Life Insurance in India, Key Trends and Opportunities to 2016 Favorable: Regulations and Demographic Changes Will Drive Market Growth
NEW YORK, Feb. 22, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Synopsis
The report provides top-level market analysis, information and insights into the Indian life insurance market, including:• The Indian life insurance market's growth prospects by life insurance categories • The various distribution channels in the Indian life insurance market• The competitive landscape in the life insurance market in India• A description of the life reinsurance market in India
Summary
India contains the world's twelfth-largest life insurance market and the fourth-largest in the Asia-Pacific region. In 2016, it is expected to surpass South Korea to emerge as the third-largest life insurance market after China and Japan. The significant growth in the Indian life insurance market in the review period can be attributed to key growth drivers such as the country's expanding population, robust economic growth, lucrative tax benefits, rising disposable income levels, and increased awareness of the need for insurance, especially among younger people.
Scope
This report provides a comprehensive analysis of the life insurance market in India:• It provides historical values for India's life insurance market for the report's 2007–2011 review period and forecast figures for the 2012–2016 forecast period• It offers a detailed analysis of the key sub-segments in India's life insurance market, along with market forecasts until 2016• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions• It analyses the various distribution channels for life insurance products in India• Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in India for the life insurance business• It provides a detailed analysis of the reinsurance market in India and its growth prospects• It profiles the top life insurance companies in India, and outlines the key regulations affecting them
Reasons To Buy
• Make strategic business decisions using top-level historic and forecast market data related to the Indian life insurance market and each sector within it• Understand the demand-side dynamics, key market trends and growth opportunities within the Indian life insurance market• Assess the competitive dynamics in the life insurance market, along with the reinsurance segment• Identify the growth opportunities and market dynamics within key product categories• Gain insights into key regulations governing the Indian insurance market and its impact on companies and the market's future
Key Highlights
• India contains the world's twelfth-largest life insurance market and the fourth-largest in the Asia-Pacific region. In 2016, it is expected to surpass South Korea to emerge as the third-largest life insurance market after China and Japan• The demand for specific life insurance products has experienced significant growth over the review period. For instance, Indian customers are increasingly demanding insurance products that offer assured income through annuities• ULIPs will remain as the fastest-growing sub-category in the Indian life insurance market over the forecast period• The IRDA's proposal to increase the limit on foreign direct investment (FDI) from 26% to 49% will be a key growth driver for the life insurance market.• The top nine private life insurance companies increased their cumulative market share from 16.57% in 2007 to 26.47% in 2010. During the forecast period, the cumulative market share of private life insurance companies is expected to increase further
Companies Mentioned
Life Insurance Corporation of India ICICI Prudential Life Insurance Co. Ltd Bajaj Allianz Life Insurance Company Limited.SBI Life Insurance Co. Ltd HDFC Standard Life Insurance Co. Ltd Reliance Life Insurance Company Limited.Birla Sun Life Insurance Co. Ltd Max New York Life Insurance Co. Ltd Max New York Life Insurance Co. Ltd Kotak Mahindra Old Mutual Life Insurance Limited
Table of Contents1 Executive Summary2 Introduction2.1 What is this Report About?2.2 Definitions2.3 Methodology3 Indian Insurance Industry Attractiveness3.1 Insurance Industry Market Size, 2007–20163.2 Key Industry Trends and Drivers3.2.1 Business drivers3.2.2 Consumer drivers3.3 Recent Market Developments4 Life Insurance Market Outlook4.1 Life Insurance Growth Prospects by Category4.1.1 Individual life insurance category market size, 2007–20164.1.2 Individual general annuity category market size, 2007–20164.1.3 Individual pension category market size, 2007–20164.1.4 Individual unit-linked insurance sub-category market size, 2007–20164.1.5 Group life category market size, 2007–20164.1.6 Group superannuation category market size, 2007–20164.1.7 Group unit-linked insurance sub-category market size, 2007–20164.2 Life Insurance Growth Prospects by Customer Segments4.2.1 Individual segment market size, 2007–20164.2.2 Individual single premium category market size, 2007–20164.2.3 Individual non-single premium category market size, 2007–20164.2.4 Group segment market size, 2007–20164.2.5 Group single premium category market size, 2007–20164.2.6 Group non-single premium category market size, 2007–20165 Analysis by Distribution Channel5.1 Direct marketing channel market size, 2007–20165.2 Bancassurance channel market size, 2007–20165.3 Agencies channel market size, 2007–20165.4 Other channel market size, 2007–20166 Regulatory Policies7 Porter's Five Forces Analysis – Indian Life Insurance Market7.1 Bargaining Power of Supplier: Low to medium7.2 Bargaining Power of Buyer: Low to medium7.3 Barriers to Entry: medium7.4 Intensity of Rivalry: medium to high7.5 Threat of Substitutes: medium8 Reinsurance Growth Dynamics and Challenges8.1 Reinsurance market size, 2007–20168.2 Reinsurance market size by type of insurance, 2007–20169 Competitive Landscape and Strategic Insights9.1 Overview9.2 Leading Companies in the India Life Insurance Market9.3 Life Insurance Corporation of India – Company Overview9.3.1 Life Insurance Corporation of India – key facts9.3.2 Life Insurance Corporation of India – main products9.3.3 Life Insurance Corporation of India – main competitors9.3.4 Life Insurance Corporation of India – key employees9.4 ICICI Prudential Life Insurance Co. Ltd – Company Overview9.4.1 ICICI Prudential Life Insurance Co. Ltd – key facts9.4.2 ICICI Prudential Life Insurance Co. Ltd – main products9.4.3 ICICI Prudential Life Insurance Co. Ltd – main competitors9.4.4 ICICI Prudential Life Insurance Co. Ltd – key employees9.5 Bajaj Allianz Life Insurance Co. Ltd – Company Overview9.5.1 Bajaj Allianz Life Insurance Co. Ltd – key facts9.5.2 Bajaj Allianz Life Insurance Co. Ltd – main products9.5.3 Bajaj Allianz Life Insurance Co. Ltd – main competitors9.5.4 Bajaj Allianz Life Insurance Co. Ltd – key employees9.6 SBI Life Insurance Co. Ltd – Company Overview9.6.1 SBI Life Insurance Co. Ltd – key facts9.6.2 SBI Life Insurance Co. Ltd – main products9.6.3 SBI Life Insurance Co. Ltd – main competitors9.6.4 SBI Life Insurance Co. Ltd – key employees9.7 HDFC Standard Life Insurance Company Limited – Company Overview9.7.1 HDFC Standard Life Insurance Company Limited – key facts9.7.2 HDFC Standard Life Insurance Company Limited – main products9.7.3 HDFC Standard Life Insurance Company Limited – main competitors9.7.4 HDFC Standard Life Insurance Company Limited – key employees9.8 Reliance Life Insurance Company Limited – Company Overview9.8.1 Reliance Life Insurance Company Limited – key facts9.8.2 Reliance Life Insurance Company Limited – main products9.8.3 Reliance Life Insurance Company Limited – main competitors9.8.4 Reliance Life Insurance Company Limited – key employees9.9 Birla Sun Life Insurance Company Limited – Company Overview9.9.1 Birla Sun Life Insurance Company Limited – key facts9.9.2 Birla Sun Life Insurance Company Limited – main products9.9.3 Birla Sun Life Insurance Company Limited – main competitors9.9.4 Birla Sun Life Insurance Company Limited – key employees9.1 Max New York Life Insurance Company Ltd – Company Overview9.10.1 Max New York Life Insurance Company Ltd – key facts9.10.2 Max New York Life Insurance Company Ltd – main products9.10.3 Max New York Life Insurance Company Ltd – main competitors9.10.4 Max New York Life Insurance Company Ltd – key employees9.11 Tata AIG Life Insurance Company Ltd – Company Overview9.11.1 Tata AIG Life Insurance Company Ltd – key facts9.11.2 Tata AIG Life Insurance Company Ltd – main products9.11.3 Tata AIG Life Insurance Company Ltd – main competitors9.11.4 Tata AIG Life Insurance Company Ltd – key employees9.12 Kotak Mahindra Old Mutual Life Insurance Ltd – Company Overview9.12.1 Kotak Mahindra Old Mutual Life Insurance Ltd – key facts9.12.2 Kotak Mahindra Old Mutual Life Insurance Ltd – main products9.12.3 Kotak Mahindra Old Mutual Life Insurance Ltd – main competitors9.12.4 Kotak Mahindra Old Mutual Life Insurance Ltd – key employees10 Business Environment and Country Risk10.1 Business Confidence10.1.1 Business confidence index10.1.2 Market capitalization trend – Bombay stock exchange (BSE), India10.1.3 FDI inflow by industry10.1.4 Deployment of credit10.2 Economic Performance10.2.1 GDP at constant prices (US dollars)10.2.2 GDP per capita at constant prices (US dollars)10.2.3 GDP at current prices (US dollars)10.2.4 GDP per capita at current prices (US dollars)10.2.5 GDP split by key sectors10.2.6 Agriculture net output at current prices (Indian rupee)10.2.7 Agriculture net output at current prices (US dollars)10.2.8 Agriculture net output at current prices as a percentage of GDP10.2.9 Manufacturing net output at current prices (Indian rupees)10.2.10 Manufacturing net output at current prices (US dollars)10.2.11 Manufacturing net output at current prices as a percentage of GDP10.2.12 Mining, manufacturing and utilities net output at current prices (Indian rupee)10.2.13 Mining, manufacturing and utilities at current prices (US dollars)10.2.14 Mining, manufacturing and utilities at current prices as a percentage of GDP10.2.15 Construction net output at current prices (Indian rupees)10.2.16 Construction net output at current prices (US dollars)10.2.17 Construction net output at current prices as a percentage of GDP10.2.18 Crude steel production10.2.19 Crude oil consumption10.2.20 Inflation rate10.2.21 Fiscal balance as a percentage of GDP10.2.22 Current account balance as a percentage of GDP10.2.23 Exports as a percentage of GDP10.2.24 Imports as a percentage of GDP10.2.25 Exports growth10.2.26 Imports growth10.2.27 External debt as a percentage of GDP10.2.28 Annual average exchange rate US$–INR10.2.29 End of period exchange rate US$–INR10.2.30 Debt service ratio10.3 Infrastructure Quality and Availability10.3.1 Total airports and sea ports10.3.2 Railways and roadways10.3.3 Passenger vehicle production10.3.4 Commercial vehicle production10.3.5 Passenger vehicle export volume10.3.6 Commercial vehicle export volume10.3.7 Automotive components exports10.3.8 Automotive components imports10.3.9 Passenger car penetration10.3.10 Motorcycle penetration10.3.11 Total installed capacity for electricity generation10.3.12 Installed capacity for the generation of conventional thermal electricity10.3.13 Electricity production10.3.14 Installed capacity for the generation of hydro-electricity10.3.15 Installed capacity for renewable electricity generation10.3.16 Electricity exports10.3.17 Electricity imports10.3.18 Healthcare expenditure10.3.19 Healthcare expenditure as a percentage of GDP10.3.20 Healthcare per capita expenditure10.3.21 Total internet subscribers10.3.22 Broadband internet subscribers10.3.23 Personal computer penetration rate10.3.24 Mobile phone penetration rate10.3.25 R&D expenditure as a percentage of GDP10.4 Labor Force10.4.1 Labor force10.4.2 Unemployment rate10.5 Demographics10.5.1 Annual disposable income10.5.2 Annual per capita disposable income10.5.3 Annual consumer expenditure on food10.5.4 Annual per capita consumer expenditure on food10.5.5 Total population10.5.6 Urban and rural population10.5.7 Female percentage of population10.5.8 Male percentage of population10.5.9 Mean age of population10.5.10 Median age of population10.5.11 Population density10.5.12 Age distribution of the total population10.5.13 Age distribution of the male population10.5.14 Age distribution of the female population10.5.15 Number of households10.6 Political and Social Risk10.6.1 Political stability10.6.2 Terrorism Index10.6.3 Transparency index11 Appendix11.1 Methodology11.2 Contact us11.3 About Timetric11.4 Disclaimer
List of Tables
Table 1: Insurance Market Definitions
Table 2: India Insurance Overall Written Premium by Segment (INR Billion), 2007–2011
Table 3: India Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: India Insurance Overall Written Premium by Segment (INR Billion), 2011–2016
Table 5: India Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: India Insurance Segmentation (%), 2007–2016
Table 7: Life Insurance Written Premium by Category (INR Billion), 2007–2011
Table 8: Life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 9: Life Insurance Written Premium by Category (INR Billion), 2011–2016
Table 10: Life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 11: Life Insurance Market – Incurred Loss (INR Billion), 2007–2011
Table 12: Life Insurance Market – Incurred Loss (INR Billion), 2011–2016
Table 13: Life Insurance Market – Loss Ratio (%), 2007–2011
Table 14: Life Insurance Market – Loss Ratio (%), 2011–2016
Table 15: Life Insurance Market – Commissions and Expenses (INR Billion), 2007–2011
Table 16: Life Insurance Market – Commissions and Expenses (INR Billion), 2011–2016
Table 17: Life Insurance Market – Combined Ratio (%), 2007–2011
Table 18: Life Insurance Market – Combined Ratio (%), 2011–2016
Table 19: Life Insurance Market – Frauds and Crimes (INR Billion), 2007–2011
Table 20: Life Insurance Market – Frauds and Crimes (INR Billion), 2011–2016
Table 21: Life Insurance Market – Total Assets (INR Billion), 2007–2011
Table 22: Life Insurance Market – Total Assets (INR Billion), 2011–2016
Table 23: Life Insurance Market – Total Investment Income (INR Billion), 2007–2011
Table 24: Life Insurance Market – Total Investment Income (INR Billion), 2011–2016
Table 25: Life Insurance Market – Retentions (INR Billion), 2007–2011
Table 26: Life Insurance Market – Retentions (INR Billion), 2011–2016
Table 27: Individual Life Insurance Category by Volume ('000), 2007–2011
Table 28: Individual Life Insurance Category by Volume ('000), 2011–2016
Table 29: Individual Life Insurance Category by Written Premium (INR Billion), 2007–2011
Table 30: Individual Life Insurance Category by Written Premium (INR Billion), 2011–2016
Table 31: Individual General Annuity Insurance Category by Volume ('000), 2007–2011
Table 32: Individual General Annuity Insurance Category by Volume ('000), 2011–2016
Table 33: Individual General Annuity Insurance Category by Written Premium (INR Billion), 2007–2011
Table 34: Individual General Annuity Insurance Category by Written Premium (INR Billion), 2011–2016
Table 35: Individual Pension Insurance Category by Volume ('000), 2007–2011
Table 36: Individual Pension Insurance Category by Volume ('000), 2011–2016
Table 37: Individual Pension Insurance Category by Written Premium (INR Billion), 2007–2011
Table 38: Individual Pension Insurance Category by Written Premium (INR Billion), 2011–2016
Table 39: Individual Unit-linked Insurance Sub-Category by Volume ('000), 2007–2011
Table 40: Individual Unit-linked Insurance Sub-Category by Volume ('000), 2011–2016
Table 41: Individual Unit-linked Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Table 42: Individual Unit-linked Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Table 43: Group Life Insurance Category by Volume ('000), 2007–2011
Table 44: Group Life Insurance Category by Volume ('000), 2011–2016
Table 45: Group Life Insurance Category by Written Premium (INR Billion), 2007–2011
Table 46: Group Life Insurance Category by Written Premium (INR Billion), 2011–2016
Table 47: Group Superannuation Insurance Category by Volume ('000), 2007–2011
Table 48: Group Superannuation Insurance Category by Volume ('000), 2011–2016
Table 49: Group Superannuation Insurance Category by Written Premium (INR Billion), 2007–2011
Table 50: Group Superannuation Insurance Category by Written Premium (INR Billion), 2011–2016
Table 51: Group Unit-Linked Insurance Sub-Category by Volume ('000), 2007–2011
Table 52: Group Unit-Linked Insurance Sub-Category by Volume ('000), 2011–2016
Table 53: Group Unit-Linked Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Table 54: Group Unit-Linked Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Table 55: Individual Single Premium Category by Volume ('000), 2007–2011
Table 56: Individual Single Premium Category by Volume ('000), 2011–2016
Table 57: Individual Single Premium Category by Written Premium (INR Billion), 2007–2011
Table 58: Individual Single Premium Category by Written Premium (INR Billion), 2011–2016
Table 59: Individual Non-Single Premium Category by Volume ('000), 2007–2011
Table 60: Individual Non-Single Premium Category by Volume ('000), 2011–2016
Table 61: Individual Non-Single Premium Category by Written Premium (INR Billion), 2007–2011
Table 62: Individual Non-Single Premium Category by Written Premium (INR Billion), 2011–2016
Table 63: Group Single Premium Category by Volume ('000), 2007–2011
Table 64: Group Single Premium Category by Volume ('000), 2011–2016
Table 65: Group Single Premium Category by Written Premium (INR Billion), 2007–2011
Table 66: Group Single Premium Category by Written Premium (INR Billion), 2011–2016
Table 67: Group Non-Single Premium Category by Volume ('000), 2007–2011
Table 68: Group Non-Single Premium Category by Volume ('000), 2011–2016
Table 69: Group Non-Single Premium Category by Written Premium (INR Billion), 2007–2011
Table 70: Group Non-Single Premium Category by Written Premium (INR Billion), 2011–2016
Table 71: Life Insurance Market – Direct Marketing Commission Paid (INR Billion), 2007–2011
Table 72: Life Insurance Market –Direct Marketing Commission Paid (INR Billion), 2011–2016
Table 73: Life Insurance Market – Written Premium Through Direct Marketing (INR Billion), 2007–2011
Table 74: Life Insurance Market – Written Premium Through Direct Marketing (INR Billion), 2011–2016
Table 75: Life Insurance Market – Policies Sold Through Direct Marketing ('000), 2007–2011
Table 76: Life Insurance Market – Policies Sold Through Direct Marketing ('000), 2011–2016
Table 77: Life Insurance Market – Number of Direct Marketing Distributors, 2007–2011
Table 78: Life Insurance Market – Number of Direct Marketing Distributors, 2011–2016
Table 79: Life Insurance Market – Bancassurance Commission Paid (INR Billion), 2007–2011
Table 80: Life Insurance Market – Bancassurance Commission Paid (INR Billion), 2011–2016
Table 81: Life Insurance Market – Written Premium Through Bancassurance (INR Billion), 2007–2011
Table 82: Life Insurance Market – Written Premium Through Bancassurance (INR Billion), 2011–2016
Table 83: Life Insurance Market – Policies Sold Through Bancassurance ('000), 2007–2011
Table 84: Life Insurance Market – Policies Sold Through Bancassurance ('000), 2011–2016
Table 85: Life Insurance Market – Number of Bancassurance Distributors, 2007–2011
Table 86: Life Insurance Market – Number of Bancassurance Distributors, 2011–2016
Table 87: Life Insurance Market – Commission Paid to Agencies (INR Billion), 2007–2011
Table 88: Life Insurance Market – Commission Paid to Agencies (INR Billion), 2011–2016
Table 89: Life Insurance Market – Written Premium Through Agencies (INR Billion|), 2007–2011
Table 90: Life Insurance Market – Written Premium Through Agencies (INR Billion), 2011–2016
Table 91: Life Insurance Market – Policies Sold Through Agencies ('000), 2007–2011
Table 92: Life Insurance Market – Policies Sold Through Agencies ('000), 2011–2016
Table 93: Life Insurance Market – Number of Agencies, 2007–2011
Table 94: Life Insurance Market – Number of Agencies, 2011–2016
Table 95: Life Insurance Market – Commission Paid to Other Channels (INR Billion), 2007–2011
Table 96: Life Insurance Market – Commission Paid to Other Channels (INR Billion), 2011–2016
Table 97: Life Insurance Market – Written Premium Through Other Channels (INR Billion), 2007–2011
Table 98: Life Insurance Market – Written Premium Through Other Channels (INR Billion), 2011–2016
Table 99: Life Insurance Market – Policies Sold Through Other Channels ('000), 2007–2011
Table 100: Life Insurance Market – Policies Sold Through Other Channels ('000), 2011–2016
Table 101: Life Insurance Market – Number of Distributors in Other Channels, 2007–2011
Table 102: Life Insurance Market – Number of Distributors in Other Channels, 2011–2016
Table 103: Reinsurance Market in India by Category (INR Billion), 2007–2011
Table 104: Reinsurance Market in India by Category (US$ Billion), 2007–2011
Table 105: Reinsurance Market in India by Category (INR Billion), 2011–2016
Table 106: Reinsurance Market in India by Category (US$ Billion), 2011–2016
Table 107: Reinsurance Ceded by Type of Insurance (INR Billion), 2007–2011
Table 108: Reinsurance Ceded by Type of Insurance (US$ Billion), 2007–2011
Table 109: Reinsurance Ceded by Type of Insurance (INR Billion), 2011–2016
Table 110: Reinsurance Ceded by Type of Insurance (US$ Billion), 2011–2016
Table 111: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 112: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 113: Life Insurance Market Share (%), 2007–2010
Table 114: Life Insurance Corporation of India, Key Facts
Table 115: Life Insurance Corporation of India, Main Products
Table 116: Life Insurance Corporation of India, Key Employees
Table 117: ICICI Prudential Life Insurance Co. Ltd, Key Facts
Table 118: ICICI Prudential Life Insurance Co. Ltd, Main Products
Table 119: ICICI Prudential Life Insurance Co. Ltd, Key Employees
Table 120: Bajaj Allianz Life Insurance Co. Ltd, Key Facts
Table 121: Bajaj Allianz Life Insurance Co. Ltd, Main Products
Table 122: Bajaj Allianz Life Insurance Co. Ltd, Key Employees
Table 123: SBI Life Insurance Co. Ltd, Key Facts
Table 124: SBI Life Insurance Co. Ltd, Main Products
Table 125: SBI Life Insurance Co. Ltd, Key Employees
Table 126: HDFC Standard Life Insurance Company Limited, Key Facts
Table 127: HDFC Standard Life Insurance Company Limited, Main Products
Table 128: HDFC Standard Life Insurance Company Limited, Key Employees
Table 129: Reliance Life Insurance Company Limited, Key Facts
Table 130: Reliance Life Insurance Company Limited, Main Products
Table 131: Reliance Life Insurance Company Limited, Key Employees
Table 132: Birla Sun Life Insurance Company Limited, Key Facts
Table 133: Birla Sun Life Insurance Company Limited, Main Products
Table 134: Birla Sun Life Insurance Company Limited, Key Employees
Table 135: Max New York Life Insurance Company Ltd, Key Facts
Table 136: Max New York Life Insurance Company Ltd, Main Products
Table 137: Max New York Life Insurance Company Ltd, Key Employees
Table 138: Tata AIG Life Insurance Company Ltd, Key Facts
Table 139: Tata AIG Life Insurance Company Ltd, Main Products
Table 140: Tata AIG Life Insurance Company Ltd, Key Employees
Table 141: Kotak Mahindra Old Mutual Life Insurance Ltd, Key Facts
Table 142: Kotak Mahindra Old Mutual Life Insurance Ltd, Main Products
Table 143: Kotak Mahindra Old Mutual Life Insurance Ltd, Key Employees
List of FiguresFigure 1: India Insurance Overall Written Premium by Segment (INR Billion), 2007–2016Figure 2: India Insurance Market Dynamics by Segment, 2007–2016Figure 3: Life Insurance Written Premium by Category (INR Billion), 2007–2016Figure 4: Life Insurance Written Premium by Category (% Share)f, 2011 and 2016Figure 5: Life Insurance Market Dynamics by Category, 2007–2016Figure 6: Life Insurance Market – Incurred Loss (INR Billion), 2007–2011Figure 7: Life Insurance Market – Incurred Loss (INR Billion), 2011–2016Figure 8: Life Insurance Market – Loss Ratio (%), 2007–2011Figure 9: Life Insurance Market – Loss Ratio (%), 2011–2016Figure 10: Life Insurance Market – Commissions and Expenses (INR Billion), 2007–2011Figure 11: Life Insurance Market – Commissions and Expenses (INR Billion), 2011–2016Figure 12: Life Insurance Market – Combined Ratio (%), 2007–2011Figure 13: Life Insurance Market – Combined Ratio (%), 2011–2016Figure 14: Life Insurance Market – Frauds and Crimes (INR Billion), 2007–2011Figure 15: Life Insurance Market – Frauds and Crimes (INR Billion), 2011–2016Figure 16: Life Insurance Market – Total Assets (INR Billion), 2007–2011Figure 17: Life Insurance Market – Total Assets (INR Billion), 2011–2016Figure 18: Life Insurance Market – Total Investment Income (INR Billion), 2007–2011Figure 19: Life Insurance Market – Total Investment Income (INR Billion), 2011–2016Figure 20: Life Insurance Market – Retentions (INR Billion), 2007–2011Figure 21: Life Insurance Market – Retentions (INR Billion), 2011–2016Figure 22: Life Insurance Market – Investment Type (INR Billion), 2007–2011Figure 23: Life Insurance Market – Investment Type (% Share), 2007 and 2011Figure 24: Life Insurance Market – Density and Penetration (%), 2007–2011Figure 25: Life Insurance Market – Number of Policies Sold ('000), 2007–2011Figure 26: Life Insurance Market – Number of Policies Sold ('000), 2011–2016Figure 27: Life Insurance Market – Premium Per-capita (INR), 2007–2011Figure 28: Individual Life Insurance Category by Volume ('000), 2007–2011Figure 29: Individual Life Insurance Category by Volume ('000), 2011–2016Figure 30: Individual Life Insurance Category by Written Premium (INR Billion), 2007–2011Figure 31: Individual Life Insurance Category by Written Premium (INR Billion), 2011–2016Figure 32: Individual General Annuity Insurance Category by Volume ('000), 2007–2011Figure 33: Individual General Annuity Insurance Category by Volume ('000), 2011–2016Figure 34: Individual General Annuity Insurance Category by Written Premium (INR Billion), 2007–2011Figure 35: Individual General Annuity Insurance Category by Written Premium (INR Billion), 2011–2016Figure 36: Individual Pension Insurance Category by Volume ('000), 2007–2011Figure 37: Individual Pension Insurance Category by Volume ('000), 2011–2016Figure 38: Individual Pension Insurance Category by Written Premium (INR Billion), 2007–2011Figure 39: Individual Pension Insurance Category by Written Premium (INR Billion), 2011–2016Figure 40: Individual Unit-linked Insurance Sub-Category by Volume ('000), 2007–2011Figure 41: Individual Unit-linked Insurance Sub-Category by Volume ('000), 2011–2016Figure 42: Individual Unit-linked Insurance Sub-Category by Written Premium (INR Billion), 2007–2011Figure 43: Individual Unit-linked Insurance Sub-Category by Written Premium (INR Billion), 2011–2016Figure 44: Group Life Insurance Category by Volume ('000), 2007–2011Figure 45: Group Life Insurance Category by Volume ('000), 2011–2016Figure 46: Group Life Insurance Category by Written Premium (INR Billion), 2007–2011Figure 47: Group Life Insurance Category by Written Premium (INR Billion), 2011–2016Figure 48: Group Superannuation Insurance Category by Volume ('000), 2007–2011Figure 49: Group Superannuation Insurance Category by Volume ('000), 2011–2016Figure 50: Group Superannuation Insurance Category by Written Premium (INR Billion), 2007–2011Figure 51: Group Superannuation Insurance Category by Written Premium (INR Billion), 2011–2016Figure 52: Group Unit-Linked Insurance Sub-Category by Volume ('000), 2007–2011Figure 53: Group Unit-Linked Insurance Sub-Category by Volume ('000), 2011–2016Figure 54: Group Unit-Linked Insurance Sub-Category by Written Premium (INR Billion), 2007–2011Figure 55: Group Unit-Linked Insurance Sub-Category by Written Premium (INR Billion), 2011–2016Figure 56: Individual Single Premium Category by Volume ('000), 2007–2011Figure 57: Individual Single Premium Category by Volume ('000), 2011–2016Figure 58: Individual Single Premium Category by Written Premium (INR Billion), 2007–2011Figure 59: Individual Single Premium Category by Written Premium (INR Billion), 2011–2016Figure 60: Individual Non-Single Premium Category by Volume ('000), 2007–2011Figure 61: Individual Non-Single Premium Category by Volume ('000), 2011–2016Figure 62: Individual Non-Single Premium Category by Written Premium (INR Billion), 2007–2011Figure 63: Individual Non-Single Premium Category by Written Premium (INR Billion), 2011–2016Figure 64: Group Single Premium Category by Volume ('000), 2007–2011Figure 65: Group Single Premium Category by Volume ('000), 2011–2016Figure 66: Group Single Premium Category by Written Premium (INR Billion), 2007–2011Figure 67: Group Single Premium Category by Written Premium (INR Billion), 2011–2016Figure 68: Group Non-Single Premium Category by Volume ('000), 2007–2011Figure 69: Group Non-Single Premium Category by Volume ('000), 2011–2016Figure 70: Group Non-Single Premium Category by Written Premium (INR Billion), 2007–2011Figure 71: Group Non-Single Premium Category by Written Premium (INR Billion), 2011–2016Figure 72: Life Insurance New Business Written Premium by Distribution Channels (%Share), 2011 and 2016Figure 73: Life Insurance Market – Direct Marketing Commission Paid (INR Billion), 2007–2011Figure 74: Life Insurance Market – Direct Marketing Commission Paid (INR Billion), 2011–2016Figure 75: Life Insurance Market – Written Premium Through Direct Marketing (INR Billion), 2007–2011Figure 76: Life Insurance Market – Written Premium Through Direct Marketing (INR Billion), 2011–2016Figure 77: Life Insurance Market – Policies Sold Through Direct Marketing ('000), 2007–2011Figure 78: Life Insurance Market – Policies Sold Through Direct Marketing ('000), 2011–2016Figure 79: Life Insurance Market – Number of Direct Marketing Distributors, 2007–2011Figure 80: Life Insurance Market – Number of Direct Marketing Distributors, 2011–2016Figure 81: Life Insurance Market – Bancassurance Commission Paid (INR Billion), 2007–2011Figure 82: Life Insurance Market – Bancassurance Commission Paid (INR Billion), 2011–2016Figure 83: Life Insurance Market – Written Premium Through Bancassurance (INR Billion), 2007–2011Figure 84: Life Insurance Market – Written Premium Through Bancassurance (INR Billion), 2011–2016Figure 85: Life Insurance Market – Policies Sold Through Bancassurance ('000), 2007–2011Figure 86: Life Insurance Market – Policies Sold Through Bancassurance ('000), 2011–2016Figure 87: Life Insurance Market – Number of Bancassurance Distributors, 2007–2011Figure 88: Life Insurance Market – Number of Bancassurance Distributors, 2011–2016Figure 89: Life Insurance Market – Commission Paid to Agencies (INR Billion), 2007–2011Figure 90: Life Insurance Market – Commission Paid to Agencies (INR Billion), 2011–2016Figure 91: Life Insurance Market – Written Premium Through Agencies (INR Billion), 2007–2011Figure 92: Life Insurance Market – Written Premium Through Agencies (INR Billion), 2011–2016Figure 93: Life Insurance Market – Policies Sold Through Agencies ('000), 2007–2011Figure 94: Life Insurance Market – Policies Sold Through Agencies ('000), 2011–2016Figure 95: Life Insurance Market – Number of Agencies, 2007–2011Figure 96: Life Insurance Market – Number of Agencies, 2011–2016Figure 97: Life Insurance Market – Commission Paid to Other Channels (INR Billion), 2007–2011Figure 98: Life Insurance Market – Commission Paid to Other Channels (INR Billion), 2011–2016Figure 99: Life Insurance Market – Written Premium Through Other Channels (INR Billion), 2007–2011Figure 100: Life Insurance Market – Written Premium Through Other Channels (INR Billion), 2011–2016Figure 101: Life Insurance Market – Policies Sold Through Other Channels ('000), 2007–2011Figure 102: Life Insurance Market – Policies Sold Through Other Channels ('000), 2011–2016Figure 103: Life Insurance Market – Number of Distributors in Other Channels, 2007–2011Figure 104: Life Insurance Market – Number of Distributors in Other Channels, 2011–2016Figure 105: Indian Life Insurance Market – Five Forces AnalysisFigure 106: Premium Ceded to Reinsurance by Category (INR Billion), 2007–2016Figure 107: Reinsurance Premium Share by Category, 2011 and 2016Figure 108: Reinsurance Market Dynamics by Category, 2007–2016Figure 109: Reinsurance Ceded by Type of Insurance (INR Billion), 2007–2016Figure 110: Reinsurance Market Dynamics by Type of Insurance, 2007–2016Figure 111: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Figure 112: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016Figure 113: Life Insurance Market Share (%), 2007 and 2010Figure 114: Indian Business Confidence Indicator, 2008–2010Figure 115: Bombay Stock Exchange (BSE), Market Capitalization (US$ Billion), 2003–2009Figure 116: Indian FDI Inflows by Industry (US$ Billion), 2003–2009Figure 117: Indian Deployment of Credit (US$ Billion), 2003–2008Figure 118: Indian GDP at Constant Prices (US$ Billion), 2007–2016Figure 119: Indian GDP Per Capita at Constant Prices (US$), 2007–2016Figure 120: Indian GDP at Current Prices (US$ Billion), 2007–2016Figure 121: Indian GDP Per Capita at Current Prices (US$), 2007–2016Figure 122: Indian GDP Split by Key Sectors (%), 2003 and 2009Figure 123: Indian Agriculture Net Output at Current Prices (INR Trillion), 2007–2016Figure 124: Indian Agriculture Net Output at Current Prices (US$ Billion), 2007–2016Figure 125: Indian Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007–2016Figure 126: Indian Manufacturing Net Output at Current Prices (INR Trillion), 2007–2016Figure 127: Indian Manufacturing Net Output at Current Prices (US$ Billion), 2007–2016Figure 128: Indian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2016Figure 129: Indian Mining, Manufacturing and Utilities Net Output at Current Prices (INR Trillion), 2007–2016Figure 130: Indian Mining, Manufacturing and Utilities Output at Current Prices (US$ Billion), 2007–2016Figure 131: Indian Mining, Manufacturing and Utilities Output at Current Prices as a Percentage of GDP (%), 2007–2016Figure 132: Indian Construction Net Output at Current Prices (INR Trillion), 2007–2016Figure 133: Indian Construction Net Output at Current Prices (US$ Billion), 2007–2016Figure 134: Indian Construction Output at Current Prices as a Percentage of GDP (%), 2007-2016Figure 135: Indian Crude Steel Production (Million Metric Tons), 2007–2016Figure 136: Indian Crude Oil Consumption (Million Tons), 2007–2016Figure 137: Indian Inflation Rate (%), 2007–2016Figure 138: Indian Fiscal Balance as a Percentage of GDP (%), 2007–2010Figure 139: Indian Trade Balance as a Percentage of GDP (%), 2007–2016Figure 140: India Exports as a Percentage of GDP (%), 2007–2016Figure 141: Indian Imports as a Percentage of GDP (%), 2007–2016Figure 142: Indian Exports Growth (%), 2007–2016Figure 143: Indian Imports Growth (%), 2007–2016Figure 144: Indian External Debt as a Percentage of GDP (%), 2007–2011Figure 145: Indian Annual Average Exchange Rate (US$–INR), 2007–2010Figure 146: Indian End of Period Exchange Rate (US$–INR), 2007–2010Figure 147: India Debt Service Ratio (%), 2007–2009Figure 148: Indian Total Number of Airports, 2009Figure 149: Indian Railways and Roadways (Kilometers), 2011Figure 150: Indian Passenger Vehicle Production (Million Units), 2007–2016Figure 151: Indian Commercial Vehicle Production (Units), 2007–2016Figure 152: Indian Passenger Vehicle Exports (Units), 2007–2016Figure 153: Indian Commercial Vehicle Exports (Units), 2007–2016Figure 154: Indian Automotive Components Exports (US$ Billion), 2007–2016Figure 155: Indian Automotive Components Imports (US$ Billion), 2007–2016Figure 156: Indian Passenger Car Penetration (per Thousand People), 2007–2016Figure 157: Indian Motorcycle Penetration (per Thousand People), 2007–2016Figure 158: Indian Total Installed Capacity for Electricity Generation (Million Kilowatts), 2007–2016Figure 159: Indian Installed Capacity for the Generation of Convent
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Nicolas Bombourg
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