HANDBOOK ON INDIAN INSURANCE STATISTICS 2014-15 · PDF fileon indian insurance statistics...

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HANDBOOK ON INDIAN INSURANCE STATISTICS 2014-15 INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA Head Office rd 3 Floor, Parishram Bhavan Basheerbagh, Hyderabad - 500 004 INDIA Phone : +91-40-2338 1100 / 1300 Fax : +91-40-6682 3334 Delhi Office st Gate No.3, 1 Floor, Jeevan Tara Parliament Street, New Delhi - 110 001 INDIA Phone : +91-11-2374 7648 Fax : +91-11-2374 7650 Website:www.irda.gov.in E-mail: [email protected]

Transcript of HANDBOOK ON INDIAN INSURANCE STATISTICS 2014-15 · PDF fileon indian insurance statistics...

  • HANDBOOKON

    INDIAN INSURANCE STATISTICS2014-15

    INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA

    Head Officerd3 Floor, Parishram Bhavan

    Basheerbagh, Hyderabad - 500 004INDIAPhone : +91-40-2338 1100 / 1300Fax : +91-40-6682 3334

    Delhi Officest Gate No.3, 1 Floor, Jeevan Tara

    Parliament Street, New Delhi - 110 001INDIA

    Phone : +91-11-2374 7648Fax : +91-11-2374 7650

    Website:www.irda.gov.inE-mail: [email protected]

  • MISSION STATEMENT

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

    To bring about speedy and orderly growth of the insurance industry (including annuity

    and superannuation payments), for the benefit of the common man, and to provide long

    term funds for accelerating growth of the economy;

    To set, promote, monitor and enforce high standards of integrity, financial soundness,

    fair dealing and competence of those it regulates;

    To ensure speedy settlement of genuine claims, to prevent insurance frauds and other

    malpractices and put in place effective grievance redressal machinery;

    To promote fairness, transparency and orderly conduct in financial markets dealing with

    insurance and build a reliable management information system to 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 of the industry

    consistent with the requirements of prudential regulation.

  • SUMMARY

    A Summary of Indian Life Insurance Sector 3-4

    A1 Summary of Indian Life Insurance Sector (2013-14 & 2014-15) 5

    B Summary of Indian Non-Life Insurance Sector 6

    B1 Summary of Indian Non-Life Insurance Sector (2013-14 & 2014-15) 7

    C International Comparison of Insurance Penetration 8-10

    D International Comparison of Insurance Density 11-13

    CHARTS

    Life Insurance

    1 Number of Insurers 17

    2 Region Wise Distribution of Of?ces 17

    3 Number of New Policies Issued 18

    4 Total Life Insurance Premium 18

    5 Channel Wise New Business Premium (Individual + Group) 19

    6 Equity Share Capital 19

    7 Assets Under Management 20

    8 Pro?tability of Sector 20

    Non-Life Insurance

    9 Number of Insurers 21

    10 Number of Policies Issued 21

    11 Gross Direct Premium 22

    12 Segment Wise Net Premium Income Earned 22

    13 Equity Share Capital 23

    14 Assets Under Management 23

    15 Pro?tability of Sector 24

    16 Incurred Claim Ratio 24

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    HANDBOOK ON INDIAN INSURANCE STATISTICS 2014-15

    CONTENTS

    ParticularsSl.No.

    PageNo.

  • ii

    HANDBOOK ON INDIAN INSURANCE STATISTICS 2014-15

    TABLES

    PART - ILIFE INSURANCE

    1 Life Insurance Companies Operating in India 27

    2 First Year Life Insurance Premium 28

    3 Total Life Insurance Premium 29

    4 Individual New Business Performance of Life Insurers - Channel Wise 30

    5 Group New Business Performance of Life Insurers - Channel Wise 31-32

    6 State Wise Individual New Business Underwritten 33-34

    7 State Wise Group New Business Underwritten 35-36

    8 Number of New Policies Issued 37

    9 Individual Business (Within India) - Business in Force (Number of Policies) 38-58

    10 Individual Business (Within India) - Business in Force (Sum Assured) 59-79

    11 Linked and Non - Linked Premium of Life Insurers 80-87

    12 Linked and Non - Linked Commission of Life Insurers 88-90

    13 Individual Death Claims 91

    14 Group Death Claims 92

    15 Duration Wise Settlement of Death Claims - Individual Category 93-105

    16 Duration Wise Settlement of Death Claims - Group Category 106-118

    17 Assets Under Management of Life Insurers 119

    18 Equity Share Capital of Life Insurers 120

    19 Solvency Ratio of Life Insurers 121-124

    20 Life Insurers - Policyholders Account 125-146

    20A Life Insurers - Policyholders Account (2013-14 & 2014-15) 147-151

    21 Life Insurers - Shareholders Account 152-173

    21A Life Insurers - Shareholders Account (2013-14 & 2014-15) 174-177

    22 Life Insurers - Balance Sheet 178-199

    22 A Life Insurers - Balance Sheet (2013-14 & 2014-15) 200-203

    23 Life Insurance Corporation of India - Policyholders Account (Non-Participating) 204

    24 Life Insurance Corporation of India - Shareholders Account (Non-Participating) 205

    25 Life Insurance Corporation of India - Balance Sheet (Non-Participating) 206

    26 Individual Business - Details of Forfeiture/Lapsed Policies in Respect of Non-Linked Business 207-209

    27 Persistency of Life Insurance Policies 210-211

    ParticularsSl.No.

    PageNo.

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    HANDBOOK ON INDIAN INSURANCE STATISTICS 2014-15

    ParticularsSl.No.

    28 Number of Individual Agents of Life Insurers 212

    29 Number of Corporate Agents of Life Insurers 213

    30 Average Number of Policies Sold by Individual and Corporate Agents 214

    31 Average New Business Premium for Individual and Corporate Agents 215

    32 Average Premium Per Policy for Individual and Corporate Agents 216

    33 State Wise Distribution of Of?ces of Life Insurers 217-229

    34 Region Wise Distribution of Of?ces of Life Insurers 230-231

    35 State Wise Distribution of Individual Agents 232-244

    36 New Business Under Micro Insurance Portfolio 245-246

    37 Death Claims Under Micro Insurance Portfolio - Individual Category 247-252

    38 Death Claims Under Micro Insurance Portfolio - Group Category 253-256

    39 Duration Wise Settlement of Claims- Micro Insurance - Individual Category 257-262

    40 Duration Wise Settlement of Claims- Micro Insurance Claims - Group Category 263-267

    41 Company Wise Number of Micro-Insurance Agents 268

    42 Status of Grievances - Life Insurance 269-270

    43 Performance of Ombudsmen at Different Centers - Life Insurance 271-274

    PART IINON-LIFE INSURANCE

    44 Non-Life Insurance Companies Operating in India 277

    45 Gross Direct Premium of Non-Life Insurance (Within & Outside India) 278-279

    46 Segment Wise Gross Direct Premium of Non-Life Insurers (Within India) 280-285

    47 Segment Wise Net Premium Income in India (Earned) 286-291

    48 Channel Wise Gross Direct Premium of Non Life Insurers 292-295

    49 State Wise Gross Direct Premium Income 296-302

    50 Number of New Policies Issued: Non-Life Insurers 303

    51 Net Retentions of Non Life Insurers 303

    52 Incurred Claims Ratio - Public & Private Sector Non-Life Insurers 304-315

    53 Underwriting Experience and Pro?ts of Public Sector Companies 316-320

    53A Underwriting Experience and Pro?ts of Public Sector Companies (2013-14 & 2014-15) 321

    54 Underwriting Experience and Pro?ts of Private Sector Companies 322-335

    54 A Underwriting Experience and Pro?ts of Private Sector Companies (2013-14 & 2014-15) 336-338

    55 Underwriting experience - GIC 339

    56 Assets Under Management of Non-Life Insurers 340

    PageNo.

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    HANDBOOK ON INDIAN INSURANCE STATISTICS 2014-15

    57 Equity Share Capital of Non-Life Insurers 341

    58 Solvency Ratio of Non-Life Insurers 342-344

    59 Public Sector Non-Life Insurers - Policyholders Account 345-361

    59A Public Sector Non-Life Insurers - Policyholders Account (2013-14 & 2014-15) 362-363

    60 Public Sector Non Life Insurers - Shareholders Account 364-368

    60A Public Sector Non Life Insurers - Shareholders Account (2013-14 & 2014-15) 369

    61 Public Sector Non-Life Insurers - Balance Sheet 370-374

    61 A Public Sector Non-Life Insurers - Balance Sheet (2013-14 & 2014-15) 375

    62 Private Sector Non-Life Insurers - Policyholders Account 376-427

    62A Private Sector Non-Life Insurers - Policyholders Account (2013-14 & 2014-15) 428-436

    63 Private Sector Non-Life Insurers - Shareholders Account 437-450

    63A Private Sector Non-Life Insurers - Shareholders Account (2013-14 & 2014-15) 451-453

    64 Private Sector Non-Life Insurers - Balance Sheet 454-467

    64A Private Sector Non-Life Insurers - Balance Sheet (2013-14 & 2014-15) 468-469

    65 Export Credit Guarantee Corporation Ltd. (ECGC) - Policyholders Account 470

    65A Export Credit Guarantee Corporation Ltd. (ECGC) - Policyholders Account (2013-14 & 2014-15) 471

    66 Export Credit Guarantee Corporation Ltd. (ECGC) - Shareholders Account 472

    66A Export Credit Guarantee Corporation Ltd. (ECGC) - Shareholders Account (2013-14 & 2014-15) 473

    67 Export Credit Guarantee Corporation Ltd. (ECGC) Balance Sheet 474

    67A Export Credit Guarantee Corporation Ltd. (ECGC) Balance Sheet (2013-14 & 2014-15) 475

    68 Agriculture Insurance Company of India Ltd. (AIC) - Policyholders Account 476

    68A Agriculture Insurance Company of India Ltd. (AIC) - Policyholders Account (2013-14 & 2014-15) 477

    69 Agriculture Insurance Company of India Ltd. (AIC) - Shareholders Account 478

    69A Agriculture Insurance Company of India Ltd. (AIC) - Shareholders Account (2013-14 & 2014-15) 479

    70 Agriculture Insurance Company of India Ltd. (AIC) Balance Sheet 480

    70A Agriculture Insurance Company of India Ltd. (AIC) Balance Sheet (2013-14 & 2014-15) 481

    71 General Insurance Corporation (GIC) - Policyholders Account 482

    71A General Insurance Corporation (GIC) - Policyholders Account (2013-14 & 2014-15) 483

    72 General Insurance Corporation (GIC) - Shareholders Account 484

    72A General Insurance Corporation (GIC) - Shareholders Account (2013-14 & 2014-15) 485