Performance of Insuarnce Companies

8/9/2019 Performance of Insuarnce Companies

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NAGINDAS

KHANDWALA COLLEGE


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Acknowledgeme

nt

The work on this project has beenan inspiring, often , exciting, sometimeschallenging, but always interestingexperience. It has been made possibleby many other people, who have

supported us.

I am very grateful to my professor Mrs.POONAM VAMZA who has given us thechance to participate in severalinteresting research projects. She hassupported us with her encouragement

and many fruitful discussions. I wouldalso like to express my sincere thanksfor supporting us.


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TOPIC:-

PERFORMANCE OF LIFE

INSURANCE COMPANIES..

BY:

TYBFM(25-30)


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TO:

POONAM VAMZA MAMCREDITORS

SAGAR PARMAR 525

MADHURI PATEL 526

RICHA PATEL 527

SNEHA PATEL 528

VAIBHAV PATEL 529

VIKAS PATEL 530


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INSURANCE COMPANIES

The performance of the insurance sector in financial year 2008-09 waslargely influenced by the sub-prime crisis. The sub-prime crisis started in theUnited States in late 2007, evolved as a financial crisis in US and laterengulfed Europe and UK. By late 2008 it seeped into Asia. As a result, thefinancial crisis deepened among many countries of the world, thus forcing

the respective governments to take necessary steps to come out of thecrisis. Besides increased unemployment in various countries, economicgrowth was also hampered and the IMF and World Bank lowered the worldeconomic contraction for 2008-09 to 1.1 per cent lower than what wasprojected earlier.Fall of financial institutions and lack of confidence in thebanking system impacted the financial markets. Money and capital marketstumbled down to their lowest levels across the world. As a result, manyinvestors lost their wealth. Internationally, except for a few large companies,insurance companies were fairly insulated, though for the first time since1980, insurance premiums declined in real terms with non-life premiumsfalling by 0.8 per cent and life premiums falling at a much higher rate of 3.5

per cent. Further, because of higher volatility in the financial markets,insurance companies, lost heavily on investment income. As such, theprofitability of the insurance companies deteriorated in 2008 not only due tolow investment yields but also because of high cost of guarantees and lowerrevenues from management fees.

As a consequence of the impairment of the value of their investmentsboth banks and insurance companies were forced to recapitalize to meetregulatory requirements. This has thrown a big challenge, as investors lostsubstantial wealth and were reluctant and unable to make furtherinvestments and there was scarcity of capital. The governments across the

world have started infusing capital into the financial system so as to bringback stability into the system. Though well insulated, India, could not totallyescape the tide of the financial crisis. Due to its higher levels of incomegrowth during the past five years as also because of prudent financialmanagement underpinned by sound and solid banking system supportingthe payment and settlement procedures, India had limited the contagioneffect. However, the stock values declined sharply effecting capitalavailability. India also had to loose some of its policies and adopted both


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conventional and unconventional methods to contain the contagion effect.The Indian economy which had grown at an average of 8.8 pe cent before2008-09 could grow only at 6.7 per cent.

While the first half of 2009-10 has seen a substantia mitigation of thefinancial effects of the crisis an markets and covering, the crisis has raisedserious concerns compelling Governments and Regulators to considervarious steps necessary to strengthen the financial system in the long term.This is an evolving exercise under the leadership of the G-20. The principalelements of the strategy recommended by the G-20 are to make morerobust the Capital Adequacy and Solvency norms specified for various typesof financial enterprises, more comprehensive regulatory oversight, increasedsurveillance of large and systemically critical financial entities and greatersharing of information across countries.

Insurance in India has been viewed as a tax saving instrument and riskcover in life insurance was purely incidental. The mindset continues to be thesame, although the unit-linked instruments are becoming popular. Theemergence of pure risk products has thus taken a back seat. Lapsation is aserious issue. Life insurers are striving to design imaginative products so asto ensure long term commitments from the policyholders. In the processthere is a need for the distributors to play a key role in identifying the needsof the prospect and then sell insurance so that long-term retention ofcustomers is established. In India, most of the healthcare spending is by wayof out-of-pocket expenses and in this background the sudden surge of health

insurance with a 60 per cent growth is phenomenal. Besides, healthinsurance portfolio is itself new to the Indian domain and thus the growth isadditionally significant. A part of this growth is certainly on account of theincrease in the awareness levels of the people. Nevertheless, it is not thateverything is hunky dory and fine with the class. Customer grievancescontinue to haunt the health insurers. Issues relating to providing healthinsurance to senior citizens, and at affordable premiums are an area that hasbeen in the limelight. With better clarity on pre-existing diseases andpremium rates, it is hoped that a lot of controversies associated with thisclass could be nullified. It is also important, that policyholders should realizethe importance and the basic principles of insurance, before getting into any

claim-related disputes.


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Performance of Life insurance companies in 2009-2010

During the first quarter of the current financial year life insurersunderwrote a premium of Rs.14456.34 crore, marginally higher thanRs.14320.20 crore in the comparable period of last year. LIC accounted forRs.9028.68 crore and the private insurers accounted for Rs.5427.66 crore.While the premium underwritten by LIC increased by 19.99 per cent,premium of the private insurers declined by 20.13 per cent over thecorresponding period of the previous year. The number of policies written bylife insurers grew by 12.06 per cent. While the number of policies written

By LIC increased by 22.59 per cent, there has been a decline of 6.57 per centin the case of private insurers. Of the total premium underwritten, individualpremium accounted for Rs.10308.40 crore and the remaining Rs.4147.93crore came from the group business. In respect of LIC, individual businesswas Rs.5963.64 crore and group business was Rs.3065.04 crore. Thecorresponding figures for private insurers were Rs.4344.75 crore andRs.1082.90 crore respectively

The numbers of lives covered by life insurers under the groupscheme were 89.90 lakh recording a growth of 60.16 per centover the previous period. Of the total lives covered under thegroup scheme, LIC accounted for 33.18 lakh and private insurers56.72 lakh. The life insurers covered 37.86 lakh lives in the socialsector with a premium of Rs.34.13 crore. In the rural sector, the


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insurers underwrote 21.89 lakh policies with a premium ofRs.1455.71 crore.

Performance in the first half of 2009-10

The insurance industry has registered a growth of 11.35 per centin premium collections in the first six months of this financial yearat Rs.55866.54 crore as compared to Rs.50171.09 crore during

the corresponding period of last year. The life insurance sectorhas grown by around 13 per cent while the nonlife segmentwitnessed a growth of around 8 per cent in the first-half of 2009-10. First year premium income of life insurance players stood atRs.39046.59 crore in the April-September period as againstRs.34599.37 crore in the corresponding period of last year. Thetotal premium underwritten by the general insurance companiesin the same period was Rs.16819.95 crore as compared toRs.15571.72 crore in the year-ago period.

Life Insurance in India

Life Insurance in India was nationalized by incorporating Life InsuranceCorporation (LIC) in 1956. All private life insurance companies at that timewere taken over by LIC.

In 1993 the Government of Republic of India appointed RN MalhotraCommittee to lay down a road map for privatization of the life insurance

sector.While the committee submitted its report in 1994, it took another sixyears before the enabling legislation was passed in the year 2000, legislationamending the Insurance Actof 1938 and legislating the InsuranceRegulatory and Development Authority Actof 2000. The same year that thenewly appointed insurance regulator - Insurance Regulatory andDevelopment Authority IRDA started issuing licenses to private life insurers.


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LIST OF LIFE INSURERS

Apart from Life Insurance Corporation, the public sector life

insurer, there are 14other private sector life insurers, most of them joint venturesbetween Indiangroups and global insurance giants.

Life insurer in public sector1. Life Insurance Corporation of India

Life insurers in private sector

1. Bajaj Allianz Life2. Tata AIG Life3. ICICI Prudential Life Insurance

4. HDFC Standard Life5. Birla Sunlife6. SBI Life Insurance7. Kotak Mahindra Old Mutual Life Insurance8. Aviva Life Insurance9. Reliance Life Insurance Company Limited - Formerly known as AMP10. Sanmar LIC11. Metlife India Life Insurance12. ING Vysya Life Insurance13. Max Newyork Life Insurance14. Sahara Life Insurance - Now they are not into business15. Shriram Life Insurance16.Bharti AXA Life Insurance Co Ltd.

Some Facts about Indian Life Insurance Sector

Before trying to get an idea about the performance of Indian Life Insurance


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Sector in 2008-09, it will be better to take a look at some of its previous

records that played a major role in the performance of this sector. With the

passing of the Insurance Regulatory and Development Authority Act, the

government of India made room for the private players in the sector, which

in turn, resulted in impressive growth rates. Until that time, the Life

Insurance Corporation of India was the only entity to represent the Indian life

insurance industry.With passing time, the de-tariffing measures as well asthe commission limits added to the scenario of competition and introduction

of innumerable products. Between the periods 2000-01 and 2007-08, the life

insurance market of India grew at the rate of 26% in terms of Compounded

Annual Growth Rate (CAGR).Performance of Indian Life Insurance Sector in 2008-09

Reckoned among the fastest growing industries, the Life Insurance Industry

of India has 23 license-holders running their business in this sector. The Life

Insurance Corporation of India (LIC), which is the only player in the public

sector, contributes over 70% to the business. The remaining area is covered

by the 22 private sector companies.

While considering the performance of the insurance industry in the fiscal

year 2008-09, it will be seen that the life insurance sector of India registered

a growth rate of 10.15% in the area of overall premium collection to Rs

221791.26 crore. In 2007-08, the industry had accounted for 29.0% growth

posting Rs.201351.41 crore. There was a marginal rise as per new policy

sales are concerned. It witnessed a nominal growth of 0.1% to 5.09 crore in

the year 2008-09 as against 10.23% in previous financial year.

In the period ranging from April-December 2009, the total new premium

income soared to Rs 67557.61 crore posting a growth of 29.2%. In the same

period of the previous year, the premium collection stood at Rs 52298.86

crore.

On looking at the performance of the life insurance sector in April-December

2009, it was found that the new premium income was considerably more

than the 15% growth suggested by the Life Insurance Council for the period

2009-10.


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Performance of noted Indian Life Insurance Companies in 2008-09

Some of the life insurance companies in India that reported positive growth

in the financial year 2008-09 are LIC, Met Life, Kotak Mahindra and Shriram.

LIC booked a gain of Rs 957.35 crore as against Rs 844.63 crore the previousyear. Met Life benefits rose to Rs 14.52 crore and Shriram profits were up by

Rs 8.11 crore. Kotak Mahindra, which had booked a loss of 71.87 crore

previous year, saw its profits rising by 14.34 crore.

However, the scenario was not same for all the companies. SBI Life, after

reporting profits for 3 years in a row, faced a loss of Rs 26.31 crore in 2008-

09. ICICI Prudential also incurred a record loss of Rs 779.70 crore.

Some Bleak Facts about Indian Life Insurance Sector in 2008-09While considering the performance of Indian Life Insurance Sector in 2008-

09, we cannot ignore some downward trends the industry had undergone.

The private players in this sector witnessed a loss of Rs 4,879 crore. In order

to tackle the losses, the life insurance company giants had to infuse Rs 5,956

crore. According to Insurance Regulatory and Development Authority (IRDA),

the industry suffered on account of decline in demands and poor interest

rates in addition to other factors.

Registered Insurers in India

By end March 2009, there were forty-four insurance companies operating inIndia; of which twenty-two were in the life insurance business and theremaining twenty-one were in general insurance business and one nationalre-insurer. Of these forty-four companies, 8 are in the public sector (two

specialised insurers, namely ECGC and AIC, one in life insurance, four ingeneral insurance and one re-insurer). The remaining thirty-six are privatesector companies.


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Premium

Life insurance industry recorded a premium income of Rs.221791.26crore during 2008-09 as against Rs.201351.41 crore in the previous financialyear, recording a growth of 10.15 per cent. Out of Rs.221791.26 crore,premium from unit-linked products, stood at Rs.90645.78 crore. This resultedin a fall in the share of unit linked premium to the total premium to 40.87 percent in 2008-09 from 46.14 per cent in 2007-08. The decline was observedboth in the case of LIC and private insurers. This decline can be attributed tosubdued Indian equity market. The share of ULIP premium to total premiumfell to 22.06 per cent in LIC from 31.61 per cent in 2007-08. The privateinsurers registered a marginal slowdown in ULIP products, as the compositionof ULIP premium to the total premium for them was 86.74 per cent in 2008-09, as against 88.34 per cent in 2007-08. Regular premium, single premiumand renewal premium in 2008-09 were Rs.49370.56 crore (22.26per cent); Rs.37635.67 crore (16.97 per cent); and Rs.134785.03 crore(60.77 per cent), respectively. It may be recalled that in 2000-01, when theindustry was opened up, the life insurance premium was Rs.34898.48 crorewhich comprised of Rs.6966.95 crore (19.96 per cent) of regular premium,Rs.2740.45 crore (7.86 per cent) of single premium and Rs.25191.07 crore(72.18 per cent) of renewal premium. (Statements 29, 30)


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Market share of life insurance.

The size of life insurance market, although recording positive

growth witnessed retardation in the growth. The LIC could growfurther its life business by 5.01 per cent in 2008-09 as against anincrease of 17.19 per cent in 2007-08. The private insurersincreased their premium by 25.10 per cent in 2008-09 as againsta higher rise of 82.50 per cent in 2007-08. In terms of premiumunderwritten, the market share of private life insurancecompanies continued to risein 2008-09, which surged to 29.08 per cent from 25.61 per cent in2007-08. The market share of private insurers in first year

premium increased to 38.88 per cent in 2008-09 from 35.98 percent in the previous year. While, there has been an increase inthe market share in the regular premium, market share of privateinsurers in single premium has declined. In the case of regularpremium, the market share of private insurers went up further to61.23 per cent in 2008-09 from 52.23 per cent in 2007-08. Incontrast, the share of single premium of private life insurers fell to9.56 per cent from its previous years level of 13.01 per cent. Onthe other hand, the market share of LIC in single premium hasincreased to 90.44 per cent In 2008-09 as against 86.99 per centin 2007-08.


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PRESENT SCENARIO - LIFE INSURANCE

INDUSTRY IN INDIA

The life insurance industry in India grew by an impressive 47.38%, withpremium income at Rs. 1560.41 billion during the fiscal year 2006-2007.

Though the total volume of LIC's business increased in the last fiscal year

(2006-2007) compared to the previous one, its market share came down

from 85.75% to 81.91%.

The 17 private insurers increased their market share from about 15% to

about 19% in a year's time. The figures for the first two months of the fiscal

year 2007-08 also speak of the growing share of the private insurers. The

share of LIC for this period has further come down to 75 percent, while the

private players have grabbed over 24 percent.

With the opening up of the insurance industry in India many foreign players

have entered the market. The restriction on these companies is that they are

not allowed to have more than a 26% stake in a companys ownership.

Since the opening up of the insurance sector in 1999, foreign investments of

Rs. 8.7 billion have poured into the Indian market and 19 private life

insurance companies have been granted licenses.

Innovative products, smart marketing, and aggressive distribution have

enabled fledgling private insurance companies to sign up Indian customers

faster than anyone expected. Indians, who had always seen life insurance as

a tax saving device, are now suddenly turning to the private sector and

snapping up the new innovative products on offer. Some of these productsinclude investment plans with insurance and good returns (unit linked plans)

multi purpose insurance plans, pension plans, child plans and money back

plans.(www.wikipedia.com)


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Growth of Insurance Companies.

Owing to the global economic slowdown, the outlook is grim for

the global insurance sector and it is likely to witness moderation

in growth. Likewise, the growth in unit-linked life insurance plans

is likely to get affected by the crash in stock markets across the

globe and fall in income levels. The slowdown in economic activity

will reduce the premium growth in non-life business. While the

premium in industrialised economies is expected to decline, the

premium in emerging economies may witness moderation.

Structure of the Indian insurance industry

As on March 31, 2008, the Indian insurance industry consisted of21 life insurance companies, 21 general insurance companiesand one reinsurance company. Among these companies thepublic sector owned one life insurance, six general insurance andone reinsurance company However, the public sector companiesaccounted for approximately 73% of the total insurancepremium.


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During the CY07, insurance penetration in the life insurance segment wasapproximately 4% as against 4.1% in CY06. Non-life insurance penetrationremained unchanged at 0.6% in CY07. During the same period, lifeinsurance density improved to US$ 40.4 in CY07 from US$ 33.2 in previous

year. Similarly for non life insurance business density improved from US$5.2 to US$ 6.2 in CY07.

When the insurance sector was opened up for private insurance companiesin 1999 many players opted for JVs with foreign players who wererecognised across the globe. Over the last 8 years, consumer awarenessabout insurance improved considerably. Moreover, increased competitionpushed up product innovation and stepped up customer servicing options inthe sector. All these positive developments made a good impact on theeconomy and generated income and employment within the sector.

Private companies making rapid inroads in the life insuranceindustry

In April 2000 the IRDA Act was enacted and up to 26% FDI was allowed inthe sector through the automatic route, which opened the insurance marketto the private sector with limited exposure to foreign equity; as a result, thenetwork of private companies increased significantly.

Substantial extension in reach of private life insurers

Private life insurance companies are investing heavily to increase theirreach in the untapped markets and to increase their market share in theoverall growing pie. This is evident by the extent of their office and branchexpansions. During FY08, there was a significant increase in the number ofoffices held by life insurers. As on March 31, 2008, the number of officeswas 8,913 as compared with 5,373 in the previous year. A major portion ofthis expansion occurred in the private sector, where the number of offices


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more than doubled from 3,072 to 6,391. In the meanwhile, the number ofoffices held by LIC increased at a modest 10% to 2,522 offices.

Life insurance still scores amid financial slowdown

The insurance industry largely depends on the life insurance segment,sharing of 91% in the total net premium of the industry. During FY08financial markets across the globe witnessed a sharp setback in their

operations, which also affected the Indian economy, however, at a lesssevere note. Favourable investment opportunities helped the insuranceindustry to post significant growth in the first year premium and renewalpremium. During FY08, the life insurance industry reported yearly growth ofabout 23.8% and 28.9% in the first year and renewal premium, respectively;however, this growth was far lower than the previous years respectivegrowth rates of 95% and 47%. Among the life insurance companies, there isonly one public sector company viz. LIC, which accounts for about 74% ofthe total net premium earned.

LIC faces stiff competition from the private playersEven though the LIC enjoys a monopolistic market position, privatecompanies are rapidly making inroads in the industry by increasing theirshare in the total premium. Moreover, the number of policies issued byprivate companies has been increasing significantly over the past few years.Considering the pace of newcomers in capturing the market share from


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existing players in terms of premium and number of policies issued, LICfaces significant competition from the private companies in near future.

Among all the companies, private companies posted a significant yearlygrowth during each of the three previous years. LIC, on the other handreported low growth of about 6.7% in the first year premium during FY08mainly due to negative growth of 1.6% in new policies.


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The strategy of high investment and increase in number of players has led to the highgrowth in the private sector. The greater marketing and advertising push by private playersled to a steady growth in the number of new policies issued over the last three years. Alsohigher product innovation, like ULIPs and greater emphasis on customer education has alsopaid well for the private players.

Private companies reap the benefits of synergy in distribution

Channel wise analysis of new business premium revealed than public sectorlife insurer viz. LIC has stick to their traditional channel of doing thebusiness, through individual agents. During FY08, the individual agents ofLIC contributes approximately 98% of their total new individual policiesissued and premium earned, whereas in case of private players, individualagents share about 60% of total new individual policies issued and premiumearned. However, corporate agents played a major role in the insurancepenetration for the private players, sharing approximately 27% and 30% oftheir new business policies and premium respectively. On the contrary it is

seen that LIC has very few tie-ups with the corporates. Apart from above,private players are also indulge in the direct selling, which mobiliseapproximately 12% of new policies issued.

During FY08, LIC reported negative growth of 1.6% in total individualnew policies whereas private companies reported significant yearlygrowth of about 67.4%. Corporate agents and brokers were the majorcontributors to the growth for private companies, new policies issuedthrough this channel, grew by more than 100% on y-o-y basis.Moreover, aggressive direct selling has mobilised huge business for


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private companies, which reported stupendous growth of more than10 times in the new policies issued. Being solely depended on theindividual agents for the business, LIC faces stiff competition from theprivate players, given the fact that private players are well positionedto use the synergic benefit of reaching the mass through corporate

agents (including banks) and brokers. Moreover, poor agentawareness about innovative products, high agent turnover in theindustry and huge training cost may affect the business of the LIC.

Performance of Diffrents Life Insurance Companies.

1.Life Insurance Corporation of India

LIC still remains the largest life insurance company accounting for 64%market share. Its share, however, has dropped from 74% a year before,

mainly owing to entry of private players with innovative products and bettersales force.

LIC experienced growth of only 5% during 2007-08 in new business premium.It had an estimated 1.1 million licensed agents, with the private insurersadding another 900,000.

LIC witnessed decline in sales by 24% for new business premium for the first


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four months for the current financial year.

Total sales stood at Rs 10,797.1 crore during April-July as against new salesof Rs 14,186.04 crore in the corresponding period last financial year.

This is was mainly due to slowdown in economy and crash of stock market.Also, private companies are eating the share of LIC by introducing innovativeproducts.

2. ICICI Prudential Life Insurance Co Ltd

ICICI Pru is the biggest private life insurance company in India. Itexperienced growth of 58% in new business premium, accountingfor increase in market share to 8.93% in 2007-08 from 6.97% in2006-07.

Total premium collected increased to Rs 8,305.80 crore from Rs5,254.64 in 2006-07. Total number of policies sold went up by49%, from 1,960,034 to 2,913,606 in 2007-08, with a marketshare of 5.73%.

Renewal premium had gone up by 101% to Rs.5,526 crore from


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Rs 2,751 crore.

The company has 950 urban and 1,000 non-urban branchesacross the country. For the first four months of current financial

year, it reported growth of 45.3%.

3.Bajaj Allianz Life Insurance Co Ltd

Total new business premium collected by Bajaj Insurance was Rs6,491.70 crore in 2007-08.

The company reported a growth of 52% and its market sharewent up to 6.98% in 2007-08 form 5.66% in 2006-07. Thecompany ranked second (after LIC) in number of policies sold in2007-08, with total market share of 7.36%.


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For the period of April July 2008, total amount of new insurancepremium sold was Rs 1,197.95 crore as against Rs 1,075.93 in thesame period last year, experiencing a growth of 11.35%. Number

of policies sold dropped by around 3%.

Bajaj Allianz Life has a strong distribution network across thecountry with over 1000 branches spread over 950 towns.

It plans to raise its capital base by infusing Rs 500 crore in nextfew months to support its expansion plans.

4.SBI Life Insurance Co Ltd

State Bank of India has a 74% equity stake and the balance 26%is held by French firm Cardif SA in SBI Life insurance. Thecompany broke even in March 2006.

Its the fourth year of operations. SBI Life leveraged the 14,000-


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odd bank branches of its parent SBI to push insurance policies.

The company grew 142.5% in the first four months of the currentfiscal year. Total market share of the company increased from

3.14% in 2006-07 to 5.15% in 2007-08, making it the 4th largestcompany in India.

However, in terms of new number of policies sold, the companyranked 6th in 2007-08. New premium collection for the companywas Rs 4,792.66 crore in 2007-08, an increase of 87% over lastyear.

The company this year got approval to open 100 more branchesto sell life insurance products.

5.Reliance Life Insurance Co Ltd

Reliance Life has sold maximum number of new group non-single


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policies in 2007-08. It experienced a phenomenal growth of 196%in 2008.

Total new business premium collected was Rs 2,792.76 crore and

its market share went up to 2.96% from 1.23% a year back. Itnow ranks 5th in new business premium and 4th in number ofnew policies sold in 2007-08.

RLIC has been one of the fast gainers in market share in newbusiness premium amongst the private players. It has crossed 1.7Million policies in just two years of operations, after its takeover ofAMP Sanmar business.

The number of policies sold in the year 2007-08 stood at 10.74lakh as against 4.51 lakh in the previous year. In a short span oftime, the company accomplished a large distribution set-up byopening 600 branches in 10 months, taking the overall branchnetwork to above 740.

6.HDFC Standard Life Insurance Co Ltd


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HDFC Standard Life operates across more than 726 citiesand towns of the country. It also has more than 383

corporate agents and other sales intermediaries,including banks like Union Bank and Indian Bank, fordistribution of insurance products.

The company strengthened its number of offices from103 to 572 across the country in less than three years.

The company also increased its depth in existing marketsby increasing its financial consultant strength from

74,000 as on March 31, 2007 to 1,45,000 as on March 31,2008.

The Company generated new business premium incomeof Rs 2,680 crore in FY2007-08, registering a year-on-yeargrowth of 64%. Its market share is 2.88% and it ranks 6th among the insurance companies and 5th amongst theprivate players

Diagrame.

Company Market share


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LIC 64%

ICICI Prudential 8.93%

Bajaj Allianz 6.98%

SBI 5.15%Reliance 2.96%

Others 12%

Company Growth

Lic 5%

Icici prudential 58%

Bajaj Allianz 52%

SBI 142.5%

Reliance 196%


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Webliography

www.Google.com

www.irda.com
http://www.google.com/http://www.irda.com/http://www.google.com/http://www.irda.com/


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Performance of Insuarnce Companies

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