SUMMARY OF INDIAN LIFE INSURANCE SECTOR

PARTICULARS Unit
PROFILE
No of companies Nos.
No of life offices Nos.
Insurance penetration# In per cent
Insurance density# US $
# Source: Swiss Re-sigma reports
BUSINESS FIGURES
Number of new policies issued In Lakhs
New Business Premium (₹ Crore)
Total Premium (₹ Crore)
Market share of LIC (based on Total
In per cent
Premium)
Individual Business in Force (Number of
In Thousands
policies)

Individual Business in Force (Sum

(₹ Crore)
Assured)

INTERMEDIARIES
No of individual agents Nos.
No of corporate agents Nos.
Commission paid (₹ Lakh)
Operating Expenses related to Insurance
(₹ Lakh)
Business
POLICYHOLDERS' SERVICES
No. of claims submitted (Individual-death) No. of policices
No of claims submitted (Group-death) No of Lives
Amount Claimed (Individual) (₹ Crore)
Amount Claimed (Group) (₹ Crore)
Total Benefits Paid (₹ crore)
Channel-wise New Business - Amount of Premium (Individual plus Group)
Individual agents (₹ crore)
Corporate agents-Banks (₹ crore)
Corporate agents-Others (₹ crore)
Brokers (₹ crore)
Direct selling (₹ crore)
MI Agents (₹ crore)
Common Service Centres(CSCs) (₹ crore)
Web-aggregators (₹ crore)
IMF (₹ crore)
On-line (₹ crore)
Point of sale (₹ crore)
others if any (₹ crore)
Total (₹ crore)
Referrals (₹ crore)
Channel Wise-New Business - No. of Lives Covered (Individual plus Group)
Individual agents In Lakhs
Corporate agents-Banks In Lakhs
Corporate agents-Others In Lakhs
Brokers In Lakhs
Direct selling In Lakhs
Common Service Centres(CSCs) In Lakhs
MI Agents In Lakhs
Web Aggregators in Lakhs
IMF in Lakhs
Online in Lakhs
Point of sale in Lakhs
others if any in Lakhs
Total In Lakhs
Referrals In Lakhs
Region Wise distribution of Offices
Metro Nos.
Urban Nos.
Semi-urban Nos.
Rural Nos.
Total Nos.
Assets Under Management
Life Fund (₹ crore)
Pension & General Annuity & Group fund (₹ crore)
Unit ULIP Fund (₹ crore)
Total Fund (₹ crore)
Profit /Loss after tax (₹ Lakh)
Equity Capital (₹ crore)
REDRESSEL OF CONSUMER GRIEVANCES
No of grievances reported during the year Nos.
No. of complaints reported with the
Nos.
Ombudsmen at difference centres