Gross Written Premium by Category (US$ Billion), 2010-2014
Table 34: Indian Individual Life Insurance - Gross Written Premium by Category (INR Billion), 2014-2019
Table 35: Indian Individual Life Insurance - Gross Written Premium by Category (US$ Billion), 2014-2019
Table 36: Indian Individual Life Insurance - Direct Written Premium by Category (INR Billion), 2010-2014
Table 37: Indian Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2010-2014
Table 38: Indian Individual Life Insurance - Direct Written Premium by Category (INR Billion), 2014-2019
Table 39: Indian Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2014-2019
Table 40: Indian Individual Life Insurance - Policies by Category (Million), 2010-2014
Table 41: Indian Individual Life Insurance - Policies by Category (Million), 2014-2019
Table 42: Indian Individual Whole Life Insurance - Number of Active Policies (Million), 2010-2014
Table 43: Indian Individual Whole Life Insurance - Number of Active Policies (Million), 2014-2019
Table 44: Indian Individual Whole Life Insurance - Direct Written Premium (INR Billion), 2010-2014
Table 45: Indian Individual Whole Life Insurance - Direct Written Premium (INR Billion), 2014-2019
Table 46: Indian Individual General Annuity Insurance - Number of Active Policies (Thousand), 2010-2014
Table 47: Indian Individual General Annuity Insurance - Number of Active Policies (Thousand), 2014-2019
Table 48: Indian Individual General Annuity Insurance - Direct Written Premium (INR Million), 2010-2014
Table 49: Indian Individual General Annuity Insurance - Direct Written Premium (INR Million), 2014-2019
Table 50: Indian Individual Pension Insurance - Number of Active Policies (Thousand), 2010-2014
Table 51: Indian Individual Pension Insurance - Number of Active Policies (Thousand), 2014-2019
Table 52: Indian Individual Pension Insurance - Direct Written Premium (INR Billion), 2010-2014
Table 53: Indian Individual Pension Insurance - Direct Written Premium (INR Billion), 2014-2019
Table 54: Indian Other Individual Life Insurance - Number of Active Policies (Million), 2010-2014
Table 55: Indian Other Individual Life Insurance - Number of Active Policies (Million), 2014-2019
Table 56: Indian Other Individual Life Insurance - Direct Written Premium (INR Billion), 2010-2014
Table 57: Indian Other Individual Life Insurance - Direct Written Premium (INR Billion), 2014-2019
Table 58: Indian Group Life Insurance - Gross Written Premium by Category (INR Billion), 2010-2014
Table 59: Indian Group Life Insurance - Gross Written Premium by Category (US$ Billion), 2010-2014
Table 60: Indian Group Life Insurance - Gross Written Premium by Category (INR Billion), 2014-2019
Table 61: Indian Group Life Insurance - Gross Written Premium by Category (US$ Billion), 2014-2019
Table 62: Indian Group Life Insurance - Direct Written Premium by Category (INR Billion), 2010-2014
Table 63: Indian Group Life Insurance - Direct Written Premium by Category (US$ Billion), 2010-2014
Table 64: Indian Group Life Insurance - Direct Written Premium by Category (INR Billion), 2014-2019
Table 65: Indian Group Life Insurance - Direct Written Premium by Category (US$ Billion), 2014-2019
Table 66: Indian Group Life Insurance - Policies by Category (Thousand), 2010-2014
Table 67: Indian Group Life Insurance - Policies by Category (Thousand), 2014-2019
Table 68: Indian Group Whole Life Insurance - Number of Active Policies (Thousand), 2010-2014
Table 69: Indian Group Whole Life Insurance - Number of Active Policies (Thousand), 2014-2019
Table 70: Indian Group Whole Life Insurance - Direct Written Premium (INR Billion), 2010-2014
Table 71: Indian Group Whole Life Insurance - Direct Written Premium (INR Billion), 2014-2019
Table 72: Indian Group Superannuation Insurance - Number of Active Policies (Thousand), 2010-2014
Table 73: Indian Group Superannuation Insurance - Number of Active Policies (Thousand), 2014-2019
Table 74: Indian Group Superannuation Insurance - Direct Written Premium (INR Billion), 2010-2014
Table 75: Indian Group Superannuation Insurance - Direct Written Premium (INR Billion), 2014-2019
Table 76: Indian Individual Single-Premium Insurance - Number of Active Policies (Million), 2010-2014
Table 77: Indian Individual Single-Premium Insurance - Number of Active Policies (Million), 2014-2019
Table 78: Indian Individual Single-Premium Insurance - Gross Written Premium (INR Billion), 2010-2014
Table 79: Indian Individual Single-Premium Insurance - Gross Written Premium (INR Billion), 2014-2019
Table 80: Indian Individual Single-Premium Insurance - Direct Written Premium (INR Billion), 2010-2014
Table 81: Indian Individual Single-Premium Insurance - Direct Written Premium (INR Billion), 2014-2019
Table 82: Indian Individual Non-Single-Premium Insurance - Number of Active Policies (Million), 2010-2014
Table 83: Indian Individual Non-Single-Premium Insurance - Number of Active Policies (Million), 2014-2019
Table 84: Indian Individual Non-Single-Premium Insurance - Gross Written Premium (INR Billion), 2010-2014
Table 85: Indian Individual Non-Single-Premium Insurance - Gross Written Premium (INR Billion), 2014-2019
Table 86: Indian Individual Non-Single-Premium Insurance - Direct Written Premium (INR Billion), 2010-2014
Table 87: Indian Individual Non-Single-Premium Insurance - Direct Written Premium (INR Billion), 2014-2019
Table 88: Indian Group Single-Premium Insurance - Number of Active Policies (Thousand), 2010-2014
Table 89: Indian Group Single-Premium Insurance - Number of Active Policies (Thousand), 2014-2019
Table 90: Indian Group Single-Premium Insurance - Gross Written Premium (INR Billion), 2010-2014
Table 91: Indian Group Single-Premium Insurance - Gross Written Premium (INR Billion), 2014-2019
Table 92: Indian Group Single-Premium Insurance - Direct Written Premium (INR Billion), 2010-2014
Table 93: Indian Group Single-Premium Insurance - Direct Written Premium (INR Billion), 2014-2019
Table 94: Indian Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2010-2014
Table 95: Indian Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2014-2019
Table 96: Indian Group Non-Single-Premium Insurance - Gross Written Premium (INR Billion), 2010-2014
Table 97: Indian Group Non-Single-Premium Insurance - Gross Written Premium (INR Billion), 2014-2019
Table 98: Indian Group Non-Single-Premium Insurance - Direct Written Premium (INR Billion), 2010-2014
Table 99: Indian Group Non-Single-Premium Insurance - Direct Written Premium (INR Billion), 2014-2019
Table 100: Indian Linked Insurance Business - Number of Active Policies (Million), 2010-2014
Table 101: Indian Linked Insurance Business - Number of Active Policies (Million), 2014-2019
Table 102: Indian Linked Insurance Business - Gross Written Premium (INR Billion), 2010-2014
Table 103: Indian Linked Insurance Business - Gross Written Premium (INR Billion), 2014-2019
Table 104: Indian Linked Insurance Business - Direct Written Premium (INR Billion), 2010-2014
Table 105: Indian Linked Insurance Business - Direct Written Premium (INR Billion), 2014-2019
Table 106: Indian Non-Linked Insurance Business - Number of Active Policies (Million), 2010-2014
Table 107: Indian Non-Linked Insurance Business - Number of Active Policies (Million), 2014-2019
Table 108: Indian Non-Linked Insurance Business - Gross Written Premium (INR Billion), 2010-2014
Table 109: Indian Non-Linked Insurance Business - Gross Written Premium (INR Billion), 2014-2019
Table 110: Indian Non-Linked Insurance Business - Direct Written Premium (INR Billion), 2010-2014
Table 111: Indian Non-Linked Insurance Business - Direct Written Premium (INR Billion), 2014-2019
Table 112: Indian Life Insurance - Direct Marketing Value of Commissions (INR Billion), 2010-2014
Table 113: Indian Life Insurance - Direct Marketing Value of Commissions (INR Billion), 2014-2019
Table 114: Indian Life Insurance - Direct Marketing New Business Direct Written Premium (INR Billion), 2010-2014
Table 115: Indian Life Insurance - Direct Marketing New Business Direct Written Premium (INR Billion), 2014-2019
Table 116: Indian Life Insurance - New Policies Sold Through Direct Marketing (Million), 2010-2014
Table 117: Indian Life Insurance - New Policies Sold Through Direct Marketing (Million), 2014-2019
Table 118: Indian Life Insurance - Sales Force, 2010-2014
Table 119: Indian Life Insurance - Sales Force, 2014-2019
Table 120: Indian Life Insurance - Bancassurance Value of Commissions (INR Billion), 2010-2014
Table 121: Indian Life Insurance - Bancassurance Value of Commissions (INR Billion), 2014-2019
Table 122: Indian Life Insurance - Bancassurance New Business Direct Written Premium (INR Billion), 2010-2014
Table 123: Indian Life Insurance - Bancassurance New Business Direct Written Premium (INR Billion), 2014-2019
Table 124: Indian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2010-2014
Table 125: Indian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2014-2019
Table 126: Indian Life Insurance - Number of Banking Entities, 2010-2014
Table 127: Indian Life Insurance - Number of Banking Entities, 2014-2019
Table 128: Indian Life Insurance - Agencies' Value of Commissions (INR Billion), 2010-2014
Table 129: Indian Life Insurance - Agencies' Value of Commissions (INR Billion), 2014-2019
Table 130: Indian Life Insurance - Agencies' New Business Direct Written Premium (INR Billion), 2010-2014
Table 131: Indian Life Insurance - Agencies' New Business Direct Written Premium (INR Billion), 2014-2019
Table 132: Indian Life Insurance - New Policies Sold Through Agencies (Million), 2010-2014
Table 133: Indian Life Insurance - New Policies Sold Through Agencies (Million), 2014-2019
Table 134: Indian Life Insurance - Number of Insurance Agents (Million), 2010-2014
Table 135: Indian Life Insurance - Number of Insurance Agents (Million), 2014-2019
Table 136: Indian Life Insurance - E-Commerce Value of Commissions (INR Billion), 2010-2014
Table 137: Indian Life Insurance - E-Commerce Value of Commissions (INR Billion), 2014-2019
Table 138: Indian Life Insurance - E-Commerce New Business Direct Written Premium (INR Billion), 2010-2014
Table 139: Indian Life Insurance - E-Commerce New Business Direct Written Premium (INR Billion), 2014-2019
Table 140: Indian Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2010-2014
Table 141: Indian Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2014-2019
Table 142: Indian Life Insurance - Brokers' Value of Commissions (INR Billion), 2010-2014
Table 143: Indian Life Insurance - Brokers' Value of Commissions (INR Billion), 2014-2019
Table 144: Indian Life Insurance - Brokers' New Business Direct Written Premium (INR Billion), 2010-2014
Table 145: Indian Life Insurance - Brokers' New Business Direct Written Premium (INR Billion), 2014-2019
Table 146: Indian Life Insurance - New Policies Sold Through Brokers (Thousand), 2010-2014
Table 147: Indian Life Insurance - New Policies Sold Through Brokers (Thousand), 2014-2019
Table 148: Indian Life Insurance - Number of Insurance Brokers, 2010-2014
Table 149: Indian Life Insurance - Number of Insurance Brokers, 2014-2019
Table 150: Indian Life Insurance - Other Channels' Value of Commissions (INR Billion), 2010-2014
Table 151: Indian Life Insurance - Other Channels' Value of Commissions (INR Billion), 2014-2019
Table 152: Indian Life Insurance - Other Channels' New Business Direct Written Premium (INR Billion), 2010-2014
Table 153: Indian Life Insurance - Other Channels' New Business Direct Written Premium (INR Billion), 2014-2019
Table 154: Indian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2010-2014
Table 155: Indian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2014-2019
Table 156: Indian Life Insurance - Shares of Key Insurers (%), 2014
Table 157: Life Insurance Corporation of India - Key Facts
Table 158: Life Insurance Corporation of India - Key Financials (INR Million), 2010-2014
Table 159: ICICI Prudential Life Insurance Co. Ltd - Key Facts
Table 160: ICICI Prudential Life Insurance Co. Ltd - Key Financials (INR Million), 2010-2014
Table 161: HDFC Standard Life Insurance Co. Ltd - Key Facts
Table 162: HDFC Standard Life Insurance Co. Ltd - Key Financials (INR Million), 2010-2014
Table 163: SBI Life Insurance Co. Ltd - Key Facts
Table 164: SBI Life Insurance Co. Ltd - Key Financials (INR Million), 2010-2014
Table 165: Max Life Insurance Co. Ltd - Key Facts
Table 166: Max Life Insurance Co. Ltd - Key Financials (INR Million), 2010-2014
Table 167: Bajaj Allianz Life Insurance Co. Ltd - Key Facts
Table 168: Bajaj Allianz Life Insurance Co. Ltd - Key Financials (INR Million), 2010-2014
Table 169: Birla Sun Life Insurance Co. Ltd - Key Facts
Table 170: Birla Sun Life Insurance Co. Ltd - Key Financials (INR Million), 2010-2014
Table 171: Reliance Life Insurance Co. Ltd - Key Facts
Table 172: Reliance Life Insurance Co. Ltd - Key Financials (INR Million), 2010-2014
Table 173: Kotak Mahindra Old Mutual Life Insurance Ltd - Key Facts
Table 174: Kotak Mahindra Old Mutual Life Insurance Ltd - Key Financials (INR Million), 2010-2014
Table 175: Tata AIA Life Insurance Co. Ltd - Key Facts
Table 176: Tata AIA Life Insurance Co. Ltd - Key Financials (INR Million), 2010-2014
Table 177:India - Insurance Regulatory Framework Key Features
Table 178: India - Life Insurance Regulatory Framework
Table 179: India - Property Insurance Regulatory Framework
Table 180: India - Motor Insurance Regulatory Framework
Table 181: India - Liability Insurance Regulatory Framework
Table 182: India - Premium Rates for Third-Party (TP) Liability Insurance
Table 183: India - Employee Compensation Benefits
Table 184: India - Surcharge for the Financial Year 2015
Table 185: India - Other Corporate Tax Rates for the Financial Year 2015


List of Figures
Figure 1: Indian Real GDP, 2010-2019
Figure 2: INR-US$ Exchange Rate, 2010-2019
Figure 3: Indian Consumer Price Inflation, 2010-2019
Figure 4: Indian Current Account Balance (Percentage of GDP), 2009-2013
Figure 5: Indian Unemployment Rate, 2010-2019
Figure 6: Indian Non-Life Insurance - Population by Age Group, 1991-2025
Figure 7: Indian Life Insurance - Gross Written Premium by Category (INR Billion), 2010-2019
Figure 8: Indian Life Insurance - Gross Written Premium by Category (Percentage Share), 2014 and 2019
Figure 9: Indian Life Insurance - Gross Written Premium Dynamics by Category (2010-2019)
Figure 10: Indian Life Insurance - New Business Direct Written Premium (INR Billion), 2010-2014
Figure 11: Indian Life Insurance - New Business Direct Written Premium (INR Billion), 2014-2019
Figure 12: Indian Life Insurance - Net Earned Premium (INR Billion), 2010-2014
Figure 13: Indian Life Insurance - Net Earned Premium (INR Billion), 2014-2019
Figure 14: Indian Life Insurance - Sum Assured (INR Trillion), 2010-2014
Figure 15: Indian Life Insurance - Sum Assured (INR Trillion), 2014-2019
Figure 16: Indian Life Insurance - Paid Claims (INR Billion), 2010-2014
Figure 17: Indian Life Insurance - Paid Claims (INR Billion), 2014-2019
Figure 18: Indian Life Insurance - Incurred Loss (INR Billion), 2010-2014
Figure 19: Indian Life Insurance - Incurred Loss (INR Billion), 2014-2019
Figure 20: Indian Life Insurance - Number of Policies Per Capita, 2010-2014
Figure 21: Indian Life Insurance - Number of Policies Per Capita, 2014-2019
Figure 22: Indian Life Insurance - Commissions and Expenses (INR Billion), 2010-2014
Figure 23: Indian Life Insurance - Commissions and Expenses (INR Billion), 2014-2019
Figure 24: Indian Life Insurance - Net Written Premium (% of GWP), 2010-2014
Figure 25: Indian Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2014-2019
Figure 26: Indian Life Insurance - Renewal Business Direct Written Premium (INR Billion), 2010-2014
Figure 27: Indian Life Insurance - Renewal Business Direct Written Premium (INR Billion), 2014-2019
Figure 28: Indian Life Insurance - Total Assets (INR Trillion), 2010-2014
Figure 29: Indian Life Insurance - Total Assets (INR Trillion), 2014-2019
Figure 30: Indian Life Insurance - Total Investment Income (INR Trillion), 2010-2014
Figure 31: Indian Life Insurance - Total Investment Income (INR Trillion), 2014-2019
Figure 32: Indian Life Insurance - Net Written Premium (INR Billion), 2010-2014
Figure 33: Indian Life Insurance - Net Written Premium (INR Billion), 2014-2019
Figure 34: Indian Life Insurance - Investment Portfolio (INR Billion), 2010-2014
Figure 35: Indian Life Insurance - Investment Portfolio, 2010 and 2014
Figure 36: Indian Life Insurance - Penetration (Ratio of Direct Premium to GDP), 2010-2014
Figure 37: Indian Life Insurance - Density (Direct Premium Per Capita), 2010-2014
Figure 38: Indian Life Insurance - Number of Active Policies (Thousand), 2010-2014
Figure 39: Indian Life Insurance - Number of Active Policies (Thousand), 2014-2019
Figure 40: Indian Life Insurance - Number of New Policies Sold (Thousand), 2010-2014
Figure 41: Indian Life Insurance - Number of New Policies Sold (Thousand), 2014-2019
Figure 42: Indian Life Insurance - Total Investments (INR), 2010-2014
Figure 43: Indian Individual Life Insurance - Gross Written Premium by Category (INR Billion), 2010-2019
Figure 44: Indian Individual Life Insurance - Gross Written Premium by Category (Percentage Share), 2014 and 2019
Figure 45: Indian Individual Life Insurance - Gross Written Premium Dynamics by Category, 2010-2019
Figure 46: Indian Individual Life Insurance - Direct Written Premium by Category (INR Billion), 2010-2019
Figure 47: Indian Individual Life Insurance - Direct Written Premium by Category (Percentage Share), 2014 and 2019
Figure 48: Indian Individual Life Insurance - Direct Written Premium Dynamics by Category, 2010-2019
Figure 49: Indian Individual Life Insurance - Policies by Category (Million), 2010-2019
Figure 50: Indian Individual Life Insurance - Policies by Category (Percentage Share), 2014 and 2019
Figure 51: Indian Individual Life Insurance - Policies Dynamics by Category, 2010-2019
Figure 52: Indian Individual Whole Life Insurance - Number of Active Policies (Million), 2010-2014
Figure 53: Indian Individual Whole Life Insurance - Number of Active Policies (Million), 2014-2019
Figure 54: Indian Individual Whole Life Insurance - Direct Written Premium (INR Billion), 2010-2014
Figure 55: Indian Individual Whole Life Insurance - Direct Written Premium (INR Billion), 2014-2019
Figure 56: Indian Individual General Annuity Insurance - Number of Active Policies (Thousand), 2010-2014
Figure 57: Indian Individual General Annuity Insurance - Number of Active Policies (Thousand), 2014-2019
Figure 58: Indian Individual General Annuity Insurance - Direct Written Premium (INR Million), 2010-2014
Figure 59: Indian Individual General Annuity Insurance - Direct Written Premium (INR Million), 2014-2019
Figure 60: Indian Individual Pension Insurance - Number of Active Policies (Thousand), 2010-2014
Figure 61: Indian Individual Pension Insurance - Number of Active Policies (Thousand), 2014-2019
Figure 62: Indian Individual Pension Insurance - Direct Written Premium (INR Billion), 2010-2014
Figure 63: Indian Individual Pension Insurance - Direct Written Premium (INR Billion), 2014-2019
Figure 64: Indian Other Individual Life Insurance - Number of Active Policies (Million), 2010-2014
Figure 65: Indian Other Individual Life Insurance - Number of Active Policies (Million), 2014-2019
Figure 66: Indian Other Individual Life Insurance - Direct Written Premium (INR Billion), 2010-2014
Figure 67: Indian Other Individual Life Insurance - Direct Written Premium (INR Billion), 2014-2019
Figure 68: Indian Group Life Insurance - Gross Written Premium by Category (INR Billion), 2010-2019
Figure 69: Indian Group Life Insurance - Gross Written Premium by Category (Percentage Share), 2014 and 2019
Figure 70: Indian Group Life Insurance - Gross Written Premium Dynamics by Category, 2010-2019
Figure 71: Indian Group Life Insurance - Direct Written Premium by Category (INR Billion), 2010-2019
Figure 72: Indian Group Life Insurance - Direct Written Premium by Category (Percentage Share), 2014 and 2019
Figure 73: Indian Group Life Insurance - Direct Written Premium Dynamics by Category, 2010-2019
Figure 74: Indian Group Life Insurance - Policies by Category (Thousand), 2010-2019
Figure 75: Indian Group Life Insurance - Policies by Category (Percentage Share), 2014 and 2019
Figure 76: Indian Group Life Insurance - Policies Dynamics by Category, 2010-2019
Figure 77: Indian Group Whole Life Insurance - Number of Active Policies (Thousand), 2010-2014
Figure 78: Indian Group Whole Life Insurance - Number of Active Policies (Thousand), 2014-2019
Figure 79: Indian Group Whole Life Insurance - Direct Written Premium (INR Billion), 2010-2014
Figure 80: Indian Group Whole Life Insurance - Direct Written Premium (INR Billion), 2014-2019
Figure 81: Indian Group Superannuation Insurance - Number of Active Policies (Thousand), 2010-2014
Figure 82: Indian Group Superannuation Insurance - Number of Active Policies (Thousand), 2014-2019
Figure 83: Indian Group Superannuation Insurance - Direct Written Premium (INR Billion), 2010-2014
Figure 84: Indian Group Superannuation Insurance - Direct Written Premium (INR Billion), 2014-2019
Figure 85: Indian Individual Single-Premium Insurance - Number of Active Policies (Million), 2010-2014
Figure 86: Indian Individual Single-Premium Insurance - Number of Active Policies (Million), 2014-2019
Figure 87: Indian Individual Single-Premium Insurance - Gross Written Premium (INR Billion), 2010-2014
Figure 88: Indian Individual Single-Premium Insurance - Gross Written Premium (INR Billion), 2014-2019
Figure 89: Indian Individual Single-Premium Insurance - Direct Written Premium (INR Billion), 2010-2014
Figure 90: Indian Individual Single-Premium Insurance - Direct Written Premium (INR Billion), 2014-2019
Figure 91: Indian Individual Non-Single-Premium Insurance - Number of Active Policies (Million), 2010-2014
Figure 92: Indian Individual Non-Single-Premium Insurance - Number of Active Policies (Million), 2014-2019
Figure 93: Indian Individual Non-Single-Premium Insurance - Gross Written Premium (INR Billion), 2010-2014
Figure 94: Indian Individual Non-Single-Premium Insurance - Gross Written Premium (INR Billion), 2014-2019
Figure 95: Indian Individual Non-Single-Premium Insurance - Direct Written Premium (INR Billion), 2010-2014
Figure 96: Indian Individual Non-Single-Premium Insurance - Direct Written Premium (INR Billion), 2014-2019
Figure 97: Indian Group Single-Premium Insurance - Number of Active Policies (Thousand), 2010-2014
Figure 98: Indian Group Single-Premium Insurance - Number of Active Policies (Thousand), 2014-2019
Figure 99: Indian Group Single-Premium Insurance - Gross Written Premium (INR Billion), 2010-2014
Figure 100: Indian Group Single-Premium Insurance - Gross Written Premium (INR Billion), 2014-2019
Figure 101: Indian Group Single-Premium Insurance - Direct Written Premium (INR Billion), 2010-2014
Figure 102: Indian Group Single-Premium Insurance - Direct Written Premium (INR Billion), 2014-2019
Figure 103: Indian Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2010-2014
Figure 104: Indian Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2014-2019
Figure 105: Indian Group Non-Single-Premium Insurance - Gross Written Premium (INR Billion), 2010-2014
Figure 106: Indian Group Non-Single-Premium Insurance - Gross Written Premium (INR Billion), 2014-2019
Figure 107: Indian Group Non-Single-Premium Insurance - Direct Written Premium (INR Billion), 2010-2014
Figure 108: Indian Group Non-Single-Premium Insurance - Direct Written Premium (INR Billion), 2014-2019
Figure 109: Indian Linked Insurance Business - Number of Active Policies (Million), 2010-2014
Figure 110: Indian Linked Insurance Business - Number of Active Policies (Million), 2014-2019
Figure 111: Indian Linked Insurance Business - Gross Written Premium (INR Billion), 2010-2014
Figure 112: Indian Linked Insurance Business - Gross Written Premium (INR Billion), 2014-2019
Figure 113: Indian Linked Insurance Business - Direct Written Premium (INR Billion), 2010-2014
Figure 114: Indian Linked Insurance Business - Direct Written Premium (INR Billion), 2014-2019
Figure 115: Indian Non-Linked Insurance Business - Number of Active Policies (Million), 2010-2014
Figure 116: Indian Non-Linked Insurance Business - Number of Active Policies (Million), 2014-2019
Figure 117: Indian Non-Linked Insurance Business - Gross Written Premium (INR Billion), 2010-2014
Figure 118: Indian Non-Linked Insurance Business - Gross Written Premium (INR Billion), 2014-2019
Figure 119: Indian Non-Linked Insurance Business - Direct Written Premium (INR Billion), 2010-2014
Figure 120: Indian Non-Linked Insurance Business - Direct Written Premium (INR Billion), 2014-2019
Figure 121: Indian Life Insurance - New Business Gross Written Premium by Distribution Channel (Percentage Share), 2014 and 2019
Figure 122: Indian Life Insurance - Direct Marketing Value of Commissions (INR Billion), 2010-2014
Figure 123: Indian Life Insurance - Direct Marketing Value of Commissions (INR Billion), 2014-2019
Figure 124: Indian Life Insurance - Direct Marketing New Business Direct Written Premium (INR Billion), 2010-2014
Figure 125: Indian Life Insurance - Direct Marketing New Business Direct Written Premium (INR Billion), 2014-2019
Figure 126: Indian Life Insurance - New Policies Sold Through Direct Marketing (Million), 2010-2014
Figure 127: Indian Life Insurance - New Policies Sold Through Direct Marketing (Million), 2014-2019
Figure 128: Indian Life Insurance - Sales Force, 2010-2014
Figure 129: Indian Life Insurance - Sales Force, 2014-2019
Figure 130: Indian Life Insurance - Bancassurance Value of Commissions (INR Billion), 2010-2014
Figure 131: Indian Life Insurance - Bancassurance Value of Commissions (INR Billion), 2014-2019
Figure 132: Indian Life Insurance - Bancassurance New Business Direct Written Premium (INR Billion), 2010-2014
Figure 133: Indian Life Insurance - Bancassurance New Business Direct Written Premium (INR Billion), 2014-2019
Figure 134: Indian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2010-2014
Figure 135: Indian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2014-2019
Figure 136: Indian Life Insurance - Number of Banking Entities, 2010-2014
Figure 137: Indian Life Insurance - Number of Banking Entities, 2014-2019
Figure 138: Indian Life Insurance - Agencies' Value of Commissions (INR Billion), 2010-2014

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