Journey Simplification and Business Resilience

Industry new business¹ trends Individual WRP in Rs bn Sensex Private Players ■LIC 452 420 401 357 304 288 292 285 269 273 262 230 315 305 287 291 278 245 227 203 200208 214 175 178 172 211 128 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 H1 FY22 Private players Market share 57% 52% 46% 37% 38% 38% 49% 52% 54% 56% 58% 57% 60% 62% Growth % Private LIC 1% 7% -20% -24% 2% -3% 16% 14% 26% 24% 12% 5% 8% 32% -22% 29% 4% 11% -4% -2% -27% 3% 15% 13% 5% 8% -3% 4% Overall -10% 17% -9% -5% -2% -3% -11% 8% 21% 19% 9% 6% 3% 20% 52 22 Private sector gained higher Market share than LIC for the first time in FY16, post FY11 regulatory changes Amongst private insurers, insurers with a strong bancassurance platform continue to gain market share 1.Basis Individual Weighted Received Premium (WRP) Source: IRDAI and Life Insurance Council Sensex HDFC Life

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