New Business Statement of Life Insurers for the Period ended 30th November 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
-24.20
58.78
-1.50
68.59
77.99
14.99
60.26
18.77
Public sector total
124424.31 Crores
10880948 policies
30283684 lives
1058358.28 Crores
Go Digit
0.07
0.00
0.41
2.11
Aegon Life
1731.92
0.03
817.37
0.08
1749.62
0.14
1263.53
0.15
Pramerica Life
85.84
0.31
1.66
0.13
192.68
1.37
84.02
0.96
Shriram Life
71.71
0.52
24.02
1.37
150.28
3.70
62.05
1.17
Aviva Life
37.76
0.11
19.29
0.11
185.55
0.35
178.64
0.72
India First Life
31.30
1.07
-1.05
1.17
127.80
5.94
171.93
4.49
Ageas Federal Life
26.16
0.31
19.46
0.21
4489.66
0.43
33.58
0.23
Max Life
24.86
2.72
22.19
2.47
85.70
2.21
86.98
5.40
SBI Life
20.90
10.11
4.35
8.41
140.42
10.69
34.33
8.25
Tata AIA Life
14.89
2.27
9.87
2.57
110.67
0.73
53.93
9.29
Canara HSBC Life
14.83
0.84
7.63
0.69
51.99
4.08
50.53
3.35
Edelweiss Tokio Life
12.83
0.13
-4.09
0.19
9.06
0.08
-17.04
0.10
HDFC Life
11.51
8.27
23.29
4.11
12.73
21.53
53.43
15.44
Kotak Mahindra Life
7.59
2.04
-5.11
1.03
7.99
7.59
5.90
3.72
Reliance Nippon Life
7.20
0.33
16.34
0.70
69.36
0.09
24.96
0.33
PNB Met Life
4.53
0.88
-0.17
1.06
-40.95
0.51
-43.93
1.49
ICICI Prudential Life
2.01
4.74
-0.12
2.21
14.86
15.66
5.09
11.49
Bajaj Allianz Life
1.00
3.11
23.03
2.69
-30.71
5.98
5.74
6.57
Acko Life Insurance
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Aditya Birla Sun Life
-3.25
2.11
16.96
1.02
-8.61
1.59
-3.67
3.32
Star Union Dai-ichi Life
-5.58
0.90
-0.20
0.74
-18.10
1.44
19.07
2.08
Bharti Axa Life
-14.65
0.23
-7.50
0.35
33.85
0.18
-22.79
0.18
Future Generali Life
-35.48
0.12
-15.68
0.12
-37.99
0.02
-15.96
0.32
Exide Life*
-100.00
0.00
-100.00
0.00
-100.00
0.00
-100.00
0.00
Acko Life Insurance
0.00
0.00
0.07
0.02
CreditAccess Life
0.02
0.00
0.21
0.04
Private Sector Total
11.58
41.22
8.57
31.41
27.84
85.01
32.85
81.23
87266.33 Crores
4983083 policies
171777513 lives
4580266 Crores
Industry Total
-12.65
100.00
1.46
100.00
33.48
100.00
37.25
100.00
211690.65 Crores
15864031 policies
202061197 lives
5638624.26 Crores
Source category: IRDAI
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