Top 20 Insurance Companies

  • October 2019
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TOP 20 INSURANCE COMPANIES B&M AND ICMR SURVEY

TOP 20 INSURANCE COMPANIES • THE JOURNEY OF THE REWARD • INDIA STANDS UN INSURED! • The is the premise that forms the crux of the tremendous market forecasts churned out by insurance companies operating in India. • The present &the future: • Valued at $10.2 billon the Indian insurance industry is on expansion stage

TOP 20 INSURANCE COMPANIES HOW HAS INSURANCE FOR YOU FAIRED IN THE LAST TWO YEARS

22%

WHAT DO YOU CONSIDER INSURANCE AS ?

0% 12%

GONE UP

INVESTMENT SIMPLY INSURANCE SAVING

38%

1%

GONE DOWN

77%

REMAINED SAME

WHAT INFLUENCES YOUR DECISION TO TAKE PLAN ?

50%

WHICH INSURANCE DO YOU PREFER ?

INSURANCE POLICY PREMIUM

10% 1%

29%

26%

SERVICES PROVIDED

8% 17% 42%

INSURANCE COVER

6%

MINIMUM CHARGES 28% EASE OF CLAIMING THE MONEY

GENERAL PUBLIC LIFE PRIVATE INSURANCE GENERAL PRIVATE

33%

LIFE PUBLIC INSURANCE

HAVE YOU TAKEN AN INSURANCE POLICY?

3%

YES NO

97%

TOP 20 INSURANCE COMPANIES PUBLIC-PRIVATE DIVIDE -IS THE EQUATION CHANGING 120.00% 100.00% 1.40% 5.70% 12.30% 21.20%26.50% 80.00%

25.80% PRIVATE PLAYERS

60.00% 98.60%94.30% 87.70% 40.00% 78.80%73.50%74.20% 20.00% 0.00% 1

2

3

4

5

6

LIC

TOP 20 INSURANCE COMPANIES AVIVA

MARKET SHARES OF LIFETATA INSURANCE AIG COMPANIES 2007 KOTAKLILFE 1% 1% 1% 1% 0% 0%7% 6% 3% 2% 1% 1% 1%

75%

ING VYSA MET LIFE SAHARA LIFE BHARATHI AXA LIFE SHIRAM LIFE ICICI PRUDENTIAL BAJAJ ALLIANZ SBI LIFE HDFC STANDARD RELIANCE LIFE MAX NEW YORK BIRLA SUNLIFE LIC

TOP 20 INSURANCE COMPANIES • Investment rather than a cover orientation of insurance is due to the lack of financial literacy. • While the 45-year-old may still get sentimental, the younger generation is quite comfortable with insurance. • This industry has the potential to spawn new billionaires: reason enough for bharti, reliance et al to jump in.

TOP 20 INSURANCE

RANK 1 2 3 4 5 6 7 8 9 10 11 12 13 14

COMPANIES

ICMR SURVEY LIC BAJAJ ALLIANZ SBI ICICI RELIANCE HDFC MAX NEWYORK TATA AIG BIRALA AVIVA KOTAK MAHINDRA ING VYVSA MET LIFE SAHARA INDIA

RANK 4 7 2 9 1 6 2 7 11 10 5 12 14 13

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