Life Insurance Market in India to 2018: Industry Size, Trends and Forecast Report by

on Wednesday, 15 October 2014 include new market research report " Life Insurance Market in India to 2018: Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

Life insurance was the largest segment in the Indian insurance industry in 2013, and accounted for 78.5% of the industry’s 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 segment’s 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 segment’s growth over the forecast period. Gross written premium is projected to increase at a projected forecast-period CAGR of 6.3%.

  • 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 report’s 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 Porter’s 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.
Reasons 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
Browse More related reports to Insurance at:

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 industry’s 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 segment’s 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.

About Us:

ResearchMoz ( ) is the one stop online destination to find and buy market research reports. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. We provide the market context, competitor insight and future trends needed for strategic planning.

For More Information Kindly Contact: 
Mrs.Sheela AK
Toll Free: 866-997-4948


Post a Comment