Page 45 - Insurance Times March 2023

10.24 per cent with increase in premium from ?0.91 lakh pension and variable segment recorded growth of 10.70 per
crore in 2020-21 to Rs. 1.00 lakh crore in 2021-22. The share cent, 13.38 per cent and 34.66 per cent respectively while
of unit-linked products in total premium was 14.48 per cent. annuity and health segment witnessed decline of 11.83 per
cent and 2.68 per cent respectively during 2021-22.
Life insurance segment constitutes 77 per cent of total life
insurance premium followed by pension and annuity Segment-wise life insurance premium details are provided
segments together about 22 per cent in 2021-22. Life, in Statement 4 and Statement 5.

Segment-wise Premium Underwritten by Life Insurers

(Rs. crore)
Segment Linked Premium Non-Linked Premium Total Premium
2020-21 2021-22 2020-21 2021-22 2020-21 2021-22
Annuity --- --- 31,594.43 27,855.71 31,594.43 27,855.71
Health 185.22 163.64 634.43 634.04 819.65 797.68
Life 82,150.38 88,625.45 4,00,526.24 4,45,678.26 4,82,676.61 5,34,303.71
Pension 8,671.04 11,537.61 1,01,158.54 1,12,987.92 1,09,829.58 1,24,525.52
Variable --- --- 3,810.77 5,131.51 3,810.77 5,131.51
Total 91,006.64 1,00,326.69 5,37,724.41 5,92,287.45 6,28,731.04 6,92,614.14

38 March 2023 The Insurance Times