Key notes:
LIC topped the premium collection, for the year 2013-14, the premium received was Rs.2, 36,942.80 crores. Among the private life insurers, below are the 5 companies that received the highest premium:
- ICICI Prudential Life Insurance – Rs.12,428.65 crores
- HDFC Standard Life Insurance – Rs.12,062.90 crores
- SBI Life Insurance – Rs.10,738.60 crores
- Max Life Insurance – Rs.7,278.54 crores
- Bajaj Allianz Life Insurance - Rs.5,843.14 crores
LIFE INSURANCE PREMIUM REPORT (premium in Rs. crore)
|
INSURER |
2000-01 |
2001-02 |
2002-03 |
2003-04 |
2004-05 |
2005-06 |
2006-07 |
2007-08 |
2008-09 |
2009-10 |
2010-11 |
2011-12 |
2012-13 |
2013-14 |
|
Aegon Religare |
– |
– |
– |
– |
– |
– |
– |
– |
31.21 |
165.65 |
388.61 |
457.32 |
430.5 |
452.07 |
|
Aviva |
– |
– |
13.47 |
81.5 |
253.42 |
600.27 |
1147.23 |
1891.88 |
1992.87 |
2378.01 |
2345.17 |
2415.87 |
2140.67 |
1878.1 |
|
Bajaj Allianz |
– |
7.14 |
69.17 |
220.8 |
1001.68 |
3133.58 |
5345.24 |
9725.31 |
10624.5 |
11419.71 |
9609.95 |
7483.8 |
6892.7 |
5843.14 |
|
Bharti AXA |
– |
– |
– |
– |
– |
– |
7.78 |
118.41 |
360.41 |
669.73 |
792.02 |
774.16 |
744.52 |
872.65 |
|
Birla Sun life |
0.32 |
28.26 |
143.92 |
537.54 |
915.47 |
1259.68 |
1776.71 |
3272.19 |
4571.8 |
5505.66 |
5677.07 |
5885.36 |
5216.3 |
4833.05 |
|
Canara HSBC |
– |
– |
– |
– |
– |
– |
– |
– |
296.41 |
842.45 |
1531.86 |
1861.08 |
1912.15 |
1805.88 |
|
DHFL Pramerica |
– |
– |
– |
– |
– |
– |
– |
– |
3.37 |
38.44 |
95.04 |
167.01 |
236.79 |
305.86 |
|
Edelweiss Tokio |
– |
– |
– |
– |
– |
– |
– |
– |
– |
– |
– |
10.88 |
54.83 |
110.9 |
|
Exide Life |
– |
4.19 |
21.16 |
88.51 |
338.86 |
425.38 |
707.2 |
1158.87 |
1442.28 |
1642.65 |
1708.95 |
1679.98 |
1742.36 |
1830.67 |
|
Future Generali |
– |
– |
– |
– |
– |
– |
– |
2.49 |
152.6 |
541.51 |
726.16 |
779.58 |
678.29 |
634.16 |
|
HDFC Standard |
0.002 |
33.46 |
148.83 |
297.76 |
686.63 |
1569.91 |
2855.87 |
4858.56 |
5564.69 |
7005.1 |
9004.17 |
10202.4 |
11322.68 |
12062.9 |
|
ICICI Prudential |
5.97 |
116.38 |
417.62 |
989.28 |
2363.82 |
4261.05 |
7912.99 |
13561.1 |
15356.2 |
16528.75 |
17880.6 |
14021.58 |
13538.24 |
12428.7 |
|
IDBI Federal |
– |
– |
– |
– |
– |
– |
– |
11.9 |
318.97 |
571.12 |
811 |
736.7 |
804.68 |
826.25 |
|
India First |
– |
– |
– |
– |
– |
– |
– |
– |
– |
201.6 |
798.43 |
1297.93 |
1690.08 |
2143.36 |
|
Kotak Mahindra |
– |
7.58 |
40.32 |
150.72 |
466.16 |
621.85 |
971.51 |
1691.14 |
2343.19 |
2868.05 |
2975.51 |
2937.43 |
2777.78 |
2700.79 |
|
Max Life |
0.16 |
38.95 |
96.59 |
215.25 |
413.43 |
788.13 |
1500.28 |
2714.6 |
3857.26 |
4860.54 |
5812.63 |
6390.53 |
6638.7 |
7278.54 |
|
PNB MetLife |
– |
0.48 |
7.91 |
28.73 |
81.53 |
205.99 |
492.71 |
1159.54 |
1996.64 |
2536.01 |
2508.17 |
2677.5 |
2429.52 |
2240.59 |
|
Reliance |
– |
0.28 |
6.47 |
31.06 |
106.55 |
224.21 |
1004.66 |
3225.44 |
4932.54 |
6604.9 |
6571.15 |
5497.62 |
4045.39 |
4283.4 |
|
Sahara |
– |
– |
– |
– |
1.74 |
27.66 |
51 |
143.49 |
206.47 |
250.59 |
243.41 |
225.95 |
205.38 |
204.63 |
|
SBI Life |
– |
14.69 |
72.39 |
225.67 |
601.18 |
1075.32 |
2928.49 |
5622.14 |
7212.1 |
10104.03 |
12945.3 |
13133.74 |
10450.03 |
10738.6 |
|
Shriram Life |
– |
– |
– |
– |
– |
10.33 |
184.16 |
358.05 |
436.17 |
611.27 |
821.52 |
644.16 |
618.07 |
594.24 |
|
Star Union Dai-ichi |
– |
– |
– |
– |
– |
– |
– |
– |
50.19 |
530.37 |
933.31 |
1271.95 |
1068.8 |
948.75 |
|
Tata AIA |
– |
21.14 |
81.21 |
253.53 |
497.04 |
880.19 |
1367.18 |
2046.35 |
2747.5 |
3493.78 |
3985.22 |
3630.3 |
2760.43 |
2323.7 |
|
Private Total |
6.45 |
272.55 |
1119.1 |
3120.3 |
7727.5 |
15084 |
28253 |
51561 |
64497 |
79370 |
88165 |
84182.8 |
78398.9 |
77341 |
|
-4124.3 |
-310.59 |
-178.83 |
-147.65 |
-95.19 |
-87.31 |
-82.5 |
-25.09 |
-23.06 |
-11.08 |
(-4.52) |
(-6.87) |
(-1.35) |
||
|
LIC |
34892 |
49821.9 |
54628.49 |
63533.43 |
75127.3 |
90792.2 |
127823 |
149790 |
157288 |
186077.3 |
203473 |
202889.3 |
208803.6 |
236942 |
|
-42.79 |
-9.65 |
-16.3 |
-18.25 |
-20.85 |
-40.79 |
-17.19 |
-5.01 |
-18.3 |
-9.35 |
(-0.29) |
-2.92 |
-13.48 |
||
|
Industry Total |
34898 |
50094 |
55748 |
66654 |
82855 |
105876 |
156076 |
201351 |
221785 |
265447 |
291639 |
287072 |
287202 |
314283 |
|
-43.54 |
-11.28 |
-19.56 |
-24.31 |
-27.78 |
-47.41 |
-29.01 |
-10.15 |
-19.69 |
-9.87 |
(-1.57) |
-0.05 |
-9.43 |
Note –
1. Figures in the brackets represent the growth over the previous year in percent
2. – represents business not started