annual report 2008-09 - IRDA
annual report 2008-09 - IRDA
annual report 2008-09 - IRDA
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ANNUAL REPORT <strong>2008</strong>-<strong>09</strong><br />
STATEMENT 55<br />
GROUP NEW BUSINESS PERFORMANCE OF LIFE INSURERS FOR <strong>2008</strong>-<strong>09</strong> — CHANNEL WISE<br />
(Premium in Rs crore) (Schemes and lives in nos.)<br />
Insurer Individual Agents Corporate Agents Brokers Direct Selling Total Group New Business Referrals<br />
Banks Others*<br />
Schemes Lives Premium Schemes Lives Premium Schemes Lives Premium Schemes Lives Premium Schemes Lives Premium Schemes Lives Premium Schemes Lives Premium<br />
covered covered covered covered covered covered covered<br />
Aegon Religare - - - - - - - - - - - - 2 2745 0.0003 2 2745 0.0003 - - -<br />
- - - - - - - - - - - - (100.00) (100.00) (100.00) - - -<br />
Aviva 8 4219 2.22 - 22033 0.14 - 3125 0.04 11 20860 1.27 61 1029181 22.47 80 1079418 26.14 - 2 0.01<br />
(10.00) (0.39) (8.49) - (2.04) (0.54) - (0.29) (0.15) (13.75) (1.93) (4.86) (76.25) (95.35) (85.96) - (0.0002) (0.04)<br />
Bajaj Allianz** - - - 9 60557 25.67 5 319574 7.81 - - - 808 6840611 257.52 822 7220742 291.00 - - -<br />
- - - (1.<strong>09</strong>) (0.84) (8.82) (0.61) (4.43) (2.68) - - - (98.30) (94.74) (88.50) - - -<br />
Bharti Axa - - - 1 30607 6.92 3 13943 4.75 - - - - - - 4 44550 11.68 - - -<br />
- - - (25.00) (68.70) (59.29) (75.00) (31.30) (40.71) - - - - - - - - -<br />
Birla Sunlife - - - - - - - - - - - - 208 303<strong>09</strong>0 340.41 208 303<strong>09</strong>0 340.41 - - -<br />
- - - - - - - - - - - - (100.00) (100.00) (100.00) - - -<br />
Canara HSBC - - - - - - - - - - - - 1 2586 0.02 1 2586 0.02 - - -<br />
- - - - - - - - - - - - (100.00) (100.00) (100.00) - - -<br />
DLF Pramerica - - - - - - - - - - - - 1 2602 0.01 1 2602 0.01 - - -<br />
- - - - - - - - - - - - (100.00) (100.00) (100.00) - - -<br />
Future Generali** - - - - - - 1 276 0.02 31 40530 5.41 51 225729 9.06 83 266535 14.49 - - -<br />
- - - - - - (1.20) (0.10) (0.14) (37.35) (15.21) (37.31) (61.45) (84.69) (62.56) - - -<br />
HDFC Std - - - - - - - - - - - - 190 402665 194.48 190 402665 194.48 - - -<br />
- - - - - - - - - - - - (100.00) (100.00) (100.00) - - -<br />
ICICI Pru 17 8041 0.94 - - - 3 37844 2.59 8 14722 8.83 267 751241 1106.02 295 811848 1118.38 - - -<br />
(5.76) (0.99) (0.08) - - - (1.02) (4.66) (0.23) (2.71) (1.81) (0.79) (90.51) (92.53) (98.89) - - -<br />
IDBI Fortis - - - - - - - - - - - - 2 22602 0.03 2 22602 0.03 - - -<br />
- - - - - - - - - - - - (100.00) (100.00) (100.00) - - -<br />
ING Vysya - - - - - - - - - 31 11081 0.68 70 100177 30.17 101 111258 30.85 - - -<br />
- - - - - - - - - (30.69) (9.96) (2.19) (69.31) (90.04) (97.81) - - -<br />
Kotak Mahindra - - - - - - - - - 227 348957 37.23 213 373906 111.06 440 722863 148.29 - - -<br />
- - - - - - - - - (51.59) (48.27) (25.11) (48.41) (51.73) (74.89) - - -<br />
Max NewYork 324 2<strong>09</strong>586 7.85 - - - - - - - - - 22 256286 23.07 346 465872 30.92 - - -<br />
(93.64) (44.99) (25.37) - - - - - - - - - (6.36) (55.01) (74.63) - - -<br />
MetLife 3 2972 0.23 3 10312 20.17 2 304 0.17 65 67423 15.01 93 230577 34.68 166 311588 70.27 - 4769 15.82<br />
(1.81) (0.95) (0.33) (1.81) (3.31) (28.71) (1.20) (0.10) (0.24) (39.16) (21.64) (21.37) (56.02) (74.00) (49.35) - (1.53) (22.52)<br />
Reliance Life 16 1734 2.21 - - - - - - 74 126<strong>09</strong>6 6.41 315 733542 163.43 405 861372 172.05 - - -<br />
(3.95) (0.20) (1.28) - - - - - - (18.27) (14.64) (3.73) (77.78) (85.16) (94.99) - - -<br />
Sahara 3 195 0.003 - - - - - - - - - 13 324872 3.43 16 325067 3.44 - - -<br />
(18.75) (0.06) (0.08) - - - - - - - - - (81.25) (99.94) (99.92) - - -<br />
SBI Life - - - 90 2005756 368.57 4 17539 23.18 - - - 75 5683244 1635.75 169 7706539 2027.50 - - -<br />
- - - (53.25) (26.03) (18.18) (2.37) (0.23) (1.14) - - - (44.38) (73.75) (80.68) - - -<br />
Shriram** - - - - - - - - - 1 6370 0.55 3 38414 0.46 4 44784 1.01 - - -<br />
- - - - - - - - - (25.00) (14.22) (54.28) (75.00) (85.78) (45.72) - - -<br />
Star Union - - - 4 9688 4.35 - - - - - - - - - 4 9688 4.35 - - -<br />
- - - (100.00) (100.00) (100.00) - - - - - - - - - - - -<br />
Tata AIG 11 1744 1.28 - - - - - - 10 2112 5.82 69 387619 141.39 90 391475 148.49 - - -<br />
(12.22) (0.45) (0.86) - - - - - - (11.11) (0.54) (3.92) (76.67) (99.02) (95.22) - - -<br />
Private Total 382 228491 14.73 107 2138953 425.81 18 392605 38.57 458 638151 81.20 2464 17711689 4073.49 3429 211<strong>09</strong>889 4633.81 - 4771 15.83<br />
(11.14) (1.08) (0.32) (3.12) (10.13) (9.19) (0.52) (1.86) (0.83) (13.36) (3.02) (1.75) (71.86) (83.90) (87.91) - (0.02) (0.34)<br />
LIC** 3500 25766<strong>09</strong> 1542.03 1251 107482 143.38 114 143583 92.17 83 5348 2.52 16387 28937639 1<strong>09</strong>56.42 21335 31770661 12736.52 - - -<br />
(16.40) (8.11) (12.11) (5.86) (0.34) (1.13) (0.53) (0.45) (0.72) (0.39) (0.02) (0.02) (76.81) (91.08) (86.02) - - -<br />
Industry Total 3882 2805100 1556.76 1358 2246435 569.19 132 536188 130.74 541 643499 83.72 18851 46649328 15029.91 24764 52880550 17370.32 - 4771 15.83<br />
(15.68) (5.30) (8.96) (5.48) (4.25) (3.28) (0.53) (1.01) (0.75) (2.18) (1.22) (0.48) (76.12) (88.22) (86.53) - (0.01) (0.<strong>09</strong>)<br />
Note: 1) Figures in brackets show percentage to total group new business of each insurer procured through the respective channel.<br />
2) New business premium includes first year premium and single premium.<br />
3) The leads obtained through referral arrangements have been included in the respective channels.<br />
* Any entity other than banks but licensed as a corporate agent.<br />
**It has been confirmed by the insurer that the no. of schemes/ lives have been taken net of all cancellations including freelooks during the financial year.<br />
136
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