Life,Holistic Living: Delivering Superior Customer Experience

48 188 Industry new business trends¹ Sensex Private Players ■LIC Individual WRP in Rs bn 288 304 292 285 273 262 230 200208 227 214 175 178 172 452 420 401 357 551 325 315 305 287 291 278 245 255 148 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 H1 FY23 Private players Market share 52% 46% 37% 38% 38% 49% 52% 54% 56% 58% 57% 60% 63% 63% Growth % Private 7% -20% -24% 2% -3% 16% 14% 26% 24% 12% 5% 8% 22% 21% 29% 4% 11% -4% -2% -27% 3% 15% 13% 5% 8% -3% 7% 15% LIC 17% -9% -5% -2% -3% -11% 8% 21% 19% 9% 6% 3% 16% 19% Overall Private sector remained at higher market share than LIC FY16 onwards Amongst private insurers, insurers with a strong bancassurance platform continue to gain market share 1.Based on Individual Weighted Received Premium (WRP) Source: IRDAI and Life Insurance Council Sensex HDFC Life

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