Investor Presentaiton
Industry new business¹ trends
Individual WRP in Rs bn
Sensex Private Players ■LIC
551
452
420
401
357
325
315
304
288
292
285
287
291
305
262
273
278
245
230
200208
227214
175
178
172
107
67
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
FY22
Q1 23
Private players
Market share
52%
46%
37%
38%
38%
49%
52%
54%
56%
58%
57%
60%
63%
61%
Growth %
Private
7%
-20%
-24%
2%
-3%
16%
14%
26%
24%
12%
5%
8%
22%
47%
29%
4%
11%
-4%
-2%
-27%
3%
15%
13%
5%
8%
-3%
7%
35%
LIC
17%
-9%
-5%
-2%
-3%
-11%
8%
21%
19%
9%
6%
3%
16%
42%
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)
54
Source: IRDAI and Life Insurance Council
54
Sensex
HDFC
LifeView entire presentation