First Year Premium of Life Insurers as at 30-06-2023.

IRDAI has uploaded the Industry statistics on the First year Premium for Life Insurers for the Financial Year 2023-24 Summary of the details are as under: New Business Statement of Life Insurers for the Period ended 30th June 2023 (Premium & Sum Assured in Rs.Crore) Insurer Premium No. of Policies / Schemes No. of lives covered under Group Schemes Sum Assured Growth over prev year in % Market Share % Growth over prev year in % Market Share % Growth over prev year in % Market Share % Growth over prev year in % Market Share % LIC of India -6.98 61.42 -12.61 67.17 39.62 9.86 -21.67 8.17 Public sector total INR. 44837.20 Crores 3222557 Policies 6912326 Lives INR. 161796.52 Crores SBI Life 11.00 8.50 1.16 8.73 108.30 5.73 44.11 6.96 HDFC Life 23.48 8.21 24.38 4.31 32.83 23.07 96.85 16.86 ICICI Prudential Life -4.17 4.18 -4.45 2.40 13.16 13.49 8.77 12.13 Bajaj Allianz Life -26.05 2.95 18.23 3.00 -13.84 6.75 49.79 10.45 Max Life 24.90 2.54 5.80 2.49 131.70 2.22 89.22 5.21 Tata AIA Life 25.62 2.22 7.17 2.84 85.60 1.01 37.50 10.21 Aditya Birla Sun Life 24.55 2.28 26.57 1.15 29.10 1.75 26.53 3.96 Kotak Mahindra Life 16.81 1.95 -14.24 1.03 28.60 8.89 91.11 5.17 Canara HSBC Life -0.75 0.84 -12.03 0.56 42.17 6.99 40.45 5.24 PNB Met Life 24.40 0.85 3.46 1.21 -36.78 0.65 -18.08 1.97 Star Union Dai-ichi Life 7.84 0.92 5.20 0.65 -36.70 0.61 21.86 1.66 India First Life 46.98 1.01 -4.44 1.17 446.52 10.50 393.33 7.62 Shriram Life 136.79 0.68 -2.69 1.18 285.78 5.89 110.68 1.33 Reliance Nippon Life 6.45 0.37 8.59 0.83 -10.71 0.05 29.86 0.27 Bharti Axa Life -14.14 0.23 0.10 0.42 68.35 0.18 7.56 0.24 Ageas Federal Life 17.33 0.23 18.95 0.20 1962.64 0.16 39.77 0.19 Future Generali Life -54.52 0.10 -13.89 0.13 -55.20 0.02 24.83 0.33 Pramerica Life 125.83 0.30 -4.62 0.14 805.24 1.41 107.99 1.13 Edelweiss Tokio Life -8.10 0.10 -22.73 0.19 405.08 0.08 -29.61 0.10 Exide Life* -100.00 0.00 -100.00 0.00 -100.00 0.00 -100.00 0.00 Aviva Life 55.88 0.12 80.47 0.13 275.65 0.50 127.00 0.66 Aegon Life 1795.14 0.02 466.67 0.07 2543.33 0.13 823.44 0.12 Credit Access Life 0.00 0.00 0.04 0.01 Go Digit 0.00 0.00 0.00 0.00 Private Sector Total 10.58 38.58 3.90 32.83 48.70 90.14 52.52 91.83 INR. 28167.64 Crores 1575369 Policies 63176769 lives INR. 1819105.74 Crores Industry Total -0.91 100.00 -7.80 100.00 47.75 100.00 41.57 100.00 INR. 73004.84 Crores 4797926 Policies 70089095 lives INR. 1980902.27 Crores

Source category: IRDAI

Attachments

• /2023/235_30_06_2023_First_year_premium_of_Life_Insurers_as_at_30_06_2023.pdf