Page 135 - Insurance Statistics 2021

HANDBOOK ON INDIAN INSURANCE STATISTICS 2019-20

(in percent) 61* 49* 27.00 32.00 31.00 58.00 37.50 41.91 24.34 29.80 24.52 35.79 34.54 39.29 25.96 28.28 31.13 37.36 20.46 23.03 50.00 53.00 49.12 53.87 51.62 45.93 35.78 48.20 45.00 53.00 46.00 49.00 24.45 32.68 22.18 19.58 31.40 36.00 32.38 42.82 37.19 39.50 24.53 22.37 22.50 28.89 33.22 35.35 44.00 45.00

2016-17 37* 37.00 63.00 43.90 35.89 45.89 43.99 36.24 43.34 29.53 58.00 61.77 54.46 44.70 59.00 55.00 40.69 33.12 40.10 51.69 55.46 28.03 35.45 41.85 56.00
TABLE 27: PERSISTENCY OF LIFE INSURANCE POLICIES (BASED ON NUMBER OF POLICIES)

25* 49.00 55.00 56.64 44.70 47.83 53.81 55.13 52.31 32.27 65.00 71.33 56.30 51.59 68.00 67.00 52.43 46.88 46.90 66.85 58.03 30.64 42.30 49.58 56.00

13* 56.00 65.00 70.87 59.56 58.19 68.97 69.16 58.68 51.31 67.00 80.58 62.41 65.56 79.00 77.00 69.31 64.76 60.30 74.84 68.81 44.42 60.45 56.58 64.00

61* 28.00 27.31 31.53 14.86 16.53 31.04 NA 30.10 16.61 41.36 35.20 58.11 26.01 37.39 37.00 17.10 15.66 16.17 40.05 23.44 28.03 21.40 24.02 44.00

49* 31.00 39.83 41.51 28.16 27.68 41.43 28.86 36.40 23.44 56.43 55.30 53.91 48.86 51.20 49.00 28.20 21.00 36.13 50.59 42.52 29.05 29.76 36.09 47.00

2015-16 37* 34.00 60.54 44.26 33.40 33.39 40.70 30.65 42.90 29.20 55.17 56.40 49.12 50.61 55.94 53.00 35.80 18.80 39.09 56.95 49.96 25.24 33.63 37.91 48.00

25* 42.00 66.78 47.83 42.18 42.46 47.06 40.98 52.30 31.59 61.28 66.40 58.93 49.70 63.87 62.00 46.30 34.71 44.86 67.32 59.31 33.39 44.21 45.83 60.00

13* 54.00 62.07 62.49 53.95 49.73 59.25 63.92 58.80 35.23 71.33 78.70 61.89 60.53 76.82 74.00 63.30 50.08 55.80 75.21 69.25 47.19 52.89 56.84 63.00

61* 19.00 20.00 18.10 6.88 33.30 36.96 NA 29.00 8.88 31.78 16.70 54.47 37.30 25.75 23.00 14.00 10.16 6.42 22.09 16.00 7.00 19.01 16.39 44.00

49* 38.00 40.00 39.00 19.61 35.70 43.71 NA 35.00 20.44 56.23 42.80 71.29 46.20 42.77 38.00 24.00 22.66 22.51 41.28 37.00 31.00 30.18 27.68 47.00

2014-15 37* 38.00 43.00 44.60 32.66 38.90 43.91 31.80 42.00 26.15 58.44 57.80 70.18 51.60 54.74 54.00 31.00 24.91 38.96 46.20 51.00 30.00 33.24 38.56 49.00

25* 39.00 65.00 49.70 39.76 46.50 44.97 34.40 52.00 32.03 59.33 60.60 65.32 55.40 61.41 67.00 41.00 27.34 43.20 45.51 57.00 29.00 36.11 41.64 51.00

13* 50.00 73.00 56.50 52.72 52.10 53.47 49.50 59.00 38.73 68.19 73.40 70.07 60.10 71.79 78.00 58.00 43.21 54.48 62.62 69.00 45.00 48.84 51.43 66.00

61* 44.38 15.05 11.90 3.98 30.22 80.50 NA 23.80 14.69 24.87 10.70 43.22 NA 14.12 23.00 13.41 NA 7.33 38.88 11.43 80.63 47.43 16.06 44.00 Persistency rate is calculated as per circular ref: IRDA/ACT/CIR/Misc./035/01/2014 dated 23.01.2014

49* 41.73 35.61 27.40 10.38 32.86 83.50 NA 36.30 18.10 44.01 23.70 66.43 51.59 31.92 38.00 NA 17.19 11.28 49.47 25.22 76.19 48.01 21.06 49.00 Note: * Persisitency ratio for 13th, 25th, 37th, 49th and 61st months. NA: Not available

2013-14 37* 48.44 43.94 43.10 26.41 37.65 72.70 NA 42.30 25.01 55.68 47.40 73.83 50.15 49.43 53.00 28.03 24.70 24.53 59.33 48.52 35.02 35.13 31.03 53.00

25* 42.55 47.07 49.20 48.53 47.51 82.70 36.80 48.20 33.20 65.50 62.50 72.06 57.17 61.69 66.00 36.55 33.08 40.88 71.46 59.28 82.41 39.16 43.52 56.00

13* 43.37 69.74 56.10 61.57 54.28 58.20 41.60 55.90 42.44 67.61 66.20 70.70 65.29 70.90 76.00 50.24 40.62 51.59 76.22 67.98 48.93 43.45 46.85 59.00

Aditya Birla Sunlife Edelweiss Tokio Future Generali ICICI Prudential Kotak Mahindra Reliance Nippon Star Union Dai-ichi

Insurer Aegon Aviva Bajaj Allianz Bharti AXA Canara HSBC Exide Life HDFC IDBI Federal IndiaFirst Max Life PNB Metlife Pramerica Sahara India SBI Life * Shriram Tata AIA LIC of India

133