Insurance Sector

Insurance = Collective bearing of risk

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GROWTH OF LIFE INSURANCE SOME FACTS (MAY 2008): HOW THEY STACK UP Premium income of life insurers in Rs crore April - June Growth % Total Share (%) 2007 2008 LIC 8580.84 7524.56 -12 52.55 ICICI Prudential 1056.45 1,590.27 51 11.11 Bajaj Allianz 731.85 829.24 13 5.79 SBI Life 426.39 1,148.67 169 8.02 HDFC Standard 355.93 490.40 38 3.42 Max New York 289.74 501.16 73 3.50 Reliance Life 204.10 557.33 173 3.89 Birla Sun Life 174.63 501.53 187 3.50 Total Private 3930.95 6,795.64 73 47.45 Total Market 12511.80 14,320.20 14 100.00

Market Share of Private Sector life Insurance Companies

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Insurance can be summed up as “ Praying for the best … … being PREPARED for the WORST ”.

Insurance Sector

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Insurance Sector