2020年印度的保险业：行业概述及市场规模 - 印度品牌价值基金会（英文版）（35页）.pdf

1、For updated information, please visit www.ibef.org August 2020 INSURANCE Table of Contents Executive Summary.3 Advantage India.4 Market Overview .6 Trends and Strategies.23 Growth Drivers.21 Opportunities.26 Useful Information.31 For updated information, please visit www.ibef.orgInsurance 3 EXECUTIV

2、E SUMMARY The insurance industry in India is expected to reach US$ 280 billion by 2020. Life insurance industry in the country is expected to grow 12-15 per cent annually over the next three to five years. Rapidly growing insurance segments The market share of private sector companies in the non-lif

3、e insurance market rose from 15 per cent in FY04 to almost 56 per cent in FY21 (till April 2020). In life insurance segment, private players had a market share of 31.3 per cent in new businesses in FY20. Increasing private sector contribution Crop insurance segment contributed 20 per cent to gross d

4、irect premiums of non-life insurance companies in FY20. Customers can now pay their health insurance premium in instalments. Earlier, health insurance companies used to collect the insurance premiums from customers on annual basis. Enrolments under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) rea

5、ched 154.7 million till December 2019 since the launch of this scheme. Strong growth in the automotive industry over the next decade will be a key driver of motor insurance. Crop, health and motor insurance to drive growth Source: Swiss-Re, IRDAI, General Insurance Council, Life Insurance Council, E

6、conomic Survey 2017-18 Insurance ADVANTAGE INDIA For updated information, please visit www.ibef.orgInsurance 5 ADVANTAGE INDIA Growing interest in insurance among people, innovative products and distribution channels are aiding growth. Growinguseofinternethaspushed the demand. Insurancereachisstilll