Segment-wise Premium Underwritten by Life Insurers

S.No. LIC Private Sector

Segment Item 2019-20 2020-21 2019-20 2020-21

Premium
(₹crore) 57,958.76 33,930.86 44,326.64 46,869.16
First Year Growth
1
Premium (%)
Market 85.02 -41.46 5.82 5.74
Share (%)
56.66 41.99 43.34 58.01

Premium
(₹crore) 120,317.48 150,498.69 36,659.50 47,401.21
Single Growth
2
Premium (%)
Market 8.38 25.08 19.1 29.3
Share (%)
76.65 76.05 23.35 23.95

Premium
(₹crore) 178,276.24 184,429.55
New Business
Growth
3 Premium
(%) 2019-20 2020-21
(1+2)
Market 25.25 3.45 11.45 16.4
Share (%)
68.76 66.17 31.24 33.83

Premium
(₹crore) 201,113.36 218,857.00 112,534.45 131,174.11
Renewal Growth
4
Premium (%)
Market 3.05 8.82 14.88 16.56
Share (%)
64.12 62.53 35.88 37.47

Premium
(₹crore) 379,389.60 403,286.55 193,520.59 225,444.48
Total
Growth
5 Premium
(%)
(3+4) = (6+7)
Market 12.41 6.3 13.42 16.5
Share (%)
66.22 64.14 33.78 35.86
80
2019-20(LIC);
68.76
70

60

50

40

30

20

10

0
2019-20(LIC)

New Business Premium (

Insurers

Total
LIC
2019-20 2020-21 2019-20

102,285.40 80,800.02 New 178,276.24

Premium (₹crore)
Business
3 Growth (%) Market
Premiu
Share (%)
39.71 -21.01 m (1+2) 25.25
100 100 68.76

156,976.98 197,899.90

2019-20(LIC) 2019-20(Private)
10.71 26.07 New Business Premium
68.76(1+2) 31.24
Premium
100 100 80
New (₹crore)
2019-20(LIC);
Business 68.76
Growth
70
3
Premiu (%)
259,262.38 278,699.92 60
m (1+2) Market
50 Share (%)
40 2019-20(Private);
20.59 7.5 31.24
100 100 30 2020-21(LIC) 2020-21(Private)
20
Premium
10 New (₹crore)
313,647.81 350,031.11 66.17 33.83
0 Business Growth
Premiu (%)
2019-20(LIC) 2019-20(Private)
7 11.6 m (1+2) Market
New Business Premium
Share (1+2)
(%) Premium (₹crore) Growth (%) Market Share (%)
100 100

572,910.19 628,731.04

12.75 9.74
100 100
New Business Premium (1+2)

70 2020-21(LIC); 66.17
60
50
2020-21(Private);
40 33.83
30
20
10
0
2020-21(LIC) 2020-21(Private)

New Business Premium (1+2) Premium (₹crore) Growth (%) Market Share (%)
 40 33.83
30
20
10
0
2020-21(LIC) 2020-21(Private)

New Business Premium (1+2) Premium (₹crore) Growth (%) Market Share (%)

80
2019-20(LIC);
68.76
70

60

50

40 2019-20(Private);
31.24
30

20

10

0
2019-20(LIC) 2019-20(Private)

New Business Premium (1+2) Premium ( ₹crore) Growth (%) Market Share (%)
 2020-21

184,429.55

3.45
66.17

Private);
24

Private)

arket Share (%)

0-21(Private);
33.83

0-21(Private)

Market Share (%)

 33.83

0-21(Private)

Market Share (%)