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ANNUAL REPORT 2011-12 The share of number of individual policies sold through individual agents of LIC remained stable over the years with a marginal increase over time. It stood at 98.10 per cent in 2011-12, up from 97.99 per cent in 2007-08. The average individual new business premium by individual and corporate agents underwritten by private insurers and LIC for fi ve year (2007-08 to 2011-12) is given below: AVERAGE INDIVIDUAL NEW BUSINESS PREMIUM BY INDIVIDUAL AGENTS (` lakhs) Contd....BOX ITEM 7 AVERAGE INDIVIDUAL NEW BUSINESS PREMIUM BY CORPORATE AGENTS (` lakhs) 2007-08 2008-09 2009-10 2010-11 2011-12 2007-08 2008-09 2009-10 2010-11 2011-12 Private 1.62 1.10 1.01 0.99 0.81 Private 453.10 443.79 492.59 594.82 399.55 LIC 4.22 3.10 3.59 3.75 3.14 LIC 207.81 232.84 235.62 313.42 444.90 Industry 2.94 2.02 2.21 2.34 2.03 Industry 414.00 411.21 448.84 550.36 403.84 From the table, a similar trend may be observed in respect of the premium per policy through the above channels and share of business thereof. Further, it is noticed that the premium per policy underwritten by corporate agents is significantly SHARE OF INDIVIDUAL POLICIES OF DIFFERENT CHANNELS (in per cent) YEAR PRIVATE LIC TOTAL INDIVIDUAL AGENTS CORPORATE AGENTS OTHERS INDIVIDUAL AGENTS CORPORATE AGENTS OTHERS INDIVIDUAL AGENTS CORPORATE AGENTS OTHERS 2007-08 59.73 26.97 13.31 97.99 1.91 0.10 88.01 8.44 3.54 2008-09 56.16 25.73 18.11 97.60 2.32 0.08 85.38 9.22 5.40 2009-10 48.42 35.95 15.62 98.06 1.91 0.03 84.66 11.10 4.24 2010-11 47.65 38.20 14.15 98.06 1.86 0.08 86.44 10.24 3.33 2011-12 48.12 37.72 14.16 98.10 1.64 0.26 88.55 8.53 2.92 80
ANNUAL REPORT 2011-12 Contd....BOX ITEM 7 higher than that of the individual agents. The details of company-wise average individual policies sold and average new business premium through the channels (individuals and corporate agents) is provided in the Statement No. 31 and Statement No. 32 respectively. 81
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ANNUAL REPORT 2011-12 INSURANCE REG
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ANNUAL REPORT 2011-12 CONTENTS MISS
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ANNUAL REPORT 2011-12 IV.4 Promotio
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ANNUAL REPORT 2011-12 I.49 TPA Infr
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ANNUAL REPORT 2011-12 20. Solvency
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ANNUAL REPORT 2011-12 LIST OF ANNEX
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ANNUAL REPORT 2011-12 xvii
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ANNUAL REPORT 2011-12 NAME DESIGNAT
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ANNUAL REPORT 2011-12 NAME MANISH M
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ANNUAL REPORT 2011-12 OVERVIEW The
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ANNUAL REPORT 2011-12 in 2010 and f
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ANNUAL REPORT 2011-12 Formation of
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ANNUAL REPORT 2011-12 32. The regul
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ANNUAL REPORT 2011-12 launched an e
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ANNUAL REPORT 2011-12 adherence to
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ANNUAL REPORT 2011-12 insurers unde
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ANNUAL REPORT 2011-12 factors. The
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ANNUAL REPORT 2011-12 This alone ac
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ANNUAL REPORT 2011-12 STATE-WISE LI
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ANNUAL REPORT 2011-12 Contd.... BOX
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ANNUAL REPORT 2011-12 TABLE I.4 PRE
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ANNUAL REPORT 2011-12 BOX ITEM 2 PE
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ANNUAL REPORT 2011-12 TABLE I.9 COM
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ANNUAL REPORT 2011-12 STATE WISE IN
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ANNUAL REPORT 2011-12 STATE WISE IN
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ANNUAL REPORT 2011-12 STATE WISE GR
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ANNUAL REPORT 2011-12 INDIVIDUAL BU
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ANNUAL REPORT 2011-12 LINKED AND NO
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ANNUAL REPORT 2011-12 LINKED AND NO
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ANNUAL REPORT 2011-12 INDIVIDUAL DE
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ANNUAL REPORT 2011-12 GROUP DEATH C
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ANNUAL REPORT 2011-12 DURATION WISE
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ANNUAL REPORT 2011-12 Contd... STAT
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ANNUAL REPORT 2011-12 EQUITY SHARE
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ANNUAL REPORT 2011-12 LIFE INSURERS
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ANNUAL REPORT 2011-12 STATEMENT 24
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ANNUAL REPORT 2011-12 STATE WISE DI
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ANNUAL REPORT 2011-12 REGION WISE D
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ANNUAL REPORT 2011-12 DURATION WISE
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ANNUAL REPORT 2011-12 GROSS DIRECT
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ANNUAL REPORT 2011-12 SEGMENT WISE
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ANNUAL REPORT 2011-12 Contd….STAT
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ANNUAL REPORT 2011-12 STATE-WISE GR
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ANNUAL REPORT 2011-12 INCURRED CLAI
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ANNUAL REPORT 2011-12 UNDERWRITING
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ANNUAL REPORT 2011-12 UNDERWRITING
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ANNUAL REPORT 2011-12 EQUITY SHARE
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ANNUAL REPORT 2011-12 PUBLIC SECTOR
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ANNUAL REPORT 2011-12 PUBLIC SECTOR
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ANNUAL REPORT 2011-12 PRIVATE SECTO
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ANNUAL REPORT 2011-12 HEALTH INSURE
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ANNUAL REPORT 2011-12 HEALTH INSURE
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ANNUAL REPORT 2011-12 AGRICULTURE I
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ANNUAL REPORT 2011-12 AGRICULTURE I
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ANNUAL REPORT 2011-12 STATE-WISE NU
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ANNUAL REPORT 2011-12 STATE-WISE CO
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ANNUAL REPORT 2011-12 STATUS OF GRI
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ANNUAL REPORT 2011-12 ANNEX 1 INSUR
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ANNUAL REPORT 2011-12 FEE STRUCTURE
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ANNUAL REPORT 2011-12 ANNEX 3 (ii)
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ANNUAL REPORT 2011-12 Contd… ANNE
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ANNUAL REPORT 2011-12 LIST OF MICRO
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ANNUAL REPORT 2011-12 Contd... ANNE
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ANNUAL REPORT 2011-12 CIRCULARS/ORD
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ANNUAL REPORT 2011-12 REGULATIONS F
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