The below table shows the life insurance premium report, starting from years 2000-01 till 2013-14, across 23 private players and the Life Insurance Corporation of India (LIC) at a glance.
Keynotes:
LIC topped the premium collection, for the year 2013-14, the premium received was Rs.2, 36,942.80 crores. Among the private life insurers, below are the 5 companies that received the highest premium:
ICICI Prudential Life Insurance – Rs.12,428.65 crores
HDFC Standard Life Insurance – Rs.12,062.90 crores
SBI Life Insurance – Rs.10,738.60 crores
Max Life Insurance – Rs.7,278.54 crores
Bajaj Allianz Life Insurance – Rs.5,843.14 crores
LIFE INSURANCE PREMIUM REPORT (premium in Rs. crore)
| INSURER | 2000-01 | 2001-02 | 2002-03 | 2003-04 | 2004-05 | 2005-06 | 2006-07 | 2007-08 | 2008-09 | 2009-10 | 2010-11 | 2011-12 | 2012-13 | 2013-14 |
| Aegon Religare | – | – | – | – | – | – | – | – | 31.21 | 165.65 | 388.61 | 457.32 | 430.5 | 452.07 |
| Aviva | – | – | 13.47 | 81.5 | 253.42 | 600.27 | 1147.23 | 1891.88 | 1992.87 | 2378.01 | 2345.17 | 2415.87 | 2140.67 | 1878.1 |
| Bajaj Allianz | – | 7.14 | 69.17 | 220.8 | 1001.68 | 3133.58 | 5345.24 | 9725.31 | 10624.5 | 11419.71 | 9609.95 | 7483.8 | 6892.7 | 5843.14 |
| Bharti AXA | – | – | – | – | – | – | 7.78 | 118.41 | 360.41 | 669.73 | 792.02 | 774.16 | 744.52 | 872.65 |
| Birla Sun life | 0.32 | 28.26 | 143.92 | 537.54 | 915.47 | 1259.68 | 1776.71 | 3272.19 | 4571.8 | 5505.66 | 5677.07 | 5885.36 | 5216.3 | 4833.05 |
| Canara HSBC | – | – | – | – | – | – | – | – | 296.41 | 842.45 | 1531.86 | 1861.08 | 1912.15 | 1805.88 |
| DHFL Pramerica | – | – | – | – | – | – | – | – | 3.37 | 38.44 | 95.04 | 167.01 | 236.79 | 305.86 |
| Edelweiss Tokio | – | – | – | – | – | – | – | – | – | – | – | 10.88 | 54.83 | 110.9 |
| Exide Life | – | 4.19 | 21.16 | 88.51 | 338.86 | 425.38 | 707.2 | 1158.87 | 1442.28 | 1642.65 | 1708.95 | 1679.98 | 1742.36 | 1830.67 |
| Future Generali | – | – | – | – | – | – | – | 2.49 | 152.6 | 541.51 | 726.16 | 779.58 | 678.29 | 634.16 |
| HDFC Standard | 0.002 | 33.46 | 148.83 | 297.76 | 686.63 | 1569.91 | 2855.87 | 4858.56 | 5564.69 | 7005.1 | 9004.17 | 10202.4 | 11322.68 | 12062.9 |
| ICICI Prudential | 5.97 | 116.38 | 417.62 | 989.28 | 2363.82 | 4261.05 | 7912.99 | 13561.1 | 15356.2 | 16528.75 | 17880.6 | 14021.58 | 13538.24 | 12428.7 |
| IDBI Federal | – | – | – | – | – | – | – | 11.9 | 318.97 | 571.12 | 811 | 736.7 | 804.68 | 826.25 |
| India First | – | – | – | – | – | – | – | – | – | 201.6 | 798.43 | 1297.93 | 1690.08 | 2143.36 |
| Kotak Mahindra | – | 7.58 | 40.32 | 150.72 | 466.16 | 621.85 | 971.51 | 1691.14 | 2343.19 | 10450.03 | 10738.6 | |||
| Max Life | 0.16 | 38.95 | 96.59 | 215.25 | 413.43 | 788.13 | 1500.28 | 2714.6 | 3857.26 | 4860.54 | 5812.63 | 6390.53 | 6638.7 | 7278.54 |
| PNB MetLife | – | 0.28 | 6.47 | 31.06 | 106.55 | 224.21 | 1004.66 | 3225.44 | 4932.54 | 6604.9 | 6571.15 | 5497.62 | 4045.39 | 4283.4 |
| Reliance | – | – | – | – | 1.74 | 27.66 | 51 | 143.49 | 206.47 | 250.59 | 243.41 | 225.95 | 205.38 | 204.63 |
| Sahara | – | 14.69 | 72.39 | 225.67 | 601.18 | 1075.32 | 2928.49 | 5622.14 | 7212.1 | 10104.03 | 12945.3 | 13133.74 | ||
| SBI Life | ||||||||||||||
| Shriram Life | ||||||||||||||
| Star Union Dai-ichi | ||||||||||||||
| Tata AIA | ||||||||||||||
| Private Total | ||||||||||||||
| LIC | ||||||||||||||
| Industry Total | ||||||||||||||
