Investor Presentaiton
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Financialisation of savings: Opportunity for insurance
Household savings1
Distribution of financial savings (including currency)2
70%
85
61%
63%
57%
60%
52%
65
17%
45%
50%
18%
40%
41%
17%
15%
45
36%
45
40%
23.70
25
19.54
30%
25
14.53
13.64
20%
20.61
22.84
5
11.91
14.96
-3.59
391
10%
-7.38
-6.64
-15
0%
FY2014
FY2016
FY2018
FY2020
FY2014
FY2016
FY2018
FY2020
Physical savings
Gross financial savings
Household borrowings
Gross Financial savings as a % of Household Savings
-Net Financial savings as a % of Household Savings
Provident and Pension Funds (Incl. PPF)+ Small savings
Investments
■Life insurance funds
■Currency & deposits
FY2002 FY2008
FY2010 FY2012 FY2014 FY2018 FY2019 FY2020 FY2021
Life insurance premium³ as
% of GDP
2.1%
4.0%
4.1%
3.3%
2.8%
2.7%
2.7%
2.8%
3.2%
ICICI PRUDENTIAL
LIFE INSURANCE
1. Source: RBI and CSO
Source: RBI
2.
3.
Total life insurance industry premium including renewal; Source: IRDAI
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