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Life Insurance in India

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Details

Life Insurance in India

Summary

Life Insurance in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Essential resource for top-line data and analysis covering the India life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2017 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.

The Indian life insurance market had total gross written premiums of USD 72.4bn in 2017, representing a compound annual growth rate (CAGR) of 10.4% between 2013 and 2017.

The life insurance segment was the market's most lucrative in 2017, with total gross written premiums of USD 50.1bn, equivalent to 69.3% of the market's overall value.

The Indian life insurance market has been boosted by a strong growth in the country's middle class, overall wages, and a relatively low life insurance penetration levels which at the end of 2017 stood at just 2.8% according to Swiss Re.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in India

- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in India

- Leading company profiles reveal details of key life insurance market players' global operations and financial performance

- Add weight to presentations and pitches by understanding the future growth prospects of the India life insurance market with five year forecasts

Reasons to buy

- What was the size of the India life insurance market by value in 2017?

- What will be the size of the India life insurance market in 2022?

- What factors are affecting the strength of competition in the India life insurance market?

- How has the market performed over the last five years?

- Who are the top competitiors in India's life insurance market?

READ MORE

Table Of Content

Scope

Table of Contents

Executive Summary 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market share 2

Market rivalry 2

Market Overview 7

Market definition 7

Market analysis 7

Market Data 9

Market value 9

Market Segmentation 10

Category segmentation 10

Geography segmentation 11

Market share 12

Market Outlook 13

Market value forecast 13

Five Forces Analysis 14

Summary 14

Buyer power 16

Supplier power 17

New entrants 18

Threat of substitutes 20

Degree of rivalry 21

Leading Companies 22

HDFC Standard Life Insurance Company Limited 22

ICICI Prudential Life Insurance Company Limited 25

LIC of India 28

SBI Life Insurance Co Ltd 30

Macroeconomic Indicators 31

Country data 31

Methodology 33

Industry associations 34

Related MarketLine research 34

Appendix 35

About MarketLine 35


List Of Figure

List of Figures

Figure 1: India life insurance market value: USD billion, 2013-17

Figure 2: India life insurance market category segmentation: % share, by value, 2017

Figure 3: India life insurance market geography segmentation: % share, by value, 2017

Figure 4: India life insurance market share: % share, by value, 2017

Figure 5: India life insurance market value forecast: USD billion, 2017-22

Figure 6: Forces driving competition in the life insurance market in India, 2017

Figure 7: Drivers of buyer power in the life insurance market in India, 2017

Figure 8: Drivers of supplier power in the life insurance market in India, 2017

Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in India, 2017

Figure 10: Factors influencing the threat of substitutes in the life insurance market in India, 2017

Figure 11: Drivers of degree of rivalry in the life insurance market in India, 2017

Figure 12: HDFC Standard Life Insurance Company Limited: revenues & profitability

Figure 13: HDFC Standard Life Insurance Company Limited: assets & liabilities

Figure 14: ICICI Prudential Life Insurance Company Limited: revenues & profitability

Figure 15: ICICI Prudential Life Insurance Company Limited: assets & liabilities

Figure 16: LIC of India: revenues & profitability


List Of Table

List of Tables

Table 1: India life insurance market value: USD billion, 2013-17

Table 2: India life insurance market category segmentation: USD billion, 2017

Table 3: India life insurance market geography segmentation: USD billion, 2017

Table 4: India life insurance market share: % share, by value, 2017

Table 5: India life insurance market value forecast: USD billion, 2017-22

Table 6: HDFC Standard Life Insurance Company Limited: key facts

Table 7: HDFC Standard Life Insurance Company Limited: key financials (USD )

Table 8: HDFC Standard Life Insurance Company Limited: key financials (Rs.)

Table 9: HDFC Standard Life Insurance Company Limited: key financial ratios

Table 10: ICICI Prudential Life Insurance Company Limited: key facts

Table 11: ICICI Prudential Life Insurance Company Limited: key financials (USD )

Table 12: ICICI Prudential Life Insurance Company Limited: key financials (Rs.)

Table 13: ICICI Prudential Life Insurance Company Limited: key financial ratios

Table 14: LIC of India: key facts

Table 15: LIC of India: key financials (USD )

Table 16: LIC of India: key financials (Rs.)

Table 17: LIC of India: key financial ratios

Table 18: SBI Life Insurance Co Ltd: key facts

Table 19: India size of population (million), 2013-17

Table 20: India gdp (constant 2005 prices, USD billion), 2013-17

Table 21: India gdp (current prices, USD billion), 2013-17

Table 22: India inflation, 2013-17

Table 23: India consumer price index (absolute), 2013-17

Table 24: India exchange rate, 2013-17

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Products and Companies


Companies

HDFC Standard Life Insurance Company Limited

ICICI Prudential Life Insurance Company Limited

LIC of India

SBI Life Insurance Co Ltd

Company Profile

Company Profile Title

Life Insurance in India

Summary

Life Insurance in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Essential resource for top-line data and analysis covering the India life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2017 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.

The Indian life insurance market had total gross written premiums of USD 72.4bn in 2017, representing a compound annual growth rate (CAGR) of 10.4% between 2013 and 2017.

The life insurance segment was the market's most lucrative in 2017, with total gross written premiums of USD 50.1bn, equivalent to 69.3% of the market's overall value.

The Indian life insurance market has been boosted by a strong growth in the country's middle class, overall wages, and a relatively low life insurance penetration levels which at the end of 2017 stood at just 2.8% according to Swiss Re.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in India

- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in India

- Leading company profiles reveal details of key life insurance market players' global operations and financial performance

- Add weight to presentations and pitches by understanding the future growth prospects of the India life insurance market with five year forecasts

Reasons to buy

- What was the size of the India life insurance market by value in 2017?

- What will be the size of the India life insurance market in 2022?

- What factors are affecting the strength of competition in the India life insurance market?

- How has the market performed over the last five years?

- Who are the top competitiors in India's life insurance market?

READ MORE

Scope

Table of Contents

Executive Summary 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market share 2

Market rivalry 2

Market Overview 7

Market definition 7

Market analysis 7

Market Data 9

Market value 9

Market Segmentation 10

Category segmentation 10

Geography segmentation 11

Market share 12

Market Outlook 13

Market value forecast 13

Five Forces Analysis 14

Summary 14

Buyer power 16

Supplier power 17

New entrants 18

Threat of substitutes 20

Degree of rivalry 21

Leading Companies 22

HDFC Standard Life Insurance Company Limited 22

ICICI Prudential Life Insurance Company Limited 25

LIC of India 28

SBI Life Insurance Co Ltd 30

Macroeconomic Indicators 31

Country data 31

Methodology 33

Industry associations 34

Related MarketLine research 34

Appendix 35

About MarketLine 35


List Of Figure

List of Figures

Figure 1: India life insurance market value: USD billion, 2013-17

Figure 2: India life insurance market category segmentation: % share, by value, 2017

Figure 3: India life insurance market geography segmentation: % share, by value, 2017

Figure 4: India life insurance market share: % share, by value, 2017

Figure 5: India life insurance market value forecast: USD billion, 2017-22

Figure 6: Forces driving competition in the life insurance market in India, 2017

Figure 7: Drivers of buyer power in the life insurance market in India, 2017

Figure 8: Drivers of supplier power in the life insurance market in India, 2017

Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in India, 2017

Figure 10: Factors influencing the threat of substitutes in the life insurance market in India, 2017

Figure 11: Drivers of degree of rivalry in the life insurance market in India, 2017

Figure 12: HDFC Standard Life Insurance Company Limited: revenues & profitability

Figure 13: HDFC Standard Life Insurance Company Limited: assets & liabilities

Figure 14: ICICI Prudential Life Insurance Company Limited: revenues & profitability

Figure 15: ICICI Prudential Life Insurance Company Limited: assets & liabilities

Figure 16: LIC of India: revenues & profitability


List Of Table

List of Tables

Table 1: India life insurance market value: USD billion, 2013-17

Table 2: India life insurance market category segmentation: USD billion, 2017

Table 3: India life insurance market geography segmentation: USD billion, 2017

Table 4: India life insurance market share: % share, by value, 2017

Table 5: India life insurance market value forecast: USD billion, 2017-22

Table 6: HDFC Standard Life Insurance Company Limited: key facts

Table 7: HDFC Standard Life Insurance Company Limited: key financials (USD )

Table 8: HDFC Standard Life Insurance Company Limited: key financials (Rs.)

Table 9: HDFC Standard Life Insurance Company Limited: key financial ratios

Table 10: ICICI Prudential Life Insurance Company Limited: key facts

Table 11: ICICI Prudential Life Insurance Company Limited: key financials (USD )

Table 12: ICICI Prudential Life Insurance Company Limited: key financials (Rs.)

Table 13: ICICI Prudential Life Insurance Company Limited: key financial ratios

Table 14: LIC of India: key facts

Table 15: LIC of India: key financials (USD )

Table 16: LIC of India: key financials (Rs.)

Table 17: LIC of India: key financial ratios

Table 18: SBI Life Insurance Co Ltd: key facts

Table 19: India size of population (million), 2013-17

Table 20: India gdp (constant 2005 prices, USD billion), 2013-17

Table 21: India gdp (current prices, USD billion), 2013-17

Table 22: India inflation, 2013-17

Table 23: India consumer price index (absolute), 2013-17

Table 24: India exchange rate, 2013-17

Single User License:
Report can be used by individual purchaser only

Site License: 
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:  
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS


Companies

HDFC Standard Life Insurance Company Limited

ICICI Prudential Life Insurance Company Limited

LIC of India

SBI Life Insurance Co Ltd