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Life Insurance in India

  • December 2016
  • -
  • MarketLine
  • -
  • 34 pages

Summary
Life Insurance in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Findings
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in India
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in India
- Leading company profiles reveal details of key life insurance market players' global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the India life insurance market with five year forecasts

Synopsis
Essential resource for top-line data and analysis covering the India life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Reasons To Buy
- What was the size of the India life insurance market by value in 2015?
- What will be the size of the India life insurance market in 2020?
- What factors are affecting the strength of competition in the India life insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in India's life insurance market?

Key Findings
The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2015 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.

The Indian life insurance market had total gross written premiums of $60.1bn in 2015, representing a compound annual growth rate (CAGR) of 7.4% between 2011 and 2015.

The life insurance segment was the market's most lucrative in 2015, with total gross written premiums of $46bn, equivalent to 76.5% of the market's overall value.

The low life insurance penetration rate in this country suggests that there is room for further good growth in this market and it should help to spur expansion in Asia-Pacific as a whole. The recovery since 2012 was underpinned by investment-linked products, which posted strong growth through bancassurance channels.

Table Of Contents

Life Insurance in India
Table of Contents
Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market share
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market share
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
HDFC Standard Life Insurance Company Limited
ICICI Prudential Life Insurance Company Limited
LIC of India
SBI Life Insurance Co. Ltd
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine

List of Tables
Table 1: India life insurance market value: $ billion, 2011-15
Table 2: India life insurance market category segmentation: $ billion, 2015
Table 3: India life insurance market geography segmentation: $ billion, 2015
Table 4: India life insurance market share: % share, by value, 2015
Table 5: India life insurance market value forecast: $ billion, 2015-20
Table 6: HDFC Standard Life Insurance Company Limited: key facts
Table 7: HDFC Standard Life Insurance Company Limited: key financials ($)
Table 8: HDFC Standard Life Insurance Company Limited: key financials (Rs.)
Table 9: HDFC Standard Life Insurance Company Limited: key financial ratios
Table 10: ICICI Prudential Life Insurance Company Limited: key facts
Table 11: LIC of India: key facts
Table 12: LIC of India: key financials ($)
Table 13: LIC of India: key financials (Rs.)
Table 14: LIC of India: key financial ratios
Table 15: SBI Life Insurance Co. Ltd: key facts
Table 16: SBI Life Insurance Co. Ltd: key financials ($)
Table 17: SBI Life Insurance Co. Ltd: key financials (Rs.)
Table 18: SBI Life Insurance Co. Ltd: key financial ratios
Table 19: India size of population (million), 2011-15
Table 20: India gdp (constant 2005 prices, $ billion), 2011-15
Table 21: India gdp (current prices, $ billion), 2011-15
Table 22: India inflation, 2011-15
Table 23: India consumer price index (absolute), 2011-15
Table 24: India exchange rate, 2011-15

List of Figures
Figure 1: India life insurance market value: $ billion, 2011-15
Figure 2: India life insurance market category segmentation: % share, by value, 2015
Figure 3: India life insurance market geography segmentation: % share, by value, 2015
Figure 4: India life insurance market share: % share, by value, 2015
Figure 5: India life insurance market value forecast: $ billion, 2015-20
Figure 6: Forces driving competition in the life insurance market in India, 2015
Figure 7: Drivers of buyer power in the life insurance market in India, 2015
Figure 8: Drivers of supplier power in the life insurance market in India, 2015
Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in India, 2015
Figure 10: Factors influencing the threat of substitutes in the life insurance market in India, 2015
Figure 11: Drivers of degree of rivalry in the life insurance market in India, 2015
Figure 12: HDFC Standard Life Insurance Company Limited: revenues and profitability
Figure 13: HDFC Standard Life Insurance Company Limited: assets and liabilities
Figure 14: LIC of India: revenues and profitability
Figure 15: SBI Life Insurance Co. Ltd: revenues and profitability
Figure 16: SBI Life Insurance Co. Ltd: assets and liabilities

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