Page 38 - Insurance Statistics 2021

HANDBOOK ON INDIAN INSURANCE STATISTICS 2019-20

TABLE 9A: INDIVIDUAL BUSINESS IN FORCE (WITHIN INDIA) (NUMBER OF POLICIES)
(2016-17 TO 2019-20) (Policies in '000)
Particulars Max Life PNB MetLife
2016-17 2017-18 2018-19 2019-20 2016-17 2017-18 2018-19 2019-20
Non Linked Life Business
Business in force at start of the financial year 136.71 212.38 329.47 406.91 833.97 1021.57 1224.72 1435.02
Additions during the year* 106.47 160.79 138.14 152.74 282.08 311.04 333.14 307.18
Deletions during the year** 30.80 43.69 60.70 55.58 94.47 107.89 122.84 126.77
Business in force at end of the financial year (A) 212.38 329.47 406.91 504.08 1021.57 1224.72 1435.02 1615.44
Non Linked -General Annuity Business
Business in force at start of the financial year 0.00 0.00 0.00 0.01 0.93 1.42 1.93 2.77
Additions during the year* 0.01 0.00 0.01 0.03 0.51 0.54 0.86 2.25
Deletions during the year** 0.00 0.00 0.00 0.01 0.01 0.03 0.02 0.05
Business in force at end of the financial year (B) 0.00 0.00 0.01 0.04 1.42 1.93 2.77 4.96
Non Linked - Pension Business
Business in force at start of the financial year 2.41 7.37 11.89 16.49 4.43 4.02 3.80 3.69
Additions during the year* 5.47 5.75 6.05 4.26 0.23 0.23 0.32 0.43
Deletions during the year** 0.50 1.23 1.45 1.34 0.64 0.45 0.44 0.38
Business in force at end of the financial year (C) 7.37 11.89 16.49 19.42 4.02 3.80 3.69 3.73
Non linked Health Business
Business in force at start of the financial year 1.90 1.41 1.03 0.25 0.00 0.00 0.00
Additions during the year* 0.13 0.00 0.00 0.00 0.00 0.00 0.00
Deletions during the year** 0.61 0.39 0.78 0.16 0.00 0.00 0.00
Business in force at end of the financial year ( D) 1.41 1.03 0.25 0.09 0.00 0.00 0.00
Linked Business - Life business
Business in force at start of the financial year 244.92 213.32 199.20 210.84 359.54 337.62 324.17 299.51
Additions during the year* 15.92 20.36 39.30 41.59 24.62 35.52 23.03 17.63
Deletions during the year** 47.52 34.48 27.67 32.14 46.55 48.97 47.69 48.47
Business in force at end of the financial year (E) 213.32 199.20 210.84 220.29 337.62 324.17 299.51 268.67
Linked General annuity business
Business in force at start of the financial year 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additions during the year* 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deletions during the year** 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Business in force at end of the financial year ( F) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Linked Pension Business
Business in force at start of the financial year 8.79 6.67 5.64 5.16 20.20 16.37 12.89 9.66
Additions during the year* 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deletions during the year** 2.13 1.03 0.48 0.43 3.83 3.48 3.23 4.03
Business in force at end of the financial year (G) 6.67 5.64 5.16 4.73 16.37 12.89 9.66 5.63
Linked Health Business
Business in force at start of the financial year 5.78 4.60 4.03 3.59 0.00 0.00 0.00 0.00
Additions during the year* 0.08 0.02 0.01 0.00 0.00 0.00 0.00 0.00
Deletions during the year** 1.27 0.59 0.45 0.30 0.00 0.00 0.00 0.00
Business in force at end of the financial year (H) 4.60 4.03 3.59 3.30 0.00 0.00 0.00 0.00
Non-Linked VIP-Life Business
Business in force at start of the financial year 2.61 5.05 5.19 5.38 0.00 0.00 0.00 0.00
Additions during the year* 3.42 2.21 1.90 0.99 0.00 0.00 0.00 0.00
Deletions during the year** 0.98 2.07 1.71 1.28 0.00 0.00 0.00 0.00
Business in force at end of the financial year (I) 5.05 5.19 5.38 5.09 0.00 0.00 0.00 0.00
Non-Linked VIP-General Annuity Business
Business in force at start of the financial year 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additions during the year* 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deletions during the year** 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Business in force at end of the financial year (J) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Non-Linked VIP-Pension Business
Business in force at start of the financial year 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additions during the year* 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deletions during the year** 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Business in force at end of the financial year (K) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Non-Linked VIP-Health Business
Business in force at start of the financial year 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additions during the year* 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deletions during the year** 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Business in force at end of the financial year (L) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Linked VIP-Life Business
Business in force at start of the financial year 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additions during the year* 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deletions during the year** 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Business in force at end of the financial year (M) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Linked VIP-General Annuity Business
Business in force at start of the financial year 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additions during the year* 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deletions during the year** 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Business in force at end of the financial year (N) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Linked VIP-Pension Business
Business in force at start of the financial year 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additions during the year* 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deletions during the year** 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Business in force at end of the financial year (O) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Linked VIP-Health Business
Business in force at start of the financial year 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additions during the year* 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deletions during the year** 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Business in force at end of the financial year (P) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Grand Total Business in force at end of the financial year
=A+B+C+D+E+F+G+H+I+J+K+L+M+N+O+P 450.80 556.45 648.64 757.02 1381.01 1567.52 1750.64 1898.43
* Includes New Policies issued, Old Policies reinstated/revived. **Includes policy terminations by death, maturity, lapse, surrenders or cancellations.
# Excluding linked Health Business, if any.
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