Performance of Life Insurance Sector in India (2013-2014 to 2021-2022) | |||||||||||
Particulars | Year Status | Unit | 2013-2014 | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 |
Profile | |||||||||||
No. of Companies | |||||||||||
No. of Life Offices | |||||||||||
Insurance Penetration | |||||||||||
Insurance Density | |||||||||||
Business Figures | |||||||||||
No. of New Policies Issued | |||||||||||
New Business Premium | |||||||||||
Total Premium | |||||||||||
Market Share of Lic (Based on Total Premium) | |||||||||||
Individual Business in Force (No. of Policies) | |||||||||||
Individual Business In Force (Sum Assured) | |||||||||||
Insurance Agents | |||||||||||
No. of Insurance Agents | |||||||||||
Expenses | |||||||||||
Commission Expenses1 | |||||||||||
Operating Expenses | |||||||||||
Policyholders Services | |||||||||||
No. of Claims Submitted/ Intimated (Individual-Death) | |||||||||||
No. of Claims Submitted/ Intimated (Group-Death) | |||||||||||
Amount Claimed/ Intimated (Individual) | |||||||||||
Amount Claimed/ Intimated (Group) | |||||||||||
Total Benefits Paid | |||||||||||
Channel-wise New Business - Amount of Premium (Individual Plus Group) | |||||||||||
Individual Agents | |||||||||||
Corporate Agents-Banks | |||||||||||
Corporate Agents-Others | |||||||||||
Brokers | |||||||||||
Direct Selling | |||||||||||
Mi Agents | |||||||||||
Common Service Centres(Cscs) | |||||||||||
Web-Aggregators | |||||||||||
IMF | |||||||||||
On-Line | |||||||||||
Point of Sale | |||||||||||
Others if Any | |||||||||||
Total | |||||||||||
Referrals | |||||||||||
Channel-wise New Business - No. of Lives Covered (Individual Plus Group) | |||||||||||
Individual Agents | |||||||||||
Corporate Agents-Banks | |||||||||||
Corporate Agents-Others | |||||||||||
Brokers | |||||||||||
Direct Selling | |||||||||||
Common Service Centres (CSCs) | |||||||||||
Mi Agents | |||||||||||
Web Aggregators | |||||||||||
IMF | |||||||||||
Online | |||||||||||
Point of Sale | |||||||||||
Others if Any | |||||||||||
Total | |||||||||||
Referrals | |||||||||||
Region Wise Distribution of Offices | |||||||||||
Metro | |||||||||||
Urban | |||||||||||
Semi-Urban | |||||||||||
Rural | |||||||||||
Unclassified | |||||||||||
Total | |||||||||||
Assets Under Management | |||||||||||
Life Fund | |||||||||||
Pension & General Annuity & Group Fund | |||||||||||
Unit Ulip Fund | |||||||||||
Total Fund | |||||||||||
Profit and Paid-up Capital | |||||||||||
Profit/Loss After Tax | |||||||||||
No. of Companies Made Profit | |||||||||||
No. of Companies Made Loss | |||||||||||
Paid Up Capital | |||||||||||
Redressel of Consumer Grievances | |||||||||||
No. of Grievances Reported During the Year | |||||||||||
No. of Complaints Reported with the Ombudsmen at Difference Centres | |||||||||||
No. of Grievances Resolved During the year | |||||||||||
Resolution Rate2 | |||||||||||
No. of Complaints Disposed by Ombudsmen | |||||||||||
Disposal Rate2 |