HDFC Life Corporate Presentation
Industry new business trends¹
Sensex ■ Private Players ■LIC
Individual WRP in Rs bn
551
452
420
401
357
304
315
325
305
292
285
287
291
273
278
262
245
230
20008
227214
175
178
172
288
434
233
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
FY22 9M FY23
Sensex
Private players
Market share
52%
46%
37%
38%
38%
49%
52%
54%
56%
58%
57%
60%
63%
65%
Growth %
Private
7%
-20%
-24%
2%
-3%
16%
14%
26%
24%
12%
5%
8%
22%
19%
29%
4%
11%
-4%
-2%
-27%
3%
15%
13%
5%
8%
-3%
7%
12%
LIC
17%
-9%
-5%
-2%
-3%
-11%
8%
21%
19%
9%
6%
3%
16%
16%
Overall
46
46
■
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
HDFC
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