Aditya Birla Nuvo Limited - Aditya Birla Nuvo, Ltd
Aditya Birla Nuvo Limited - Aditya Birla Nuvo, Ltd
Aditya Birla Nuvo Limited - Aditya Birla Nuvo, Ltd
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Premium per capita (USD)<br />
Indian Life Insurance Industry<br />
Relatively lower insurance density offers ample opportunity for India 1 Industry moving towards balanced mix of linked & non-linked<br />
2 Top 7 out of 22 private players contribute ~77% of private sector‟s new business<br />
Weighted New Received Premium = 100% of regular first year premium + 10% of single premium<br />
<strong>Birla</strong> Sun Life ranks 5 th with 8.1% market share among private life insurers<br />
Source: Swiss Re, IRDA<br />
28<br />
700<br />
600<br />
25%<br />
US<br />
43%<br />
49% 45%<br />
500<br />
55%<br />
67%<br />
Non<br />
400<br />
Japan<br />
UK<br />
Linked<br />
300<br />
200<br />
China<br />
75%<br />
South<br />
51%<br />
100<br />
India<br />
57%<br />
Korea<br />
55%<br />
Taiwan<br />
HK<br />
45%<br />
0<br />
33%<br />
Singapore<br />
Linked<br />
-100<br />
0 2 4 6 8 10 12 14 16<br />
Premium / GDP (%)<br />
FY05 FY06 FY07 FY08 FY09 FY10<br />
1 Bubble indicates size of life insurance premiums<br />
Private life insurers expanding market size through mass education Private Life Insurers market Share in terms of WNRP<br />
WNRP 2 (` billion)<br />
(Apr-Jun‟10)<br />
ICICI<br />
Others<br />
Prudential<br />
819<br />
22.6%<br />
23.6%<br />
659 639<br />
LIC Max New York<br />
533<br />
57%<br />
7.1%<br />
HDFC<br />
56% 52%<br />
Standard<br />
256<br />
5%<br />
13%<br />
70%<br />
12.0%<br />
84%<br />
Private Bajaj Allianz<br />
104%<br />
Players<br />
7.8%<br />
Reliance Life<br />
70%<br />
44% 48% 43%<br />
SBI Life<br />
9.8%<br />
30%<br />
30%<br />
<strong>Birla</strong> Sun Life 9.1%<br />
FY06 FY07 FY08 FY09 FY10<br />
8.1%
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