Life Insurance Corporation of India (LIC) is the

largest insurance group and investment

company in India. It was founded in 1956 T.S
Vijayan, (Chairman) D. K. Melhotra, Thomas
Mathew and A. Dasgupta (Managing
Directors) are the key people of LIC India. Its
a state-owned where Government of India
has 100%stake. LIC also funds close to 24.6%
of the Indian Government's expenses.

 SIZE

GROWTH
PRODUCTIVITY
GRIEVANCE
RATIOS

HANDLING

o
o
o
o
o

Total Premium
Total Income
Size of Balance Sheet
Total number of Policies
Total number of Branches

160000
140000
120000
100000

80000

LIC

60000

PRIVATE INSURERS

40000
20000
0
FY 07- FY 08- FY 09- FY 10- FY 1108

09

10

11

12

250000
200000
150000
LIC

100000

PRIVATE INSURER

50000
0
FY 07- FY 08- FY 09- FY 10- FY 1108

09

10

11

12

900000
800000
700000
600000

500000
400000

LIC

300000

PRVATE INSURER

200000
100000
0
FY 07- FY 08- FY 09- FY 10- FY 1108

09

10

11

12

45000000
40000000
35000000
30000000
25000000
LIC
20000000

PRIVATE INSURER

15000000
10000000
5000000
0
FY 07-08

FY 08-09

FY 09-10

FY 10-11

FY 11-12

7000
6000
5000
4000
LIC

3000

PRIVATE INSURER

2000

1000
0
FY 07- FY 08- FY 09- FY 10- FY 1108

09

10

11

12

 Growth

in
Growth in
Growth in
Growth in

Premium
Income
number of Policies
Market share

70000

60000

50000

40000

30000

20000

10000

0
FY 07-08

FY 08-09

FY 09-10

FY 10-11

FY 11-12

45000
40000
35000
30000
25000
20000
15000
10000
5000
0
FY 07-08

FY 08-09

FY 09-10

FY 10-11

FY 11-12

10000000

8000000

6000000

4000000
LIC
PRIVATE INSURER
2000000

0
FY 07-08
-2000000

-4000000

FY 08-09

FY 09-10

FY 10-11

FY 11-12

90

80
70
60
50

LIC

40

PRIVATE INSURER

30
20
10
0
FY 07- FY 08- FY 09- FY 10- FY 1108

09

10

11

12

Business

per Branch
Income per Branch
New Premium per Branch

70

60

50

40

30

20

10

0
FY 07-08

FY 08-09

FY 09-10

FY 10-11

FY 11-12

90
80
70
60
50
40
30
20
10
0
FY 07-08

FY 08-09

FY 09-10

FY 10-11

FY 11-12

30

25

20

15

10

0
FY 07-08

FY 08-09

FY 09-10

FY 10-11

FY 11-12

 TOTAL

NUMBER OF GRIEVANCE RESOLVED

1200

1000

800

600

400

200

0
FY 07-08

FY 08-09

FY 09-10

FY 10-11

FY 11-12

CLAIM SETTLEMENT RATIO

EXPENSE RATIO

SOLVENCY RATIO

INSURANCE
SECTOR

Percentage of
claims settled

Claims denied
Claims pending
and written back

LIC

96.54%

2.05%

1.41

PRIVATE SECTOR 84.88%

7.64%

7.48

TOTAL

0.75%

1.93

95.25%

Commission Expense ratio

Operating Expense ratio

16
14
12
10
8

LIC

PRIVATE INSURER

2
0
FY 09-10

FY 10-11

FY 11-12

25
20
15
LIC
10

PRIVATE INSURER

0
FY 09-10

FY 10-11

FY 11-12

LIFE INSURER JUNE 2011

SEP 2011

DEC 2011

MAR 2012

LIC

1.57

1.59

1.56

7.58

ICICI

3.75

3.89

3.74

3.71

HDFC

3.20

1.83

1.80

1.88

SBI

2.2

2.14

2.13

2.09