 The insurance industry of India consist of 57

insurance companies of which 24 are life

insurance business 33 are non life insurance.
Among the life insurance, life insurance
corporation (LIC} is the sole public sector
comapanies,apart from that,among the non-
life insurance there are six public sector
insurars.
General Types Of Insurance

Life Health

Insurance

Accident
Property

Injury
MARKET SHARE
COMPANY APPROXIMATE MARKET SHARE
LIC 50%
ICICI 10%
SBI 5%
BAJAJ 4%
RELIANCE 5%
HDFC 6%
BIRLA 4%
MAX NEW YORK 3%
TATA 2%
MET LIFE 1%
KOTAK 2%
OTHERS 8%
MARKET SIZE
India’s life insurance sector is the biggest in the
world with about 360 million polocies which are
expected to increase at compound annual growth
rate of 12-15% over the next five years. The
insurance industry plans to hike penetration levels
to five percent by 2020.

During April 2015 to March 2016 period, the

life insurance idustry recorded a new premium
income of RS 1.38 Trillion, indicating the growth
rateof 22.5%.
 The general insurance industry recordeda 12% growth
in gross Direct Premium underwritten in April 2016 at
RS 105.25

The general insurance business in India is currently at

RS 78,000 cr (11.44 billion) premium per annum
industry and is growing at a healthy rate of 17 per cent
  T h e co u n t r y i s t h e f i f t e e n t h l a r ge s t
i n s u ra n ce m a r ke t i n t h e wo r l d i n t e r m s o f
p re m i u m vo l u m e , a n d h a s t h e p o t e n t i a l t o
g row e x p o n e n t i a l l y i n t h e co m i n g ye a r
Size of Industry
 According to the life insurance council the Indian life
insurance industry is cosidered the fifth largest life
insurance market , growing at a rapid pace of 32-34%
annually .

Life insurance premium– 20%

Rs 15406.52 crores
Industry growth-36.36%

pvt Total (Rs.19.47183)

LIC(Rs.5503469crs)
Investments And Recent
Development
 The following are some of te major investments and
developments in the Indian insurance sector.

In september 2018, HDFC Ergo launced ‘E@secure’ a

cyber insurance policy for individuals.

Insurance sector companies in india raised around RS

434.3 billion (US$ 6.7 billion) through public issues in
2017
 In 2017, insurance sector in india saw 10 merge and
acquisition (M&A) deals worth US$ 93 million.

India’s leading bourse Bombay stock exchange (BSE)

will set up a join venture with Ebix Inc to build a
robust insurance distribution network in a country
through a new distribution exchange platform.
Three level factors determinants of
profitability in the insurance industry
India insurance industry contribution to GDP
 Insurance has had a very positive impact on India’s
economic development. The sector is gradually
increasing its contribution to the country’s GDP. Due
to the healthy performance of the indian economy ,the
share of life insurance preminums in the gross
domestic saving (GDP) of the households sector has
increased
 Output annum- Indian insurance industry is one of
the booming industries of the economy and is growing
at the rate of 15-20% per annum. Along with the
banking services it contributes to about 7% to the
country’s GDP.
Conclusion
 At present, India accounts for less than .5% of the
world’s total insurance premium,despite being the
second most populous nation.
THANK YOU