Page 133 - Insurance Statistics 2021
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HANDBOOK ON INDIAN INSURANCE STATISTICS 2019-20
TABLE 26: INDIVIDUAL BUSINESS (WITHIN INDIA)(EXCLUDING VIP) -
DETAILS OF FORFEITURE / LAPSED POLICIES IN RESPECT OF NON-LINKED BUSINESS (Contd... 26)
Insurers Sum Assured (r Crore)
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20
Aditya Birla Sun Life 13011.20 10547.70 8084.77 675.11 947.65 1273.28 13708.59
Aegon 3664.97 3647.30 3689.45 4468.22 6456.69 9168.43 9222.57
AVIVA Life 7430.16 6237.49 6317.98 4728.22 3557.97 2954.95 2594.59
Bajaj Allianz 56322.18 21070.98 5359.76 3781.02 3376.43 3077.35 3940.27
Bharti AXA 2377.34 3124.25 2141.31 2854.56 3116.98 3584.30 6442.08
Canara HSBC 608.91 677.38 657.72 400.78 820.72 2354.64 4023.15
Edelweiss Tokio 7358.63 10413.72 1493.78 1425.84 1302.51 1930.84 3737.40
Exide Life 3229.87 3845.07 3720.32 2862.33 3154.76 3288.42 4729.16
Future Generali 2697.13 2711.13 1575.83 1453.54 1676.02 3278.50 4140.50
HDFC 8738.66 16212.04 18378.01 25720.57 34307.65 41302.80 47568.07
ICICI Prudential 11428.60 11743.82 13211.75 24527.58 34299.84 57820.66 76178.26
IDBI Federal 2311.03 2253.54 1557.58 2014.28 2773.41 2717.98 3075.47
IndiaFirst 527.87 890.57 828.34 710.51 966.85 1501.64 1588.61
Kotak Mahindra 4846.81 4837.18 4678.58 3842.74 4913.52 5708.96 6447.87
Max Life 9280.04 9607.26 11801.65 10418.95 19959.55 31253.62 47917.49
PNB Metlife 3628.22 4328.41 5001.65 5142.89 6752.94 9222.11 10130.45
Pramerica 1209.08 1028.54 754.65 1319.02 1176.95 1499.00 1982.44
Reliance Nippon 7241.85 5778.67 5078.17 7573.35 4404.76 3159.77 3534.17
Sahara 697.72 406.42 5478.68 87.42 86.51 35.13 10.41
SBI Life 10326.41 12290.15 16916.86 20209.87 17369.96 18255.65 21804.93
Shriram 4427.58 3895.40 4738.39 4092.32 3258.06 3404.75 5418.64
Star Union Dai-ichi 906.35 1280.01 1614.85 1991.33 3541.57 3500.05 4023.15
TATA AIA 4368.08 2250.28 1517.35 3406.90 6598.59 7325.43 15402.25
LIC 202127.13 342174.22 302715.37 546590.38 339122.75 362703.50 473944.21
A policy is treated as lapsed if the premium is not paid within the grace period (generally ranging from 15 to 30 days)
Lapse Ratio during the year = Lapses (including forfeitures) during the year/Arithmetic Mean of the business inforce at the
beginning and at the end of the year
Source of Data: Actuarial Report and Abstract for various years
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