Top Private Life Insurance Companies in India
Thursday, June 12, 2008Earlier we have presented statistics on the market share of all the Life Insurance companies in India including LIC [Public Sector]. Today lets analyze the difference in market share of Private Sector Life Insurance Companies over a Year's time.
Top 5 Life Insurance Companies in India at the end of April-2008 are:
ICICI Prudential Life - 22.1%
Bajaj Allianz - 13.8%
SBI Life - 9.8%
Reliance Life - 8%
Max New York - 8%
Top 5 Gaines in Life Insurance Business in a Year:
Reliance Life +3.9% gain in total private life insurance market share
Birla Sunlife +3.3% gain in total private life insurance market share
Met Life +2.8% gain in total private life insurance market share
Aviva +2% gain in total private life insurance market share
SBI Life +1.7% gain in total private life insurance market share
Top Losers in Life Insurance Business in a Year:
ICICI Prudential Life - 8.3% loss in total private life insurance market share
Bajaj Allianz - 2.4% loss in total private life insurance market share
HDFC Standard Life - 1.2% loss in total private life insurance market share
From the above data, the reason is now obvious on why K.V.Kamath, wanted to list ICICI Prudential Life as a separate entity on the bourses.
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