COMPARATIVE STUDY OF LIFE INSURANCE PRODUCTS

COMPARATIVE STUDY
OF LIFE INSURANCE PRODUCTS

New private co.

 HDFC-STD.LIFE--STD.LIFE U.K.(18.6%)
 MAX NEW YORK--NY LIFE-(26%)
 ICICI-PRU--PRUDENTIAL U.K.(26%)
 OM KOTAK--OLD MUTUAL U.K.(26%)
 BIRLA SUN LIFE -SUN LIFE CANADA (26%)
 SBI LIFE --CARDIFF-FRANCE-(26%)
 TATA-AIG --AIG -U.S.A.(26%)
 ING-VYSYA--ING NETHERLANDS (26%),VYSYA BANK (49%),GMR (25%)
 ALLIANZ BAJAJ--ALLIANZ GERMANY.(26%)
 METLIFE--METLIFE U.S.A.(26%) JAMMU &KASHMIR BANK, M.PALLONJI
 AMP SANMAR--AMP AUSTRALIA (26%)
 AVIVA--CGNU LIFE U.K.& DABUR
 SAHARA INDIA INSURANCE
 SHRIRAM GROUP - SANLAM OF SOUTH AFRICA.
 IDBI, PNB, SAMSUNG,
AXA & MITSUBUSHI
ARE IN THE OFFING
 HUGE POTENTIAL- INSURABLE POPULATION IS AVAILABLE
 NO. OF CROREPATIES IN INDIA INCREASING @ 14% , GLOBAL RATE IS 7%.


TOTAL FIRST YEAR PREMIUM (in Crs)

Life Insurer For 2003-04 For 2004-05

LIC of India 16240.42 19785.93
ICICI 750.91 1584.08
BSLI 449.86 621.28
HDFC 209.33 486.15
SBI Life 202.47 482.93
Tata AIG 180.15 300.22
Bajaj Allianz 179.70 860.01
Max NY 131.48 224.69
OM Kotak 124.08 374.75
Aviva 77.14 192.29
ING Vysya 72.55 281.62
AMP Sanmar 27.88 91.18
Met Life 23.38 56.03
Sahara Life - 1.67
Total FYP of all
Pvt. Companies 2506.07 5556.90



Advertisement Expenses 2004-05
 Name of Co. Exp. in Crs.
 SBI Life 6.6
 Max New York 7.2
 HDFC-Std Life 10.2
 ICICI-Pru 24.3
 LIC of India 42.3
(Source-Eco.Times)

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