Market Research Report

Life Insurance in India, Key Trends and Opportunities

to 2018
reportscue

Synopsis:
The report provides in-depth market analysis, information and insights into the Indian life
insurance segment, including:
The Indian life insurance segments growth prospects by life insurance category
Key trends and drivers for the life insurance segment
The various distribution channels in the Indian life insurance segment
The detailed competitive landscape of the life insurance segment in India
Detailed regulatory policies of the Indian insurance industry
A description of the life reinsurance segment in India
Porter's Five Forces analysis of the life insurance segment
A benchmarking section on Indian life insurance segment in comparison with other BRICS
countries

Report Overview:
Life insurance was the largest segment in the Indian insurance industry in 2013, and
accounted for 78.5% of the industrys gross written premium. The segment registered
significant growth at a review-period (2009-2013) CAGR of 3.3%. Growth was primarily
attributed to the rapid expansion of group superannuation products, which registered a
review-period CAGR of 21.7% in terms of gross written premium. Steady expansion in the
individual whole life category, which accounted for 77.8% of the life insurance gross written
premium, also contributed to the segments growth.
Sustainable economic growth and rising GDP, increasing levels of employment, an
expanding population, rising life expectancy, increased tax benefits and the introduction of
flexible life insurance plans are expected to support the segments growth over the forecast
period. Gross written premium is projected to increase at a projected forecast-period CAGR
of 6.3%.

Scope :
This report provides a comprehensive analysis of the life insurance segment in India:
It provides historical values for the Indian life insurance segment for the reports 2009-2013
review period, and projected figures for the 2013-2018 forecast period.
It offers a detailed analysis of the key categories in the Indian life insurance segment, along
with market forecasts until 2018.
It covers an exhaustive list of parameters, including written premium, incurred loss, loss
ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total
investment income and retentions.
It analyses the various distribution channels for life insurance products in India.
Using Porters industry-standard Five Forces analysis, it details the competitive
landscape in India for life insurance business.
It provides a detailed analysis of the reinsurance segment in India and its growth
prospects.
It profiles the top life insurance companies in India and outlines the key regulations
affecting them.

Key Highlights :
India ranked 10th out of 147 countries in terms of life insurance business gross written
premium.
The Indian life segment accounted for 78.5% of the industrys gross written premium in
2013, following growth at a review-period CAGR of 3.3%.
Government incentives such as tax exemptions and rebates, along with security of capital by
public insurance companies such as Life Insurance Corporation of India (LIC) drove growth in
the segment.
The individual whole life category was the largest in the life segment and accounted for
77.8% of the segments total gross written premium in 2013.
In July 2013, IRDA proposed an increase in the FDI limit from 26% to 49% in order to
improve, promote and develop the domestic insurance industry.
The low penetration rate of the Indian life segment provides ample scope for the
development of new business over the forecast period.

Table of Contents:
1 Key Facts and Events
2 Executive Summary
3 Introduction
4 Indian Insurance Industry Attractiveness
5 Life Insurance Outlook
6 Analysis by Distribution Channel
7 Governance, Risk and Compliance
8 Competitive Landscape and Strategic Insights
9 Appendix - 1
10 Appendix - 2

Reason To Buy :
Make strategic business decisions using in-depth historic and forecast market data related
to the Indian life insurance segment and each category within it
Understand the demand-side dynamics, key market trends and growth opportunities in the
Indian life insurance segment
Assess the competitive dynamics in the life insurance segment, along with the reinsurance
segment
Identify the growth opportunities and market dynamics in key product categories
Gain insights into key regulations governing the Indian insurance industry, and their impact
on companies and the market's future

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