Page 55 - Insurance Times March 2017 Sample

Statistics

PREMIUM UNDERWRITTEN: LIFE INSURERS

(Rs crore) REGISTERED INSURERS IN INDIA

Insurer 2014-15 2015-16 (As on 31th March, 2016)
Regular premium (1) Type of Insurer Public Private Total
LIC 23112.20 23829.38 Sector Sector
(-27.56) (3.10) Life 1 23 24
Private Sector 23901.76 27149.32
General 6 18 24
(16.61) (13.59)
Health 0 5 5
Total 47013.96 50978.70
(-10.28) (8.43) Reinsurance 1 0 1
Single premium (2) Total 8 46 54
LIC 55395.51 74062.13
MARKET SHARE: LIFE INSURERS
(-5.96) (33.70)
Insurer 2014-15 2015-16
Private Sector 10920.05 13821.47
(20.08) (26.57) Regular Premium (1)
Total 66315.56 87883.60 LIC 49.16 46.74
(-2.37) (32.52)
Private Sector 50.84 53.26
First Year Premium (3 =(1+2))
Total 100.00 100.00
LIC 78507.71 97891.51
(-13.55) (24.69) Single Premium (2)
Private Sector 34821.81 40970.79 LIC 83.53 84.27
(17.97) (17.66) Private Sector 16.47 15.73
Total 113329.52 138862.30
Total 100.00 100.00
(-5.81) (22.53)
First Year Premium (3 =(1+2))
Renewal Premium (4)
LIC 161159.94 168552.70 LIC 69.27 70.50
(10.28) (4.59) Private Sector 30.73 29.50
Private Sector 53612.54 59528.23 Total 100.00 100.00
(12.06) (11.03)
Renewal Premium (4)
Total 214772.48 228080.93
(10.72) (6.20) LIC 75.04 73.90
Total Premium (5 =(3+4)=(1+2+4)) Private Sector 24.96 26.10
LIC 239667.65 266444.21 Total 100.00 100.00
(1.15) (11.17)
Total Premium (5 =(3+4)=(1+2+4))
Private Sector 88434.35 100499.02
LIC 73.05 72.61
(14.32) (13.64)
Total 328102.00 366943.23 Private Sector 26.95 27.39
(4.39) (11.84) Total 100.00 100.00

The Insurance Times, March 2017 55

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