Trends and Opportunities to Hit the Indian Life Insurance Market in 2016

If you are looking forward to adopting the leading market trends, the provocations in the division of Life Insurance in India, and drivers, you must read Timetric’s recent report on Key Trends and Opportunities to emerge in 2016 and stay functional till 2019 in the division of Life Insurance in India.

The report combines the prime indicators of performance for the specific periods of review (2010 to 2014) and forecast (2014 to 2019), such as written premium, commissions and expenses, total investment incomes and retention's, incurred loss, combined ratio, total assets, loss ratio, frauds and crimes.

At once, the report thoroughly analyzes this segment, targeting its distribution channels and subsequently giving an inclusive overview of the economy of India along with providing an exhaustive overview of India's competitive terrain.

The Bottom Line

The “Life Insurance in India, Key Trends and Opportunities to 2019” report by Timetric combines a brief of market analysis and an exhaustive overview of the division of Life Insurance India, which combines:

Growth prospects of different divisions of Life Insurance Policies in India.

·         Provocations for the division of Life Insurance.

·         An exhaustive overview of Indian economy.

·         Several distribution modes for the division of Life Insurance in India.

·         Information about the competitive terrain in the Indian Life Insurance division.

The Future

Timetric’s report comprises a comprehensive analysis of Indian Life Insurance division:

·         A comprehensive analysis of the key brackets of Life Insurance division in India, combining predictions of the market to 2019.

·         Analysis of several distribution modes of insurance policies in India.

·         Highlighting the projected figures for 2014 to 2019 in the Indian life insurance division.

·         Spotlighting different Life Insurance Plan vendors in India and different directives that influence them all.

Why to Buy                    

·         Analyze the history and future of the complete Indian Life Insurance division and build business-centric strategies.

·         Analyze the Indian Life Insurance division to understand the key trends, provocations, and opportunities for development.

·         Analyze the Life Insurance division in India to evaluate the competitive dynamics.

·         Explore key product categories and recognize development opportunities.

At A Glance

·         In 2014, the Indian Life Insurance division measured 79.5% of the gross written premium, which followed CAGR of 4.4% during the review period 2010 to 2014.

·         In 2015, post FDI limit increased by the government of India from 26% to 49% by passing the Insurance Laws Bill 2015, insurers are expected to invest in this division during 2014 to 2019.

·         Indian Life Insurance division has been one of the top 10 Life Insurance portals for foreign investors while 9 of those are domestic and operational with foreign partners.

·         During this review period, direct marketing approach remained the superior mode in the division on Life Insurance in India, considering over 50% of the fresh business to be direct written premium being cost-effective.

·         Banking personnel facing problems due to rapid application redevelopment or amendments leading to complexities in terms of user interaction. Although bank personnel can be given training to sell insurance policies, it eventually appears to be expensive and resource-consuming.