Title: First year premium of Life Insurers as at 30.09.2024
Reference No.: First year premium of Life Insurers as at 30.09.2024
Date: 11/10/2024
First year premium of Life Insurers as at 30.09.2024
New Business Statement of Life Insurers for the Period ended 30th September 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 September,2023 For September,2024 Growth in % Up to September, 2023 Up to 30th September, 2024 Growth in % Market Share For September, 2023 For September, 2024 Growth in % Up to September, 2023 Up to 30th September, 2024 Growth in % Market Share For September,2023 For September,2024 Growth in % Up to September, 2023 Up to 30th September, 2024 Growth in % Market Share For September,2023 For September,2024 Growth in % Up to September, 2023 Up to 30th September, 2024 Growth in % Market Share
1 Acko Life Insurance 1.50 3.54 135.35 1.62 30.29 1770.72 0.02 2 143 7050.00 3.00 780.00 25900.00 0.01 40919 42007 2.66 42643 339147 695.32 0.25 179.24 479.78 167.68 185.96 3324.68 1687.83 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 1.54   0.00 0 143   0 773   0.01               0.00 237.87   0.00 1269.68   0.08
  Group Single Premium 1.50 3.24 115.52 1.62 28.76 1675.68 0.03 2 0 -100.00 3 7 133.33 0.46 40919 42007 2.66 42643 339147 695.32 0.41 179.24 241.91 34.97 185.96 2055.00 1005.07 0.18
  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 575.95 1025.19 78.00 3300.75 4712.96 42.78 2.49 22415 29909 33.43 119073.00 150484.00 26.38 1.13 474100 371300 -21.68 2436627 2520110 3.43 1.84 19885.45 35231.72 77.17 141587.38 238109.27 68.17 4.67
  Individual Single Premium 31.54 52.87 67.65 170.76 334.29 95.77 1.40 458 605 32.10 2923 3634 24.32 0.55               44.01 56.02 27.28 273.05 373.90 36.93 1.95
  Individual Non-Single Premium 224.99 370.44 64.65 1170.85 1544.66 31.93 3.07 21924 29255 33.44 115959 146616 26.44 1.16               3428.89 11083.29 223.23 18982.54 39460.17 107.88 2.62
  Group Single Premium 309.47 584.52 88.88 1843.88 2720.80 47.56 2.52 16 20 25.00 39 95 143.59 6.27 423877 284135 -32.97 2105878 1940776 -7.84 2.33 3714.14 4317.61 16.25 22839.36 26117.20 14.35 2.30
  Group Non-Single Premium 0.23 4.61 1887.15 10.37 9.16 -11.68 0.56 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 9.72 12.74 31.06 104.89 104.05 -0.80 1.85 17 29 70.59 152 139 -8.55 0.79 50223 87165 73.56 330749 579334 75.16 1.14 12698.42 19774.81 55.73 99492.43 172158.01 73.04 7.23
                                                           
3 Ageas Federal Life 108.07 136.88 26.66 471.08 670.24 42.28 0.35 4695 6262 33.38 24261.00 30700.00 26.54 0.23 170088 182618 7.37 434225 1085691 150.03 0.79 1939.25 2557.94 31.90 9198.43 13148.92 42.95 0.26
  Individual Single Premium 35.73 24.68 -30.91 107.04 147.46 37.76 0.62 545 498 -8.62 1939 2932 51.21 0.44               53.40 46.60 -12.74 157.11 278.42 77.22 1.45
  Individual Non-Single Premium 45.33 83.46 84.12 241.00 365.50 51.66 0.73 4146 5759 38.90 22308 27744 24.37 0.22               478.20 903.23 88.88 2432.75 4074.78 67.50 0.27
  Group Single Premium 27.01 28.73 6.36 123.04 157.18 27.76 0.15 4 5 25.00 14 18 28.57 1.19 170088 182595 7.35 434225 1084557 149.77 1.30 1407.65 1603.96 13.95 6608.57 8690.72 31.51 0.77
  Group Non-Single Premium 0.00 0.00   0.00 0.00   0.00 0 1   0 1   0.04 0 49   0 49   0.00 0.00 9.30   0.00 9.30   0.02
  Group Yearly Renewable Premium 0.00 0.00   0.00 0.09   0.00 0 -1   0 5   0.03 0 -26   0 1085   0.00 0.00 -5.15   0.00 95.71   0.00
                                                           
4 Aviva Life 31.47 21.89 -30.45 175.32 146.69 -16.33 0.08 2622 1405 -46.41 13745.00 7003.00 -49.05 0.05 96527 37262 -61.40 543759 397800 -26.84 0.29 7303.36 4604.47 -36.95 30254.12 39735.22 31.34 0.78
  Individual Single Premium 2.17 1.85 -14.63 10.86 11.17 2.91 0.05 26 35 34.62 184 193 4.89 0.03               1.14 4.66 307.27 17.01 7.94 -53.33 0.04
  Individual Non-Single Premium 17.37 11.60 -33.22 95.14 64.64 -32.06 0.13 2551 1357 -46.81 13417 6639 -50.52 0.05               272.25 163.35 -40.00 1326.48 871.06 -34.33 0.06
  Group Single Premium 1.72 0.69 -60.11 15.92 5.03 -68.40 0.00 2 0 -100.00 8 0 -100.00 0.00 9476 320 -96.62 230087 18117 -92.13 0.02 130.09 52.97 -59.28 1519.56 433.87 -71.45 0.04
  Group Non-Single Premium 0.07 0.09 38.30 0.59 0.51 -13.19 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 10.14 7.66 -24.51 52.81 65.33 23.70 1.16 43 13 -69.77 136 171 25.74 0.97 87051 36942 -57.56 313672 379683 21.04 0.75 6899.88 4383.49 -36.47 27391.07 38422.35 40.27 1.61
                                                           
5 Bajaj Allianz Life 1147.23 1052.42 -8.26 4975.29 5740.79 15.39 3.03 56572 80665 42.59 316200.00 386126.00 22.11 2.89 1474201 1213594 -17.68 9167736 8377868 -8.62 6.10 28935.17 75909.38 162.34 304078.50 329497.20 8.36 6.47
  Individual Single Premium 47.88 62.69 30.94 310.02 373.23 20.39 1.57 501 688 37.33 3435 4207 22.47 0.63               8.75 18.33 109.54 78.61 101.32 28.89 0.53
  Individual Non-Single Premium 494.74 663.05 34.02 2407.53 3149.46 30.82 6.26 56040 79938 42.64 312424 381659 22.16 3.01               11662.72 26211.66 124.75 71072.10 134249.57 88.89 8.91
  Group Single Premium 588.96 306.22 -48.01 1885.28 1833.80 -2.73 1.70 12 11 -8.33 65 63 -3.08 4.16 1215320 1041845 -14.27 7144842 7391312 3.45 8.86 9053.37 9694.19 7.08 52235.91 64440.21 23.36 5.68
  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 15.65 20.46 30.76 372.47 384.31 3.18 6.82 19 28 47.37 276 197 -28.62 1.12 258881 171749 -33.66 2022894 986556 -51.23 1.95 8210.34 39985.21 387.01 180691.87 130706.09 -27.66 5.49
                                                           
6 Bandhan Life 7.05 10.17 44.24 34.40 60.39 75.58 0.03 2043 2735 33.87 9187.00 9703.00 5.62 0.07 32142 22559 -29.81 231913 97717 -57.86 0.07 1328.60 1534.51 15.50 6352.08 6780.63 6.75 0.13
  Individual Single Premium 0.00 0.04 -30.91 0.01 0.19 37.76 0.62 0 6 -8.62 200 26 51.21 0.44               0.00 0.30 -12.74 0.40 1.75 77.22 1.45
  Individual Non-Single Premium 0.85 5.51 84.12 3.14 14.24 51.66 0.73 2035 2725 38.90 8952 9664 24.37 0.22               850.99 855.56 88.88 3952.41 3529.35 67.50 0.27
  Group Single Premium 6.06 4.20 6.36 30.61 44.36 27.76 0.15 6 2 25.00 24 6 28.57 1.19 26768 7026 7.35 211528 47087 149.77 1.30 361.62 226.09 13.95 1854.42 1749.63 31.51 0.77
  Group Non-Single Premium 0.00 0.00   0.00 0.00   0.00 0 0   0 0   0.04 0 0   0 0   0.00 0.00 0.00   0.00 0.00   0.02
  Group Yearly Renewable Premium 0.14 0.41   0.63 1.60   0.00 2 2   11 7   0.03 5374 15533   20385 50630   0.00 115.99 452.56   544.85 1499.90   0.00
                                                           
7 Bharti Axa Life 88.92 89.88 1.08 377.54 321.35 -14.88 0.17 8860 8230 -7.11 42699.00 35559.00 -16.72 0.27 46210 28284 -38.79 260747 204279 -21.66 0.15 1290.07 1414.44 9.64 8455.37 5146.78 -39.13 0.10
  Individual Single Premium 1.41 2.27 61.78 8.17 8.30 1.61 0.03 61 60 -1.64 353 296 -16.15 0.04               4.26 5.46 28.23 32.79 22.91 -30.12 0.12
  Individual Non-Single Premium 74.35 77.11 3.71 278.59 275.49 -1.11 0.55 8799 8170 -7.15 42346 35263 -16.73 0.28               793.51 983.40 23.93 4470.98 3275.99 -26.73 0.22
  Group Single Premium 13.36 10.49 -21.50 90.38 37.56 -58.44 0.03 0 0   0 0   0.00 47948 28284 -41.01 231389 204279 -11.72 0.24 543.29 425.58 -21.67 3668.04 1847.88 -49.62 0.16
  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 -0.20 0.00 -100.00 0.40 0.00 -100.00 0.00 0 0   0 0   0.00 -1738 0 -100.00 29358 0 -100.00 0.00 -50.99 0.00 -100.00 283.56 0.00 -100.00 0.00
                                                           
8 Canara HSBC Life 247.65 335.14 35.33 1387.14 1425.84 2.79 0.75 22633 18507 -18.23 78460.00 93039.00 18.58 0.70 306482 126190 -58.83 7657877 6116866 -20.12 4.45 11388.28 6133.54 -46.14 173064.22 148042.90 -14.46 2.91
  Individual Single Premium 6.93 5.68 -18.04 62.94 25.90 -58.86 0.11 58 58 0.00 378 301 -20.37 0.05               8.41 6.56 -22.00 71.99 30.85 -57.15 0.16
  Individual Non-Single Premium 172.55 204.06 18.26 597.43 854.08 42.96 1.70 22575 18447 -18.29 78065 92730 18.79 0.73               2708.43 2042.30 -24.59 8737.93 10531.28 20.52 0.70
  Group Single Premium 57.17 121.03 111.71 409.92 259.40 -36.72 0.24 0 0   7 0 -100.00 0.00 6103 5302 -13.12 27098 26552 -2.01 0.03 1379.70 1407.78 2.04 5912.54 6733.69 13.89 0.59
  Group Non-Single Premium 0.00 0.02 -435.76 0.21 0.24 16.20 0.01 0 0   2 0 -100.00 0.00 20 14 -30.00 175 86 -50.86 0.00 11.58 7.01 -39.46 79.82 77.30 -3.16 0.14
  Group Yearly Renewable Premium 11.01 4.35 -60.46 316.65 286.22 -9.61 5.08 0 2   8 8 0.00 0.05 300359 120874 -59.76 7630604 6090228 -20.19 12.01 7280.17 2669.89 -63.33 158261.94 130669.78 -17.43 5.49
                                                           
9 CreditAccess Life 7.45 8.57 14.97 20.11 51.39 155.49 0.03 19.00 33.00 73.68 42.00 243.00 478.57 0.00 76060 91389 20.15 247010.00 633835.00 156.60 0.46 423.14 552.93 30.67 1236.93 3451.21 179.02 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 7.45 8.56 15.02 20.11 51.19 154.54 0.05 18 32 77.78 41 227 453.66 14.97 75500 91198 20.79 246450 631394 156.20 0.76 422.60 552.23 30.67 1236.39 3434.73 177.80 0.30
  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 -53.79 0.00 0.20 4354.59 0.00 1 1 0.00 1 16 1500.00 0.09 560 191 -65.89 560 2441 335.89 0.00 0.54 0.70 29.93 0.54 16.48 2965.78 0.00