Max India Limited Financial Overview
3
MAX
Indian life insurance industry has evolved since the
opening up of the sector in 2000
MAX
LIFE
INSURANCE
Phase 1 - Joyful Entry (2000-2003)
Entry of Private Players
ā
Introduction of Bancassurance
Phase 2 -Expansion (2004-2008)
Equity Bull Run
ULIP introduced by private players
Phase 3 - Discovering New Normal (2009 onwards)
Global Financial crisis/ Bearish Indian Stock Market
Frequent regulatory interventions
4.6%
4.4%
xx Individual FYP adjusted for Single Premium ("000 Cr.)
4.1%
4.0%
4.0%
Insurance penetration
3.4%
3.2%
3.1%
2.6%
2.5% 2.5%
2.2%
2.3%
55
53
55
50
47
48
47
45
41
40
50%
48%
43%
54%
63%
62%
62%
51%
LIC
21
64%
16
14
10
10
12
12
66%
100%
98%
94%
85%
75%
Private
Players
FYOO
FY01
FY02
FY03
FY04
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
ICICI PRUDENTIAL
HDFC
Life
MAX
LIFE
INSURANCE
kotak
Birla Sun Life
Insurance
TATA AIA
EXIDE Life
Insurance
SBI Life
With us, you're sure
pnb MetLife
BAJAJ Allianz
AVIVA
RELIANCE
Anil Dhirubhai Ambani Group
Life Insurance
INDIA
SAHARA
bharti AXA
FUTURE GENERALI
Shriram Life
TOTAL INSURANCE SOLUTIONS
IDBI FEDERAL
association with Agess
DBI Federal Life Insurance Co Ltd
A Canara HSBC
OBC
Life Insurance
DLF
Pramerica
LIFE INSURANCE
AEGON RELIGARE
LIFE INSURANCE
Star Union
Dai-ichi
LIFE INSURANCE
Source: IKDA
IndiaFirst
Edelweiss
Tokio
life
LIFE INSURANCE
URANCEView entire presentation