Key Indicators of Indian Insurance Market (2001-02) | |
Particulars | Key Indicator |
Size of Market, life and Non-life | $9.94 billion @ |
total global insurance premium | $2422 billions |
Rate of Annual Growth year 2001-02 | Life 43% |
Non-life 13.65% | |
Geographical Restriction for new players | None. Players can operate all over the country |
Equity restriction in a new indian insurance company | Foreign promoter can hold upto 26% of the equity |
Registration Restriction | Composite Registration not available |
Number of Registered Companies | |
Type of Business | |
Life Insurance | |
Public Sector | |
Private | |
Total | |
General Insurance | |
Public Sector | |
Private | |
Total | |
Reinsurance | |
Public Sector | |
Private | |
Total | |
Life insurers | |
Public Sector | |
Private Sector | |
General Insurance | |
Public Sector | |
Private Sector | |
Reinsurance | |
General Insurance Corporation of India | |
Business of New Players - anticipated at the end of three years from now : | |