Page 43 - Life Insurance Today July - December 2020

S. Segment Item LIC Private Sector Total
No. 2018-19 2019-20 2018-19 2019-20 2018-19 2019-20
3. New Business Premium (Rs. crore) 1,42,335.96 1,78,276.24 72,667.08 80,986.14 2,15,003.04 2,59,262.38
Premium (1+2) Growth (%) 5.69 25.25 22.17 11.45 10.74 20.59
Market share (%) 66.20 68.76 33.80 31.24 100 100
4. Renewal Premium (Rs. crore) 1,95,169.11 2,01,113.36 97,959.88 1,12,534.45 2,93,129.00 3,13,647.81
Premium Growth (%) 6.33 3.05 20.78 14.88 10.76 7.00
Market share (%) 66.58 64.12 33.42 35.88 100 100
5. Total Premium Premium (Rs. crore) 3,37,505.07 3,79,389.60 1,70,626.96 1,93,520.59 5,08,132.03 5,72,910.19
(3+4) = (6+7) Growth (%) 6.06 12.41 21.37 13.42 10.75 12.75
Market share (%) 66.42 66.22 33.58 33.78 100 100

Linked & Non-Linked Premium

6. Linked Premium Premium (Rs. crore) 813.50 761.58 75,338.67 82,288.08 76,152.17 83,049.66
Growth (%) -8.57 -6.38 17.79 9.22 17.43 9.06
Market share (%) 1.07 0.92 98.93 99.08 100 100
7. Non-Linked Premium (Rs. crore) 3,36,691.57 3,78,628.02 95,288.29 1,11,232.51 4,31,979.87 4,89,860.53
Premium Growth (%) 6.10 12.46 24.36 16.73 9.65 13.40
Market share (%) 77.94 77.29 22.06 22.71 100 100

Chart I.6: Chart I.7:
New Business Premium of Life Insurers Total Premium of Life Insurer

Chart I.8: Trend in Premium Underwritten by Life Insurers

Life Insurance Today July - December 2020 43