Life Insurance in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
- The Indian life insurance market had total gross written premiums of $81.4bn in 2020, representing a compound annual growth rate (CAGR) of 9.6% between 2016 and 2020.
- The Life Insurance segment was the market's most lucrative in 2020, with total gross written premiums of $63.6bn, equivalent to 78.2% of the market's overall value.
- Looking forwards, the Indian life insurance market is likely to benefit from new government legislation aimed at boosting foreign direct investment (FDI) across the insurance sector.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the life insurance market in India
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in India
- Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the India life insurance market with five year forecasts
Reasons to Buy
- What was the size of the India life insurance market by value in 2020?
- What will be the size of the India life insurance market in 2025?
- What factors are affecting the strength of competition in the India life insurance market?
- How has the market performed over the last five years?
- How large is India’s life insurance market in relation to its regional counterparts?
Frequently Asked Questions about the Indian Life Insurance Market
What is the estimated value of the Indian Life Insurance Market?
What is the growth rate of the Indian Life Insurance Market?
What is the forecasted size of the Indian Life Insurance Market?
Who are the key companies in the Indian Life Insurance Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 44 |
| Published | October 2021 |
| Forecast Period | 2020 - 2025 |
| Estimated Market Value ( USD | $ 81.44 Billion |
| Forecasted Market Value ( USD | $ 97.41 Billion |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | India |
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- SBI Life Insurance Co Ltd
- ICICI Prudential Life Insurance Co Ltd
- HDFC Life Insurance Co Ltd
- Max Life insurance Co Ltd
