HANDBOOK ON INDIAN INSURANCE STATISTICS 2014-15 · PDF fileon indian insurance statistics...
Transcript of HANDBOOK ON INDIAN INSURANCE STATISTICS 2014-15 · PDF fileon indian insurance statistics...
HANDBOOKON
INDIAN INSURANCE STATISTICS2014-15
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA
Head Officerd3 Floor, Parishram Bhavan
Basheerbagh, Hyderabad - 500 004INDIAPhone : +91-40-2338 1100 / 1300Fax : +91-40-6682 3334
Delhi Officest Gate No.3, 1 Floor, Jeevan Tara
Parliament Street, New Delhi - 110 001INDIA
Phone : +91-11-2374 7648Fax : +91-11-2374 7650
Website:www.irda.gov.inE-mail: [email protected]
MISSION STATEMENT
To protect the interest of and secure fair treatment to policyholders;
To bring about speedy and orderly growth of the insurance industry (including annuity
and superannuation payments), for the benefit of the common man, and to provide long
term funds for accelerating growth of the economy;
To set, promote, monitor and enforce high standards of integrity, financial soundness,
fair dealing and competence of those it regulates;
To ensure speedy settlement of genuine claims, to prevent insurance frauds and other
malpractices and put in place effective grievance redressal machinery;
To promote fairness, transparency and orderly conduct in financial markets dealing with
insurance and build a reliable management information system to enforce high
standards of financial soundness amongst market players;
To take action where such standards are inadequate or ineffectively enforced;
To bring about optimum amount of self-regulation in day-to-day working of the industry
consistent with the requirements of prudential regulation.
SUMMARY
A Summary of Indian Life Insurance Sector 3-4
A1 Summary of Indian Life Insurance Sector (2013-14 & 2014-15) 5
B Summary of Indian Non-Life Insurance Sector 6
B1 Summary of Indian Non-Life Insurance Sector (2013-14 & 2014-15) 7
C International Comparison of Insurance Penetration 8-10
D International Comparison of Insurance Density 11-13
CHARTS
Life Insurance
1 Number of Insurers 17
2 Region Wise Distribution of Of?ces 17
3 Number of New Policies Issued 18
4 Total Life Insurance Premium 18
5 Channel Wise New Business Premium (Individual + Group) 19
6 Equity Share Capital 19
7 Assets Under Management 20
8 Pro?tability of Sector 20
Non-Life Insurance
9 Number of Insurers 21
10 Number of Policies Issued 21
11 Gross Direct Premium 22
12 Segment Wise Net Premium Income Earned 22
13 Equity Share Capital 23
14 Assets Under Management 23
15 Pro?tability of Sector 24
16 Incurred Claim Ratio 24
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HANDBOOK ON INDIAN INSURANCE STATISTICS 2014-15
CONTENTS
ParticularsSl.No.
PageNo.
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HANDBOOK ON INDIAN INSURANCE STATISTICS 2014-15
TABLES
PART - ILIFE INSURANCE
1 Life Insurance Companies Operating in India 27
2 First Year Life Insurance Premium 28
3 Total Life Insurance Premium 29
4 Individual New Business Performance of Life Insurers - Channel Wise 30
5 Group New Business Performance of Life Insurers - Channel Wise 31-32
6 State Wise Individual New Business Underwritten 33-34
7 State Wise Group New Business Underwritten 35-36
8 Number of New Policies Issued 37
9 Individual Business (Within India) - Business in Force (Number of Policies) 38-58
10 Individual Business (Within India) - Business in Force (Sum Assured) 59-79
11 Linked and Non - Linked Premium of Life Insurers 80-87
12 Linked and Non - Linked Commission of Life Insurers 88-90
13 Individual Death Claims 91
14 Group Death Claims 92
15 Duration Wise Settlement of Death Claims - Individual Category 93-105
16 Duration Wise Settlement of Death Claims - Group Category 106-118
17 Assets Under Management of Life Insurers 119
18 Equity Share Capital of Life Insurers 120
19 Solvency Ratio of Life Insurers 121-124
20 Life Insurers - Policyholders Account 125-146
20A Life Insurers - Policyholders Account (2013-14 & 2014-15) 147-151
21 Life Insurers - Shareholders Account 152-173
21A Life Insurers - Shareholders Account (2013-14 & 2014-15) 174-177
22 Life Insurers - Balance Sheet 178-199
22 A Life Insurers - Balance Sheet (2013-14 & 2014-15) 200-203
23 Life Insurance Corporation of India - Policyholders Account (Non-Participating) 204
24 Life Insurance Corporation of India - Shareholders Account (Non-Participating) 205
25 Life Insurance Corporation of India - Balance Sheet (Non-Participating) 206
26 Individual Business - Details of Forfeiture/Lapsed Policies in Respect of Non-Linked Business 207-209
27 Persistency of Life Insurance Policies 210-211
ParticularsSl.No.
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ParticularsSl.No.
28 Number of Individual Agents of Life Insurers 212
29 Number of Corporate Agents of Life Insurers 213
30 Average Number of Policies Sold by Individual and Corporate Agents 214
31 Average New Business Premium for Individual and Corporate Agents 215
32 Average Premium Per Policy for Individual and Corporate Agents 216
33 State Wise Distribution of Of?ces of Life Insurers 217-229
34 Region Wise Distribution of Of?ces of Life Insurers 230-231
35 State Wise Distribution of Individual Agents 232-244
36 New Business Under Micro Insurance Portfolio 245-246
37 Death Claims Under Micro Insurance Portfolio - Individual Category 247-252
38 Death Claims Under Micro Insurance Portfolio - Group Category 253-256
39 Duration Wise Settlement of Claims- Micro Insurance - Individual Category 257-262
40 Duration Wise Settlement of Claims- Micro Insurance Claims - Group Category 263-267
41 Company Wise Number of Micro-Insurance Agents 268
42 Status of Grievances - Life Insurance 269-270
43 Performance of Ombudsmen at Different Centers - Life Insurance 271-274
PART IINON-LIFE INSURANCE
44 Non-Life Insurance Companies Operating in India 277
45 Gross Direct Premium of Non-Life Insurance (Within & Outside India) 278-279
46 Segment Wise Gross Direct Premium of Non-Life Insurers (Within India) 280-285
47 Segment Wise Net Premium Income in India (Earned) 286-291
48 Channel Wise Gross Direct Premium of Non Life Insurers 292-295
49 State Wise Gross Direct Premium Income 296-302
50 Number of New Policies Issued: Non-Life Insurers 303
51 Net Retentions of Non Life Insurers 303
52 Incurred Claims Ratio - Public & Private Sector Non-Life Insurers 304-315
53 Underwriting Experience and Pro?ts of Public Sector Companies 316-320
53A Underwriting Experience and Pro?ts of Public Sector Companies (2013-14 & 2014-15) 321
54 Underwriting Experience and Pro?ts of Private Sector Companies 322-335
54 A Underwriting Experience and Pro?ts of Private Sector Companies (2013-14 & 2014-15) 336-338
55 Underwriting experience - GIC 339
56 Assets Under Management of Non-Life Insurers 340
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57 Equity Share Capital of Non-Life Insurers 341
58 Solvency Ratio of Non-Life Insurers 342-344
59 Public Sector Non-Life Insurers - Policyholders Account 345-361
59A Public Sector Non-Life Insurers - Policyholders Account (2013-14 & 2014-15) 362-363
60 Public Sector Non Life Insurers - Shareholders Account 364-368
60A Public Sector Non Life Insurers - Shareholders Account (2013-14 & 2014-15) 369
61 Public Sector Non-Life Insurers - Balance Sheet 370-374
61 A Public Sector Non-Life Insurers - Balance Sheet (2013-14 & 2014-15) 375
62 Private Sector Non-Life Insurers - Policyholders Account 376-427
62A Private Sector Non-Life Insurers - Policyholders Account (2013-14 & 2014-15) 428-436
63 Private Sector Non-Life Insurers - Shareholders Account 437-450
63A Private Sector Non-Life Insurers - Shareholders Account (2013-14 & 2014-15) 451-453
64 Private Sector Non-Life Insurers - Balance Sheet 454-467
64A Private Sector Non-Life Insurers - Balance Sheet (2013-14 & 2014-15) 468-469
65 Export Credit Guarantee Corporation Ltd. (ECGC) - Policyholders Account 470
65A Export Credit Guarantee Corporation Ltd. (ECGC) - Policyholders Account (2013-14 & 2014-15) 471
66 Export Credit Guarantee Corporation Ltd. (ECGC) - Shareholders Account 472
66A Export Credit Guarantee Corporation Ltd. (ECGC) - Shareholders Account (2013-14 & 2014-15) 473
67 Export Credit Guarantee Corporation Ltd. (ECGC) Balance Sheet 474
67A Export Credit Guarantee Corporation Ltd. (ECGC) Balance Sheet (2013-14 & 2014-15) 475
68 Agriculture Insurance Company of India Ltd. (AIC) - Policyholders Account 476
68A Agriculture Insurance Company of India Ltd. (AIC) - Policyholders Account (2013-14 & 2014-15) 477
69 Agriculture Insurance Company of India Ltd. (AIC) - Shareholders Account 478
69A Agriculture Insurance Company of India Ltd. (AIC) - Shareholders Account (2013-14 & 2014-15) 479
70 Agriculture Insurance Company of India Ltd. (AIC) Balance Sheet 480
70A Agriculture Insurance Company of India Ltd. (AIC) Balance Sheet (2013-14 & 2014-15) 481
71 General Insurance Corporation (GIC) - Policyholders Account 482
71A General Insurance Corporation (GIC) - Policyholders Account (2013-14 & 2014-15) 483
72 General Insurance Corporation (GIC) - Shareholders Account 484
72A General Insurance Corporation (GIC) - Shareholders Account (2013-14 & 2014-15) 485