1. 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

2. 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

3. NUMBER OF INSURANCE COMPANIES OPERATING INDIA
Source: IRDAI Annual Report

4. 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

5. 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

6. Source: IRDAI Annual Report 2015 - 2016

7. Source: IRDAI Annual Report 2015 - 2016

8. Source: IRDAI Annual Report 2015 - 2016

10. Source: IRDAI Annual Report 2015 - 2016

11. Source: IRDAI Annual Report 2015 - 2016

12. In the case of LIC, the investment income
including capital gains was ` crore
(` crore in ).
In the case of private insurance industry, the investment income including capital gains was at ` crore in (` crore in ).
Source: IRDAI Annual Report

13. Profit of Life Insurance Companies
During the financial year , the life
insurance industry reported a profit after tax of
` crore as against ` crore in 2014-
15.
Out of twenty-four life insurers in operations
during , 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 ` crore i.e. an increase of 38.06
percent over ` crore in

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

18. Net Profits of Non-life Insurers
During the year , the total net profit
of non-life insurance industry was ` 3238 crore as
against a profit of ` 4639 crore in
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.

20. All the four public sector insurers reported
net profits during the year New India
reported a net profit of ` 829 crore during the year
against a profit of ` 1431 crore in
and thus decreased 42.07%. Net profit of National
has decreased to ` 149 crore from ` 970 crore in
the year , Oriental reported a net profit of `
300 crore during against ` 392 crore in
thus decreased by 23.47%. United India
reported a net profit of ` 221 crore during
against the ` 301 crore in , 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

21. 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.

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

25. Number of policies issued & Number of persons
covered under Health insurance business:
During , the general and health
insurance companies have issued around 1.18 crore
health insurance policies covering crore
persons ( : 28.8 crore) and registered a
growth of 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.

31. 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

32. 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

33. 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

34. 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.