Market Share (graphs)

Market share: 2001-02 2002-03

2003-04

2004-05

LIC Company 98% Indian 94%Foreign 87% Market 78% Promoter/ Insurance share Private Partner 6% on Players 2% 13% based22% premium Aviva life Dabur Aviva, UK 1.12 Bajaj Bajaj Auto Allianz, 6.12 Allianz Germany Birla sun Aditya Sun Life, 1.84 life Birla Canada group HDFC HDFC Standard 2.96 Standard Life, UK ICICI ICICI Prudential, 7.11 Prudential Bank UK ING Vysya ING 0.63 Vysya Bank Insurance, Netherlands Kotak Kotak Old Mutual 0.71 Mahindra, Mahindra South Old Bank Africa Mutual Max New Max India New York 1.32 York Life, US MetLife Jammu & MetLife, 0.40 Kashmir US Bank Sahara Sahara None 0.80 Life India Insurance SBI Life SBI Cardiff, 1.52 France Tata AIG Tata AIG, US 1.78 Group

200506 72% 28%

Industry growth rate at 36% (2004-05) with premium income From new business. Source: Financial Express- Delhi

Market Share

Age Wise Clasification 44

45 40

No. of Customers

35 30 25

23

22

20 15 10

11

5 0 18-25

26-30

31-45 Years

46 & Above

Gender

No of Member

MALE

66

FEMALE

34

AGE 18-25 26-30 31-45 46 to above

No Of Members 11 22 44 23

Gender wise clasification 70

66

60

No. of Customers

50 40

34

30 20 10 0 MALE

FEMALE Years

Members

48

50 45 40

40

No. of Customers

35 30 25 20 15

12

10 5 0 2 to 4

5 to 8

8 to aboce No of members

Family member 2-4 5-8 8 to above

No of Member 40 48 12

Income 40K -70K 70K-1 Lake 1 Lake to 3 Lakes 3 Lacks

No of Members 17 41 28 14

Income Wise Classification 45

41

40 35

28

No. of Customers

30 25 20

17

14

15 10 5 0 40 k to 70k

70k to 1 Lake

1 Lake to 3 3 Lake to Lakes Above Income (P.A)

Insurable Member 42%

Uninsurable member 58%

NO OF MEMBER HAVING INSURANCE

NO 58% YES 42%

Only 42%people having insurance in surat so it is potential for insurance company to capture to all that market

40

40

35

28

No. of Customers

30 25

21

20

18

15

11

10 5 0 Self

Spouse

Children

Parents

All

Among that 42% people who having insurance, they have insurance 40% for self 28%for spouse 21% for children and 18% for their parents and 11% for all family member.

Having insurance self spouse children parents all

No of members 40 28 21 18 11

Different policy bought bye customers 35 LIC

30 25 20 15 10 5

Term Plan

Endowment

Whole life

Money Back Retirement

Different Plans

Child Plan

Unit Link Plan

0

No. of Customers

ICICI Birla Sunlife SBI HDFC Bajaj Alliance TATA AIG Kotak Mahindr a ING Vyasya Max Newyork

Under insurable persons 82%

Fully insurable persons 18%

Potential of life insurance

Under Insured 82%

Fully Insured 18%

Only 42 % people having life insurance but among them 82% people are underinsurance and only 18% people are fully insured according to them income

Insurance Plan Term Plan Money back Plan Endowment Plan Child Plan Unit link Plan

Market Share 39% 14% 15% 8% 24%

Market share of diffrent Insurance plan

Unitlink plan 24%

Child Plan 8% Endownment Plan 15%

Term Plan 39%

Moneyback Plan 14%