NUMBER OF INSURANCE COMPANIES OPERATING INDIA At the end of March 2016, there are 54 insurers operating in India of which: 24 are life insurers, 24are general insurers and 5 are health insurers exclusively doing health insurance business In addition, GIC is the sole national reinsurer. Source: IRDAI Annual Report 2015 - 2016

NUMBER OF INSURANCE COMPANIES OPERATING INDIA Of the 54 insurers presently in operation, Eight are in the public sector and the remaining forty six are in the private sector. Two specialized insurers, namely ECGC and AIC, one life insurer namely LICof India (LIC), four in general insurance and one in reinsurance namely GIC are in public sector. 23 life insurers, 18 general insurers and 5 standalone health insurers are in private sector. Source: IRDAI Annual Report 2015 - 2016

NUMBER OF INSURANCE COMPANIES OPERATING INDIA Source: IRDAI Annual Report 2015 - 2016

INSURANCE BUSINESS: WORLD AND INDIA Globally, the share of life insurance business in total premium was 55.6%. The share of life insurance business in India was at 79% while that of non-life insurance business was at 21 %. In life insurance business, India is ranked 10th among the 88 countries, for which the data was published by Swiss Re. India’s share in global life insurance market was 2.24% during 2015 where as it was 2.08% in 2014. Source: IRDAI Annual Report 2015 - 2016

Insurance Penetration and Density in India The measure of insurance penetration and density reflects the level of development of insurance sector in a country. While insurance penetration is measured as the percentage of insurance premium to GDP, insurance density is calculated as the ratio of premium to population (per capita premium). Source: IRDAI Annual Report 2015 - 2016

Source: IRDAI Annual Report 2015 - 2016

Source: IRDAI Annual Report 2015 - 2016

Source: IRDAI Annual Report 2015 - 2016

Source: IRDAI Annual Report 2015 - 2016

Source: IRDAI Annual Report 2015 - 2016

In the case of LIC, the investment income including capital gains was `157961.30crore (`168063.58 crore in 2014-15). In the case of private insurance industry, the investment income including capital gains was at `13078.73 crore in 2015-16(`78650.52 crore in 2014-15). Source: IRDAI Annual Report 2015 - 2016

Profit of Life Insurance Companies During the financial year 2015-16, the life insurance industry reported a profit after tax of `7414.97 crore as against `7611.31 crore in 2014- 15. Out of twenty-four life insurers in operations during 2015-16, nineteen companies reported profits. They are AvivaLife, Bajaj Allianz, Birla SunLife, Canara HSBC, DHFL Pramerica, EXIDE Life, HDFC Standard, ICICI Prudential, IDBI Federal, India First, Kotak Mahindra, Max Life, PNB MetLife, Sahara India, SBI Life, Shriram Life, Star Union, Tata AIA and LIC of India. LIC of India reported a profit after tax of `2517.85 crore i.e. an increase of 38.06 percent over `1823.78 crore in 2014-15.

Non - Life Insurance Companies: Premium The non-life insurance industry underwrote total direct premium of ` 96379 crore in India for the year 2015-16 as against ` 84686 crore in 2014-15, registering a growth rate of 13.81 percent as against 9.20 percent growth rate recorded in the previous year. The public sector insurers exhibited growth in 2015-16 at 12.08 percent; over the previous year’s growth rate of 10.24 percent. The private general insurers registered a growth rate of 13.12 percent, against 9.62 percent growth rate during the previous

Net Profits of Non-life Insurers During the year 2015-16, the total net profit of non-life insurance industry was ` 3238 crore as against a profit of ` 4639 crore in 2014-15. Thepublic sector companies reported a net profit of 1499 crore. The private sector insurers reported a net profit of ` 1333 crore and specialized insurers have reported ` 583 crore net profit whereas the standalone health insurers reported ` 177 crore net loss.

All the four public sector insurers reported net profits during the year 2015-16. New India reported a net profit of ` 829 crore during the year 2015-16 against a profit of ` 1431 crore in 2014-15 and thus decreased 42.07%. Net profit of National has decreased to ` 149 crore from ` 970 crore in the year 2014-15, Oriental reported a net profit of ` 300 crore during 2015-16 against ` 392 crore in 2014-15 thus decreased by 23.47%. United India reported a net profit of ` 221 crore during 2015-16 against the ` 301 crore in 2014-15, thus decreased by 26.57%. Among the eighteen private general insurance companies, while twelve companies reported net profits, the remaining six companies incurred net losses during 2015-16.

GIC is the national reinsurer, providing reinsurance to the direct general insurance companies in India. The Corporation’s reinsurance program has been designed to meet the objectives of optimizing the retention within the country, ensuring adequate coverage for exposure and developing adequate capacities within the domestic market.

The total net premium written by GIC during 2015-16 increased by 18.17 percent to `16375 crore from `13857crore in 2014-15. The net earned premium of the Reinsurer (the net premium after adjustments for reserve for unexpired risks) during 2015-16 is increased to ` 15173 crore from ` 13558 crore in 2014-15. The net incurred claim ratio has decreased to 85.02 percent in 2015-16 from 87.71 percent in 2014-15.The company reported a net profit of ` 2848 crore in 2015-16 as against net profit of ` 2694 crore in 2014-15.

Number of policies issued & Number of persons covered under Health insurance business: During 2015-16, the general and health insurance companies have issued around 1.18 crore health insurance policies covering 35.90 crore persons (2014-15: 28.8 crore) and registered a growth of 24.65 percent in the number of persons covered over the previous year. In terms of numberof persons covered under health insurance, three fourth of the persons were covered under government sponsored health insurance schemes and the balance one-fourth were covered by group and individual policies issued by general and health insurers.

Name of the Life Insurer 1 AEGON Life Insurance Co. Ltd. 2 Aviva Life Insurance Co. Ltd. 3 Bajaj Allianz Life Insurance Co. Ltd. 4 Bharti AXA Life Insurance Co. Ltd. 5 Birla Sun Life Insurance Co. Ltd. 6 Canara HSBC OBC Life Insurance Co. Ltd. 7 DHFL Pramerica Life Insurance Co. Ltd. 8 Edelweiss Tokio Life Insurance Co. Ltd. 9 Exide Life Insurance Company Limited 10 Future Generali India Life Insurance Co. Ltd. 11 HDFC Standard Life Insurance Co. Ltd. 12 ICICI Prudential Life Insurance Co. Ltd. 13 IDBI Federal Life Insurance Co. Ltd. 14 IndiaFirst Life Insurance Co. Ltd. 15 Kotak Mahindra Old Mutual Life Insurance Co. Ltd. 16 Life Insurance Corporation of India 17 Max Life Insurance Co. Ltd. 18 PNB MetLife India Insurance Co. Ltd. 19 Reliance Life Insurance Co. Ltd. 20 Sahara India Life Insurance Co. Ltd. 21 SBI Life Insurance Co. Ltd. 22 Shriram Life Insurance Co. Ltd. 23 Star Union Dai-ichi Life Insurance C

PRIVATE INSURERS 1 BAJAJ ALLIANZ 2 BHARTI AXA 3 CHOLAMANDALAM MS 4 FUTURE GENERALI 5 HDFC ERGO 6 ICICI LOMBARD 7 IFFCO TOKIO 8 KOTAK MAHINDRA 9 L&T 10 LIBERTY VIDEOCON 11 MAGMA HDI 12 RAHEJA QBE 13 RELIANCE 14 ROYAL SUNDARAM 15 SBI 16 SHRIRAM 17 TATA AIG 18 UNIVERSAL SOMPO PUBLIC INSURERS 18 NATIIONAL 19 NEW INDIA 20 ORIENTAL 21 UNITED INDIA

STANDALONE HEALTH PRIVATE 22 APOLLO MUNICH 23 MAX BUPA 24 RELIGARE HEALTH 25 STAR HEALTH 26 CIGNA TTK SPECIALISED INSURERS 27 AIC 28 ECGC REINSURER 29 GIC

Life Insurance Corporation of India 1. Aegon Life Insurance Co. Ltd. 2. Aviva Life Insurance Co. India Ltd. 3. Bajaj Allianz Life Insurance Co. Ltd. 4. Bharti AXA Life Insurance Co. Ltd. 5. Birla Sun Life Insurance Co. Ltd. 6. Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd. 7. DHFL Pramerica Life Insurance Co. Ltd. 8. Edleweiss Tokio Life Insurance Co. Ltd. 9. Exide Life Insurance Co. Ltd. 10. Future Generali India Life Insurance Co. Ltd. 11. HDFC Standard Life Insurance Co. Ltd. 12. ICICI Prudential Life Insurance Co. Ltd. 13. IDBI Federal Life Insurance Co. Ltd. 14. IndiaFirst Life Insurance Co. Ltd. 15. Kotak Mahindra Old Mutual Life Insurance Ltd. 16. Max Life Insurance Co. Ltd. 17. PNB Met Life India Insurance Co. Ltd. 18. Reliance Nippon Life Insurance Co. Ltd. 19. Sahara India Life Insurance Co. Ltd. 20. SBI Life Insurance Co. Ltd. 21. Shriram Life Insurance Co. Ltd. 22. Star Union Dai-ichi Life Insurance Co. Ltd 23. TATA AIA Life Insurance Co. Ltd.