Page 22 - Life Insurance Today March 2018

PREMIUM UNDERWRITTEN : LIFE FIRST YEAR PREMIUM OF LIFE INSURERS
INSURERS
(Rs. crore)
Insurer 2015-16 2016-17
Regular premium (1)
LIC 23829.38 26301.03
(3.10) (10.37)
Private Sector 27053.01 33049.45
(13.18) (22.17)
Total 50882.40 59350.48
(8.23) (16.64)
Single premium (2)
LIC 74062.13 98282.28
(33.70) (32.70)
TOTAL PREMIUM OF LIFE INSURERS
Private Sector 13821.47 17569.92
(26.57) (27.12)
Total 87883.60 115852.20
(32.52) (31.82)
First Year Premium (3 =(1+2))
LIC 97891.51 124583.31
(24.69) (27.27)
Private Sector 40874.48 50619.37
(17.38) (23.84)
Total 138765.99 175202.68
(22.44) (26.26)
Renewal Premium (4)
LIC 168552.70 175904.05
(4.59) (4.36)
TOTAL PREMIUM OF LIFE INSURERS
Private Sector 59624.54 67369.89
(11.21) (12.99) FOR 5 YEARS
Total 228177.24 243273.94
(6.24) (6.62)
Total Premium (5 =(3+4)=(1+2+4))
LIC 266444.21 300487.36
(11.17) (12.78)
Private Sector 100499.02 117989.26
(13.64) (17.40)
Total 366943.23 418476.62
(11.84) (14.04)
Note: Figures in brackets indicate the growth (in percent)
over the previous year.

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22 March 2018 Life Insurance Today