|
New Business Statement of Life Insurers for the Period ended 31st August 2024 |
|
(Premium & Sum Assured in Rs.Crore) |
|
Sl No. |
Insurer |
First Year Premium |
No. of Policies / Schemes |
No. of lives covered under Group Schemes |
Sum Assured |
|
For August,2023 |
For August,2024 |
Growth in % |
Up to August, 2023 |
Up to 31st August, 2024 |
Growth in % |
Market Share |
For August, 2023 |
For August, 2024 |
Growth in % |
Up to August, 2023 |
Up to 31st August, 2024 |
Growth in % |
Market Share |
For August,2023 |
For August,2024 |
Growth in % |
Up to August, 2023 |
Up to 31st August, 2024 |
Growth in % |
Market Share |
For August,2023 |
For August,2024 |
Growth in % |
Up to August, 2023 |
Up to 31st August, 2024 |
Growth in % |
Market Share |
|
1 |
Acko Life Insurance |
0.12 |
3.72 |
3084.74 |
0.12 |
26.76 |
22786.73 |
0.02 |
1 |
171 |
17000.00 |
1.00 |
637.00 |
63600.00 |
0.01 |
1724 |
44934 |
2506.38 |
1724 |
297140 |
17135.50 |
0.25 |
6.73 |
506.93 |
7436.90 |
6.73 |
2844.90 |
42197.00 |
0.07 |
|
|
Individual Single Premium |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
0 |
0 |
|
0 |
0 |
|
0.00 |
|
|
|
|
|
|
|
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
|
|
Individual Non-Single Premium |
0.00 |
0.30 |
|
0.00 |
1.24 |
|
0.00 |
0 |
170 |
|
0 |
630 |
|
0.01 |
|
|
|
|
|
|
|
0.00 |
255.20 |
|
0.00 |
1031.81 |
|
0.09 |
|
|
Group Single Premium |
0.12 |
3.42 |
2826.19 |
0.12 |
25.52 |
21725.25 |
0.03 |
1 |
1 |
0.00 |
1 |
7 |
600.00 |
0.55 |
1724 |
44934 |
2506.38 |
1724 |
297140 |
17135.50 |
0.41 |
6.73 |
251.73 |
3642.67 |
6.73 |
1813.09 |
26856.38 |
0.19 |
|
|
Group Non-Single Premium |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
0 |
0 |
|
0 |
|
|
0.00 |
0 |
0 |
|
0 |
0 |
|
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
|
|
Group Yearly Renewable Premium |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
0 |
0 |
|
0 |
0 |
|
0.00 |
0 |
0 |
|
0 |
0 |
|
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2 |
Aditya Birla Sun Life |
597.43 |
650.05 |
8.81 |
2724.81 |
3687.77 |
35.34 |
2.39 |
21645 |
25123 |
16.07 |
96658.00 |
120575.00 |
24.74 |
1.19 |
398353 |
372104 |
-6.59 |
1962527 |
2148810 |
9.49 |
1.81 |
19319.45 |
48762.15 |
152.40 |
121701.93 |
202877.55 |
66.70 |
4.88 |
|
|
Individual Single Premium |
31.15 |
58.91 |
89.11 |
139.22 |
281.42 |
102.14 |
1.51 |
505 |
589 |
16.63 |
2465 |
3029 |
22.88 |
0.59 |
|
|
|
|
|
|
|
45.77 |
65.22 |
42.50 |
229.04 |
317.88 |
38.79 |
2.17 |
|
|
Individual Non-Single Premium |
224.87 |
291.20 |
29.50 |
945.86 |
1174.22 |
24.14 |
3.03 |
21106 |
24493 |
16.05 |
94035 |
117361 |
24.81 |
1.22 |
|
|
|
|
|
|
|
3453.31 |
8377.32 |
142.59 |
15553.65 |
28376.88 |
82.45 |
2.43 |
|
|
Group Single Premium |
324.39 |
282.68 |
-12.86 |
1534.42 |
2136.28 |
39.22 |
2.35 |
2 |
14 |
600.00 |
23 |
75 |
226.09 |
5.94 |
360135 |
271056 |
-24.73 |
1682001 |
1656641 |
-1.51 |
2.30 |
4333.28 |
4481.53 |
3.42 |
19125.23 |
21799.59 |
13.98 |
2.23 |
|
|
Group Non-Single Premium |
8.49 |
0.69 |
-91.86 |
10.14 |
4.55 |
-55.16 |
0.30 |
0 |
0 |
|
0 |
0 |
|
0.00 |
0 |
0 |
|
0 |
0 |
|
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
|
|
Group Yearly Renewable Premium |
8.52 |
16.56 |
94.52 |
95.17 |
91.31 |
-4.06 |
2.06 |
32 |
27 |
-15.63 |
135 |
110 |
-18.52 |
0.78 |
38218 |
101048 |
164.40 |
280526 |
492169 |
75.45 |
1.12 |
11487.09 |
35838.09 |
211.99 |
86794.02 |
152383.20 |
75.57 |
7.83 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 |
Ageas Federal Life |
113.98 |
129.30 |
13.45 |
363.01 |
533.36 |
46.93 |
0.35 |
5346 |
5693 |
6.49 |
19566.00 |
24438.00 |
24.90 |
0.24 |
90684 |
210099 |
131.68 |
264137 |
903073 |
241.90 |
0.76 |
1835.94 |
2502.05 |
36.28 |
7259.18 |
10590.98 |
45.90 |
0.25 |
|
|
Individual Single Premium |
32.93 |
25.53 |
-22.48 |
71.31 |
122.78 |
72.17 |
0.66 |
496 |
518 |
4.44 |
1394 |
2434 |
74.61 |
0.47 |
|
|
|
|
|
|
|
48.11 |
56.07 |
16.53 |
103.71 |
231.82 |
123.54 |
1.58 |
|
|
Individual Non-Single Premium |
58.93 |
74.82 |
26.96 |
195.67 |
282.04 |
44.14 |
0.73 |
4844 |
5170 |
6.73 |
18162 |
21985 |
21.05 |
0.23 |
|
|
|
|
|
|
|
592.89 |
812.28 |
37.00 |
1954.55 |
3171.54 |
62.26 |
0.27 |
|
|
Group Single Premium |
22.11 |
28.94 |
30.88 |
96.02 |
128.45 |
33.77 |
0.14 |
6 |
4 |
-33.33 |
10 |
13 |
30.00 |
1.03 |
90684 |
209271 |
130.77 |
264137 |
901962 |
241.48 |
1.25 |
1194.94 |
1619.10 |
35.50 |
5200.92 |
7086.76 |
36.26 |
0.72 |
|
|
Group Non-Single Premium |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
0 |
0 |
|
0 |
0 |
|
0.00 |
0 |
0 |
|
0 |
0 |
|
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
|
|
Group Yearly Renewable Premium |
0.00 |
0.01 |
|
0.00 |
0.09 |
|
0.00 |
0 |
1 |
|
0 |
6 |
|
0.04 |
0 |
828 |
|
0 |
1111 |
|
0.00 |
0.00 |
14.61 |
|
0.00 |
100.86 |
|
0.01 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4 |
Aviva Life |
24.94 |
24.09 |
-3.41 |
143.85 |
124.80 |
-13.24 |
0.08 |
2336 |
1234 |
-47.17 |
11123.00 |
5598.00 |
-49.67 |
0.06 |
55059 |
61406 |
11.53 |
447232 |
360538 |
-19.38 |
0.30 |
5561.60 |
8533.56 |
53.44 |
22950.76 |
35130.75 |
53.07 |
0.85 |
|
|
Individual Single Premium |
1.59 |
1.52 |
-4.03 |
8.69 |
9.32 |
7.28 |
0.05 |
25 |
23 |
-8.00 |
158 |
158 |
0.00 |
0.03 |
|
|
|
|
|
|
|
1.16 |
0.07 |
-93.91 |
15.86 |
3.28 |
-79.33 |
0.02 |
|
|
Individual Non-Single Premium |
13.48 |
10.93 |
-18.93 |
77.77 |
53.04 |
-31.80 |
0.14 |
2285 |
1167 |
-48.93 |
10866 |
5282 |
-51.39 |
0.05 |
|
|
|
|
|
|
|
210.33 |
175.81 |
-16.41 |
1054.23 |
707.71 |
-32.87 |
0.06 |
|
|
Group Single Premium |
1.31 |
0.91 |
-31.06 |
14.20 |
4.34 |
-69.40 |
0.00 |
0 |
0 |
|
6 |
0 |
-100.00 |
0.00 |
8216 |
4008 |
-51.22 |
220611 |
17797 |
-91.93 |
0.02 |
100.81 |
89.95 |
-10.77 |
1389.47 |
380.90 |
-72.59 |
0.04 |
|
|
Group Non-Single Premium |
0.07 |
0.14 |
103.84 |
0.52 |
0.42 |
-19.94 |
0.03 |
0 |
0 |
|
0 |
0 |
|
0.00 |
0 |
0 |
|
0 |
0 |
|
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
|
|
Group Yearly Renewable Premium |
8.50 |
10.60 |
24.75 |
42.67 |
57.68 |
35.16 |
1.30 |
26 |
44 |
69.23 |
93 |
158 |
69.89 |
1.12 |
46843 |
57398 |
22.53 |
226621 |
342741 |
51.24 |
0.78 |
5249.29 |
8267.73 |
57.50 |
20491.20 |
34038.86 |
66.11 |
1.75 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 |
Bajaj Allianz Life |
926.41 |
952.52 |
2.82 |
3828.06 |
4688.37 |
22.47 |
3.04 |
58304 |
63963 |
9.71 |
259628.00 |
305461.00 |
17.65 |
3.01 |
1444666 |
1118118 |
-22.60 |
7693535 |
7164274 |
-6.88 |
6.05 |
34327.87 |
40038.12 |
16.63 |
275143.32 |
253587.82 |
-7.83 |
6.10 |
|
|
Individual Single Premium |
57.62 |
74.14 |
28.66 |
262.14 |
310.54 |
18.46 |
1.66 |
608 |
824 |
35.53 |
2934 |
3519 |
19.94 |
0.68 |
|
|
|
|
|
|
|
12.34 |
16.69 |
35.22 |
69.87 |
83.00 |
18.79 |
0.57 |
|
|
Individual Non-Single Premium |
479.33 |
585.87 |
22.23 |
1912.79 |
2486.41 |
29.99 |
6.41 |
57662 |
63114 |
9.46 |
256384 |
301721 |
17.68 |
3.14 |
|
|
|
|
|
|
|
13601.58 |
26801.26 |
97.05 |
59409.38 |
108037.91 |
81.85 |
9.24 |
|
|
Group Single Premium |
366.85 |
237.81 |
-35.18 |
1296.32 |
1527.57 |
17.84 |
1.68 |
20 |
11 |
-45.00 |
53 |
52 |
-1.89 |
4.12 |
1206780 |
1019172 |
-15.55 |
5929522 |
6349467 |
7.08 |
8.83 |
9482.25 |
9714.18 |
2.45 |
43182.55 |
54746.02 |
26.78 |
5.60 |
|
|
Group Non-Single Premium |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
0 |
0 |
|
0 |
0 |
|
0.00 |
0 |
0 |
|
0 |
0 |
|
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
|
|
Group Yearly Renewable Premium |
22.61 |
54.70 |
141.99 |
356.82 |
363.85 |
1.97 |
8.22 |
14 |
14 |
0.00 |
257 |
169 |
-34.24 |
1.20 |
237886 |
98946 |
-58.41 |
1764013 |
814807 |
-53.81 |
1.86 |
11231.70 |
3505.99 |
-68.78 |
172481.53 |
90720.89 |
-47.40 |
4.66 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6 |
Bandhan Life |
6.81 |
6.99 |
2.63 |
27.35 |
50.23 |
83.66 |
0.03 |
2109 |
2082 |
-1.28 |
7144.00 |
6968.00 |
-2.46 |
0.07 |
56231 |
7758 |
-86.20 |
199771 |
75158 |
-62.38 |
0.06 |
1420.26 |
1017.12 |
-28.39 |
5023.48 |
5246.11 |
4.43 |
0.13 |
|
|
Individual Single Premium |
0.00 |
0.02 |
-22.48 |
0.01 |
0.15 |
72.17 |
0.66 |
9 |
7 |
4.44 |
200 |
20 |
74.61 |
0.47 |
|
|
|
|
|
|
|
0.00 |
0.75 |
16.53 |
0.40 |
1.45 |
123.54 |
1.58 |
|
|
Individual Non-Single Premium |
0.73 |
2.43 |
26.96 |
2.29 |
8.74 |
44.14 |
0.73 |
2096 |
2072 |
6.73 |
6917 |
6939 |
21.05 |
0.23 |
|
|
|
|
|
|
|
873.46 |
731.08 |
37.00 |
3101.42 |
2673.78 |
62.26 |
0.27 |
|
|
Group Single Premium |
5.93 |
4.37 |
30.88 |
24.55 |
40.16 |
33.77 |
0.14 |
3 |
1 |
-33.33 |
18 |
4 |
30.00 |
1.03 |
51463 |
4912 |
130.77 |
184760 |
40061 |
241.48 |
1.25 |
400.61 |
166.20 |
35.50 |
1492.80 |
1523.54 |
36.26 |
0.72 |
|
|
Group Non-Single Premium |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
0 |
0 |
|
0 |
0 |
|
0.00 |
0 |
0 |
|
0 |
0 |
|
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
|
|
Group Yearly Renewable Premium |
0.15 |
0.17 |
|
0.49 |
1.19 |
|
0.00 |
1 |
2 |
|
9 |
5 |
|
0.04 |
4768 |
2846 |
|
15011 |
35097 |
|
0.00 |
146.20 |
119.09 |
|
428.86 |
1047.34 |
|
0.01 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7 |
Bharti Axa Life |
62.88 |
54.25 |
-13.72 |
288.62 |
231.48 |
-19.80 |
0.15 |
7281 |
5947 |
-18.32 |
33839.00 |
27329.00 |
-19.24 |
0.27 |
38224 |
43834 |
14.68 |
214537 |
175995 |
-17.97 |
0.15 |
1251.44 |
943.86 |
-24.58 |
7165.30 |
3732.34 |
-47.91 |
0.09 |
|
|
Individual Single Premium |
1.28 |
1.09 |
-15.09 |
6.76 |
6.03 |
-10.90 |
0.03 |
72 |
54 |
-25.00 |
292 |
236 |
-19.18 |
0.05 |
|
|
|
|
|
|
|
4.99 |
2.68 |
-46.30 |
28.53 |
17.45 |
-38.84 |
0.12 |
|
|
Individual Non-Single Premium |
47.03 |
43.83 |
-6.81 |
204.24 |
198.37 |
-2.87 |
0.51 |
7209 |
5893 |
-18.25 |
33547 |
27093 |
-19.24 |
0.28 |
|
|
|
|
|
|
|
630.17 |
511.00 |
-18.91 |
3677.47 |
2292.59 |
-37.66 |
0.20 |
|
|
Group Single Premium |
14.57 |
9.34 |
-35.91 |
77.02 |
27.08 |
-64.85 |
0.03 |
0 |
0 |
|
0 |
0 |
|
0.00 |
38225 |
43834 |
14.67 |
183441 |
175995 |
-4.06 |
0.24 |
616.29 |
430.18 |
-30.20 |
3124.76 |
1422.30 |
-54.48 |
0.15 |
|
|
Group Non-Single Premium |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
0 |
0 |
|
0 |
0 |
|
0.00 |
0 |
0 |
|
0 |
0 |
|
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
|
|
Group Yearly Renewable Premium |
0.00 |
0.00 |
-100.00 |
0.60 |
0.00 |
-100.00 |
0.00 |
0 |
0 |
|
0 |
0 |
|
0.00 |
-1 |
0 |
-100.00 |
31096 |
0 |
-100.00 |
0.00 |
-0.01 |
0.00 |
-100.00 |
334.55 |
0.00 |
-100.00 |
0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8 |
Canara HSBC Life |
292.67 |
184.41 |
-36.99 |
1139.49 |
1090.70 |
-4.28 |
0.71 |
15197 |
12776 |
-15.93 |
55827.00 |
74532.00 |
33.51 |
0.73 |
653885 |
27743 |
-95.76 |
7351395 |
5990676 |
-18.51 |
5.06 |
18804.64 |
3516.58 |
-81.30 |
161675.93 |
141909.36 |
-12.23 |
3.41 |
|
|
Individual Single Premium |
6.76 |
4.34 |
-35.84 |
56.01 |
20.22 |
-63.90 |
0.11 |
57 |
45 |
-21.05 |
320 |
243 |
-24.06 |
0.05 |
|
|
|
|
|
|
|
9.02 |
4.53 |
-49.72 |
63.59 |
24.29 |
-61.80 |
0.17 |
|
|
Individual Non-Single Premium |
105.40 |
146.03 |
38.54 |
424.88 |
650.02 |
52.99 |
1.68 |
15140 |
12731 |
-15.91 |
55490 |
74283 |
33.87 |
0.77 |
|
|
|
|
|
|
|
1742.71 |
1585.10 |
-9.04 |
6029.50 |
8488.98 |
40.79 |
0.73 |
|
|
Group Single Premium |
151.13 |
33.13 |
-78.08 |
352.75 |
138.37 |
-60.77 |
0.15 |
0 |
0 |
|
7 |
0 |
-100.00 |
0.00 |
4961 |
5160 |
4.01 |
20995 |
21250 |
1.21 |
0.03 |
1115.42 |
1318.63 |
18.22 |
4532.84 |
5325.91 |
17.50 |
0.54 |
|
|
Group Non-Single Premium |
0.04 |
0.04 |
12.85 |
0.21 |
0.22 |
5.72 |
0.01 |
0 |
0 |
|
2 |
0 |
-100.00 |
0.00 |
17 |
18 |
5.88 |
155 |
72 |
-53.55 |
0.00 |
11.22 |
17.93 |
59.78 |
68.24 |
70.28 |
3.00 |
0.15 |
|
|
Group Yearly Renewable Premium |
29.34 |
0.88 |
-97.00 |
305.63 |
281.87 |
-7.78 |
6.37 |
0 |
0 |
|
8 |
6 |
-25.00 |
0.04 |
648907 |
22565 |
-96.52 |
7330245 |
5969354 |
-18.57 |
13.60 |
15926.27 |
590.39 |
-96.29 |
150981.77 |
127999.89 |
-15.22 |
6.57 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9 |
CreditAccess Life |
7.17 |
10.72 |
49.62 |
12.66 |
42.82 |
238.15 |
0.03 |
4.00 |
71.00 |
1675.00 |
23.00 |
210.00 |
813.04 |
0.00 |
95227 |
119411 |
25.40 |
170950.00 |
542446.00 |
217.31 |
0.46 |
458.19 |
671.60 |
46.58 |
813.79 |
2898.28 |
256.15 |
0.07 |
|
|
Individual Single Premium |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
0 |
0 |
|
0 |
0 |
|
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
|
|
Individual Non-Single Premium |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
0 |
0 |
|
0 |
0 |
|
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
|
|
Group Single Premium |
7.17 |
10.62 |
48.22 |
12.66 |
42.62 |
236.56 |
0.05 |
4 |
70 |
1650.00 |
23 |
195 |
747.83 |
15.44 |
95227 |
119030 |
25.00 |
170950 |
540196 |
216.00 |
0.75 |
458.19 |
670.50 |
46.34 |
813.79 |
2882.50 |
254.21 |
0.29 |
|
|
Group Non-Single Premium |
0.00 |
0.00 |
|
0.00 |
0.00 |
|
0.00 |
0 |
0 |
|
0 |
0 |
|
0.00 |
0 |
0 |
|
0 |
|