Page 56 - Insurance Statistics 2021

HANDBOOK ON INDIAN INSURANCE STATISTICS 2019-20

TABLE 10A: INDIVIDUAL BUSINESS INFORCE (SUM ASSURED )
(2016-17 TO 2019-20) (Contd... 10A) (in ? Crore)
Particulars LIC of India Grand Total
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 6225759.60 6390488.27 8254517.96 8876577.00 7988375.53 8781417.30 11328688.03 12857770.63
Additions during the year* 1556229.29 2543115.64 1358893.65 1468348.05 2447950.91 3688840.99 2666018.91 3139852.67
Deletions during the year** 1391500.62 679085.96 736834.61 836873.79 1655877.98 1141570.17 1136936.00 1458362.00
Business in force at end of the financial year (A) 6390488.27 8254517.96 8876577.00 9508051.26 8780448.46 11328688.11 12857770.94 14539261.30
Non Linked -General Annuity Business
Business in force at start of the financial year 19117.40 34715.40 52829.72 69353.07 21536.88 37771.51 57193.40 77016.09
Additions during the year* 16687.01 18862.12 17493.72 16510.05 17459.73 20245.30 20888.53 21416.44
Deletions during the year** 1089.01 747.81 970.38 2796.92 1230.20 823.41 1065.84 2992.59
Business in force at end of the financial year (B) 34715.40 52829.71 69353.07 83066.20 37771.51 57193.40 77016.08 95439.93
Non Linked - Pension Business
Business in force at start of the financial year 43154.89 44459.12 45570.73 45837.87 51002.24 50893.46 53286.91 54426.77
Additions during the year* 5232.10 4060.22 3287.52 3005.93 6483.18 6244.31 4844.71 4568.90
Deletions during the year** 3927.88 2948.61 3020.38 3054.10 6589.35 3850.87 3704.86 3721.90
Business in force at end of the financial year (C) 44459.12 45570.73 45837.87 45789.70 50896.06 53286.91 54426.77 55273.77
Non linked Health Business
Business in force at start of the financial year 10351.65 10714.22 22963.69 40138.78 38791.38 52409.56 84794.61 110803.09
Additions during the year* 3701.20 15298.11 24882.00 27024.41 29654.71 52998.87 57337.87 53188.37
Deletions during the year** 3338.63 3048.64 7706.91 15081.14 16036.52 20613.80 31329.45 37144.33
Business in force at end of the financial year ( D) 10714.22 22963.69 40138.78 52082.05 52409.56 84794.63 110803.03 126847.14
Linked Business - Life business
Business in force at start of the financial year 73919.88 61024.32 49913.38 50198.29 724535.07 858100.93 978765.15 1120586.05
Additions during the year* 364.76 2497.34 4591.37 2308.45 267316.77 254366.87 273422.63 245028.60
Deletions during the year** 13260.31 13608.28 4306.45 16982.99 134107.97 133703.01 131463.50 183284.76
Business in force at end of the financial year (E) 61024.32 49913.38 50198.29 35523.75 857743.85 978764.79 1120724.27 1182329.89
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 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 ( F) 0.00 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 1176.13 981.03 868.00 759.56 12926.89 31586.13 31010.78 30057.50
Additions during the year* 0.95 56.24 13.40 0.50 21766.85 7239.30 5986.55 5370.38
Deletions during the year** 196.05 169.11 121.90 116.54 3108.84 7814.89 6939.73 9030.89
Business in force at end of the financial year (G) 981.03 868.16 759.50 643.51 31584.91 31010.55 30057.61 26396.99
Linked Health Business
Business in force at start of the financial year 8367.72 7894.65 7466.25 7037.02 15299.67 15524.16 14794.53 13946.07
Additions during the year* 2.16 2.39 1.54 1.38 5220.33 154.07 91.83 32.46
Deletions during the year** 475.23 430.79 430.77 428.64 4995.83 883.70 940.29 1320.55
Business in force at end of the financial year (H) 7894.65 7466.25 7037.02 6609.75 15524.16 14794.54 13946.06 12657.98
Non-Linked VIP-Life Business
Business in force at start of the financial year 1779.91 1289.85 1235.59 987.73 18980.96 18037.11 19028.90 18744.77
Additions during the year* 37.70 19.27 204.51 53.43 2345.34 3420.91 3038.07 1028.06
Deletions during the year** 527.75 610.87 452.37 270.09 3289.19 2966.46 3270.28 3547.00
Business in force at end of the financial year (I) 1289.85 698.25 987.73 771.07 18037.11 18491.56 18796.69 16225.83
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 0.00 424.63 787.91 918.39 988.97
Additions during the year* 0.00 0.00 0.00 0.00 386.74 143.13 123.50 132.06
Deletions during the year** 0.00 0.00 0.00 0.00 23.45 12.65 44.17 69.78
Business in force at end of the financial year (K) 0.00 0.00 0.00 0.00 787.91 918.40 997.72 1051.25
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 6551566.87 8434828.13 9090889.26 9732537.30 9845203.55 12567942.89 14284539.22 16055484.08
* 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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