Reimagining Growth with Resilience

Industry new business¹ trends Individual WRP in Rs bn 288 269 262 230 203 273 175 304 178 292 H Sensex Private Players ■LIC 452 420 401 357 551 325 315 305 285 287 291 278 245 200208 227214 172 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 Private players Market share 20 57% 52% 46% 37% 38% 38% 49% 52% 54% 56% 58% 57% 60% 63% Growth % Private 1% 7% -20% -24% 2% -3% 16% 14% 26% 24% 12% 5% 8% 22% LIC -22% 29% 4% 11% -4% -2% -27% 3% 15% 13% 5% 8% -3% 7% -10% 17% -9% -5% -2% -3% -11% 8% Overall 21% 19% 9% 6% 3% 16% 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) 62 Source: IRDAI and Life Insurance Council 62 Sensex HDFC Life

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