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LIFE INSURANCE PREMIUM REPORT AS ON 2013-14
LIFE INSURANCE PREMIUM REPORT AS ON 2013-14
Jun 24, 2015 | 661 VIEWS
The below table shows life insurance premium report, starting from year 2000-01 till 2013-14, across 23 private players and Life Insurance Corporation of India (LIC) at a glance.
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:
  1. ICICI Prudential Life Insurance – Rs.12,428.65 crores 
  2. HDFC Standard Life Insurance – Rs.12,062.90 crores
  3. SBI Life Insurance – Rs.10,738.60 crores
  4. Max Life Insurance – Rs.7,278.54 crores
  5. 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

Manoj Aswani
Manoj is the co-founder and COO of MyInsuranceClub. He has experience in Financial Services, Internet, Insurance and Outsourcing business. He has done his Post Graduation from XLRI, Jamshedpur.

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