Page 7 - WOW Magazine Dec22_V04
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Life Insurance Industry Update
Life Insurance Industry – Player-wise
YTD INR Cr. Total New Business - YTD Nov'22 Retail EPI - YTD Nov'22 Group Premium - YTD Nov'22
YTD YoY Rank on Rank on YTD Retail YoY Rank on Rank on YTD Group YoY Rank on Rank on
# Name
Total NB Growth Growth Premium EPI Growth Growth Premium Premium Growth Growth Premium
LIC of India 1,64,143 43% 20,049 13% 1,30,758 56%
1 SBI Life 17,695 12% 11 1 8,611 20% 11 1 5,726 -14% 17 2
2 HDFC Life 15,696 10% 13 2 5,261 13% 13 2 8,164 10% 13 1
3 ICICI Pruden�al Life 9,832 11% 12 3 3,471 -4% 20 3 4,845 42% 8 3
4 Bajaj Allianz Life 6,512 38% 7 4 2,690 43% 2 6 3,507 29% 12 4
5 Aditya Birla Sun Life 4,626 42% 6 5 1,500 28% 6 7 2,845 45% 7 5
6 Max Life 4,607 8% 15 6 2,900 1% 19 5 496 1% 15 11
7 Tata AIA Life 4,189 58% 4 7 3,440 56% 1 4 295 90% 4 12
8 Kotak Mahindra Life 4,013 28% 8 8 1,146 20% 12 8 2,195 38% 10 6
9 Star Union Dai-ichi Life 2,011 82% 2 9 792 40% 3 12 1,148 154% 2 7
10 PNB MetLife 1,791 43% 5 10 1,141 37% 4 9 585 73% 6 10
11 IndiaFirst Life 1,718 6% 16 11 998 36% 5 10 683 -20% 18 8
12 Canara HSBC Life 1,552 -8% 20 12 815 20% 10 11 603 -23% 19 9
14 Reliance Nippon Life 643 -2% 19 14 562 10% 15 13 64 -46% 20 18
13 Shriram Life 643 26% 9 13 339 24% 8 16 282 42% 9 13
15 Bhar� Axa Life 562 10% 14 15 409 8% 16 14 137 37% 11 17
17 Exide Life 436 -26% 21 17 341 -12% 21 15 46 -56% 21 20
16 Ageas Federal Life 513 15% 10 16 261 23% 9 17 142 76% 5 16
18 Future Generali Life 400 65% 3 18 161 12% 14 19 234 146% 3 15
19 Pramerica Life 353 107% 1 19 92 27% 7 21 257 170% 1 14
20 Edelweiss Tokio Life 251 3% 18 20 221 5% 17 18 19 -1% 16 21
21 Aviva Life 165 5% 17 21 98 3% 18 20 59 8% 14 19
22 Aegon Life 3 -80% 22 22 1 -94% 22 22 2 -59% 22 22
Industry Update – YTD Nov’22
- Overall Industry grew at 34% on Total New Business
• 17% growth in Retail EPI and 46% growth in Group Premium
- Private Industry grew at 18% on Total New Business
• 19% growth in Retail EPI and 17% growth in Group Premium
- SUD Life grew at 82% on Total New Business
• 40% growth in Retail EPI and 154% growth in Group Premium
• Ranking
Total New Business: by Growth – 2nd and by Premium: 9th
Retail EPI: by Growth – 3rd and by Premium: 12th
Group Premium: by Growth – 2nd and by Premium: 7th
• Market Share in Private Industry
Total New Business: 2.57% (1.67% YTD Nov’21)
Retail EPI: 2.25% (1.92 % YTD Nov’21)
Group Premium: 3.55% (1.64% YTD Nov’21)
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