Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Biz i-insight-premium-play

569 views

Published on

Biz-I provides Insights into data. This insight focusses on the cream: which Indian life insurers get higher average premiums? Are they consistent? growing?

Published in: Business
  • Be the first to comment

  • Be the first to like this

Biz i-insight-premium-play

  1. 1. Biz-I Insight: Outliers in Indian individual life insurance • Which insurers have high case sizes for individual policies? • In regular and single premium, are the leaders different? • Are they consistent? Presented by: IBEXI Biz-I © IBEXI Solutions Pvt. Ltd.
  2. 2. Year after year, for regular premium policies to individuals, one Indian life insurer has average premiums far more than the others.90,00080,000 Which insurer70,000 maintains60,000 an average premium double the others?50,00040,000 Which insurer is the30,000 closest competitor?20,00010,000 0 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 © IBEXI Solutions Pvt. Ltd.
  3. 3. Canara HSBC OBCs average AFYP for regular premium far exceeds everyone else in the industry90,00080,000 Canara HSBC OBC -70,000 Far ahead of the60,000 others50,00040,000 HDFC Life - Trying to emerge30,000 above the masses20,00010,000 0 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 © IBEXI Solutions Pvt. Ltd.
  4. 4. For single premium policies, one Indian life insurer has consistently increased its case size.4,000,0003,500,0003,000,000 Which insurers average single premiums2,500,000 are getting sky-high?2,000,0001,500,000 And how well is their single premium business1,000,000 growing? 500,000 0 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 © IBEXI Solutions Pvt. Ltd.
  5. 5. Max Life has hit a few super singles. Case size has grown astonishingly. But cases have plummeted. Its portfolio has been stable while the market has dropped. Max Life - Single Premiums Industry - Single Premiums2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011 Single Premium in crores No. of policies Premium/ Policy Single Premium in crores No. of policies Premium/ Policy Max Life 2006 2007 2008 2009 2010 2011 Industry 2006 2007 2008 2009 2010 2011 Single Premium in crores 161.59 271.76 241.48 193.94 233.34 231.49 Single Premium in crores 23545.99 28770.69 24733.8 30863.53 35873.51 18401.75 No. of policies 8,384 17,675 16,103 6,265 1,275 693 No. of policies 6,717,447 8,440,558 5,950,286 6,749,175 5,594,113 2,786,437 Premium/ Policy 192,736 153,754 149,960 309,561 1,830,118 3,340,354 Premium/ Policy 35,052 34,086 41,567 45,729 64,127 66,040 © IBEXI Solutions Pvt. Ltd.
  6. 6. Thank You Presented by: IBEXI Biz-I© IBEXI Solutions Pvt. Ltd. .

×