Page 31 - Life Insurance Today April 2018

SUMMARY OF INDIAN LIFE INSURANCE SECTOR (Conld.)

PARTICULARS Unit 2013-14 2014-15 2015-16 2016-17

On-line FY (` Crore) 302.83 418.06
Point of sale FY (Rs. Crore)
others if any FY (Rs. Crore) -1.13 -1.12
Total FY (Rs. Crore) 120156.02 113185.15 138748.17 175077.92
Referrals FY (Rs. Crore) 19.64 7.98 14.61 25.83

Channel Wise-New Business -
No. of Lives Covered
(Individual plus Group)
Individual agents FY In Lakhs 484.37 285.89 248.01 237.03
Corporate agents-Banks FY In Lakhs 56.10 69.00 85.16 57.77
Corporate agents-Others FY In Lakhs 53.23 344.16 288.74 69.96
Brokers FY In Lakhs 41.09 57.94 87.62 141.36
Direct selling FY In Lakhs 713.68 725.22 1270.20 1546.75
Common Service Centres(CSCs) FY In Lakhs 0.02 0.08 0.06
MI Agents FY In Lakhs 5.08 5.49 6.86
Web Aggregators FY in Lakhs 0.00 0.19
IMF FY in Lakhs 0.00 0.03
Online FY in Lakhs 2.05 2.60
others if any FY in Lakhs 0.01 0.00
Total FY In Lakhs 1348.47 1487.31 1987.36 2062.61
Referrals FY In Lakhs 0.13 0.09 0.11 0.15

Region Wise distribution
of Offices
Metro As on 31st March Nos. 1048 1083 1667 2425
Urban As on 31st March Nos. 2543 2489 3525 3136
Semi-urban As on 31st March Nos. 5381 4803
Rural As on 31st March Nos. 498 590
Unclassified As on 31st March Nos. 7441 7461
Total As on 31st March Nos. 11032 11033 11071 10954

Assets Under Management
Life Fund As on 31st March (Rs. Crore) 1288224.97 1495309.14 1697452.94 1907952.88
Pension & General Annuity & As on 31st March (Rs. Crore) 337579.44 389472.57 464203.35 566399.18
Group fund
Unit ULIP Fund As on 31st March (Rs. Crore) 331661.16 362740.47 340412.00 379841.04
Total Fund As on 31st March (Rs. Crore) 1957465.57 2247522.18 2502068.29 2854193.10
Profit /Loss after tax As on 31st March (Rs. Lakh) 758783 761131 741543 772789
Equity Capital As on 31st March (Rs. Crore) 25938.51 26239.55 26691.46 26956.94

REDRESSEL OF CONSUMER
GRIEVANCES
No of grievances reported FY Nos. 374620 278992 204701 120847
during the year
No. of complaints reported with
the Ombudsmen at difference
centres FY Nos. 17512 14339 17257 16744
Courtesy : Handbook on Indian Insurance Statistics 2016-17

Life Insurance Today April 2018 31