IRDA Journal September Issue 2013

Volume XI, No.
September 2013
Falling in Line
- Regulatory Compliance
U U
Volume XI, No. 9
September 2013
Falling in Line
U U
Editorial Board
T.S. Vijayan
R. K. Nair
S.V. Mony
V. Manickam
R. Chandrasekaran
Dr. T. Narasimha Rao
Ashvin Parekh
Editor
U. Jawaharlal
Printed by K. Ravindranath and
published by T.S. Vijayan on behalf of
Insurance Regulatory and Development Authority.
Editor: U. Jawaharlal
Printed at Lakshmisri Enterprises
#3-4-417, G-3, Near Kachiguda X Roads, Hyd
and published from
Parishram Bhavan, 3rd Floor
Basheer Bagh
Hyderabad - 500 004
Phone: +91-40-23381100
Fax: +91-40-66823334
e-mail: irdajournal@irda.gov.in
2010 Insurance Regulatory and Development Authority.

Please reproduce with due permission.
Unless explicitly stated, the information and views published in
this Journal may not be construed as those of the Insurance
Regulatory and Development Authority.
From the
Publisher
he economic development of a nation is
essential that all corporate activity has to come under
dependent on the success of its business and
the umbrella of proper monitoring and supervision.
presence of a flourishing of these elements for every
The financial services have become a major
economy that is looking for growth over a period of
component of economic activity globally; and as such,
time.
However, there are boundaries of propriety
account for a large share of the economic output.
within which these industrial or business houses have
Further, services being intangible in nature call for
to function. The absence of such boundaries could lead
specialised skill-sets in their being monitored by the
to undue avarice of the players which would lead to the
supervisors. Within this, insurance supervision is even
detriment of the interests of the common people.
more complex with some of the components being
History has taught us several bitter lessons that
arcane relatively. Besides, as the players are saddled
endorse this opinion. It is in this regard that supervision
with the fiduciary responsibility of living up to peoples
assumes a vital role for the long term success of any
trust, there is a great need for a proper monitoring and
economy. Needless to say that the need for this
supervision of the highest order. As a corollary, players
supervision is more accentuated in those domains
have to comply strictly with the directions and
where the possibility of exploiting the gullible public is
instructions laid down by the supervisors so that the
explicitly more pronounced.
need for a closer monitoring and stepping-in by the
industry; and thus there is essential need for the
regulators is reduced to the greatest extent. Above all, it

The turn of the century has witnessed a few high profile
should be appreciated that the spirit of regulation is
corporate failures globally that led to the enactment of
what is honoured, and not merely a formal fulfilment.
a few major legislations; and this set in motion the

need for every economy to take a deeper look at its own
Regulatory Compliance is the focus of this issue of the
supervisory skills and augment them wherever called
Journal. Being a domain of vast importance and wide
for. Thus the entire process of monitoring and
coverage, the next issue of the Journal will also focus on
supervision world over has assumed a new-found
Regulatory Compliance.
importance. While the level and style of supervision

would vary depending upon the type of corporate
activity and business that a player practises, it is
T.S. Vijayan
inside
issue focus
14 Attention Insurance Companies

Ashvin Parekh
17 Role and Relevance

S R Balachandher
04
Statistics - Life Insurance
21
Theirs Not to Reason Why

Pawan Verma
08
In the Air
24
Remedy for the Malady

Smita Ganesh Prabhu
13
Vantage Point
U. Jawaharlal
28
Evolving Insurance Industry

Lalit Vermani
40
AmBAmaS>rE JmhH$ _m_bo {d^mJ - EH$ godm EH$ MwZmVr
H$_b Mmbm
44
31
Distribution Compliance Framework
~r_m _| {hXr `m| Oar

S>m. AO`Hw$_ma {_lm
C.L. Baradhwaj
46
Statistics - Non-Life Insurance
49
Statistical Supplement (Monthly)
from the editor
Essential Management Function

or an on-going business activity, it is

not unusual, albeit mostly
inadvertently, to deviate from the set
norms or practices during the course of its
business. In order that such deviations do
not recur as also to ensure that better care
is exercised in future,
supervisors/regulators occasionally
penalize the entity; either by admonition
or by slapping fines, depending on the
extent of deviation from the rule. It should
not however be construed that the
penalties imposed on the errant entity
give it an automatic right to feel
sanctified. The trend of laying down
penalties on various entities has been
increasing more recently indicating that
there is scope for improvement by the
players as far as fulfilment of their
obligations is concerned.
In the insurance industry, regulatory
emphasis is certainly on protecting the
policyholders interests, apart from
sectoral development; and there is thus
great need for the players to ensure that
at every stage of the contractual
relationship, total and efficient service is
rendered to the policyholder to keep the
punitive measures at bay. Besides, the
performance of the entity should also be
reported to the regulator at intervals
assigned for each of the activities. Further,
regulatory compliance has to be ensured
for the purpose it is meant and entities
should not take undue advantage of any
possible lapse or deviation in the detail.
Interpretation of a rule or an instruction
can often be vague and ambiguous. In
such cases, it would be better to seek a

clarification or an advice rather than
simply going through the motions
mechanically. Particularly in areas of high
importance like the AML guidelines,
solvency requirements etc. there should
not be any let-up or deviation from the
norms even unknowingly so that the
possibility of getting involved in an
avoidable controversy is warded off. All
this warrants a dedicated work-force to be
assigned with the duties of compliance;
and further that they are updated with the
compliance requirements on a real-time
basis. Compliance should be treated on
priority and should never be relegated to
one of secondary importance.
Regulatory Compliance is the focus of this
issue of the Journal. In the opening
article, Mr. Ashvin Parekh strikes an
advisory note in saying that as the
insurance industry goes along and
gathers further momentum, regulatory
scrutiny would be stepped up and the
players and other stakeholders will have
to be prepared for such an eventuality. In
the next article, Mr. S.R. Balachander writes
that the present day insurance industry
trends are akin to driving a racing car on
empty roads; and cautions that as the
roads get crowded, it would be an entirely
different pathway and the players have to
get used to that. In a good-humoured
write-up, Mr. Pawan Verma narrates the
complexities associated with fulfilling the
compliance requirements in a domain
that is getting increasingly tougher.
In order to keep money-laundering out of

the insurance domain, it is vital that the
insurers follow the Know Your Customer
stipulations strictly. In the next article, Ms.
Smita Ganesh Prabhu gives a vivid account
of this important area of operation which
she says is most vital. Policyholder
protection is at the root of most of the
regulatory impositions; and in that light,
any difficulty associated with regulatory
compliance should be taken in their stride
by the players mentions Mr. Lalit Vermani
in the article that follows. In the last article
of the issue, Mr. C.L. Baradhwaj takes up
the challenges associated with the hugely
important area of distribution in
insurance; and deals with various areas of
regulatory compliance pertaining to
distribution. The second part of the article
on Cancer Insurance by Ms. Seema Arora
in the thinking cap section could not be
carried out in this issue, which we regret.
You would get to read it in the next issue.
In the next issue of the Journal, the focus
will once again be on Regulatory
Compliance; and we will get to see a few
more areas of this vital function. From this
month onwards, the statistics pertaining
to first year premium of Life insurers is
being withdrawn. Readers may kindly
note.
U. Jawaharlal
statistics life insurance
FIRST YEAR PREMIUM OF LIFE INSURERS FOR THE QUARTER JUNE 2013
SI
No
1
A.
1
irda journal September 2013
Non linked*
Life
with profit
without profit
Jun, 2013
Jun, 2012
Jun, 2013
Jun, 2012
Jun, 2013
1770.83
27.74
134199
263234
261198
8107
936.41
6752.29
4563.73
455.16
0.00
255.76
0.00
297.84
0
7693
0
7710
0.00
23.53
0.00
0.00
4.44
Pension
with profit
without profit
0.55
0.95
3.68
0.25
-4
37
124
39
0.00
0.08
8.67
0.01
Health
with profit
without profit
0.00
0.04
0.00
0.26
0
13
0
28
0.00
0.70
0.00
0.27
2500.17
2100.60
405172
277206
7713.01
5032.28
0.00
421.04
0.00
210.09
0
48165
0
15403
0.00
945.90
0.00
0.00
364.25
General Annuity
with profit
without profit
0.00
0.00
0.00
0.00
0
0
0
0
0.00
0.00
0.00
0.00
Pension
with profit
without profit
0.00
5.87
0.00
10.14
0
0
0
63
0.00
0.05
0.00
0.00
0.01
Health
with profit
without profit
0.00
0.10
0.00
0.01
0
14
0
2
0.00
0.27
0.00
0.03
427.01
220.24
48179
15468
946.22
364.29
2927.18
2320.85
453351
292674
8659.23
5396.58
0.00
0.04
0.00
1.22
1.26
0.00
0.07
0.00
1.31
1.39
0
1
0
0
1
1
157
2
0
160
0.10
8.99
0.01
2.36
11.46
0.00
14.30
0.01
2.31
16.63
0.00
0.05
0.00
0.00
0.05
1.31
2928.49
0.00
0.04
0.00
0.00
0.05
1.43
2322.28
0
35
0
0
35
36
453351
2
2872
0
1
2875
3035
292674
0.14
63.90
0.05
0.13
64.22
75.68
8734.91
General Annuity
with profit
without profit
Sub total
Linked*
Life
with profit
without profit
Sub total
C.
Total (A+B)
Riders:
Non linked
Health#
Accident##
Term
Others
Sub total
Linked
Health#
Accident##
Term
Others
Sub total
Total (D+E)
**Grand Total (C+F)
1
2
3
4
E.
F.
G.
Jun,, 2012
885.89
1356.98
B.
1
2
3
4
D.
Particulars
INDIVIDUAL SINGLE PREMIUM (INCLUDING RURAL & SOCIAL)

( M in Crores)
Premium
Policies
Sum Assured
* Excluding rider figures.

** for policies Grand Total is C.
# All riders related to critical illness benefit, hospitalisation benefit and medical treatment.
## Disability related riders.
The premium is actual amount received and not annualised premium.
0.08
29.11
0.10
0.15
29.43
46.06
5442.64 z
FIRST YEAR PREMIUM OF LIFE INSURERS FOR THE QUARTER ENDED JUNE 2013
INDIVIDUAL NON - SINGLE PREMIUM (INCLUDING RURAL & SOCIAL)
A.
1
Particulars
Non linked*
Life
with profit
without profit
Jun, 2012
Sum Assured
Jun, 2013
Jun, 2012
Jun, 2013
4984.21
722.40
5164548
955661
4976308
663795
79073.34
42358.05
76480.61
41221.64
0.43
0.00
0.00
0.00
0
0
0
0
0.00
0.00
0.00
0.00
Pension
with profit
without profit
18.01
26.63
6.90
2.70
-8
-32
3497
1052
-1.19
-0.05
146.75
1.11
Health
with profit
without profit
0.00
19.25
0.00
23.90
0
33136
0
94484
0.00
636.96
0.00
0.00
707.67
8138.57
5740.11
6153305
5739136
122067.11
118557.78
0.02
924.00
0.00
723.46
0
177132
0
130618
0.00
10230.00
0.00
8509.78
General Annuity
with profit
without profit
0.00
0.00
0.00
0.00
0
0
0
0
0.00
0.00
0.00
0.00
Pension
with profit
without profit
0.00
-1.86
0.00
32.33
0
-43
0
4940
0.00
-8.82
0.00
-0.18
Health
with profit
without profit
0.00
14.39
0.00
7.76
0
8705
0
4163
0.00
297.79
0.00
155.49
936.55
763.55
185794
139721
10518.97
8665.09
9075.12
6503.67
6339099
5878857
132586.08
127222.87
2.72
5.54
0.91
2.05
11.22
2.97
5.13
3.49
1.96
13.55
309
1977
127
23
2436
0
24731
187800
10301
3145
225977
493.66
7751.20
214.08
721.26
9180.20
396.22
7480.23
671.55
719.63
9267.63
0.19
0.27
0.01
0.20
0.67
11.89
9087.01
0.11
0.26
0.01
0.11
0.49
14.04
6517.71
9
90
0
17
116
2552
6339099
353
9215
10
1157
10735
236712
5878857
23.15
339.89
17.33
21.26
401.63
9581.83
142167.91
11.96
321.07
14.68
14.26
361.96
9629.60
136852.47
General Annuity
with profit
without profit
Sub total
Linked*
Life
with profit
without profit
Sub total
C.
Total (A+B)
Riders:
Non linked
Health#
Accident##
Term
Others
Sub total
Linked
Health#
Accident##
Term
Others
Sub total
Total (D+E)
**Grand Total (C+F)
1
2
3
4
E.
F.
G.
Jun, 2013
7413.01
661.24
B.
1
2
3
4
D.
Policies
Premium
Jun, 2012

** for policies Grand Total is C.
SI
No
( M in Crores)
statistics life insurance
GROUP SINGLE PREMIUM (INCLUDING RURAL & SOCIAL)
SI
No
1
a)
b)
c)
d)
2
3
4
A.
1
a)
b)
c)
d)
B.
C.
1
2
3
4
D.
1
2
3
4
E.
F.
G.
Particulars
Premium
Jun, 2012
Non linked*
Life
Group Gratuity Schemes
with profit
without profit
Group Savings Linked Schemes
with profit
without profit
EDLI
with profit
without profit
Others
with profit
without profit
General Annuity
with profit
without profit
Pension
with profit
without profit
Health
with profit
without profit
Sub total
Linked*
Life
with profit
without profit
with profit
without profit
EDLI
with profit
without profit
Others
with profit
without profit
General Annuity
with profit
without profit
Pension
with profit
without profit
Health
with profit
without profit
Sub total
Total (A+B)
Riders:
Non linked
Health#
Accident##
Term
Others
Sub total
Linked
Health#
Accident##
Term
Others
Sub total
Total (D+E)
**Grand Total (C+F)
No. of Schemes
( M in Crores)
Sum Assured
Lives Covered
Jun, 2013 Jun, 2012 Jun, 2013 Jun, 2012 Jun, 2013 Jun, 2012
Jun, 2013
0.00
2473.84
0.00
2617.96
0.00
29.00
0
34
0.00
153721.00
0
185920
0.00
103.70
0.00
128.54
0.00
29.34
0.00
35.41
0.00
9.00
0
7
0.00
2623.00
0
2282
0.00
25.07
0.00
10.48
0.00
0.69
0.00
0.50
0.00
20.00
0
22
0.00
52355.00
0
38495
0.00
693.79
0.00
511.20
0.00
1026.61
0.00
988.26
0.00
227.00
0
332
0.00
1826248.00
0
6114062
0.00
41604.81
0.00
65539.25
0.00
1026.64
0.00
834.65
0.00
8.00
0
10
0.00
2368.00
0
68399
0.00
0.00
0.00
0.00
0.12
1674.87
109.44
4321.53
0.00
1.00
1
2
0.00
123333.00
98
0
0.00
83.64
0.00
74.99
0.00
0.00
6232.11
0.00
0.00
8907.74
0.00
0.00
294.00
0
0
408
0.00
0.00
2160648.00
0
0
6409256
0.00
0.00
42511.01
0.00
0.00
66264.44
0.00
44.02
0.00
0.00
56.93
0.00
0.00
0
0
6
0.00
735.00
0
0
2488
0.00
0.07
0.00
0.00
0.23
0.00
4.75
0.00
4.61
0.00
0.00
0
0
0.00
256.00
0
101
0.00
8.45
0.00
7.19
0.00
0.00
0.00
0.00
0.00
0.00
0
0
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1.63
0.00
0.01
0.00
0.00
0
0
0.00
0.00
0
0
0
0
0
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0
0
0.00
0.00
0
0
0.00
0.00
0.00
0.00
0.00
17.86
0.00
14.27
0.00
0.00
0
0
0.00
424.00
0
0
0.00
0.00
0.00
0.00
0.00
0.00
68.26
6300.37
0.00
0.00
75.82
8983.56
0.00
0.00
0.00
294.00
0
0
6
414
0.00
0.00
1415.00
2162063.00
0
0
2589
6411845
0.00
0.00
8.52
42519.53
0.00
0.00
7.42
66271.86
0.17
1.19
0.00
0.00
1.36
0.17
0.93
0.00
0.00
1.10
10.00
32.00
0.00
0.00
42.00
6
12
0
0
18
1755.00
210929.00
0.00
0.00
212684.00
963
3390
0
0
4353
139.22
1995.67
0.00
0.00
2134.89
72.43
467.41
0.00
0.00
539.84
0.00
0.01
0.00
0.00
0.01
1.37
6301.74
0.00
0.01
0.00
0.00
0.01
1.10
8984.66
0.00
0.00
0.00
0.00
0.00
42.00
294.00
0
0
0
0
0
18
414
0.00
0.00
0.00
0.00
0.00
212684.00
2162063.00
0
0
0
0
0
4353
6411845
0.00
0.00
0.00
0.00
0.00
2134.89
44654.42
0.00
0.00
0.00
0.00
0.00
539.84
66811.71

** for no.of schemes & lives covered Grand Total is C.
GROUP NEW BUSINESS-NON-SINGLE PREMIUM (INCLUDING RURAL & SOCIAL)
1
a)
b)
c)
d)
2
3
4
A.
1
a)
b)
c)
d)
B.
C.
1
2
3
4
D.
1
2
3
4
E.
F.
G.
*
**
#
##
Particulars
Premium
Jun, 2012
Non linked*
Life
with profit
4.88
without profit
270.52
with profit
0.78
without profit
76.76
EDLI
with profit
0.00
without profit
6.20
Others
with profit
10.35
without profit
152.56
General Annuity
with profit
0.00
without profit
0.00
Pension
with profit
64.29
without profit
434.81
Health
with profit
0.00
without profit
0.00
Sub total
1021.15
Linked*
Life
with profit
0.00
without profit
66.10
with profit
0.00
without profit
3.21
EDLI
with profit
0.00
without profit
0.00
Others
with profit
0.00
without profit
5.86
General Annuity
with profit
0.00
without profit
0.00
Pension
with profit
0.00
without profit
5.45
Health
with profit
0.00
without profit
0.00
Sub total
80.62
Total (A+B)
1101.77
Riders:
Non linked
Health#
1.42
Accident##
0.84
Term
0.03
Others
0.01
Sub total
2.30
Linked
Health#
0.00
Accident##
0.00
Term
0.00
Others
0.00
Sub total
0.00
Total (D+E)
2.30
**Grand Total (C+F)
1104.07
No. of Schemes
Sum Assured
Lives Covered
Jun, 2013 Jun, 2012 Jun, 2013 Jun, 2012 Jun, 2013 Jun, 2012
Jun, 2013
0.00
442.60
1.00
526.00
0
795
38.00
684340.00
-3
802337
0.00
3331.65
0.00
5866.14
1.68
35.72
0.00
112.00
0
148
584.00
1056366.00
1783
125218
4.26
3495.71
16.57
1426.71
0.00
8.45
0.00
246.00
0
164
0.00
611736.00
0
640919
0.00
6087.17
0.00
7066.13
0.00
180.03
2.00
3862.00
0
5003
18087.00
7961352.00
-3
7186219
1.81
96452.48
0.00
107675.04
0.00
0.00
0.00
0.00
0
0
0.00
0.00
0
0
0.00
0.00
0.00
0.00
0.00
557.44
0.00
19.00
0
36
711.00
33884.00
0
52264
0.00
18.26
0.00
1.34
0.00
0.02
1225.94
0.00
0.00
4768.00
0
0
6146
0.00
5.00
10367103.00
0
102
8808836
0.00
0.23
109391.57
0.00
3.08
122055.01
0.00
0.00
115.54
0.00
80.00
0
0
94
0.00
117984.00
0
0
186317
0.00
182.47
0.00
0.00
234.32
0.00
5.28
0.00
24.00
0
22
0.00
12099.00
0
12389
0.00
208.30
0.00
230.46
0.00
0.00
0.00
0.00
0
0
0.00
0.00
0
0
0.00
0.00
0.00
0.00
0.00
32.46
0.00
1.00
0
12
0.00
241.00
0
2202
0.00
3.89
0.00
27.75
0.00
0.00
0.00
0.00
0
0
0.00
0.00
0
0
0.00
0.00
0.00
0.00
0.00
11.49
0.00
15.00
0
16
0.00
1721.00
0
1770
0.00
0.00
0.00
0.00
0.00
0.00
164.77
1390.71
0.00
0.00
120.00
4888.00
0
0
144
6290
0.00
0.00
132045.00
10499148.00
0
0
202678
9011514
0.00
0.00
394.66
109786.23
0.00
0.00
492.52
122547.53
1.36
0.77
0.01
0.02
2.15
35.00
12.00
0.00
3.00
50.00
45
15
0
4
64
164581.00
15400.00
2077.00
568.00
182626.00
73198
16774
1714
848
92534
14639.66
1445.67
446.45
359.11
16890.89
0.00
7036.47
1187.74
178.53
448.12
8850.87
0.01
0.00
0.00
0.00
0.01
2.17
1392.87
0.00
0.00
0.00
0.00
0.00
50.00
4888.00
1
1
1
0
3
67
6290
0.00
0.00
0.00
0.00
0.00
182626.00
10499148.00
452
452
452
0
1356
93890
9011514
0.00
0.00
0.00
0.00
0.00
16890.89
126677.12
12.99
5.45
10.42
0.00
28.86
8879.72
131427.25
Excluding rider figures.

for no.of schemes & lives covered Grand Total is C.
All riders related to critical illness benefit, hospitalisation benefit and medical treatment.
Disability related riders.
SI
No
( M in Crores)
in the air
Order
Date: 06.08.2013.
Ref: IRDA/BRK/MISC/ORD/152/08/2013
IN RESPECT OF M/s TOWN BENEFIT FUND

(KUMBAKONAM) LIMITED
(i) Reference No. IRDA/CB 541/MK/01/13

dated 13.06.13.
1. M / s To w n
Benefit
Fund
(Kumbakonam) Limited (the applicant
entity) had submitted an application
dated 30.11.12 (the application)
under the provisions of IRDA
(Insurance Brokers) Regulations, 2002
(the Brokers Regulations) seeking
grant of a license to act as a Composite
Broker.
3. The applicant entity did not submit

any response to the said reference
sent by the Authority.
2. Thereafter, the Insurance Regulatory &

Development Authority (the
Authority) advised the
applicant
e n t i t y to m a ke co n fo r m t h e
application so submitted to the
requirements of Regulation 10(1)(iv)
of the Brokers Regulations through
the following reference:
4. In view of the same, the Authority is

of view that the applicant entity is not
interested any further in taking up its
application seeking grant of a license
to act as a Direct Broker.
5. Whereas, the Authority in its letter
Reference No. IRDA/CB 541/MK/01/13
dated 13.06.13 also intimated the
applicant entity that in case it failed to
comply with the requirements as
directed in the said reference within a
period of three weeks of its receipt, the
Authority, in terms of Regulation 7 of
the Brokers Regulations, will be

constrained to reject the application
submitted by it without serving any
further notice.
6. Whereas, the Authority is yet to
receive
any response from the
applicant entity to its letter Reference
No. IRDA/CB 541/MK/01/13 dated
13.06.13.
7. Hence, the Authority, in exercise of
the powers vested with it, in terms of
Regulation 7 of the
Brokers
Regulations, hereby rejects the
application submitted by the
applicant entity.
T S Vijayan
Chairman
Circular
Date: 08.08.2013.
Ref: IRDA/SDD/MISC/CIR/158/08/2013
The Chairman/CEOs of all the insurers
Anti-Money Laundering/CounterFinancing of Terrorism (AMLICFT)

Guidelines for insurers
Attention is drawn to Annexure I of the

Master Circular 2010 on AML/CFT
guidelines - Circular Ref:
IRDA/F&I/CIR/AML/158/09/2010 dated
24th September 2010 and subsequent
modification thereto vide Circular Ref:
IRDA/SDD/MISC/Cir/261/12/2012 dated
27th December, 2012.
2. The Authority had vide circular dated
27th December, 2012 stipulated:
"Current passbook with details of

p e r m a n e n t / p re s e n t re s i d e n ce
address (updated upto the previous
month) and Current Statement of
bank account with details of
p e r m a n e n t / p re s e n t re s i d e n ce
address (as downloaded) were
considered as officially valid
document towards both identity and
address wherein written confirmation
from banks need not be insisted upon
in case of micro insurance products"
3. The Authority, hereby, extends the
above said provision to all the
insurance products (and not limited to
micro insurance products) whereby
the above referred documents may be

considered as Proof of Address (PoA)
and also Proof of Identity (Pol)
provided they are supported by
officially valid documents carrying
photograph, issued by any regulated
entity/Government, like debit card,
credit card, kisan card etc.
The above requirement shall be
implemented with immediate effect.
R.K. Nair
Member (F&I)
Circular
Ref: IRDA/DIST/CIR/MISC/171/08/2013
Date.: 22-08-2013
To All CEO's of Life and General

Insurance Companies
in a lot of customer grievance which is

matter of grave concern.
normal 10 digit numbers other than

numbers from '140' number series.
Sub: Compliance of Regulations of

Telecom Regulatory Authority of India
(TRAI).
"As per the Telecom Commercial

Communications Customer Preference
Regulations, 2010" issued by TRAI, any
person involved in sending of commercial
communications, has to register with TRAI
as a Telemarketer.
In view of the above, all the Insurance

companies are advised to adhere to the
TRAI's Regulations without fail and not
engage any telemarketers who are not
registered with TRAI for any promotional/
telemarketing activity for marketing their
products or services.
It is has been brought to the notice of the

Authority by the Chairman of Telecom
Regulatory Authority of India that some of
the insurance companies and their
marketing intermediaries including
agents are engaging telemarketers, not
registered with TRAI, to promote various
products or services to customers, in
breach of TRAI's Regulations. These
unregistered telemarketers use their
normal telephone connections for
making commercial call and sending SMSs
to customers registered in NCPR resulting
The registered telemarketers have to use

telephone numbers from '140' number
series and filter the numbers they are
accessing through the National Customer
Preference Register (NCPR) database
before making voice call and sending
SMS.
The list of telemarketers registered with

TRAI is available on www.nccptrai.gov.in.
All the Insurance Companies are advised
to instruct their Agents suitably.
D.D. Singh
Member
No subscriber is allowed to do
telemarketing activity through their
All General Insurance Companies and TPAs

Ref: IRDA/HLT/REG/CIR/159/08/2013
Date.: 12-08-2013
Re: Compliance with Regulation 12(b) of
terms of capacity requirements, internal
Please confirm having received this
IRDA (Health Insurance)
control requirements, claim assessment
circular and noted the contents.
Regulations,
and admissions procedure requirements
2013.
etc. under the agreement."

to the captioned
Regulation which states as follows:
All insurers are advised to ensure that the
M. Ramaprasad
detailed guidelines are prepared and
Member (Non-Life)
"......... TPA may handle claims, admissions
given to the re>pective Third Party
and recommend to the insurer for the
administrators as stipulated in Regulation
payment of the claim settlement,
12(b). Every insurer utilizing Third Party
provided a detailed guideline
is
administrators is advised to send a
prescribed by the insurer to the TPA for
specific confirmation to this effect to the
claims assessments and admissions in
Authority on or before 30'h September,

2013.
Reference is invited
in the air
Order
Date: 12.08.2013.
Ref: IRDA/BRK/MISC/ORD/160/08/2013
ORDER OF THE INSURANCE REGULATORY

AND DEVELOPMENT AUTJIORITY UNDER
R E G U L AT I O N 1 4 O F T H E I R D A
(INSURANCE BRO RS) REGULATIONS,
2002
In the matter of M/s Golden MP
Insurance Brokers
Pvt.
Ltd.
application dated 11.04.11 seeking
grant of a Direct Broker License
1. M/ s Golden MP Insurance Brokers Pvt.
Ltd. (the applicant) has submitted an
application dated 11.04.11 (the
application) to the Authority seeking
grant of a Direct Broker License under
the
IRDA (Insurance
Brokers)
Regulations, 2002 (the
Brokers
Regulations).
2 The Authority for the purpose of
disposal of the application, in terms
of Regulation 8 of the Brokers
Regulations advised the applicant to
furnish certain
additional
information/clarification vide its
communications dated 06.06.11,
22.02.12, 01.08.12 & 11.10.12 which
were replied to by the applicant vide
its letters dated 08.07.11, 16.07.12,
08.08.12 & 22.10.12.
3. U p o n
a perusal of the
information/clarification so provided
by the applicant, the
Authority,
amongst other things noted the
following:
a) That the applicant has submitted a

declaration forming part of Form A,
signed by two Directors, declaring that
the following:
10
"We do not possess an insurance

agent license under Section 42 of the
Act (Insurance Act, 1938)".
b) That the applicant has reiterated the
same vide its letters dated 08.07.11 &
08.08.12.
c) That the applicant vide its letter

dated 08.07.11 has submitted an
undertaking stating the following:
"None of the Broking
Company/Associate Companies
/Directors/Promoters/Key
Management Personnel/ Principal
Officer/Employees is
holding
A g e n c y / C o r p o r a t e
Agency/TPA/Surveyors License".
d) That the applicant vide its letter
dated 22.10.12 has submitted an
undertaking stating the following:
e) "We hereby submit the undertaking
and confirmation that none of the
P r o m o t e r / P r o m o t e r
Company/Associate Company/Joint
Venture Company/Body
Corporate/Director/Principal
Officer/Key Management
Personnel/Shareholder/Employee/pe
rson
directly or indirectly
connected with the applicant
company are engaged in
any
insurance
business/activity and
holding Agency/Corporate
Agency/TPA/Surveyor License.
"We confirm that the above
statement/undertaking/confirmation
is true to the best of our knowledge
and belief."
4. Whereas, it has come to the notice
of the Authority that Ms. Srishti
Aggarwal, one of the promoters of
the applicant holding 250000 equity
shares or 50% stake in it and one of its
directors is holding an insurance
agency license number 8880526 of a
non-life Insurer namely M/s lffco
Tokyo General Insurance Co. Ltd. The
License is valid from 17.10.11 to
16.10.14.
5. Since, the undertakings/ declaration
as stated above were contrary to
the information came to the notice of
the Authority, the Authority issued a

Show Cause Notice dated 30.04.13
(SCN) advising it to show cause as to
why the appropriate proceedings in
terms of Regulation 14 of the Brokers
Regulations should not be initiated
by the Authority against it for refusing
the grant of a license to act a Direct
Broker.
6. The applicant replied to the SCN vide
its letter dated 01.07 13, wherein it
mainly submitted that as per their
understanding they were required to
close/surrender the agency license
held in the name of their entity and for
associate entities only.
7. The position becomes more serious
in view of the fact that the
insurance agent license was not
held by any employee of the
applicant but by one of its promoters
and directors and that promoter and
director has herself signed the
undertakings and/or the declaration
on behalf of the applicant. This raises
serious questions on the truthfulness
of the other information provided by
the applicant, most of which, can not
be verified the Authority at its own.
8. In view of the above, the Authority is of
view
that
the applicant have
furnished incorrect information to it
and misrepresented the material facts
with an intention to obtain a license
to act as a Direct Broker and that it
does not find any merit in the
submissions made by the applicant
vide its letter dated 01.07.13.
9. Now therefore, the
application
submitted by the applicant is hereby
rejected in terms of Regulation 14 (1)
of the Brokers Regulations.
T S Vijayan
Chairman
Circular
The CEOs of all insurers
SUB: Exposure limits on the
Investments in Housing Finance and
Infrastructure Finance Companies
The Authority is in receipt of
representations from the Insurers to
enhance the exposure limits in Housing
Finance Companies. Further, it is also
represented to consider the investments
in Housing Finance Companies and Infra
Finance Companies as the exposure to
Housing sector and Infra. Sector,
respectively. Presently, such exposure to
Housing Finance Companies and Infra
Finance Companies is treated as exposure
under ' Financial and Insurance Activities'
of sec. K of NIC classification, 2008.
After careful examination of the
representations and discussions with the
Industry, it is decided to reconsider these
exposure limits as below:
Date.: 07-08-2013
A) Investment in Housing Finance

Companies
The Investments in the debt Instruments
issued by Housing Finance Companies as
specified in the Investment Regulations
shall not be included under the exposure
to
'Financial and Insurance Activities' of sec.
K of NIC classification, 2008 and shall be
treated as exposure
to Housing
Sector.The industry exposure limits will
continue to apply for such investments.
B) Investment in Infrastructure Finance
Companies
The Investments in the equity and debt
Instruments issued by Infra Finance
Companies pertaining to the sub sectors
specified in the Harmonized Master List of
Infrastructure issued by the Department
of Economic Affairs, Ministry of Finance as
per the reg. 2(h) of IRDA (Registration of
Indian Insurance Companies)

Regulations, 2000 shall not be included
under the exposure to 'Financial and
Insurance Activities' of sec. K of NIC
classification, 2008 and shall be treated
as exposure to Infrastructure Sector.
C) Single lnvestee exposure limits in
Housing Finance Companies
Single lnvestee debt exposure limits in
Housing Finance Companies are
enhanced to 20% of equity plus free
reserves(excluding revaluation reserve)
plus debentures/bonds taken together or
amount under Reg. 9(B)(i) whichever is
lower. The 20% limit mentioned above,
can be further increased by an additional
5/o with the prior approval of Board of
Directors. The group and promoter group
exposure norms will continue to apply on
the investments made in a Housing
Finance Company.
R.K. Nair
Member (F&I)
Ref: IRDA/F&I/INV/CIR/155/08/2013
11
in the air
Circular
Ref: IRDA/F&I/CIR/INV/172/08/2013
The CEOs of all Insurers

SUB: Permission to Insurers to Invest in
Category I &II Alternative Investment
Funds (AIFs)
The Authority vide Circular No.
INV/CIR/007/2003-04 dated December
15, 2003 issued guidelines on the
investments by insurance companies in
venture funds. Further, in August 2008,
the Authority vide its Circular No.
IRDA/INV/GR/008/2008-09 dated August
22, 2008 advised insurance companies
that such investments would be made in
venture funds which would invest in
infrastructure facility as defined in IRDA
(Registration of Indian Insurance
Companies) Regulations, 2000.
In the year 2011, the scope of investments
by insurance companies in venture funds
was expanded to include venture funds
investing in micro, small and medium
enterprises.
SEBI (Venture Capital Funds) Regulations,
1996 (hereinafter referred as Venture
Fund Regulations) are now replaced with
SEBI (Alternative Investment Funds)
Regulations, 2012 (hereinafter referred as
Alternative Fund Regulations) vide
notification dated May 21, 2012. The
Type of Insurer
12
Date.: 23-08-2013
Venture Funds registered under Venture

Fund Regulations will continue to be
regulated by the said Regulations till they
wound up or obtain re-registration
under the Alternative Fund Regulations,
as prescribed.
The Authority vide its Circular No.
IRDA/F&I/INV/CIR/054/03/2013 dated
March 18, 2013 permitted insurers to
invest in Category I Alternative
Investment Funds (AIF) and clarified that
such investments would be restricted to
Infrastructure and SME sectors.
Pursuant to the issue of this Circular, the
Authority received several
representations from various
stakeholders including large insurance
companies to expand the scope of the AIF
and include Category II AIF also. This
matter was referred to the Expert
Committee on Investment constituted by
the Authority and the Expert Committee
was of the view that the insurance
companies should be allowed to invest in
Category II AIF also.
In view of the above and in partial
modification to the Circular dated
March 18, 2013, insurers are permitted to
invest in Category I & II AIFs under the
extant SEBI Regulations. The permitted
(a)
Life Insurance
Company
Overall Exposure to
Venture Funds and AIFs
put together
(b)
3% of
respective Fund
General Insurance
Company
5% of
Investment Assets
Exposure to single
AIF/Venture Fund
(c)
10% of AIF' Nenture Fund
size or 20% of Overall Exposure
as per (b), whichever is lower.
The above '10% 'Limit shall be
read as '20%' in case of
Infrastructure Fund
10% of AIF' Nenture Fund
size or 20% of Overall Exposure
as per (b), whichever is lower.
The above '10%' Limit shall be
read as '20% ' in case of
Infrastructure Fund
Funds in Category I are Infrastructure

Fund, SME Fund, Venture Capital Fund and
Social Venture Fund as defined in
Alternate Fund Regulations. Whereas, in
Category II, at least 51% of the funds of
such AIF shall be invested in either of the
Infrastructure entities or SME entities or
Venture Capital undertakings or Social
Venture entities.
The restrictions
regarding investment of funds outside
India, promoter group, combined
exposure limits in venture capital funds
and AIFs under the Other than Approved
category of investments will continue to
apply. Insurers are also not permitted to
invest in AIFs, which has the nature of
Funds of Funds and Leverage Funds.
The investments in Category I AIF shall
be shown under category code 'OAFA'
and Category II AIF shall be shown under
category code 'OAFB'. The existing
investments made in AIFs and shown
under 'OVNF' shall be reclassified under
the above two category codes. The
valuation of the Cat II AIF shall be in line
with the valuation of Cat I AIF as per the
valuation guidelines. Accordingly, the
reporting has to be made while filing the
quarterly returns on investments.
Investment in the AIFs along with the
existing investments in Venture Funds
shall be subject to the following revised
exposure limits:
All fresh investments in AIFsNenture
Funds shall comply with the above
stated exposure limits and the Insurers
are permitted to continue to hold the
existing investments in AIFsNenture
Funds which are not complying with the
above exposure limits.
R.K. Nair
Member (F&I
vantage point
In Letter and In Spirit

U. Jawaharlal emphasizes that while it may be possible to achieve the various parameters assigned
by the supervisors; various stakeholders have to introspect whether they are in tune with the spirit
of such requirements.
At times, it would perhaps be possible to

apparently obey the rules and still have
ones way in deriving an undue advantage
over the others. It is here that there is a
huge emphasis on the spirit of regulation
being followed, and not merely the letter.
In a domain where these rules are hazy
and nebulous, it is doubly possible to take
advantage of such obscurity and tweak
them to ones advantage. On the other
hand, policymakers have to bear this in

mind at the time of drafting these rules
and regulations in order to ensure that
they leave no opportunity for dual
interpretation or circumventing.
The financial services pose several
challenges in the domain of identifying
various areas of possible loopholes and
then setting standards to overcome them,
owing to the vastness and the complexity
of the domain. For an evolving market,
especially, it would make great sense to
emulate a well-established peer in order
that in the end, the interests of the
clientele are protected. Insurance, in India,
is relatively a fledgling industry and faces
enormous challenges in ensuring that the
interests of the policyholder are at the
core of any perceivable activity. The vast
number of consumer complaints as also
the reports in the media tend to indicate
that not everything on this front is as it
should be. There is a strong need for
assessing whether it is the result of
insufficient supervision or a lack of
application from the stakeholders which
is responsible for such a scenario.
Regulatory Compliance
in the next issue...
If one were to look at some areas where

there is a possibility of over-stepping the
rules to ones suitability, it would afford
the stakeholders an opportunity of a selfassessment with regard to their
p e r fo r m a n ce . Fo r e x a m p l e , t h e
regulations pertaining to the rural and
social sector achievements have been
designed with the idea of ensuring that
there is a uniform spread of business in
various geographical regions and
economic sectors. Looking at ways to
achieve these standards somehow
would defeat the very purpose for which
they are meant. The example is only
indicative and there could be several other
areas where such devious achievements
may not be ruled out entirely. The spirit of
regulatory compliance that we have
talked about earlier should be sacrosanct.
Regulatory Compliance will once again
be the focus of the next issue of the
Journal.
The essential purpose of a rule or a

regulation is to ensure that an activity is
being conducted within the confines of
the stipulated boundaries. Depending
upon the maturity of the various
stakeholders, the extent of these rules
may vary from market to market; and
within a market, between different areas
of operation. And in an extreme degree of
freedom, perhaps, one would ideally look
for an absolute self-regulation. Civilized
societies would, however, adopt varying
degrees of regulation in order that any
industrial or commercial activity does not
lead to a chaos in the market and that
competition among the players is always
well within the rules of the game.
13
issue focus
Attention Insurance Companies

- Focus Needed for Compliance
Ashvin Parekh writes that as a result of the financial crisis and a growing concentration on risk with
regard to insurance companies and their affiliates; the Boards of the companies and the
government are broadening their reach over the industry, and this focus will increasingly grow.
14
efore we evaluate the top

compliance issues the insurance
companies in India will face in the
coming years, let us examine how severe
the non-compliance in the companies is.
In a recent global survey that was carried
out by Ernst & Young, where corporate
compliance executives of eighty two of
the insurance companies participated, the
following feedback was received. The
result may be summarized as falling short
of the requirements, let us examine the
detail.
study also revealed that in the markets

where regulations were revised more
often, the quality of compliance suffered
more.
The executives of the companies were

required to place their compliance
practices in one of the five classifications;
a) unstructured, b) fragmented and
distributed, c) managed satisfactorily, d)
structured and the last one being e)
proactive and responsive. A small number
of nine respondents (about 11%) thought
their compliance practices were proactive, preemptive and responsive. 32 of
the respondents (about 39%) classified
their practices as managed satisfactorily.
An equal number of respondents thought
their practices were fragmented and with
substantial interventions at points. The
balance however admitted that their
compliance practices were unstructured
and needed substantial attention. The
A couple of years ago, we saw the capital

markets regulator expressing concerns
over the loading of expenses, and the
regulatory and disclose norm arbitrages.
Also, as the financial markets become
more and more volatile on the asset side
TOP COMPLIANCE ISSUES FOR INSURANCE

COMPANIES
The insurance industry in India will be
subjected to higher order of regulatory
scrutiny as we go by. The stakeholders and
the regulators from a host of disciplines in
the finance sector will also participate
more actively in this scrutiny.
The study also revealed

that in the markets
where regulations were
revised more often, the
quality of compliance
suffered more.
of the balance sheet, (mainly in

investments) and the expense side of the
profit & loss statements will come under
larger scrutiny. Then again we are
witnessing radical revisions in the
regulations associated with distribution
and the channels. Even the
intermediation reward mechanism and
acquisitions cost will come under the lens
of the regulator. And of course the larger
issue related to responsible selling will
continue to receive scrutiny of a
substantial order.
It may be observed that the regulator will
also strive to obtain evidence
independently, on the above subjects. He
will work towards basing his policies and
regulations from the evidence gathered
during on-site and off-site supervision
rather than intuition and perception. In
the backdrop of the above, the following
five issues will dominate the
requirements and compliance.
1. Preparing for additional audit and
supervision scrutiny
The insurance companies will be required
to gather relevant and adequate evidence
from the various points of operations to
prepare for the scrutiny discussed above.
On all the areas discussed, the Boards of
2. Governance and reporting

The subject of governance has been
receiving substantial attention globally,
ever since Sarbanes - Oxley. All the recent
reports articulate a new order of finance
sector center around the need for good
governance and relevant reporting. What
began globally in the insurance industry
in 2002 is now receiving larger focus and
goes well beyond mere formation of a
governance structure and committees. All
the levels of the executives are now
required to conform to the policies and
exceptions are drawing immediate
attention. External stakeholders including
media and independent analysts are also
examining the governance and reporting
more extensively. The regulators will now
examine all significant decisions and
processes at various levels to satisfy
themselves on the aspects of governance.
Likewise, reporting within and to the
outside world will gain more and more
attention.
4. Data access scrutiny
The regulators will now

examine all significant
decisions and processes
at various levels to satisfy
themselves on the
aspects of governance.
Likewise, reporting
within and to the outside
world will gain more and
more attention.
3. Know your customer

In this area of compliance, we will see a lot
of developments. From the regulator and
the governments point of view aspects
like money laundering etc. will receive
very involved processes of studying not
just his profile but also his behavior,
particularly if it is of unusual nature. The
KYC will assume larger role as we go along,
in establishing compliance around rightselling. The onus will be increasingly on
the insurance companies that its
distribution arms collect adequate
information and knowledge around the
income profile, his risk bearing capacity
and appetite to establish that a fitting
product was offered to the customer.
Likewise, there will be a larger onus on the
insurance companies to explain the fine
print in the policy contract.
If one were to analyse the recent sting
operations carried out in the banking
sector, where a large number of bank
branches were agreeable to participate in
some form with the money laundering
that was proposed, it becomes evident
that KYC requirements will become even
more onerous as we go along.
The alternate channels in insurance will

gradually grow in their share. Along with it
the scrutiny requirements for data access
will also grow. The social media will play a
significant role in sales as we go along and
so will the use of technology. The data
hackers and also privacy poachers will
have to be identified and the associated
risks mitigated. Complying with data
access rules and regulations will assume
larger significance. Data protection will
require more attention and investments.
5. Compliance with other regulators
Increasingly we will find that the need for
compliance with other regulators will
grow. With introduction of service tax and
other levies, the compliance requirements
have increased, as a case in point. Also, if
telecom companies and other technology
partners and affiliates will participate in
selling and servicing the insurance
customers, then the requirements of the
regulators in those sectors will also have
to be examined. In the manufacturing of
combo insurance products with banking
deposits or in case of bancassurance, the
regulator of the banking sector will also
require the insurance companies to
conform to their rules and regulations.
NEED FOR A FORMAL COMPLIANCE
FRAMEWORK
After examining the top compliance
issues which will require the attention of
the insurance companies, let us now
discuss the need for a formal framework
for compliance. There are four major
drivers which make the organizations
increasingly realize the importance and
need for a formal framework.
1. Lack of Awareness:
The operations of the companies are
becoming increasingly complex. Though
the companies, the government and

regulator will require verifiable evidence
to satisfy itself on compliance. In this
preparation, we will see the senior
management and Boards Directors of the
companies to pay larger attention to
compliance and a good sound order of
conformation to its requirement. Boards
will lay down more specific policies for the
executives to conform to and also to
achieve a higher order of governance. The
managerial policies will, perhaps be more
onerous compared to mandatory
requirements. The stakeholders will
require a more comprehensive evidence
gathering and preparing for the scrutiny
almost like in case of banking, where there
a re re wa rd s i n re g a rd s c a p i t a l
requirements where the banks progress
towards advanced approaches to risk
management and compliance.
15
issue focus
various parts of the organizations may

have unstructured informal programs the
extent of awareness is not
institutionalized.
2. Wide spread business operations:
Across the various functions and
operations of the companies ranging
from the corporate office to the branches
and the channels, the size of the
organizations becomes larger and
widespread. People in the industry also
move within the sector or out of it to
various companies, a formal framework
then becomes the only hope to
consistently conform to the rules.
3. Increased stakeholder expectations:
The audit committees and board
committees are becoming more and
more active in regards compliance. In the
Indian context, as the insurance
companies are a part of larger
conglomerates and corporate houses,
there is a larger emphasis on the
reputation risk. Also with newer
stakeholders such as media, NGOs,
business correspondents, self-help
groups, social activists joining in, the
expectations are increasing. In the last few
years we have seen in the media, regular
reporting on selling practices and product
design issues.
4. Complex Legal Environment:
The legal landscape is also becoming

more active, particularly in the areas of
policyholders interest protection and
there are multiple legislations to abide by.
16
Looking at the four factors mentioned

above and framework creation, one must
pay attention to the compliance universe
which comprises of requirements arising
out of legislation around corporate laws,
employees and labor laws, environment
and workplace health /safety, information
management regulatory compliance,

sectors regulations and some other areas
including copyrights, trademarks, patent,
import export etc. To these, we then add
the voluntary compliance pertaining to
quality management, code of conduct,
crisis preparedness, corporate social
responsibility, public commitments,
contractual commitments, industry codes
and trade associations.
Navigating Regulatory Compliance:
After having discussed the need for
f ra m e w o r k a n d n a v i g a t i n g t h e
compliance requirements, let us now
examine the key steps associated with the
process of progressively meeting with
conforming. At a schematic level, the steps
can best be described to be as below:
1. D e f i n e t h e g o v e r n a n c e a n d
compliance framework This step
involves the creation of a compliance
structure and defining or reviewing
policies, processes and operating
guidelines. Since the regulations
evolve on a regular and dynamic scale
this activity is continuous and regular.
In the hierarchical set-up this group of
people and activities assume a higher
position in the structure.
If we have an
2. Regular updation and preparation of

checklists. This steps helps the
organization in identifying, validating
and prioritizing compliance.
3. Automate or streamline reporting.
This will then create a framework of
reporting and accountability for the
executives. This ensures standardized
procedures / processes and effective
monitoring across the organisations.
4. Provide legal updates. The step here
updates the libraries of legal
provisions and requirements. This
ensures the awareness of any new
regulatory requirements at all
relevant points of the organization.
5. Perform compliance Audits / Reviews /
Due diligence identify gaps in
compliance and recommend
improvements where required.
Conclusion:
It will be widely accepted that underneath
all the detail, the aspect of compliance,
whether it is for a society, sector or
insurance industry; is that it should come
from within. If we have an organization
where everyone is compliance conscious,
then we are there. It does not come about
by punishing or forcing or stamping out
bad behavior. It involves teaching proper
deportment, caring about others and
controlling oneself when the occasion
demands.
organization where
everyone is compliance
conscious, then we are
there. It does not come
about by punishing or
forcing or stamping out
bad behavior.
The author is Managing Partner of

Ashvin Parekh Advisory Services LLP
and Senior Expert Advisory FS, E&Y.
The views are personal.
Role and Relevance

S R Balachandher observes that penalties and fines levied by regulators on players in the financial
services domain for non-compliance could result in a huge dent on the reputation of the players.
Sir Winston Churchill once said a

pessimist sees the difficulty in every
opportunity; an optimist sees the
opportunity in every difficulty."
That statement made several decades ago
seems to fit, in todays context, to every
compliance officer in the insurance
industry. A compliance officer is for sure
an optimist as his/her main role and
responsibility is to see an opportunity in
every difficult situation.
In todays world, the markets are
extremely dynamic. Laws, rules and
regulations continue to be framed,
amended; and the regulatory
environment has become more complex
and ever changing. As a result, today
entities are compelled to continuously
demonstrate their resilience to not only
the changing market and customer
perceptions but also most importantly to
the regulatory changes and fine tune their
business processes accordingly.
Insurance industry is one such industry
that has witnessed far too many changes
over a period of time. The opportunities
for doing insurance business in India are
plenty - thanks to the huge untapped
potential and the abysmally low
penetration levels - it is only natural that

every insurer wants to have a major share
in the market and achieve greater top line
growth.
Doing insurance business today is like
driving a Ferrari on the highway. The
empty and long roads are indeed
tempting to keep pressing on the
accelerator but it is also necessary that
due care and caution is taken by the driver
so that he doesnt fall a prey to those
temptations. Drawing an analogy to the
insurance market in India, every new
player as well as the existing players
The opportunities for doing

insurance business in India
are plenty - thanks to the
huge untapped potential and
the abysmally low
penetration levels - it is only
natural that every insurer
wants to have a major share
in the market and achieve
greater top line growth.
wants to grow aggressively their top lines

and achieve a good size of business. But
they need to pay attention to the road
signs in the form of regulatory guidelines
and directions so that the drive is smooth
and there are no hardships or damages
caused to the policyholders.
With this background let us now see what
the role of regulatory compliance is in
ensuring an orderly and disciplined
growth of the insurance sector in India.
Regulatory compliance
What does regulatory compliance mean?
The truth is that there is no standard
definition for this. The definition of
regulatory compliance may change
according to the industry in which you are
applying the policies. In other words,
compliance broadly means incorporating
standards and practices that conform to
specific requirements of the business
concerned.
Regulatory Compliance as a term refers
to the policies and processes established
by companies to ensure that all its
employees and stakeholders adhere to
the laws, rules and regulations governing
their activities. It can also be construed as
the efforts taken by an employer to ensure
that the employees are well informed
Introduction
17
issue focus
about the laws governing their work and

the consequences of non-adherence.
Compliance, in other words, is the ability
to act according to a set of rules or
regulations or guidelines issued from
time to time by the statutes/regulatory
authorities.
In any financial services
business including insurance, compliance
operates in two stages:
1. Compliance with the external rules
and regulations that are imposed
upon an industry as a whole, and
2. Compliance with internal systems and
controls that are put in place to
achieve compliance with the
externally imposed rules and
regulations.
In general, compliance means
conforming to a rule, such as a
specification, policy, standard or law.
Regulatory compliance describes the goal
that every organization aspires to achieve
in their efforts to ensure that their
employees and key stakeholders are
aware of, and take steps, to comply with
relevant laws and regulations.
Need for Regulatory compliance
Wherever customers are involved, there is

a need for regulation mainly to supervise,
monitor and to ensure that the businesses
are conducted in a manner that are not
prejudicial to the overall interest of the
customers.
18
The Insurance Regulatory and

Development Authority (IRDA), as the
regulator for the insurance industry in
India, have the primary responsibility to
protect the interests of the policyholders
and to secure them a fair and equitable
treatment mainly in the areas of policy
issuance and servicing of claims. The
Authority also has the duty to regulate,
promote and ensure orderly growth of the
insurance business.
A recent survey conducted by a reputed

agency indicated that the business
practices of companies are the biggest risk
faced by the Indian insurance industry.
The Indian insurance industry is
constantly undergoing changes in line
with the changing perceptions and
demands of the customers in particular
and the market in general. Prior to
privatization of the insurance sector, there
was just one popular Health insurance
product sold by public sector companies
but today it is estimated that there are
hundreds of Health insurance products
offered by nearly 25 insurance companies.
This in itself is a testimony to the growth
of the insurance sector in the past decade
and to how competition can bring the
best out of these players. Most
importantly, today, insurance customers

dont want to buy insurance the way the
insurance companies wish to sell it to
them. This has invariably led to changes
in the way we do insurance business.
While all this is good news that the market
continues to grow and evolve, the
challenge of course is to ensure that the
customers are equipped to take an
informed decision about the type of cover
they will require, the terms and conditions
that govern the products sold, procedures
to be followed in the case of claim
settlement etc.
This is where the role of a regulator
assumes significance. IRDA, as the
insurance regulator, has been constantly
monitoring the market and ushering in
The compliance function

requires companies to
engage dedicated staff and
constantly review their
Regulatory compliance over
a period of time has
required more amounts of
money and time to be
invested.
business operations.
19
issue focus
Those who can master

the compliance aspect of
their business strategy
and give their people
ample incentive to do the
right thing may be better
positioned to
differentiate themselves
from the pack.
20
The author is Company Secretary &

Head-Compliance, Royal Sundaram
Alliance Insurance Company Limited.
Views expressed in this article are the
personal views of the author and in no
way concern or reflect the views of the
organization that he represents.
Theirs Not to Reason Why

- Theirs But to Comply and Die
In a lighter vein, Pawan Verma narrates the travails of dealing with compliance at various stages of
business in the domain of Life insurance.
What keeps you awake at nights

these days?
The CEO was quick in his response, Oh! I
sleep like a baby.
I was literally flummoxed and
flabbergasted, wondering how the CEO
of a Life insurance company could sleep
like a baby in these turbulent times
when the top lines are sliding down day
by day like the Indian rupee and the
expense lines are soaring up month
after month like the Indian inflation,
while the bottom lines are discovering
new bottoms every quarter. Sensing my
confusion, he immediately clarified,
Oh yes, I sleep like a babywaking up

every two hours and crying worrying
about any regulations that my guys
might have violated today accidentally
and for which I was going to be hauled
up by the Regulators the next morning.
But a sensitive IRDA would understand
the problems of a CEO, I said
hesitatingly.
took out a mirror from her vanity bag,

looked into it and declared innocently,
Yes, its me only. The teller smiled and
gave her the money. I am sure, if it were
present times, the same teller would
have insisted on a photo ID card and a
residence proof, as the minimum
requirement.
We Also Sell Insurance
You see, its not IRDA, he continued,

We are really living in difficult times.
After we got liberated from the British
Raj, we aimed to build up the
Panchayati Raj. But, what we got in
return was the License Raj.
Unfortunately, as we threw away the
shackles of the License Raj in 1991, we
got saddled with the Compliance Raj.
Theres no escaping the Raj. Even
though we may want to give up on the
Raj, the Raj is not giving up on us.
However, not to be overtaken by

pessimism, I decided to talk to some
other professionals in the industry and
met the Distribution Head of another
Life insurance company. I asked him
what was on the top of his agenda these
days. He explained that he was running
an extensive program to train his entire
sales force. Perplexed, I asked him,
Yours is a pretty old company. I thought
you would have already trained your
sales staff over a period of time.
Listening to him, I could realize the

difficult times we were living in. I
remembered the good old days when
as a college student I had walked into a
bank branch to withdraw some money.
As the teller had some problems with
the signature of the young lady ahead
of me in the queue, he requested her to
identify herself. The lady immediately
He was candid, You know, while

insurance is a mundane and static
subject, compliance is a very dynamic
issue, acquiring new dimensions every
day. Hence we continue organizing
comprehensive compliance training
programs very frequently.
That means your sales must be looking
up, I said.
h e n I wa s i n v i te d to
contribute an article for the
current issue of the Journal,
focusing on Regulatory Compliance, my
immediate impulse was to have an
interaction with the industry experts so
as to develop a comprehensive and
inclusive view on the subject before
writing something meaningful.
Following the impulse, I set up an
interview with the MD & CEO of a life
insurance company. Warming up for the
discussion over a cup of coffee, I asked
him,
21
issue focus
Oh! We also sell insurance when we

are free from compliance, he replied,
but contrary to your expectations, our
sales are going downhill.
the sacrosanct formats created by the

Regulator.
I dont understand this...more agent

meetings should obviously translate
into higher sales.
It is not that everybody in the system is

equally unhappy and pessimistic.
Compliance has brought happiness to a
lot of people in the industry as well. In
one of the companies, I met an old lady
who had been doing the compliance
function for ages. She was highly
positive about the way the compliance
culture in the industry has evolved over
the years. She recollected her first day in
the company and the HR Heads words,
You see, earlier my agents were able to

sell, unmindful of the implications of the
statements they were making to the
customers. But, having undergone the
in-depth compliance training, they are
now careful about what they say to the
customers and how they say it. It has
obviously been impacting our sales.
There must be some better way of
addressing the situation I mused.
No Mr Verma, I had always thought
that one could reason out the rationale
behind the compliance circulars and
follow them in spirit, and thus
compliance and sales could go together.
But no, that doesnt work. Oil and water
mix better than sales and compliance.
Today, we are in a situation where theirs
not to reason why, theirs but to comply
and die.
The Cost of Compliance
22
I was lucky to get the CFO and the

Appointed Actuary together in one
room in the next company. The CFO was
brutally frank, The cost of compliance
today is too prohibitive to run a
profitable business. The Appointed
Actuary however, was more practical
and down-to-earth and thought that
one must comply with the regulations
without ever questioning the rationale
behind the same.
Once we added some more
information in a regulatory report than
asked for, explained the wise man, but
we were hauled up for tampering with
compliance, he sincerely believed that a

stricter compliance regime was the
solution for all the ills of the industry.
Evolution of Compliance Culture
Heres your appointment letter as the

Compliance Officer. Find out what it
means and do it.
As per her, compared to the past,
compliance was taken much more
seriously in the company now. But there
was another reason for her happiness.
As she put it, Earlier, I always had the
problem finding out what to do next.
But thanks to the regulator, I dont have
to do the thinking any longer. They do
the thinking and tell us what do, when
to do and how to do it. Moreover, now I
feel more secure about my job because
there is enough to do and it is sure to be
there irrespective of the business
cycles.
The Man at the Centre
However, my journey seemed to be
incomplete without meeting the man
at the centre the Principal Compliance
Officer (PCO). While talking to the
different functional heads, I had always
enquired what they thought of the PCO.
They were unanimous in their opinion
that they had developed an instant
dislike for the PCO in the very first
meetingonly to save time later.
The meeting with the PCO however, was
very enlightening. A firm stickler for
Look at the level of mis-selling

happening in the industry. I am of the
firm opinion that every insurance sale
must be handled by at least three
agents the first to canvass the
customer, the second to verify if the
product was explained to the customer
properly and the third one to certify that
the due sales processes were followed
in conducting the sale.
But the cost and the productivity I
wondered.
Forget the cost, productivity and
business numbers. Once the
compliance processes are fully in place,
these mundane things will take care of
themselves over a period of time.
Disinterested Directors
Pondering over the issue, I shared my
thoughts with my wife that I needed to
talk to some Director on the Board of a
company as I believed that the
compliance culture in a company had to
be driven from the top and it was the
top management alone which could
remove the bottlenecks within the
system.
Not always very kind to my thoughts,
she immediately shot back, Look, in
most of the bottles that I have seen, the
neck is always at the top.
Even though clean-bowled by the
googly, I refused to give up batting. I set
up a meeting with the Independent
Director on the Board of a company and
asked him what he thought was the
Boards role in driving the compliance
culture within the company. Sounding
like a management guru, he said,
The writer is former COO of a Life

insurance company.
23
issue focus
Remedy for the Malady

- AML Controls
Smita Ganesh Prabhu asserts that in order to keep a total check on the money laundering activity, it
is vital to follow the ground rules that have been enunciated with a great deal of maturity and
wisdom.
Background
oney constitutes the blood of the

financial system. Banks and
other financial institutions which
are dealing in public money by providing
a variety of services to the customers are
more vulnerable to money laundering
activities. Lack of any kind of preventive
and detective mechanism will lead to a
loss of reputational risk which is valuable
to any organisation. As per Financial
Action Task Force (FATF) the aggregate size
of money laundering in the world could
be somewhere between two and five
percent of the worlds economic output or
anywhere between $590 billion to $1.5
trillion.
Why is it called Money Laundering?
24
The word Money Laundering is apt since

it describes perfectly the mechanism of
introducing illegal or dirty money in the
system and is put through a cycle of
transactions so that it comes out washed
at the other end and is called legal or
clean money. Criminal enterprises
generate funds in a myriad different ways.
But the primary stages of money
laundering remain the same for all crimes:
(1) placement of the criminal proceeds
into the financial or other transfer
system;
(2) layering the funds so as to conceal

their original source; and
It contaminates legal financial

transactions
(3) integration into the legitimate

financial markets such as banks,
companies, real estate and many
others.
It can increase the volatility of

international capital flows and
exchange rates due to huge
unanticipated cross border transfers.
Macro-economic consequences of
Money Laundering
Global Attention
World over, governments are making

strenuous efforts to combat money
laundering and terrorist financing. Some
of the macro-economic consequences of
Money Laundering are as follows:
It can pose risks to the soundness of

financial institutions and financial
systems
It can increase the

volatility of international
capital flows and
exchange rates due to
huge unanticipated cross
border transfers.
Following are some of the key reasons

why the issue of money laundering is
gaining global attention:
1. The 9/11 plane crash that brought
down the World Trade Centre, New
York that killed many people including
the hijackers and the passengers as
the world watched helplessly
2. The terrorist activities in Jammu &
Kashmir and the 26/11 Mumbai
carnage created by terrorists
3. Eruption of terrorist activities in many
pockets all around the world.
Regulatory Framework
The Prevention of Money Laundering Act,
2002 brought into force with effect from
1st July 2005, is applicable to all the
financial institutions which include
insurance institutions and mandates all
financial institutions to report Cash
Transaction Reports (CTR), Suspicious
Important Aspects in Curbing Money

Laundering (5 Ticks that are considered
important in an Effective AML
Regime)
Know Your Customer at inception as
well as on an ongoing basis; and
validation of the documents
Risk Profiling of the customer
Imparting training to staff
Account monitoring and reporting of
transactions
Effective system controls including
internal audit
Let us go through all the above aspects
one by one in detail:
1. Know Your Customer at inception as
well as on an ongoing basis; and
Validation of the documents
If we do not know who our customers
are, how do we reach them? Hence
identifying customers is very
important. Also, the AML checks
carried out at account opening stage
are very closely linked to anti-fraud
measures and are one of the primary
controls for preventing criminals
opening accounts or obtaining
services from financial institutions.
Hence, companies are required to
have an effective strong control at this
stage akin to a Strong Gatekeeper.
The following lists down the various
stages where the customer
identification procedure takes place:
a) Collection and verification of KYC &
re-KYC at regular intervals - The
word Customer refers to the
policyowner/beneficiary &
assignee: It is very important for the
insurance company to determine the
It is also important to
screen the existing
customer database
against the negative lists
on a semi-annual/annual
basis to ascertain
whether the existing
customers name appears
in the negative lists.
true identity of the all the customers

who enter into a contract either as
beneficial owner or otherwise. KYC
includes obtaining identity proof,
residence proof and recent
photograph of the customer. It is
equally important to get the KYC
authenticated by an authorised
person of the insurer. Insurers are
required to have an acceptable list of
KYC documents rolled out to all
employees which can be provided as a
ready reckoner as well. The list of KYC
documents thus formed should be
such that each document is issued by
an issuing authority after conducting
proper due diligence of the applicant.
In case the premium payer and
proposer are different, KYC of both the
persons needs to be obtained. Not
only collection of the aforesaid
documents is essential but it is equally
important to validate/authenticate
the collected documents against the
original by an authorised person of
the insurer. PAN, which is required to
be submitted if the premium paid in
cash exceeds `50,000 per customer,
needs to be validated against the
original and should be authenticated
from the Income Tax website.
b) Screening customer names against

negative/black lists Insurers need
to have a robust system which
prohibits the company from entering
into a contract with a negative
listed/barred entity. Hence, the
screening of customer names against
the aforesaid lists assumes
importance. This screening can be a
part of the scrutiny points for a branch
official before the proposal is
receipted or can be done centrally
before the decision of accepting the
proposal is arrived at. It is also
important to screen the existing
customer database against the
negative lists on a semiannual/annual basis to ascertain
whether the existing customers
name appears in the negative lists.
There are challenges that the industry
faces with respect to the
completeness of the data in the
negative list. To elaborate further, the
activity of name screening is done by
screening the names on the four
parameters, viz. a) Name b)
Nationality c) Date of Birth (DOB) and
d) Country Name, hence if the date of
birth only contains the month of birth
or day of birth and not complete DOB
and hence it is difficult to ascertain
whether the customer name is the
same as the negative listed person.
Further there are challenges such as a
negative listed person having alias/es
(also known as names). It is
recommended that the screening
activity is automated and is done
completely through the system,
followed by a final stage of review.
c) Extensive/Enhanced due diligence
for high risk customers As
customer identification, equally
important is the risk categorisation of
the customers. A customer who is
categorised as a high risk person
needs enhanced due diligence which
Transaction Reports (STR) and Counterfeit

Currency Reports (CCR).
25
issue focus
should not be limited to obtaining

income proofs and source of funds. A
credible database can be consulted or
the insurer may choose to conduct
independent enquiries. Insurance
companies also have a grid in place
depending on certain thresholds - the
proposals should be backed with
select documentary evidences e.g. till
a lower threshold for example `1 lakh
should be backed by an acceptable
latest income proof (not more than 6
months old) -which is also a threshold
that the regulations suggest; from `1
lakh to `5 lakh, it should be backed by
income proof + source of funds signed

by an authorised person designated;
for high value cases a proper risk due
diligence is done and a signature from
the Chief Underwriter/Chief
Compliance Officer is obtained. The
documents thus obtained should be
such that the same can be retrieved at
a later date and evidencing the fact
that the insurer has conducted
adequate due diligence before
issuance of contract. It is also advised
to review the risk rating of a customer
on an ongoing basis (say annual).
26
d) Compliance alerts for suspicious

clients/unusual transactions: The
company depending on its risk
monitoring framework should have a
suspicious activity monitoring
program that focuses on unusual
patterns of transactions also to
include unusually large amounts. The
alert monitoring framework and
process should necessarily include the
attempted transactions. Illustration of
an attempted transaction is where a
customer has submitted a proposal;
however when a further requirement
was raised on submitting the income
related documents, the customer
withdrew the application. Such
attempted transaction also needs to
be reported to Financial Intelligence
Unit (FIU).
2. Risk Profiling of the Customer:

It is essential to categorise the
customer into High, Medium and Low
risk on the basis of risk parameters e.g.
on the basis of occupation of the
customer or the type of product he
opts for or the geographical area that
the customer belongs to. Some
businesses are legitimately cash
based, including large parts of the
retail sector and so there will often be
a high level of cash deposits
associated with some accounts. The
risk is in failing to identify such
businesses where the level of cash
activity is higher than the underlying
business would justify, thus providing
grounds for looking more closely at
whether the account is being used for
money laundering or terrorist
financing. Equally important is the
activity of PEP profiling. The risk
profiling is never a one-time activity
and should be visited again for the
existing clients on a semi-annual basis
depending on the total policies
owned by the client/change in the
occupation/geographical area that
the customer belongs to.
The company depending

on its risk monitoring
framework should have a
suspicious activity
monitoring program that
focuses on unusual
patterns of transactions
also to include unusually
large amounts.
3. Imparting training to staff:

AML guidelines mandate training to all
employees and agents of the
insurance companies. It is suggested
that customised trainings need to be
imparted to staff on the basis of the
roles and responsibilities that they
carry. For example a staff who is in
front line and interacts with the
customer is an important defence in
combating money laundering
whereas for new employees, basics
and background of money laundering
can be imparted; and thus they can
highlight any unusual or suspicious
transactions. It is to be noted that
refresher and ongoing trainings are
also mandatory. Awareness about
AML and reporting unusual
transactions to the AML compliance
team needs to be made part of the inhouse training of employees.
4. Account Monitoring and Reporting
of transactions:
The insurance company should have
effective alert generation process by
which preliminary details of a
transaction which appears to be
unusual/suspicious are analysed
further to determine whether it is
actually suspicious or not. Alert
generation sources can be branches,
risk control unit team during their
investigations if they find anything
suspicious, AML compliance team
during their routine monitoring work,
any query about the customer from
law enforcement agencies etc. Once it
is ascertained that the transaction is
suspicious, the Principal Compliance
Officer needs to analyse and decide on
the reporting of the transaction to
Financial Intelligence Unit India
(FIU-IND). There is also a need to put a
process of ongoing account
monitoring and white labeling of
accounts in place. It may be noted that
5. Effective System Controls including

internal audit:
Internal Audit is one of the important
aspects of an AML regime that
provides for comments on the
robustness of the internal policies,
procedures and controls related to
money laundering. There should be
an audit of AML systems, processes on
an ongoing basis (at least semiannually/annually). Any
deviations/exceptions found are
required to be placed before the
Board. The menace of money
laundering cannot be curbed unless
the system, and the controls built in it,
are effective. At every step of curbing
money laundering and implementing
processes, the insurance company
needs the systems and controls. For
example, if there is a cash acceptance
policy, we cannot check the adherence
till the system control is built to check
the allowable amount per customer at
a pre-defined frequency. Screening of
the customer names against the black
listed names is not effective unless it is
system driven, because the company
needs to screen the customer names
Records can also be maintained in

electronic form.
Any deviations/
Conclusion
exceptions found are

required to be placed
before the Board. The
menace of money
laundering cannot be
curbed unless the
system, and the controls
built in it, are effective.
against the names and also known as

(alias) names of the black listed
individuals. The controls can be a mix
of systems plus manual review. The
controls in the system should also be
tested on an ongoing basis. There
should be an AML policy which lists
down the roles and responsibilities of
each department in the AML regime,
controls in place etc. This needs to be
approved by the Board and reviewed
every year. The Board needs to be
apprised on a quarterly/semi-annual
basis a summary of trainings
imparted, transactions reported etc.
The following are the minimum prerequisites that should be in place as a

starting point to institutionalise the AML
Compliance framework in any insurance
company:
(a) Robust KYC and enhanced KYC
verification process
(b) In-depth training of the front line and
back office employees
(c) System of generation of alerts to
enable the Principal Compliance
Officer to analyse and prepare
suspicious and cash transaction
reports
(d) Effective internal audit as an
independent overseeing mechanism
and who conducts audits on an
ongoing basis
(e) Board governance for monitoring the
AML compliance framework
(f) Control over acceptance of cash
(g) Screening of names of sanctioned
parties before issuance of a policy
(h) Trained and vigilant AML team to
monitor transactions
Preservation of records:
As per the IRDA AML guidelines, the
insurers/agents/corporate agents are
required to maintain the records of type of
transactions mentioned in Rule 3 of the
Prevention of Money Laundering Rules
2005 as well as those relating to
verification of identity of clients for a
period of five years. Sharing of
information on customers may be
permitted between different
organisations such as banks, insurance
companies, Income tax authorities, local
government authorities on request.
(i) Adherence to the AML guidelines by

individual/corporate agents
It is the responsibility of the Principal
Compliance Officer to ensure that the AML
compliance framework is in place and
ensure that the processes are running
effectively and efficiently.
The author is Senior Manager

Compliance, HDFC Standard Life
Insurance Co. Ltd. Views expressed
herein are personal.
arriving at a decision that an alert is

suspicious or not cannot be just based
on a few considerations. It is the result
of a holistic analysis of the case and
requires application of mind and
judgement on the part of the Principal
Compliance Officer. It is equally
important to have the AML
compliance team at a centralised
level. The centralisation of the
responsibility and decision making is
re q u i re d to d e - r i s k t h e A M L
monitoring process from Tipping off
of the information instead of having
the team in regions or delegation of
responsibility. It is also recommended
that the process of alert generation
can be more effective if it is automated
to the maximum possible extent.
27
issue focus
Evolving Insurance Industry

- Duly Fulfilling Mandates
Lalit Vermani opines that although there have been a spate of mandatory requirements in the
liberalized environment; it is good that they work towards betterment of policyholders interests.
olicy servicing continues to grow in
policy servicing by issuing various
File & Use of procedure for Policy Bond:
significance as the industry
guidelines and circulars which work
re-introducing the process of approval
expands and grows even more
specifically towards promoting the
of policy bond within the product File
sophisticated. In this competitive market
interest of policyholders on a continuous
& Use procedure effective 1 April 2013.
it has become imperative for the
basis.
Claim - direction to all insurers
insurance company to provide quality

services to customers or lose out to
With the objective of ensuring
advising them not to repudiate claims
competitors. The best policy servicing
transparency in the sales process and
due to late intimation of claims or
begins even before the purchase of the
policyholder protection, the authority has
delayed submission of claims without
policy. By establishing and maintaining a
issued various guidelines/circulars on
proper justification for their
positive relationship with each insured

through frequent customer contact and
maintenance of up- to date information,
an insurer is able to ensure that there is a
repudiation.
Standard proposal form : adoption of a
standard proposal form mandatory
for every life insurer
Way back in early 90s, there were barely
any regulations or laws which would
28
required to put a risk-based

management system in place for
clear understanding of insureds

expectation and insurers deliverables.
Anti -Fraud Policy - Insurers are
continued monitoring of risks across
IRDA has emphasized the

importance on policy
all lines of business and also initiate

measures to address them , in order to
control frauds .
direct insurers on policy servicing. The
servicing by issuing
companies had to resort on their internal
various guidelines and
allotment of such policies to new
policies and best practices for servicing of
circulars which work
agent in order to ensure customers
customers. Post introduction of IRDA in

1999, the insurance industry has
specifically towards
witnessed a revolution with respect to
promoting the interest of
laws and regulations. In recent years,

there has been an increased focus on
safeguarding customers interest and
ensuring seamless delivery of services.
IRDA has emphasized the importance on
policyholders on a
continuous basis.
Servicing on Orphan policies re
are serviced and persistency is intact

New regulations on ULIP and
traditional products aims to make
insurance policies more customer
friendly
It is the endeavor of
every insurance company
that their customer
service department is
active across channels, so
that no customer is
deprived of the positive
experience they seek at
various stages of their
journey.
29
issue focus
Insurance
companies have
come up with
innovative
techniques for policy
servicing which are
beneficial for
customers.
The author is Chief Legal Compliance

and Risk Officer, Birla Sun Life Insurance
Co. Ltd.
We welcome consumer experiences.

Tell us about the good and the bad you
have gone through and your suggestions.
Your insights are valuable to the industry.
Help us see where we are going.
30
Send your articles to:

Editor, IRDA Journal, Insurance Regulatory and Development Authority,
Parishram Bhavan, 3rd Floor, Basheer Bagh, Hyderabad-500 004.
or e-mail us at irdajournal@irda.gov.in
Distribution Compliance Framework

- Vital Hub of the Wheel
C.L. Baradhwaj writes that distribution, being an important element of business in the Indian
insurance domain, has several mandates in place and calls for absolute fulfillment of the regulations
in their true spirit.
istribution forms the backbone of

any organisation. In insurance,
distribution assumes more
importance in view of the peculiar nature
of insurance products, since the level of
understanding of the customers on what
he or she is buying is low. As a result, the
distributor needs to take extra efforts to
ensure that what is sold to customer is
understood by him and adds value to him.
While a customer walks into the shop of a
TV dealer for buying a TV, a common man
does not do so when it comes to buying
insurance. Insurance, especially Life
insurance, is sold and not bought. Let us
look at the framework of compliances
applicable to various distribution related
models.
Sr.No.
1.
2.
3.
Back end (Data base

sharing and lead generation)
Referral Companies
(Database sharing)
Telemarketing
(Lead Generators)
Web Aggregators
(Lead Generators)
Let us now look at the compliance

framework as applicable to each of the
above models.
Insurance Agent Vs. Insurance Broker
While a Tied-agent (Individual/
Corporate/Micro insurance Agents) is
authorised to sell on behalf of any one
insurer at a time, an insurance broker is
authorised to sell the insurance policies of
any insurance company.
Distribution models
Sr.No.
1.
2.
3.
4.
5.
6.
7.
Front-end
(Authorised to sell)
Individual Agents
Corporate Agents
Micro Insurance Agents
Insurance Brokers
Banks as Insurance Brokers
Telemarketing
(Authorised Verifiers)
Direct Marketing
the agent done in the

normal course of his
business within the
scope of authority given
by the principal.
In terms of the principles enshrined in

Sections 182 to 238 of the Indian Contract
Act, 1872, an insurance agent represents
his Principal (i.e. the insurer with whom he
or she is attached). The principal is
responsible for the acts of the agent done
in the normal course of his business
within the scope of authority given by the
principal. Under such circumstances, acts
of the agent constitute the acts of the
principal whom the agent represents.
An insurance broker is independent of the
insurance company and operates on a
principal-to-principal basis. A broker
represents a customer as against an agent
who represents the insurer. Therefore, the
broker carries the risk arising on account
of the conduct of the employees of the
broker in the course of his business and
t h e i n s u r e r, u n d e r t h e n o r m a l
circumstances, is not responsible for the
acts of an independent broker.
Individual Agents
There are three types of licences (a) Life
licence (b) Non-life licence (c) Composite
licence. A composite licence authorises
the agent to sell on behalf of one Life and
one Non-life Insurer at a time.
Background
31
issue focus
The following requirements will have to

be fulfilled for issue of a licence to become
an insurance agent:
The CIE shall possess the

minimum qualifications as
(a) Possessing minimum qualifications

for becoming an insurance agent
1 2 t h s t a n d a rd o r e q u i va l e n t
examination if the agent resides at
places with population of 5,000 or
more as per census and a pass in the
1 0 t h s t a n d a rd o r e q u i va l e n t
examination for candidates residing
in any other place
(b) Undergoing practical training from an
approved training institution for 50
hours (75 hours for composite licence
and 25 hours for professionally
qualified) covering various insurance
subjects
(c) Pa s s i n g t h e p r e - r e c r u i t m e n t
examinations to be conducted by the
Insurance Institute of India
(d) Prescription of application for IRDA
licensing alongwith the fees required
with the required testimonials.
In addition to the above, the insurer is also

required to conduct training on AML and
ULIP (in the case of life insurance) for the
agent at the time of licensing. A licence
issued shall be valid for a period of 3 years
and shall be renewed atleast 30 days
before the due date. The agent is entitled
to a commission as per the file and use
rates approved by IRDA for the products of
the insurer.
32
Where an agent is terminated after 5

years of service with an insurer, renewal
commission (on the policies placed by the
agent before termination, but premiums
paid after termination) after termination
must continue to be paid, subject to the
two conditions that policies with sum
assured of not less than `50,000 are in
force one year before the date of
prescribed under the

applicable regulations,
undergo the practical
training and pass the
examination conducted by
the Insurance Institute of
India.
t e r m i n a t i o n ; a n d s u c h re n e w a l
commission after termination does not
exceed 4%. Where the agent has served
10 years, such renewal commission is
payable only if the agent does not work
for any other insurer. Further such
commission is payable to legal heirs after
death of the insurance agent.
Commission on orphan policies allotted to
another agent and reinstated on nonmedical basis can be paid as per Orphan
policy guidelines. However, under Section
40(2A), only 50% of the commission can
be paid to the new agent to whom the
policies are allotted, in the case of lapsed
policies reinstatable on the basis of
medical examination.
Corporate Agents
A corporate agent, like an individual
agent, represents one insurer at a time
and is eligible for issue of the three types
of licences as mentioned in the case of
individual agents. The main difference is
that in the case of corporate agents, the
entity which is licensed is the firm or the
company in whose name the application
for licence is made. The deed of
constitution of the corporate agent shall
state insurance solicitation as one of the
main objects.
Every corporate agent shall have a

Corporate Insurance Executive (CIE), who
has the overall responsibility for ensuring
compliance of the Corporate Agent with
the applicable regulations. The CIE shall
possess the minimum qualifications as
prescribed under the applicable
regulations, undergo the practical
training and pass the examination
conducted by the Insurance Institute of
India.
Every person who is authorised to sell on
behalf of a corporate agent is called a
Specified Person (SP). Such specified
person shall be an employee of the
corporate agent who should possess the
minimum qualifications, undergo the
practical training and pass the
examination conducted by the Insurance
Institute of India.
(a) Exclusive & non-exclusive corporate
agencies
There are two types of corporate
agency licences, namely, exclusive and
non-exclusive. Exclusive corporate
agencies are those whose primary
and sole business shall be that of
soliciting business as a corporate
agent. The entity applying for
exclusive corporate agency shall be in
the form of public limited company
with a capital `15 lakhs capital which
needs to be deposited into a bank
account to be used for setting up of
office or invested after the insurers
(with whom the corporate agent has
tied up) approval. Further, only those
persons who are part of a group
having Indian insurance company or a
scheduled commercial bank within
the group shall be eligible for issue of
corporate agency license to do
insurance distribution as the principal
business, provided this shall be the
only corporate agency amongst all the
entities in the group.
Where corporate agent is also

a Group policyholder,
independent auditor to be
filed by corporate agent with
insurer, confirming
compliance with Sections
64VB, 40A, 40C etc.
certificate from an
33
issue focus
Micro insurance agent and

the specified persons will
have to undergo 25 hours
of training imparted by the
insurer before they are
authorised to sell.
34
Authorised verifiers alone

are permitted to engage
in solicitation of business
from the clients and
conclude the sale.
35
issue focus
A referral company can

have referral tie up with
36
only one insurer one

Life, one Non-life and one
standalone Health
insurer.
A web aggregator is
not a licensed entity
for soliciting business
and hence cannot
The author is Sr. Vice-President

(Compliance) & Chief Risk Officer, Bharti
AXA Life Insurance Company Limited.
The views expressed herein are the
personal views of the author and
should in no way be deemed to be the
views of Bharti-AXA Life Insurance
Company Limited or any of its associate
companies.
close the sale.
37
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45
statistics non-life insurance
GROSS PREMIUM UNDERWRITTEN BY NON-LIFE INSURERS WITHIN INDIA (SEGMENT WISE) :

SI.
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
46
27
Insurer
Royal Sundaram
Previous year
TATA-AIG
Previous year
Reliance
Previous year
IFFCO Tokio
Previous year
ICICI Lombard
Previous year
Bajaj Allianz
Previous year
HDFC ERGO
Previous year
Cholamandalam
Previous year
Future Generali
Previous year
Universal Sompo
Previous year
Shriram
Previous year
Bharti Axa
Previous year
Raheja QBE
Previous year
SBI
Previous year
L&T
Previous year
Magma HDI
Previous year
Star Health & Allied Insurance
Previous year
Apollo MUNICH
Previous year
Max BUPA
Previous year
Religare Health
Previous year
Liberty Videocon
Previous year
Private Total
Previous year
New India
Previous year
National
Previous year
United India
Previous year
Oriental
Previous year
ECGC
Previous year
AIC of India
Previous year
Public Total
Previous year
Grand Total
Previous year
Fire
Marine
Marine
Cargo
Marine
Hull
Engineering
Motor
26.82
47.75
137.47
103.31
87.22
71.25
119.46
100.71
241.95
180.22
103.97
107.08
115.55
114.60
35.56
32.01
44.91
36.05
35.72
29.16
2.29
1.60
37.14
24.71
0.07
0.03
113.52
64.07
13.21
9.54
1.03
NA
9.63
9.59
65.45
64.03
15.05
13.09
36.49
27.85
95.73
72.81
33.59
28.12
32.94
31.00
17.53
9.92
17.48
19.17
8.22
4.38
0.28
0.35
13.00
9.64
0.00
0.00
3.38
1.64
3.16
2.08
0.34
NA
9.15
9.59
65.45
64.03
15.04
12.77
31.24
24.41
79.59
60.33
32.69
28.06
28.53
26.09
17.52
9.91
17.48
19.17
8.22
4.38
0.28
0.35
13.00
9.64
0.00
0.00
3.38
1.64
3.16
2.08
0.34
NA
0.48
0.00
0.00
0.00
0.01
0.32
5.25
3.44
16.14
12.48
0.90
0.05
4.41
4.92
0.01
0.01
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
NA
9.95
7.80
32.36
26.28
25.04
35.58
28.10
14.42
49.85
46.21
37.68
38.89
20.63
23.05
5.89
6.52
10.66
10.60
4.06
3.81
1.42
0.87
12.93
6.73
0.12
0.03
5.39
5.89
4.10
3.07
0.18
NA
265.21
240.71
268.51
224.41
356.33
308.85
451.56
324.75
779.84
605.60
610.14
522.16
205.33
159.10
306.07
245.37
156.83
144.92
54.79
55.47
357.63
324.43
249.60
182.57
0.24
0.01
98.17
34.29
30.57
24.28
69.50
NA
1.57
NA
1,117.46
922.11
460.15
434.55
273.12
246.49
392.29
349.75
367.24
322.11
0.00
NA
352.27
293.67
210.34
188.03
108.98
105.56
206.12
185.66
165.64
163.49
0.00
NA
325.06
272.45
94.80
97.59
58.20
56.55
94.02
92.19
80.14
86.50
0.00
NA
27.20
21.21
115.55
90.44
50.78
49.01
112.10
93.47
85.50
76.99
0.32
NA
248.68
229.75
100.57
115.02
75.85
74.04
133.11
128.46
97.57
96.63
10.84
NA
4,271.17
3,396.92
1,056.67
884.84
1,252.84
1,043.02
851.68
812.81
624.85
578.67
1,492.80
1,352.90
2,610.26
2,275.01
691.08
642.74
1,043.35
936.41
327.15
332.83
652.22
605.28
363.93
309.91
391.13
331.12
407.11
414.16
655.79
643.91
3,786.04
3,319.34
8,057.21
6,716.26
Compiled on the basis of data submitted by the Insurance companies
FOR THE PERIOD JUNE 2013 (PROVISIONAL & UNAUDITED)

( M in Crores)
Motor TP
Health
189.74
181.53
176.35
169.39
198.29
174.06
262.09
204.53
510.00
425.91
423.29
373.81
133.28
104.51
162.06
140.73
110.12
96.05
28.53
28.89
122.95
126.65
170.61
134.93
0.00
0.00
54.64
21.42
21.50
15.17
36.59
NA
75.47
59.17
92.16
55.02
158.04
134.78
189.47
120.22
269.83
179.69
186.86
148.36
72.05
54.59
144.00
104.64
46.71
48.88
26.26
26.59
234.68
197.78
79.00
47.64
0.24
0.01
43.53
12.86
9.08
9.11
32.91
NA
9.44
NA
2,609.47
2,197.58
543.34
446.93
567.18
485.28
400.69
404.02
277.96
268.45
1.41
NA
1,661.70
1,199.33
513.33
437.91
685.66
557.74
450.99
408.80
346.89
310.22
65.25
64.78
85.97
47.04
169.24
80.45
63.55
36.55
405.95
348.98
201.49
135.90
237.98
143.86
93.70
87.21
37.37
32.29
30.37
17.57
0.00
0.00
71.02
66.30
0.00
0.00
2.41
1.99
9.98
3.94
0.00
NA
184.32
176.90
104.59
97.30
59.45
36.39
50.88
NA
0.00
NA
1,873.53
1,377.45
937.19
865.07
551.28
566.18
781.64
676.60
443.88
369.37
1,789.18
1,604.67
4,398.65
3,802.26
1,996.86
1,714.67
3,658.56
2,914.01
2,713.98
2,477.22
4,587.51
3,854.67
Aviation
Liability
0.00
0.00
0.22
0.00
0.78
1.36
1.86
1.15
10.05
26.14
2.24
3.68
6.33
6.55
0.00
0.00
0.00
0.00
0.25
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.62
6.14
0.00
0.00
0.00
NA
2.92
2.70
51.81
47.19
17.26
23.05
18.95
17.27
45.28
40.89
38.00
33.81
36.38
30.54
3.12
3.82
8.94
7.57
1.35
1.40
0.42
0.20
4.04
1.68
5.14
2.89
0.99
0.25
1.58
1.42
0.00
NA
0.00
NA
22.34
45.02
19.18
11.77
24.21
20.82
13.50
3.93
24.75
20.29
0.11
NA
236.28
214.68
73.91
66.16
27.59
28.35
42.83
38.33
31.71
30.94
11.97
15.19
35.69
36.27
7.53
9.99
9.04
8.43
51.36
45.15
12.00
14.26
65.97
58.57
15.07
12.15
14.05
11.42
2.28
1.97
0.59
0.25
9.31
8.74
0.10
0.08
35.13
3.23
1.96
2.28
0.00
NA
4.13
2.93
2.91
2.04
0.32
0.00
0.48
NA
0.72
NA
280.61
232.95
49.79
45.32
33.59
32.12
41.25
39.51
34.73
32.52
81.64
56.80
103.98
101.82
176.05
163.77
412.33
378.45
159.36
149.48
439.97
382.44
All Others
4.43
5.57
7.64
14.67
20.47
16.43
44.42
54.87
96.11
35.76
47.16
45.54
50.40
2.80
3.20
3.21
16.18
14.13
17.62
16.57
1.39
0.24
4.83
3.42
0.53
0.74
11.29
8.75
0.82
1.21
0.00
NA
0.00
0.00
2.85
2.33
0.00
0.00
0.00
NA
0.42
NA
329.76
226.26
148.13
132.74
118.93
125.03
195.27
188.29
168.33
136.87
289.97
251.10
354.38
170.33
1,275.01
1,004.37
1,604.76
1,230.63
Grand Total
396.18
394.11
685.11
563.19
698.91
560.05
773.43
585.99
1,776.12
1,401.76
1,086.28
929.44
771.50
570.08
480.15
400.21
306.42
276.16
154.67
130.34
364.02
327.95
401.88
303.78
6.22
3.79
270.89
126.25
65.38
47.83
71.05
NA
188.46
179.83
110.35
101.68
59.76
36.39
51.36
NA
13.98
NA
8,732.10
6,938.81
3,055.93
2,743.50
2,466.39
2,241.62
2,657.68
2,423.33
1,958.70
1,750.89
289.97
251.10
354.38
170.33
10,783.06
9,580.78
19,515.16
16,519.59
Motor OD
Personal
Accident
47
statistics non-life insurance
Report Card: General

GROSS PREMIUM UNDERWRITTEN FOR AND UP TO THE MONTH OF JULY 2013
( M in Crores)
INSURER
2013-14
Royal Sundaram
Tata-AIG
Reliance General
IFFCO-Tokio
ICICI-lombard
BajajAllianz
HDFC ERGO General
Cholamandalam
Future Generali
Universal Sompo
Shriram General
BhartiAXAGeneral
Raheja QBE
SBI General
L&T General
Magma HDI
Liberty
Star Health &Allied Insurance
Apollo MUNICH
Max BUPA
Religare
New India
National
United India
Oriental
ECGC
AIC
PRIVATE TOTAL
PUBLIC TOTAL
GRAND TOTAL
2012-13*
116.01
208.61
203.60
215.87
588.32
420.08
194.10
147.98
93.85
38.88
130.96
101.26
2.41
97.44
15.37
32.31
8.22
96.25
39.40
23.95
10.49
975.02
776.14
936.62
615.12
105.01
185.42
2,785.36
3,593.32
6,378.69
(%)
GROWTH OVER THE

CORRESPONDING
PREVIOUS YEAR
APRIL-JULY
JULY
2013-14
132.39
181.48
164.67
184.37
493.83
339.57
169.62
134.05
88.76
36.27
117.40
97.45
1.71
60.23
10.56
NA
NA
66.23
42.59
13.46
7.36
885.37
703.20
875.10
528.70
97.30
122.70
2,342.01
3,212.37
5,554.38
2012-13*
512.19
893.72
902.51
989.30
2,364.44
1,506.36
965.60
628.13
400.26
193.47
494.98
503.14
8.62
368.34
80.74
103.40
22.20
284.71
149.75
83.72
61.85
4,030.95
3,242.53
3,594.29
2,573.83
394.98
539.80
11,517.43
14,376.37
25,893.80
526.49
744.67
724.72
770.36
1,895.59
1,269.02
739.70
534.26
364.92
166.61
445.35
401.23
5.49
186.48
58.22
NA
NA
246.06
144.26
49.85
7.36
3,628.88
2,944.82
3,298.42
2,279.59
348.40
292.77
9,280.64
12,792.88
22,073.52
-2.72
20.02
24.53
28.42
24.73
18.70
30.54
17.57
9.69
16.13
11.14
25.40
56.99
97.52
38.69
NA
NA
15.71
3.80
67.94
740.18
11.08
10.11
8.97
12.91
13.37
84.37
24.10
12.38
17.31
Note: Compiled on the basis of data submitted by the Insurance companies

* Figures revised by insurance companies
Premium underwritten by non-life insurers upto the month of July, 2013
70000
69,081
65000
60000
55000
48
Premium (M In Crores)
50000
45000
40000
35000
30000
25,894
25,894
25000
19,515
20000
22,074
16,520
15000
13,552
11,334
10000
6,467
7,890
5000
April
May
* Compiled on the basis of data submitted by the Insurance companies

The total bar in the above chart represents the business figures of the entire financial year
June
Month
July
Total
2012-13
2013-14
(Premium in ` Lakhs)
FOR AND UP TO THE MONTH OF JUNE, 2013
For the
month
Up to
the month
No. of Policies
in Rural Areas
For the
month
Up to
the month
Amount of Premium
u/w in Social Sector
For the
month
Up to
the month
No. of Lives covered

in Social Sector
For the
month
Up to
the month
No. of
Lives covered *
For the
month
Up to
the month
(Monthly - June, 2013)
irda journal August 2013
Amount of Premium
u/w in Rural Areas
49
Name of the Insurer: Bajaj Allianz General Insurance Company Limited
BUSINESS FIGURES:
Total Premium u/w
LINE OF BUSINESS
For the
month
Up to
the month
For the
month
Up to
the month
Sum Assured
For the
month
Up to
the month
2217.37
10396.84
Previous year
2257.42
10707.77
Marine Cargo
749.15
3268.94
Previous year
704.06
2806.46
13946.00
Marine Hull (Including

Onshore & Offshore oil energy)
1.30
90.25
5.00
8.00
-0.30
84.97
139.00
76240.00
Previous year
1.60
5.27
0.00
1.00
-4.39
-31.26
0.00
50.00
Marine (Total)
750.45
3359.19
13785
41111
44.79
547.45 42512743.00 157722540.00
Previous year (Total)
705.67
2811.74
13946
39038
226.91
Aviation
101.27
224.35
20.00
84.00
15.63
-143.70
1278602.00
85.64
368.06
9.00
35.00
55.32
-290.87
3266120.00
5808840.00
736.73
3768.26
1449.00
4820.00
-1197.74
-120.94 16930646.00
43565045.00
1311.93
1282.21 25836528.00
54597696.00
Engineering
Previous year
34689.00
100080.00
-40.05
-310.93 30055369.00 158358428.00
36080.00
97558.00
474.22
2572.20 31463482.00 171368753.00
13780.00
41103.00
45.08
462.48 42512604.00 157646300.00
39037.00
231.30
222.15 10000524.00
190.89 10000524.00
35001180.00
35001230.00
4679035.00
1934.46
3889.20
1494.00
4461.00
Motor Own Damage
14480.41
42328.50
343352.00
999613.00
933.28
4947.89
972187.00
2806527.00
Previous year
13547.13
37380.61
342415.00
931114.00
2645.61
4633.04
885382.00
2468442.00
6723.65
18685.88
349058.00
1020807.00
1029.00
3850.36
Previous year
5694.66
14835.52
347909.00
942032.00
1163.87
2837.39
Motor (Total)
21204.06
61014.38
349058
1020807
1962.28
8798.25
972187.00
2806527.00
19241.79
52216.13
347909
942032
3809.48
7470.44
885382.00
2468442.00
Workmen's compensation /
Employer's liability
287.17
896.02
1800.00
5450.00
14.88
57.88
58056.00
196686.00
Previous year
272.29
838.14
1821.00
5163.00
41.89
24.68
46408.00
155893.00
Public Liability
5.00
43.33
16.00
91.00
-2.05
14.82
20054.00
110343.00
Previous year
7.05
28.51
25.00
78.00
-1.62
-3.67
27046.00
129882.00
98.46
741.79
77.00
220.00
21.98
124.62
326772.00
1256353.00
Motor Third party
Product Liability
Previous year
Up to
the month
Accretions during
the month (premium)
Fire
Previous year
50
For the
month
Total No. of
Policies Issued
76.49
617.17
65.00
201.00
7.09
53.99
89778.00
309156.00
Other Liability Covers
1119.71
2118.74
380.00
1125.00
73.43
221.11
649195.00
1693806.00
Previous year
1046.28
1897.63
344.00
977.00
176.71
121.44
451857.00
999705.00
Liability (Total)
1510.34
3799.88
2273
6886
108.24
418.43
1054077.00
3257188.00
1402.10
3381.46
2255
6419
224.06
196.45
615089.00
1594636.00
Personal Accident
423.31
1200.13
6433.00
17922.00
-127.11
-225.95
4453844.00
10771041.00
Previous year
550.42
1426.07
7262.00
18074.00
177.19
265.63
1974029.00
6092834.00
Medical Insurance
5847.74
16916.13
65465.00
181111.00
2846.55
6148.56
7880298.00
23178731.00
Previous year
3001.19
10767.56
70401.00
168357.00
398.22
1838.07
3137398.00
8465195.00
Overseas Medical Insurance
833.70
3233.17
46624.00
159407.00
104.21
410.99
234285.00
3918492.00
Previous year
729.48
2822.19
47412.00
161254.00
65.36
797.25
886874.00
4046633.00
Health (Total)
6681.43
20149.30
112089
340518
2950.76
6559.55
8114583.00
27097223.00
3730.67
13589.75
117813
329611
463.58
2635.32
4024272.00
12511828.00
Crop Insurance
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1320889.00
Credit Guarantee
34.65
166.28
8.00
25.00
54.80
91.55
126907.00
-20.15
74.73
4.00
19.00
-151.59
-207.68
273800.00
632385.00
All Other Miscellaneous
1371.56
4549.75
45067.00
153213.00
-130.81
70.29
3715846.00
17249748.00
Previous year
56165.00
145957.00
129.87
106.02
2287833.00
6408957.00
Previous year
1502.37
4479.47
Grand Total
35031.20
108628.37
564871
1685466
3640.79
15683.99 109214804.00
426827664.00
31390.40
92944.38
582937
1583204
6720.96
14220.60
296485601.00
*Wherever applicable
80627059.00
For the
month
Up to
the month
No. of Policies
in Rural Areas
For the
month
168.39
710.26
2650.00
187.47
625.20
2903.00
25.13
136.07
873.00
53.54
117.57
833.00
0.00
0.00
0.00
0.00
25.13
Amount of Premium
Up to
the month
7465.00
For the
month
Up to
the month

in Social Sector
No. of
Lives covered *
Up to
the month
For the
month
For the
month
Up to
the month
0.00
0.00
0.00
0.00
7763.00
0.00
0.00
0.00
0.00
2391.00
0.00
0.00
0.00
0.00
2307.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
136.07
873
2391
0.00
0.00
53.54
117.57
833
2307
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
75.54
221.75
160.00
657.00
0.00
0.00
0.00
0.00
141.60
261.33
166.00
706.00
0.00
0.00
0.00
0.00
1119.26
3241.45
501.00
1475.00
0.00
0.00
0.00
0.00
1105.82
3003.51
1283.00
3611.00
0.00
0.00
0.00
0.00
649.18
1691.72
33687.00
96895.00
0.00
0.00
0.00
0.00
567.47
1404.34
31487.00
86341.00
0.00
0.00
0.00
0.00
1768.44
4933.17
33687
96895
0.00
0.00
1673.29
4407.85
31487
86341
0.00
0.00
48.36
117.15
266.00
864.00
0.00
0.00
0.00
0.00
38.35
106.69
258.00
778.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
34.63
168.21
36.00
92.00
0.00
0.00
0.00
0.00
22.81
169.63
33.00
73.00
0.00
0.00
0.00
0.00
82.99
285.37
302
956
0.00
0.00
61.16
276.32
291
851
0.00
0.00
36.43
126.40
4334.00
10990.00
0.00
20.91
18343.00
68340.00
54.99
158.88
5180.00
11690.00
10.95
24.70
30741.00
61277.00
241.02
740.04
3212.00
8090.00
0.00
0.00
0.00
0.00
112189.00
350748.00
162.72
440.58
2466.00
6250.00
0.00
0.00
0.00
0.00
123978.00
322692.00
70.77
235.40
2444.00
8252.00
0.00
0.00
0.00
0.00
0.00
0.00
60.44
188.59
2207.00
7437.00
0.00
0.00
0.00
0.00
0.00
0.00
311.80
975.44
5656
16342
0.00
0.00
112189
350748
223.16
629.17
4673
13687
0.00
0.00
123978
322692
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
99.82
318.22
2639.00
12406.00
0.00
0.00
0.00
0.00
129.43
325.68
5068.00
12416.00
0.00
0.00
0.00
0.00
2568.54
7706.67
50301
148102
0.00
20.91
18343
68340
112189
350748
2524.64
6801.99
50601
135761
10.95
24.70
30741
61277
123978
322692
Amount of Premium
u/w in Rural Areas
51
Name of the Insurer: Bharti AXA General Insurance Company Limited
BUSINESS FIGURES:
Total No. of
Policies Issued
Total Premium u/w

LINE OF BUSINESS
Up to
the month
For the
month
Accretions during
the month (premium)
Up to
the month
For the
month
For the
month
Up to
the month
Fire
270.44
3713.89
999.00
Previous year
246.74
2471.48
1141.00
3980.00
246.74
Marine Cargo
162.69
1300.47
332.00
1051.00
162.69
Previous year
164.08
963.71
275.00
726.00
164.08
Marine (Total)
162.69
1300.47
332
1051
164.08
963.71
275
726
Engineering
259.32
1293.40
432.00
Previous year
126.71
672.71
167.00
Motor Own Damage
5350.22
17060.70
123053.00
Previous year
4626.53
13492.75
67919.00
Motor Third party
2613.74
7899.63
123053.00
365842.00
Previous year
1665.28
4763.82
67919.00
192780.00
1665.28
3098.54
Motor (Total)
7963.96
24960.33
123053
365842
7963.96
6291.81
18256.57
67919
192780
49.84
197.72
240
Previous year
24.23
63
Public Liability
Previous year
3509.00
270.44
3443.45
Sum Assured
Up to
the month
For the
month
751240.55
9899154.34
2224.74
479977.01
5464885.57
1137.79
269598.79
2971048.02
799.63
221050.76
2256626.80
162.69
1137.79
269598.79
2971048.02
164.08
799.63
221050.76
2256626.80
1300.00
259.32
1034.08
260668.79
1110600.08
474.00
126.71
546.00
104664.04
280529.80
365842.00
5350.22
11710.48
525976.54
1648090.40
192780.00
4626.53
8866.22
251809.79
741320.68
2613.74
5285.88
16996.37
525976.54
1648090.40
6291.81
11964.76
251809.79
741320.68
712
49.84
147.88
7371
43249
84
218
24.23
38.94
4271
14661
16
0.76
4.01

Previous year
Aviation
Previous year
0.00
Product Liability
Previous year
0.00
0
0
0.00
0.00
106
201
52
137
105.60
95.88
24035
119853
29
105
52
28.83
75.75
7600
26785
156.20
403.97
296
865
156.20
247.77
31406.27
163102.60
53.06
167.75
93
270
53.06
114.69
11870.84
41445.94
Personal Accident
179.36
930.76
1157.00
3338.00
179.36
751.40
1349825.73
9775725.03
Previous year
333.56
873.58
959.00
2639.00
333.56
540.02
680939.95
2175889.07
Previous year
Liability (Total)
Medical Insurance
Previous year
942.85
7102.45
1457.00
5115.00
942.85
6159.60
14038.16
52652.75
1896.56
6630.11
1576.00
4833.00
1896.56
4733.56
9855.16
38060.18

Previous year
Health (Total)
942.85
7102.45
1457
5115
942.85
6159.60
14038.16
52652.75
1896.56
6630.11
1576
4833
1896.56
4733.56
9855.16
38060.18
24
24
24.05
0.00
108.15
458.76
1107.00
3172.00
108.15
350.61
114139.64
652952.94
70.12
341.89
1211.00
3624.00
70.12
271.77
144456.23
471070.54
10067.02
40188.09
128833
384192
10067.02
30121.07
3316894.47
26273326.16
9182.63
30377.80
73341
209326
9182.63
21195.17
1904623.78
11469828.58
Crop Insurance
52
Previous year
Credit Guarantee
Previous year
Previous year
Grand Total

Amount of Premium
u/w in Rural Areas
No. of Policies
in Rural Areas
Up to
the month
For the
month
Amount of Premium
Up to
the month
For the
month
For the
month
Up to
the month

in Social Sector
No. of
Lives covered *
Up to
the month
For the
month
For the
month
Up to
the month
22.64
62.45
474.00
1658.00
16.89
51.47
843.00
3021.00
0.53
1.17
6.00
20.00
1.59
1.68
7.00
10.00
0.53
1.17
20
0.00
0.00
1.59
1.68
10
0.00
0.00
3.53
48.67
25.00
119.00
7.33
11.69
13.00
20.00
309.30
1105.64
6660.00
21487.00
289.70
992.50
5722.00
16521.00
174.90
596.98
0.00
150.45
289.81
0.00
0.00
484.20
1702.62
6660
21487
0.00
0.00
440.15
1282.30
5722
16521
0.00
0.00
4.49
12.37
10.00
27.00
0.07
1.00
5.00
0.00
0.00
0.00
0.00
2.00
2.00
0.00
1.75
1.24
6.24
13.61
12
29
0.00
0.00
0.07
1.82
0.00
0.00
24.38
67.50
68.00
223.00
89.41
145.66
85.00
205.00
0.93
0.93
1.80
21.90
16.00
54.00
2.97
121.16
19.00
100.00
1.80
21.90
16
54
0.00
0.00
2.97
121.16
19
100
0.00
0.00
0.00
0.00
20.49
64.91
637.00
1651.00
14.69
56.43
905.00
2705.00
563.81
1982.82
7898
25241
0.00
0.00
573.09
1672.22
7595
22587
0.93
0.93
53
Name of the Insurer: Cholamandalam Ms General Insurance Company Limited
BUSINESS FIGURES:
Total No. of
Policies Issued
Total Premium u/w

LINE OF BUSINESS
Fire
49,653
981.8
3,201.2
13,755
41,448
297.1
450.9
1,751.9
433
1,487
110.1
340.9
990.7
594
1,786
145.5

1.0
Previous year
1.0
Marine (Total)
450.9
1,753.0
433
Previous year
23.8
Up to
the month
For the
month
355.1
3,162,846
9,840,018
418.1
4,574,423
10,795,831
761.3
1,685,848
7,135,182
(210.6)
1,946,799
8,836,550
0.1
107
1.0
100
1,489
110.1
761.3
1,685,848
7,135,288
340.9
991.6
594
1,787
145.5
(209.7)
1,946,799
8,836,650
Aviation
Previous year
Engineering
189.4
589.4
1,051
2,773
(74.1)
(62.3)
89,920
427,696
Previous year
263.5
651.7
948
2,366
45.6
(3.2)
651,579
1,056,355
Motor Own Damage
5,204.7
16,206.2
69,950
210,866
311.2
2,133.0
366,141
1,146,720
Previous year
4,893.5
14,073.2
65,661
184,242
(174.0)
17.4
349,364
987,461
Motor Third party
4,873.4
14,400.5
71,118
214,249
1,116.2
3,936.3
Previous year
3,757.2
10,464.2
66,088
185,367
1,533.4
4,295.8
Motor (Total)
10,078.1
30,606.7
71,118
214,249
1,427.4
6,069.2
366,141
1,146,720
8,650.7
24,537.4
66,088
185,367
1,359.4
4,313.3
349,364
987,461
35.7
140.8
184
618
(26.9)
(71.1)
4,808
24,676
Previous year
62.6
211.9
307
938
62.9
70.4
16,361
44,750
Public Liability
39.9
171.0
53
206
(11.4)
0.7
10,626
42,251
Previous year
51.3
170.2
68
243
(56.9)
(118.4)
11,551
40,655
Product Liability
Previous year
Previous year
66,927
Liability (Total)
75.6
311.8
237
824
(38.3)
(70.4)
15,434
113.9
382.1
375
1,181
5.9
(48.0)
27,911
85,406
Personal Accident
444.5
1,507.4
2,276
7,228
64.0
292.7
227,962
962,290
Previous year
380.6
1,214.7
1,765
4,282
22.7
165.5
382,989
826,586
Medical Insurance
2,715.0
9,160.9
6,448
17,852
(1,046.5)
638.1
75,860
425,939
Previous year
3,761.5
8,522.8
4,667
10,010
1,959.0
3,352.0
236,821
292,256
71.0
209.2
1,680
5,593
9.7
10.7
2,516
10,081
Previous year
61.2
198.5
1,915
6,180
61.2
198.5
2,420
9,113
Health (Total)
2,785.9
9,370.1
8,128
23,445
(1,036.8)
648.7
78,376
436,020
3,822.7
8,721.3
6,582
16,190
2,020.2
3,550.5
239,241
301,369
Crop Insurance
Sum Assured
Up to
the month
For the
month
13,271
Marine Cargo
1,005.6
Up to
the month
For the
month
3,556.3
Previous year
54
Up to
the month
For the
month
Accretions during
the month (premium)
37.7
(37.7)
(12)
(37.7)
(477)
Credit Guarantee
Previous year
96.7
320.4
3,700
11,665
(17.4)
(0.6)
332,716
1,097,984
12,288
(55.0)
(294.7)
611,435
1,460,310
Previous year

Previous year
114.1
321.0
4,172
Grand Total
15,126.8
48,014.9
100,214
311,326
496.3
7,993.8
5,959,242.4
21,112,944.4
14,630.5
40,021.1
94,267
264,909
3,803.7
7,891.9
8,783,264.2
24,349,966.5

No. of Policies
in Rural Areas
Up to
the month
For the
month
Amount of Premium
Up to
the month
For the
month

in Social Sector
Up to
the month
For the
month
No. of
Lives covered *
Up to
the month
For the
month
Up to
the month
For the
month
1.0
3.0
36
0.6
1.5
19
467.7
1,697.1
12,751
38,826
(1.3)
0.6
(10)
3.0
3.6
10
70.3
130.3
573
1,464
728.0
2,128.2
15,202
43,598
471.8
1,353.3
10,405
29,774
428.7
1,244.1
15,232
43,697
245.6
696.3
10,486
29,966
1,156.7
3,372.3
15,232
43,697
717.4
2,049.58
10,486
29,966
1,033.8
5,993.2
18
181
402,798
3,806,131
2,548.9
5,775.5
12
1,148,010
2,741,946
1,033.8
5,993.2
18
181
402,798
3,806,131
2,548.9
5,775.5
12
1,148,010
2,741,946
(37.7)
(12)
0.9
129.2
(276)
4,588
44.8
124.2
1,734
5,093
36.4
119.7
1,756
5,367
2,191.1
9,498.3
14,969
48,507
402,798
3,806,131
3,277.2
7,954.4
12,215
35,100
574.4
1,947.1
1,163,090
2,787,603
Amount of Premium
u/w in Rural Areas
55
Name of the Insurer: Future Generali India Insurance Company Limited
BUSINESS FIGURES:
Total Premium u/w
LINE OF BUSINESS
For the
month
Up to
the month
Total No. of
Policies Issued
Accretions during
the month (premium)
Up to
the month
For the
month
For the
month
Up to
the month
885.36
2022612.09
12420495.16
869.43
Previous year
858.21
3605.24
2835
8245
270.89
551.62
1480246.47
4953477.84
Marine Cargo
462.44
1748.22
1030
3240
162.73
-169.14
792486.48
5318753.99
Previous year
299.71
1917.36
964
2850
-25.97
562.55
675397.45
4143915.86

0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
Marine (Total)
462.44
1748.22
1030
3240
162.73
-169.14
792486.48
5318753.99
4490.60
3283
9747
11.21
299.71
1917.36
964
2850
-25.97
562.55
675397.45
4143915.86
Aviation
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
Engineering
305.00
1066.33
749
2090
66.70
6.56
280842.20
692678.27
Previous year
238.31
1059.77
539
1590
57.24
367.66
94307.73
314726.74
Motor Own Damage
3519.23
11012.18
46653
143997
162.20
1407.49
195444.48
615038.78
Previous year
3357.03
9604.69
48982
139267
403.22
1646.37
268525.88
748907.28
Motor Third party
1555.23
4670.77
130
299
-209.78
-217.03
Previous year
1765.00
4887.80
79
158
94.49
948.58
Motor (Total)
5074.46
15682.95
46653
143997
-47.58
1190.46
195444.48
615038.78
5122.04
14492.49
48982
139267
497.71
2594.95
268525.88
748907.28
165.13
528.91
962
2836
20.38
110.33
36537.86
100604.07
Previous year
144.76
418.59
734
2060
52
110.3490228
33292.44
77058.36
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
Product Liability
110.02
365.28
172
506
-25.01
27.24
32892.81
130203.34
Previous year
69640.85
135.04
338.04
161
429
23
43
27578.78
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
Liability (Total)
275.16
894.19
1134
3342
-4.64
137.57
69430.67
230807.41
279.79
756.63
895
2489
75.29
153.36
60871.21
146699.21
Personal Accident
346.98
1404.51
6269
18701
9.98
262.52
685494.17
3037915.00
Previous year
337.00
1141.99
6875
18718
91.01
28.19
288619.55
1442726.09
Medical Insurance
774.52
3358.29
1986
5524
-160.88
505.74
59836.39
156284.29
Previous year
935.39
2852.55
1891
4534
22.38
-523.47
33114.15
49577.10
102.13
379.06
5127
18805
-0.15
2.45
45750.93
245366.30
Previous year
102.28
376.61
5474
21430
-11.29
22.17
9903.25
67738.26
Health (Total)
876.65
3737.35
7113
24329
-161.02
508.20
105587.32
401650.59
1037.67
3229.16
7365
25964
11.09
-501.29
43017.40
117315.36
Crop Insurance
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
Credit Guarantee
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
479.23
1617.50
5222
13888
-46.69
204.10
501206.07
1937385.56
Previous year
525.92
1413.40
4910
14068
333.54
688.00
454532.42
1261505.76
Up to
the month
For the
month
Fire
Public Liability
56
Sum Assured
Grand Total
8689.33
30641.66
71453
219334
-9.31
3025.62
4653103.47
24654724.74
8698.64
27616.05
73365
213191
1310.80
4445.04
3365518.12
13129274.12

No. of Policies
in Rural Areas
Up to
the month
For the
month
Amount of Premium
Up to
the month
For the
month
25.94
444.16
231
For the
month
Up to
the month

in Social Sector
No. of
Lives covered *
Up to
the month
For the
month
For the
month
Up to
the month
713
67.35
303.81
240
756
36.49
99.92
85
233
28.84
277.94
91
255
36.49
99.92
85
233
0.00
0.00
28.84
277.94
91
255
0.00
0.00
12.87
71.15
61
188
9.80
46.77
53
166
275.75
886.88
3836
12116
272.79
810.15
4288
12313
146.71
444.57
172.35
497.46
422.46
1,331.45
3836
12116
0.00
0.00
445.14
1,307.61
4288
12313
0.00
0.00
4.14
21.30
39
119
7.24
45.64
36
135
10.68
24.14
12.00
45
1.26
9.01
4.00
14.82
45.44
51
164
0.00
0.00
8.50
54.65
40
141
0.00
0.00
9.04
19.86
371
1340
3.76
36.49
14519
60622
12.62
24.58
1067
1874
52.27
67.10
107
328
30.62
42.58
113
299
6.14
19.81
324
1065
4.22
17.43
280
1057
58.41
86.91
431
1393
0.00
0.00
34.85
60.01
393
1356
0.00
0.00
41.62
145.76
635
1856
205.81
416.07
3263
6884
621.65
2244.64
5701
18003
3.76
36.49
14519
812.90
2491.44
9435
23745
0.00
0.00
23463
87145
23463
87145
60622
23463
87145
Amount of Premium
u/w in Rural Areas
57
Name of the Insurer: HDFC ERGO General Insurance Company Limited
BUSINESS FIGURES:
Total No. of
Policies Issued
Total Premium u/w

LINE OF BUSINESS
1,531.18
11,555.19
5,149
14,210
Previous year
1,479.27
11,459.86
4,351
Marine Cargo
594.23
2,852.90
292
Previous year
622.24
2,608.80
258

255.36
440.97
15
Previous year
232.54
491.64
18
Marine (Total)
849.59
3,293.87
307
Sum Assured
Up to
the month
For the
month
Up to
the month
For the
month
51.91
95.34
3,986,103.68 25,874,372.56
11,610
221.34
3,086.41
3,547,503.16 27,928,610.15
1,067
(28.01)
244.10
843
354.56
1,163.04
1,570,228.11
8,518,382.92
67
22.82
(50.68)
20,647.35
146,953.77
121
(144.06)
(47.44)
38,799.92
132,855.10
1,134
(5.19)
193.43
210.51
1,115.60
1,609,028.03
1,374,696.35 10,642,964.01
1,395,343.70 10,789,917.77
854.78
3,100.44
276
964
Aviation
65.13
632.79
12
25
52.01
(21.92)
160,517.57
2,132,296.62
Previous year
13.12
654.71
14
(45.96)
61.25
2,975.00
1,478,567.31
8,651,238.03
Engineering
449.67
2,062.72
426
1,308
(77.66)
(242.11)
25,114.45
624,523.49
Previous year
527.33
2,304.83
460
1,242
10.66
(19.26)
154,329.70
798,065.09
Motor Own Damage
4,781.05
13,328.24
63,386
178,786
925.69
2,877.17
318,875.17
880,955.30
Previous year
3,855.36
10,451.08
79,890
172,579
674.97
2,030.03
251,661.96
654,387.74
Motor Third party
2,695.72
7,204.96
117,164
335,637
665.20
1,745.74
Previous year
2,030.53
5,459.22
109,054
298,978
280.71
1,073.60
Motor (Total)
7,476.77
20,533.21
117,164
335,637
1,590.89
4,622.91
318,875.17
880,955.30
5,885.88
15,910.30
109,054
298,978
955.68
3,103.63
251,661.96
654,387.74
88.48
267.98
112
293
59.36
68.60
19,552.42
90,288.55
Previous year
29.12
199.37
63
223
(4.01)
60.98
(14,576.16)
46,500.73
Public Liability
16.02
44.90
19
50
5.00
0.01
15,019.55
38,070.27
Previous year
11.03
44.89
22
68
(0.83)
(4.66)
9,836.23
42,549.67
1.36
10.03
(1.99)
(4.78)
880.00
4,890.30
Previous year
3.35
14.81
11
(0.71)
(7.16)
1,780.00
8,270.00
614.14
3,314.91
134
373
189.01
519.98
172,374.33
1,187,450.64
Previous year
425.12
2,794.93
95
362
12.60
225.35
100,969.97
764,985.17
Liability (Total)
720.00
3,637.82
266
722
251.39
583.82
207,826.30
1,320,699.76
468.62
3,054.00
183
664
7.05
274.52
98,010.05
862,305.57
Personal Accident
2,125.63
6,596.86
120,937
332,725
459.73
739.59
1,572,026.04 11,448,908.82
Previous year
1,665.90
5,857.27
103,347
317,541
473.92
1,586.74
2,937,881.77 10,796,691.36
Medical Insurance
4,051.13
22,342.70
35,737
101,673
(78.55)
9,139.96
174,837.74
Previous year
4,129.68
13,202.73
43,489
117,025
1,300.11
1,230.08
208,613.29
512,939.01
70.26
1,455.05
1,975
5,877
11.90
271.60
418,324.99
7,858,438.99
Previous year
58.36
1,183.45
1,327
3,621
42.53
816.07
432,239.78
3,941,286.55
Health (Total)
4,121.38
23,797.75
37,712
107,550
(66.65)
9,411.56
593,162.73
8,655,803.78
4,188.03
14,386.19
44,816
120,646
1,342.64
2,046.15
640,853.07
4,454,225.56
264.65
(1.48)
254.24
10,762.22
1.48
10.41
1.48
10.41
118.40
873.02
Crop Insurance
Up to
the month
For the
month
Fire
Product Liability
58
Up to
the month
For the
month
Accretions during
the month (premium)
Previous year
797,364.79
Credit Guarantee
Previous year
115.07
4,775.63
262
732
55.03
4,505.94
374,758.30
2,376,560.17

Previous year
60.04
269.70
572
1,338
(2.30)
78.81
322,460.82
1,764,750.45
Grand Total
17,454.43
77,150.49
282,241
794,050
2,309.97
20,142.80
8,633,727.95
64,114,800.49
15,144.46
57,007.69
263,061
752,997
3,175.02
11,344.26
9,564,821.95
57,389,714.27

No. of Policies
in Rural Areas
Up to
the month
For the
month
53.53
Amount of Premium
Up to
the month
For the
month
Up to
the month
For the
month
1,130

in Social Sector
Up to
the month
For the
month
-
No. of
Lives covered *
Up to
the month
For the
month
504.56
398
56.33
279.21
327
790
8.84
453.48
25
100
44.11
89.38
32
90
44.94
5.15
6.79
8.84
498.42
25
101
49.25
96.16
34
97
20.01
135.97
56
178
11.68
116.21
56
141
513.84
1,378.29
7,556
20,406
345.72
828.94
5,231
12,521
474.43
1,250.39
20,570
59,279
297.82
771.77
15,809
39,771
988.27
2,628.68
20,570
59,279
643.53
1,600.71
15,809
39,771
6.67
32.04
20
0.73
14.60
11
0.17
0.00
0.13
18.07
45.73
16
34.75
59.01
14
24.74
77.93
15
37
35.47
73.74
11
26
168.40
450.37
11,751
32,398
137.50
411.18
9,050
27,637
1,303,377
204.14
631.82
2,452
6,286
151,838
169.85
878.20
2,364
6,183
522,545
864,860
1.04
3.11
(230)
119
122,620
363,626
0.76
2.04
24
74
117,904
199,692
205.18
634.94
2,222
6,405
274,458
1,667,003
170.61
880.24
2,388
6,257
640,449
1,064,552
166.90
5.18
2.82
1,700.07
12
54
2.41
28.20
35
79
1,471.79
6,797.83
35,049
99,582
274,458
1,667,003
1,106.79
3,490.82
27,710
74,798
640,449
1,064,552
Amount of Premium
u/w in Rural Areas
59
Name of the Insurer: ICICI Lombard General Insurance Company Limited
BUSINESS FIGURES:
Total Premium u/w
LINE OF BUSINESS
Up to
the month
For the
month
Up to
the month
For the
month
Sum Assured
Up to
the month
For the
month
1,761.56
24,194.81
2,029
7,317
79.17
6,172.71
3,621,181
37,288,862
Previous year
1,682.39
18,022.10
2,116
7,057
149.10
6,781.69
3,266,773
26,282,408
Marine Cargo
1,432.40
7,958.87
1,490
4,714
358.27
1,925.71
5,419,167
28,499,669
Previous year
1,074.13
6,033.16
911
3,220
161.88
1,143.54
3,558,676
21,479,207
544,910

770.38
1,614.02
53
527.55
366.21
27,500
Previous year
242.83
1,247.81
39
(131.37)
(470.81)
59,351
403,041
Marine (Total)
2202.79
9572.89
1497
4767
885.83
2291.93
5446666.96
29044579.76
672.73
3618026.84
21882248.42
1316.96
7280.97
918
3259
30.51
Aviation
597.51
1,004.79
17
52
(177.12)
(1,609.29)
710,907
1,410,184
Previous year
774.64
2,614.09
13
56
265.12
(1,117.47)
629,374
1,662,618
Engineering
1,192.39
4,985.46
725
2,548
(126.66)
364.51
569,225
2,887,044
Previous year
1,319.05
4,620.95
532
1,812
(179.45)
(589.77)
505,538
3,487,365
Motor Own Damage
16,232.90
51,000.45
660,063
2,027,517
1,957.99
8,409.57
2,116,711
6,577,649
Previous year
14,274.91
42,590.88
528,000
1,608,506
3,455.68
9,928.71
1,770,593
5,414,553
9,092.78
26,983.24
667,995
2,051,317
2,784.09
9,014.14
Previous year
6,308.68
17,969.10
535,238
1,631,684
1,477.22
5,157.02
Motor (Total)
25325.67
77983.69
667995
2051317
4742.08
17423.71
2116710.66
6577649.30
20583.59
60559.98
535238
1631684
4932.90
15085.73
1770593.01
5414552.90
252.04
1,054.61
897
2,862
2.28
185.62
33,003
240,595
Previous year
249.75
868.99
709
2,198
102.02
229.69
35,805
194,739
Public Liability
2.75
33.04
83
(3.20)
2.13
3,475
40,608
Previous year
5.95
30.91
12
69
2.80
8.72
6,500
41,725
Product Liability
9.27
37.12
17
(6.53)
(8.87)
3,467
8,292
Previous year
15.80
45.99
20
(25.86)
(20.59)
3,942
10,117
410.93
3,403.38
181
631
18.65
260.53
180,797
857,138
Previous year
392.28
3,142.85
167
628
(184.15)
70.46
99,093
696,630
Liability (Total)
674.99
4528.16
1091
3593
11.21
439.41
220742.34
1146632.97
663.79
4088.74
894
2915
-105.19
288.28
145339.97
943210.95
Personal Accident
1,196.24
5,135.99
40,559
127,525
114.36
620.91
1,141,968
9,462,319
Previous year
1,081.89
4,515.08
46,434
156,695
369.77
1,164.41
1,049,268
8,049,521
Medical Insurance
9,503.81
37,826.97
46,751
143,153
1,844.43
5,248.33
641,706
1,768,571
Previous year
7,659.38
32,578.64
33,163
97,285
(2,972.93)
(7,644.49)
225,714
1,201,966
962.70
2,767.60
79,679
248,595
154.72
448.73
1,526,175
4,350,643
Previous year
807.98
2,318.87
82,227
240,602
61.19
188.20 2,405,068.06
6,410,272
Health (Total)
10466.51
40594.57
126430
391748
1999.15
5697.06
2167880.53
6119213.25
8467.36
34897.51
115390
337887
-2911.74
-7456.29
2630781.97
7612237.66
0.00
0.00
0.00
0.00
0.00
0.00
Credit Guarantee
91.06
513.01
21
18.68
(3.45)
3,061
12,427
Previous year
72.38
516.46
18
(72.03)
69.88
1,005
30,887
6,313.02
9,098.17
8,581
28,878
5,574.10
6,038.31
1,229,574
9,498,245

Crop Insurance
Accretions during
the month (premium)
Fire
Motor Third party
60
Up to
the month
For the
month
Total No. of
Policies Issued
Previous year

Previous year
738.93
3,059.87
7,043
22,298
(336.99)
(888.52)
1,230,295
5,524,504
Grand Total
49821.75
177611.55
848928
2617766
13120.79
37435.80
17227916.76
103447155.71
36700.96
140175.75
708581
2163681
2142.00
14010.68
14846994.94
80889554.38

No. of Policies
in Rural Areas
Up to
the month
For the
month
Amount of Premium
Up to
the month
For the
month

in Social Sector
Up to
the month
For the
month
No. of
Lives covered *
Up to
the month
For the
month
For the
month
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Up to
the month
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
795.40
2,478.49
0.00
981.93
3,178.11
0.00
0.00
831.88
2,508.71
34,937
107,936
0.00
690.13
2,191.09
28,295
86,220
0.00
0.00
1627.28
4987.20
34937
107936
0.00
0.00
1672.07
5369.20
28295
86220
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1220.05
2,525.10
123
443
0.00
93.36
19,511
1,137,438
3,047,314
4,853.67
6,464.53
264
811
0.00
104.79
47,574
1,439,766
4,874,660
0.33
0.74
15
40
0.00
79,679
248,595
10.31
46.56
294
996
0.00
0.00
82,227
240,602
1220.38
2525.84
138
483
0.00
93.36
19511
1217117
3295909
4863.98
6511.09
558
1807
0.00
104.79
47574
1521993
5115262
2,190
2,474
45
226
244
13
156
5037.29
9987.20
35120
108645
0.00
93.36
19511
1217117
3295909
6537.19
12123.89
28866
88183
0.00
104.79
47574
1521993
5115262
Amount of Premium
u/w in Rural Areas
61
Name of the Insurer: IFFCO Tokio General Insurance Company Limited
BUSINESS FIGURES:
Total No. of
Policies Issued
Total Premium u/w

LINE OF BUSINESS
Fire
Up to
the month
For the
month
Accretions during
the month (premium)
Up to
the month
For the
month
Up to
the month
For the
month
For the
month
Up to
the month
2533102.88
18223140.44
1033.30
11945.56
6487.00
16262.00
-1295.29
Previous year
965.21
10071.40
6571.00
12403.00
-1194.85
965.21
2810075.09
17825130.49
Marine Cargo
1055.59
3123.88
909.00
2519.00
265.56
1055.59
2420169.60
8547709.72
Previous year
620.96
2440.96
1032.00
2149.00
-406.12
620.96
1395159.76
7727434.07

424.63
525.12
49.00
134.00
366.76
424.63
444432.76
468005.92
Previous year
298.83
343.94
52.00
129.00
274.34
298.83
12838.98
30360.20
Marine (Total)
1480.23
3649.00
958
2653
632.32
1480.23
2864602.36
9015715.64
1084
2278
-131.78
919.79
1407998.73
7757794.27
359342.46
1033.30
Sum Assured
919.79
2784.90
Aviation
80.84
186.08
4.00
13.00
45.52
80.84
36557.82
Previous year
68.27
114.61
16.00
35.00
27.80
68.27
168032.81
231428.73
1799.44
2809.98
653.00
1159.00
1155.17
1799.44
501729.04
649785.20
-29.51
528.11
303305.06
557489.77
Engineering
Previous year
528.11
1441.69
435.00
1151.00
Motor Own Damage
8401.71
26209.05
316411.00
965048.00
-897.57
8401.71
539573.86
1332111.20
Previous year
7075.11
20453.25
305546.00
933493.00
-1027.13
7075.11
541396.48
1565108.53
Motor Third party
11.43
6058.16
6058.16
18947.14
5645.00
18422.00
Previous year
3891.73
12021.76
4077.00
5145.00
-489.61
3891.73
Motor (Total)
14459.86
45156.19
316411
965048
-886.13
14459.86
539573.86
1332111.20
10966.84
32475.00
305546
933493
-1516.74
10966.84
541396.48
1565108.53
133.48
438.82
900.00
2890.00
10.92
133.48
21288.49
62910.56
Previous year
111
336
901
2717
-14
111.38
2253
6793
Public Liability
78.87
317.58
76.00
230.00
-67.47
78.87
218513.00
104942.55
Previous year
Product Liability
Previous year
Previous year
57
185
15
35
57.32
6335
20467
23.13
71.88
7.00
20.00
-20.11
23.13
52150.00
19493.50
54
18
-10
1.80
158
4750
936.78
1066.78
75.00
182.00
878.36
936.78
1122101.67
443788.89
840
1151
38
115
735
839.56
54609
74867
Liability (Total)
1172.26
1895.06
1058
3322
801.70
1172.26
1414053.15
631135.50
1010.07
1726.63
957
2885
718.74
1010.07
63353.93
106875.81
Personal Accident
360.45
904.42
14576.00
41542.00
93.49
360.45
149024.43
2784410.77
Previous year
345.49
843.06
2164
5483
38.30
345.49
88790.10
207265.10
2006.05
6253.48
6323.00
13065.00
565.85
2006.05
455097.12
815691.93
931.98
3562.68
1780
5122
-7.64
931.98
32676.37
124912.42
30.17
101.03
4054.00
11706.00
-14.40
30.17
5588.90
17028.60
Previous year
23.14
92.41
4146
11602
-25.85
23.14
2956.69
11809.24
Health (Total)
2036.22
6354.50
10377
24771
551.45
2036.22
460686.02
832720.53
955.11
3655.10
5926
16724
-33.49
955.11
35633.06
136721.66
Medical Insurance
Previous year
Crop Insurance
62
Previous year
Credit Guarantee
Previous year
962.13
4441.80
34960.00
72959.00
72.73
962.13
641422.77
3702372.18
1665.01
5487.01
26689
79912
570.37
1665.01
1307199.65
4307859.77
Grand Total
23384.73
77342.62
385484
1127729
1170.95
23384.73
9140752.33
37530733.91
17423.89
58599.39
349388
1054364
-1551.16
17423.89
6725784.92
32695674.14
Previous year

No. of Policies
in Rural Areas
Up to
the month
For the
month
Amount of Premium
Up to
the month
For the
month
For the
month
Up to
the month

in Social Sector
No. of
Lives covered *
Up to
the month
For the
month
19.07
58.56
540
1509.00
31.36
58.14
611
1159.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.09
5.13
2.00
36.00
0.35
2.16
2.00
14.00
752.76
2078.98
43985.00
110498.00
549.34
1706.33
29990.00
107323.00
800.69
2048.32
0.00
0.00
For the
month
Up to
the month
476.22
1421.97
0.00
0.00
1553.45
4127.30
43985
110498
0.00
0.00
1025.56
3128.30
29990
107323
0.00
0.00
33
187
38
96
17
46
28
80
1.81
10.54
50
235
0.00
0.00
2.60
7.04
66
177
0.00
0.00
78.76
169.39
1615
6516
3.05
6.88
61002
137746
64.33
189.88
1059
2238
3.08
16.97
95018
233755
882.17
2160.59
114
438
862.49
2129.87
26701
306750
941.89
1818.60
58
189
934.77
1806.48
532884
1103842
0.00
0.00
882.17
2160.59
114
438
862.49
2129.87
26701
306750
941.89
1818.60
58
189
934.77
1806.48
532884
1103842
124.07
1249.90
3511
8105.00
0.13
872.94
124
51410
160.98
1273.57
5350
11115.00
1.85
625.25
658
52495
2659.42
7781.41
49817
127337
865.67
3009.69
87827
495906
2227.07
6477.69
37136
122215
939.70
2448.70
628560
1390092
Amount of Premium
u/w in Rural Areas
63
Name of the Insurer: L&T General Insurance Company Limited
BUSINESS FIGURES:
Total No. of
Policies Issued
Total Premium u/w

LINE OF BUSINESS
Up to
the month
For the
month
Up to
the month
For the
month
Fire
227.84
1,321.32
342
Previous year
153.89
954.24
Marine Cargo
94.14
315.54
Previous year
41.56
208.04

Accretions during
the month (premium)
Sum Assured
Up to
the month
For the
month
Up to
the month
For the
month
1,050
73.94
367.08
339,035
2,715,879
162
552
70.64
476.20
230,176
4,138,322
401
1,007
52.58
107.50
254,333
1,672,038
271
798
(17.50)
46.75
159,973
1,191,956
Previous year
Marine (Total)
94.14
315.54
401
1,007
52.58
107.50
254,333
1,672,038
271
798
(17.50)
46.75
159,973
1,191,956
41.56
208.04
Aviation
Previous year
Engineering
266.22
409.96
252
579
96.54
102.56
102,453
321,678
Previous year
169.69
307.40
295
687
123.48
122.86
196,844
277,596
Motor Own Damage
786.30
2,149.54
9,542
26,466
284.16
632.85
54,031
146,003
Previous year
502.14
1,516.69
5,683
17,074
101.77
573.67
39,869
129,086
Motor Third party
329.35
907.79
195
63.05
(3.68)
Previous year
266.30
911.47
182
453
58.77
458.69
Motor (Total)
1,115.65
3,057.33
9,542
26,466
347.20
629.16
54,031
146,003
768.45
2,428.17
5,683
17,074
160.53
1,032.36
39,869
129,086
42.73
124.97
215
576
22.73
9.92
6,789
23,923
Previous year
20.00
115.05
213
668
(2.56)
54.15
3,379
22,681
Public Liability
Previous year
Product Liability
Previous year
4.58
32.86
13
58
(1.18)
5.48
1,784
1,784
Previous year
5.77
27.38
12
33
2.37
10.08
3,465
11,687
Liability (Total)
47.32
157.83
228
634
21.55
15.40
8,573
62,075
25.77
142.43
225
701
(0.19)
64.23
6,844
34,368
Personal Accident
7.82
195.76
333
1,150
3.94
(32.33)
10,525
904,183
Previous year
3.88
228.09
210
710
3.00
75.84
2,292
1,139,183
379.85
998.29
952
2,679
345.33
604.61
111,418
129,195
34.52
393.68
211
464
24.42
383.58
5,707
21,235
Medical Insurance
Previous year
Health (Total)
379.85
998.29
952
2,679
345.33
604.61
111,418
129,195
34.52
393.68
211
464
24.42
383.58
5,707
21,235
43.34
81.51
155
483
26.47
(39.33)
68,689
291,251
Previous year
16.87
120.84
120
331
9.14
(151.37)
98,255
277,554
Grand Total
2,182
6,538
12,205
34,048
968
1,755
949,056
6,242,302
1,215
4,783
7,177
21,317
374
2,050
739,959
7,209,299
Crop Insurance
Previous year
64
Previous year
Credit Guarantee
Previous year

No. of Policies
in Rural Areas
Up to
the month
For the
month
4.26
39.33
Amount of Premium
Up to
the month
For the
month
22

in Social Sector
Up to
the month
For the
month
82
No. of
Lives covered *
Up to
the month
For the
month
-
For the
month
-
-0.63
34.96
38
3.99
10.56
36
106
1.01
1.94
19
49
36
3.99
10.56
36
106
1.01
1.94
19
49
7.26
10.44
34
62
6.35
15.83
89.91
242.29
1,225
3,229
75.43
208.90
922
2,526
43.46
119.30
35.28
109.57
133.37
361.60
1,225
3,229
110.71
318.47
922
2,526
1.70
3.46
15
30
1.93
3.79
24
45
33
0.25
1.45
24
1.70
3.46
15
30
2.18
5.24
48
78
0.14
0.22
33
85
0.02
0.22
245
976.00
0.09
0.21
14
48
0.05
0.15
117
327.00
0.93
3.77
54
495.00
0.48
1.11
177
354.00
0.93
3.77
54
495.00
0.48
1.11
177
354.00
Up to
the month
765,734
789776
765,734
789776
0.30
1.50
22
0.24
1.42
12
151
427
1,373
3,616
299
1,471
765,734
789,776
120
378
1,013
2,751
294
681
Amount of Premium
u/w in Rural Areas
65
Name of the Insurer: Liberty Videocon General Insurance Company Limited
BUSINESS FIGURES:
Total Premium u/w
LINE OF BUSINESS
Fire
Up to
the month
For the
month
For the
month
Up to
the month
Sum Assured
For the
month
Up to
the month
46.04
157.24
76.00
203.00
0.00
0.00
198057.60
478979.85
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Marine Cargo
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Marine (Total)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Aviation
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Engineering
8.88
31.64
18.00
61.00
0.00
0.00
29251.75
55840.02
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
430.00
943.68
2538.00
5846.00
0.00
0.00
20666.21
45786.11
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
66.04
140.64
2583.00
5908.00
0.00
0.00
Previous year
Motor Third party
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
Motor (Total)
496.04
1084.32
2583
5908
0.00
0.00
20666.21
45786.11
0.00
0.00
0.00
0.00
0.00
0.00
6.74
9.26
16.00
28.00
0.00
0.00
1036.44
2036.84
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Public Liability
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Product Liability
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.09
1.87
2.00
10.00
0.00
0.00
51.00
861.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Liability (Total)
6.83
11.13
18
38
0.00
0.00
1087.44
2897.84
0.00
0.00
0.00
0.00
0.00
0.00
71.63
71.63
20.00
20.00
0.00
0.00
241844.89
241844.89
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Medical Insurance
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Health (Total)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Crop Insurance
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Credit Guarantee
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
11.77
41.83
54.00
200.00
0.00
0.00
163173.46
225300.50
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
641.19
1397.78
2769
6430
0.00
0.00
654081.34
1050649.21
0.00
0.00
0.00
0.00
0.00
0.00
Personal Accident
Up to
the month
Accretions during
the month (premium)
Previous year
Motor Own Damage
66
For the
month
Total No. of
Policies Issued

Previous year
Grand Total
For the
month
Up to
the month
No. of Policies
in Rural Areas
Amount of Premium
Up to
the month
For the
month
For the
month
Up to
the month

in Social Sector
No. of
Lives covered *
Up to
the month
For the
month
For the
month
Up to
the month
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.46
0.00
4.00
4.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.10
0.00
4.00
4.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.56
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.56
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Amount of Premium
u/w in Rural Areas
67
Name of the Insurer: Magma HDI General Insurance Company Limited
BUSINESS FIGURES:
Total Premium u/w
LINE OF BUSINESS
Fire
103.22
Up to
the month
For the
month
88.00
119.00
For the
month
13.12
Up to
the month
103.98
Sum Assured
For the
month
15945.59
Up to
the month
312934.29
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Marine Cargo
2.49
33.95
12.00
22.00
2.49
33.94
3159.62
50947.11
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Marine (Total)
2.49
33.95
12
22
2.49
33.94
3159.62
50947.11
0.00
0.00
0.00
0.00
0.00
0.00
Aviation
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Engineering
8.14
17.95
23.00
48.00
7.77
17.58
1983.96
7572.04
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1484.45
3658.96
18679.00
46665.00
1506.65
3748.90
155068.33
379359.24
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1353.25
3290.72
21492.00
50830.00
1371.46
3345.21
Previous year
Motor Third party
13.01
Up to
the month
Accretions during
the month (premium)
Previous year
Motor Own Damage
68
For the
month
Total No. of
Policies Issued
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
Motor (Total)
2837.70
6949.68
21492
50830
2878.10
7094.11
155068.33
379359.24
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Public Liability
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Product Liability
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Liability (Total)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Personal Accident
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Medical Insurance
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Health (Total)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Crop Insurance
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Credit Guarantee
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1.56
3.96
81.00
92.00
1.56
3.96
5679.37
12435.25
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2862.89
7108.75
21696
51111
2903.04
7253.56
181836.87
763247.93
0.00
0.00
0.00
0.00
0.00
0.00
Grand Total
For the
month
Up to
the month
No. of Policies
in Rural Areas
Amount of Premium
Up to
the month
For the
month
For the
month
Up to
the month

in Social Sector
No. of
Lives covered *
Up to
the month
For the
month
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1764.97
4351.17
12010.00
30057.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
For the
month
Up to
the month
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1764.97
4351.17
12010
30057
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1764.97
4351.17
12010
30057
0.00
0.00
0.00
0.00
0.00
0.00
Amount of Premium
u/w in Rural Areas
69
Name of the Insurer: National Insurance Company Limited
BUSINESS FIGURES:
Total Premium u/w
LINE OF BUSINESS
For the
month
Up to
the month
Total No. of
Policies Issued
Accretions during
the month (premium)
Up to
the month
For the
month
For the
month
Up to
the month
Sum Assured
Up to
the month
For the
month
Fire
9674.90
27312.01
44558
143079
1563.70
2662.73
100911127
413357677
Previous year
8111.20
24649.28
44427
144504
669.82
5398.12
82015164
281177378
Marine Cargo
1758.45
5819.66
12128
37242
218.48
164.71
10259677
28331742
Previous year
1539.97
5654.95
8667
27865
135.91
755.68
5696843
24772787

3818.29
5078.37
171
610
-238.28
177.47
24265313
25331152
Previous year
4056.57
4900.90
193
661
675.62
688.19
11760647
12429031
Marine (Total)
5576.74
10898.04
12299
37852
-19.80
342.19
34524989
53662894
5596.54
10555.85
8860
28526
811.53
1443.87
17457490
37201817
Aviation
879.37
2420.91
27
207.95
339.14
445375
4389794
Previous year
671.42
2081.77
44
91.99
921.67
25687
3364762
Engineering
2151.05
7585.24
2615
9013
-164.77
180.86
14844220
20600242
Previous year
2315.82
7404.38
2696
8566
378.23
964.36
2159792
8107409
Motor Own Damage
18642.00
56718.18
415490
1355907
2472.28
8190.24
947856
2401222
Previous year
16169.72
48527.94
417390
1273111
1238.65
3261.05
757134
2051771
Motor Third party
22516.09
68566.00
613476
2010144
3802.58
12792.24
946048
2396362
Previous year
18713.51
55773.76
816100
2096125
2425.01
8506.17
2861133
4656003
Motor (Total)
41158.09
125284.18
613476
2010144
6274.86
20982.48
1893904
4797584
34883.23
104301.70
816100
2096125
3663.66
11767.22
3618266
6707774
542.63
1872.76
4260
14298
-39.44
-39.40
54023
198997
Previous year
582.07
1912.16
4599
14137
86.88
178.82
81339
300563
Public Liability
4.78
28.20
78
337
0.35
-0.99
100
17100
Previous year
4.43
29.19
117
384
-0.48
2.21
1010
9310
101.10
244.86
11
49
88.86
117.85
15075
98622
Product Liability
Previous year
12.24
127.01
11
45
1.37
29.80
9747
66340
248.97
613.26
691
2344
12.84
-153.27
188757
495162
Previous year
236.13
766.53
587
2058
46.49
194.32
178812
629925
Liability (Total)
897.48
2759.09
5040
17028
62.61
-75.81
257955
809880
834.87
2834.90
5314
16624
134.26
405.17
270909
1006139
Personal Accident
851.05
3359.34
27838
85822
-119.99
146.86
2457492
16653599
Previous year
971.04
3212.48
28154
85684
31.79
131.85
2747258
12780014
Medical Insurance
14767.23
54318.87
110590
346352
-3126.81
-1386.24
10937696
13142028
Previous year
17894.04
55705.11
110111
331377
3522.13
5166.99
8105967
12218580
238.86
808.75
1927
6522
37.07
-104.60
1039
2544
Previous year
201.79
913.35
1849
7147
133.89
671.51
10
265
Health (Total)
15006.09
55127.62
112517
352874
-3089.74
-1490.84
10938735
13144571
18095.83
56618.46
111960
338524
3656.02
5838.49
8105977
12218845
Credit Guarantee
0.00
4.25
0.00
4.25
Previous year
0.00
0.00
0.00
0.00
3173.23
11888.32
63359
197391
-464.82
-614.86
13423995
65225558
Previous year
71375
219453
19.98
704.48
11944816
47523748
Crop Insurance
70
Previous year
3638.05
12503.18
Grand Total
79368.00
246639.00
881706
2853230
4250.00
22477.00
179697792
592641799
75118.00
224162.00
1088891
2938050
9457.28
27575.23
128345359
410087886
For the
month
Up to
the month
No. of Policies
in Rural Areas
Amount of Premium
Up to
the month
For the
month
372.21
1841.05
6269
18416
307.13
1640.85
5733
99.86
272.40
527
64.41
262.84
10.70
14.37
For the
month
Up to
the month

in Social Sector
No. of
Lives covered *
Up to
the month
For the
month
For the
month
Up to
the month
448.19
2100.73
18023
316.78
2195.33
1598
117.18
321.31
319
1055
83.80
392.51
34.37
52
149
21.98
78.62
48.59
61
179
49.32
77.63
110.56
306.78
579
1747
139.16
399.93
78.77
311.43
380
1234
133.12
470.14
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
43.40
724.72
343
1191
172.30
1297.51
63.23
896.65
262
982
152.96
1397.49
1344.01
4236.62
80350
256650
796.48
2476.74
1227.43
3662.64
72804
219463
696.17
2237.71
2255.10
6907.48
117532
378834
1146.16
3508.65
1827.16
5514.66
144367
365042
916.11
2866.65
3599.12
11144.10
117532
378834
1942.64
5985.39
3054.60
9177.30
144367
365042
1612.28
5104.36
67.40
224.65
729
2387
52.58
188.49
71.76
211.67
759
2292
38.91
203.38
0.01
0.44
12
0.08
0.87
0.61
1.08
12
20
0.26
1.52
11.64
11.81
1.32
2.88
5.82
5.82
0.00
12.92
1.52
7.48
44
220
36.99
45.07
1.31
7.28
99
24.77
72.07
80.57
244.38
777
2623
90.97
237.31
79.50
225.85
781
2412
63.95
289.90
40.18
121.90
4273
11669
51.90
224.23
42267
79601
176101
556342
40.51
142.69
3850
10802
65.30
283.63
18929
58110
192871
562546
765.49
3795.60
8310
24861
1430.39
4983.81
345734
952483
619810
1461509
249.50
2028.20
8291
24639
4767.01
7311.71
615678
932907
919464
1519975
0.61
5.13
16
116
6.25
21.69
108
495
1965
6630
1.44
4.53
19
157
4.46
20.28
158
702
1886
7322
766.10
3800.72
8326
24977
1436.64
5005.50
345842
952978
621775
1468139
250.94
2032.72
8310
24796
4771.46
7332.00
615836
933609
921350
1527297
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
364.16
1192.54
14854
43202
238.97
950.69
10376
64636
32242
152962
399.47
1197.44
16464
49231
229.30
688.03
4752
9099
28302
162227
5376.30
19376.19
152953
482659
4520.77
16201.29
398485
1097215
830118
2177443
4274.15
15624.93
180147
472522
7345.15
17760.88
639517
1000818
1142523
2252070
Amount of Premium
u/w in Rural Areas
71
Name of the Insurer: Raheja QBE General Insurance Company Limited
BUSINESS FIGURES:
Total Premium u/w
LINE OF BUSINESS
Up to
the month
For the
month
Up to
the month
For the
month
For the
month
Up to
the month
Sum Assured
Up to
the month
For the
month
1.93
7.38
11
1.93
7.38
2699.53
8432.48
Previous year
3.00
3.10
3.00
3.10
4269.89
4498.03
Marine Cargo
0.40
0.07
0.40
0.07
70.31
70.31
Previous year
0.00
0.07
0.00
0.71
0.00
526.88

0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
Marine (Total)
0.40
0.07
0.40
0.07
70.31
70.31
0.00
0.07
0.00
0.71
0.00
526.88
Aviation
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
Engineering
6.23
12.32
6.23
12.32
-87.08
4.54
Previous year
2.12
3.44
2.12
3.44
0.00
1434.56
Motor Own Damage
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.13
0.00
0.13
0.00
12.53
Motor Third party
3.61
24.48
63
546
3.61
24.48
0.00
0.00
Previous year
0.77
0.79
34
34
0.77
0.79
0.00
0.00
Motor (Total)
3.61
24.48
63
546
3.61
24.48
0.00
0.00
0.77
0.92
34
34
0.77
0.92
0.00
12.53
0.01
9.19
0.01
9.19
-1701.25
1326.11
Previous year
2.72
3.08
2.72
3.08
254.57
506.17
Public Liability
3.05
9.50
13
3.05
9.50
2829.95
7069.95
Previous year
2.79
8.46
2.79
8.46
2726.20
4276.20
0.00
0.00
0.00
Previous year
0.00
0.00
150.52
495.56
45
126
150.52
495.56
47176.22
126703.45
Previous year
45.83
277.51
22
69
45.83
277.51
22034.33
116408.87
Liability (Total)
153.58
514.25
48
144
153.58
514.25
48304.92
135099.51
51.34
289.05
28
81
51.34
289.05
25015.10
121191.24
Personal Accident
1.29
10.44
14
1.29
10.44
4041.00
52434.52
Previous year
7.60
7.53
7.60
7.53
30704.60
28901.12
Medical Insurance
0.27
0.27
0.27
0.27
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
Health (Total)
0.27
0.27
0.27
0.27
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Crop Insurance
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
Credit Guarantee
0.00
12.97
0.00
12.97
972
Previous year
0.00
0.00
0.00
0.00
39.69
13
0.72
39.69
827
17234
36.85
74.40
15082
18005
Accretions during
the month (premium)
Fire
Product Liability
72
Total No. of
Policies Issued

Previous year
0.00
37
74.40
Grand Total
168.03
621.87
130
735
168.03
621.87
55856.01
214247.29
101.68
378.51
76
145
101.68
379.15
75071.35
174569.17

No. of Policies
in Rural Areas
Up to
the month
For the
month
Amount of Premium
Up to
the month
For the
month

in Social Sector
Up to
the month
For the
month
No. of
Lives covered *
Up to
the month
For the
month
1.73
6.85
2.00
4.00
0.00
0.00
0.00
0.00
1.30
1.30
2.00
2.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.20
0.00
1.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.20
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
4.56
9.46
0.00
0.00
0.00
0.00
0.00
0.00
0.36
1.68
0.00
3.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.51
11.14
5.00
45.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.51
11.14
45
0.00
0.00
0.00
0.00
0.00
0.00
0
0
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0
0
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.11
0.00
0.00
0.11
2.36
-6
0.29
2.77
1119.00
15849.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.39
0.52
0.00
0.00
0.00
2.83
0.00
0.00
7.30
30.33
52
0.29
2.77
1119
15849
1.66
6.12
11
0.00
0.00
For the
month
Up to
the month
Amount of Premium
u/w in Rural Areas
73
Name of the Insurer: Reliance General Insurance Company Limited
BUSINESS FIGURES:
Total Premium u/w
LINE OF BUSINESS
1024.35
Previous year
1405.97
7125.29
Marine Cargo
140.52
1503.82
Previous year
216.94
1277.14
8722.34
For the
month
3278.00
Accretions during
the month (premium)
Up to
the month
For the
month
Up to
the month
Sum Assured
For the
month
Up to
the month
10511.00
-381.63
1597.04
1567093.44
16673327.00
3231.00
9761.00
792.06
2635.91
2018597.27
17066624.14
1257.00
4602.00
-76.42
226.68
525984.37
5266276.27
3810.00
8555.00
-468.53
-811.16
479891.41
4301715.99
0.00
0.75
0.00
1.00
-20.79
-30.95
0.00
150.00
Previous year
20.79
31.70
3.00
3.00
4.17
5.11
750.00
750.00
Marine (Total)
140.52
1504.57
1257
4603
-97.22
195.73
525984.37
5266426.27
237.73
1308.84
3813
8558
-464.36
-806.05
480641.41
4302465.99
Aviation
38.70
77.53
0.00
9.00
-3.34
-58.82
0.00
6300.00
Previous year
42.04
136.36
1.00
17.00
41.57
82.10
125.00
13246.68
Engineering
567.32
2503.64
316.00
1083.00
37.60
-1054.67
345377.16
731489.43
Previous year
529.72
3558.32
384.00
1083.00
175.31
324.92
103151.28
890035.09
Motor Own Damage
6317.52
19828.65
147866.00
508436.00
238.93
2422.20
393888.47
1212145.50
Previous year
6078.59
17406.45
133315.00
377475.00
-535.30
-2620.40
409836.19
1148389.21
Motor Third party
510.80
2326.06
5376.94
15804.38
170329.00
590392.00
Previous year
4866.14
13478.32
142213.00
396322.00
696.41
2350.76
Motor (Total)
11694.46
35633.03
170329
590392
749.73
4748.26
393888.47
1212145.50
10944.73
30884.77
142213
396322
161.12
-269.64
409836.19
1148389.21
56.76
194.67
267.00
779.00
-2.57
-14.68
9751.91
27103.08
Previous year
59.32
209.35
254.00
717.00
13.85
13.41
7554.51
37615.67
Public Liability
9.98
64.77
49.00
211.00
4.57
-7.47
12112.75
68687.63
Previous year
5.41
72.24
51.00
213.00
-6.17
19.52
3941.84
53424.75
Product Liability
4.54
21.88
1.00
4.00
2.68
17.96
2500.00
3975.00
Previous year
1.86
3.91
3.00
5.00
-1.03
-2.28
530.00
1680.00
1287.64
1444.29
721.00
1900.00
-317.84
-575.37
484183.00
542430.00
Previous year
1605.47
2019.66
666.00
1727.00
911.53
1213.84
540437.84
603987.10
Liability (Total)
1358.92
1725.61
1038
2894
-313.15
-579.55
508547.66
642195.70
1672.07
2305.16
974
2662
918.18
1244.48
552464.19
696707.52
Personal Accident
93.29
753.33
4048.00
8006.00
-11.24
-245.20
196200.20
1396611.70
104.52
998.52
1224.00
3850.00
-156.72
-34.21
216993.80
1838996.61
Medical Insurance
4037.88
15896.53
31609.00
90753.00
2662.30
8914.46
8585036.93
24159326.18
Previous year
1375.58
6982.07
7862.00
24483.00
-220.39
117.77
69459.06
440820.94
349.60
1027.67
66099.00
200841.00
-18.74
-35.15
2371001.95
6997694.43
Previous year
368.34
1062.82
67974.00
198809.00
2.70
23.73
2660150.92
8184013.86
Health (Total)
4387.48
16924.20
97708
291594
2643.56
8879.31 10956038.88
31157020.61
1743.92
8044.88
75836
223292
-217.69
141.49
2729609.98
0.00
0.00
0.00
0.00
1.82
1.82
0.00
0.00
-1.82
-1.82
-1.00
-1.00
-1.82
-1.82
-19.60
-19.60
Credit Guarantee
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1021.38
2046.75
4042.00
12944.00
490.96
401.99
349723.01
2328897.48
530.42
1644.76
4599.00
13737.00
200.77
203.63
396226.28
1407085.62
Previous year
Crop Insurance
Up to
the month
Fire

74
For the
month
Total No. of
Policies Issued
Previous year

Previous year
8624834.80
Grand Total
20326.40
69891.00
282016
922036
3117.11
13885.92
14842853.17
59414413.70
17209.30
56005.08
232274
659281
1448.40
3520.81
6907625.81
35988366.05
For the
month
Up to
the month
No. of Policies
in Rural Areas
Amount of Premium
Up to
the month
For the
month
For the
month
Up to
the month

in Social Sector
No. of
Lives covered *
Up to
the month
For the
month
For the
month
Up to
the month
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
53.14
72.33
34.00
89.00
0.00
0.00
0.00
0.00
7.00
103.97
18.00
98.00
0.00
0.00
0.00
0.00
662.13
2045.44
16412.00
49775.00
0.00
0.00
0.00
0.00
635.05
1811.69
12914.00
37210.00
0.00
0.00
0.00
0.00
637.66
1830.19
3951.00
11812.00
0.00
0.00
0.00
0.00
509.34
1469.21
562.00
1292.00
0.00
0.00
0.00
0.00
1299.79
3875.63
16412
49775
0.00
0.00
1144.38
3280.90
12914
37210
0.00
0.00
4.28
22.00
29.00
64.00
0.00
0.00
0.00
0.00
5.20
13.41
23.00
64.00
0.00
0.00
0.00
0.00
0.80
1.59
3.00
13.00
0.00
0.00
0.00
0.00
0.60
3.70
6.00
34.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.84
7.65
40.00
122.00
0.00
0.00
0.00
0.00
0.32
24.20
27.00
94.00
0.00
0.00
0.00
0.00
5.91
31.24
72
199
0.00
0.00
6.13
41.31
56
192
0.00
0.00
6.60
90.10
723.00
1026.00
0.00
0.00
0.00
0.00
6.86
72.74
107.00
338.00
0.00
0.00
0.00
0.00
179.58
1060.95
272.00
773.00
0.00
0.00
0.00
0.00
583504
1966465
268.56
1287.88
264.00
757.00
0.00
0.00
0.00
0.00
211413
2209431
14.34
39.60
5188.00
14407.00
0.00
0.00
0.00
0.00
5078
13632
24.94
87.52
3640.00
12999.00
0.00
0.00
0.00
0.00
10512
29499
193.92
1100.55
5460
15180
0.00
0.00
588582
1980097
293.51
1375.40
3904
13756
0.00
0.00
221925
2238930
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
-1.82
-1.82
-1.00
-1.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
22.49
57.60
659.00
1848.00
20.14
49.49
1249.00
6774.00
16.58
51.09
732.00
2185.00
12.87
33.64
709.00
1937.00
1581.86
5227.46
23360
68117
20.14
49.49
1249
6774
588582
1980097
1472.64
4923.59
17730
53778
12.87
33.64
709
1937
221925
2238930
Amount of Premium
u/w in Rural Areas
75
Name of the Insurer: Royal Sundaram Alliance Insurance Company Limited
BUSINESS FIGURES:
Total Premium u/w
LINE OF BUSINESS
Fire
For the
month
Up to
the month
291.35
2681.98
Previous year
3036.62
4775.32
Marine Cargo
281.88
914.75
Previous year
125.86
959.09

Total No. of
Policies Issued
For the
month
3190.00
Accretions during
the month (premium)
Up to
the month
For the
month
Up to
the month
Sum Assured
For the
month
1245203.83
Up to
the month
9589.00
-2745.27
-2093.34
4780597.92
2576.00
6703.00
2741.94
3063.30
349466.46
3399350.32
3933.00
12257.00
156.02
-44.34
752053.02
2366396.24
1860.00
7079.00
20.92
293.84
186525.19
2328044.98
16206.09
46.82
48.19
0.00
1.00
46.82
48.19
14757.77
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Marine (Total)
328.70
962.94
3933
12258
202.84
3.84
766810.79
2382602.33
125.86
959.09
1860
7079
20.92
293.84
186525.19
2328044.98
Aviation
0.00
Previous year
0.00
Engineering
292.00
994.52
105.00
352.00
175.74
214.38
246945.24
498997.74
Previous year
116.25
780.14
74.00
271.00
-154.34
-244.21
25623.34
224024.05
Motor Own Damage
5817.16
18974.42
76393.00
241382.00
-181.47
821.03
283739.53
895012.02
Previous year
5998.62
18153.39
77168.00
229468.00
190.83
1227.57
279278.37
839332.39
Motor Third party
2586.69
7546.87
1474.00
4441.00
462.38
1629.70
Previous year
2124.31
5917.17
656.00
2225.00
0.47
503.52
Motor (Total)
8403.85
26521.29
76393
241382
280.92
2450.73
283739.53
895012.02
8122.93
24070.56
77168
229468
191.30
1731.08
279278.37
839332.39
39.76
120.98
99.00
310.00
18.92
42.84
9077.61
21131.43
Previous year
20.84
78.14
43.00
154.00
-8.75
-1.20
1582.16
11194.57
Public Liability
28.35
147.78
32.00
129.00
-18.36
-38.34
46233.54
93796.65
Previous year
46.72
186.12
33.00
111.00
4.27
70.09
9367.53
49163.06
Product Liability
6.75
23.28
4.00
11.00
4.04
17.12
1837.70
7264.35
Previous year
2.71
6.16
2.00
4.00
-3.98
-9.20
1370.01
3514.21
122192.42

Previous year
Liability (Total)
74.86
292.04
135
450
4.60
21.62
57148.85
70.26
270.42
78
269
-8.46
59.70
12319.71
63871.84
Personal Accident
364.66
1197.15
12070.00
34304.00
-421.61
-322.29
363831.96
6155244.54
Previous year
626.60
2048387.95
6156119.62
786.27
1519.43
13704.00
36665.00
528.93
Medical Insurance
1883.10
6525.41
19657.00
62415.00
-1820.12
46.98
264662.12
879947.22
Previous year
3703.22
6478.43
21175.00
56210.00
2278.33
-1267.68
420680.83
2415128.82
Health (Total)
1883.10
6525.41
19657
62415
-1820.12
46.98
264662.12
879947.22
3703.22
6478.43
21175
56210
2278.33
-1267.68
420680.83
2415128.82

Previous year
Crop Insurance
76
Previous year
Credit Guarantee
Previous year
111.92
443.05
1540.00
4963.00
-10.86
-114.12
106406.35
601011.17
Previous year
122.77
557.18
932.00
3012.00
-915.61
-624.93
20439.60
339737.52
Grand Total
11750.43
39618.38
117023
365713
-4333.76
207.82
3334748.67
16315605.38
16084.19
39410.57
117567
339677
4683.01
3637.72
3342721.44
15765609.55
For the
month
Up to
the month
No. of Policies
in Rural Areas
Amount of Premium
Up to
the month
For the
month
For the
month
Up to
the month

in Social Sector
No. of
Lives covered *
Up to
the month
For the
month
For the
month
Up to
the month
973848.00
14.16
20.26
515.00
705.00
4.92
10.07
243.00
368.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.13
0.48
1.00
3.00
1445.22
1919.33
11102.00
14870.00
611.60
1376.75
6505.00
14126.00
1445.22
1919.33
11102
14870
0.00
0.00
611.60
1376.75
6505
14126
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
23.65
59.17
3003.00
8790.00
0.02
0.30
53.00
407.00
14.55
69.95
5010.00
12170.00
0.05
0.07
143.00
206.00
681.20
2495.62
3799.00
10110.00
531.92
2226.08
140893.00
946497.00
325879.00
60.93
613.37
5619.00
11455.00
0.05
311.13
34.00
257219.00
350773.50 1041403.00
681.20
2495.62
3799
10110
531.92
2226.08
140893
946497
325879
973848
60.93
613.37
5619
11455
0.05
311.13
34
257219
350774
1041403
394.31
933.18
5442.00
12820.00
0.00
0.00
0.00
0.00
490.62
1205.78
7003.00
16619.00
0.00
0.00
0.00
0.00
2558.54
5427.56
23861
47295
531.94
2226.39
140946
946904
325879
973848
1182.76
3276.41
24381
54741
0.10
311.20
177
257425
350774
1041403
Amount of Premium
u/w in Rural Areas
77
Name of the Insurer: SBI General Insurance Company Limited
BUSINESS FIGURES:
Total Premium u/w
LINE OF BUSINESS
For the
month
Up to
the month
For the
month
Up to
the month
Sum Assured
For the
month
Up to
the month
12253206.60
3218.30
11352.02
26404.00
72928.00
1409.83
4945.48
2239370.18
Previous year
1808.47
6406.54
21871.00
58932.00
988.51
3899.68
1375476.05
6813672.71
Marine Cargo
45.57
337.61
173.00
570.00
61.25
173.50
183731.40
1409154.95
Previous year
-15.68
164.11
67.00
235.00
-15.40
142.87
-108874.60
382505.03

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Marine (Total)
45.57
337.61
173
570
61.25
173.50
183731.40
1409154.95
-15.68
164.11
67
235
-15.40
142.87
-108874.60
382505.03
Aviation
18.24
61.71
1.00
8.00
18.24
-552.56
0.00
51627.64
0.00
614.27
20.00
45.00
-12.80
134.85
0.00
51627.64
Engineering
193.16
539.46
277.00
779.00
51.06
-49.50
148698.62
346750.06
Previous year
142.10
588.96
137.00
401.00
106.75
394.43
114391.17
376398.36
Previous year
Motor Own Damage
1895.09
5463.84
32151.00
87518.00
1053.30
3321.55
416464.02
1304988.64
841.79
2142.29
14727.00
36748.00
807.34
2091.03
60517.54
148603.16
1532.54
4352.93
235.00
478.00
1038.79
3066.72
Previous year
493.75
1286.21
45.00
121.00
487.70
1277.67
Motor (Total)
3427.63
9816.77
32151
87518
2092.09
6388.27
416464.02
1304988.64
1335.54
3428.50
14727
36748
1295.04
3368.70
60517.54
148603.16
20.16
42.84
4535.34
10425.67
Previous year
Motor Third party
28.27
61.03
36.00
135.00
Previous year
8.11
18.19
12.00
31.00
8.11
18.19
664.37
1916.71
Public Liability
0.00
1.59
0.00
4.00
0.00
1.46
0.00
3326.18
Previous year
0.00
0.13
0.00
1.00
0.00
0.13
0.00
1200.00
Product Liability
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2.13
36.34
22.00
54.00
0.92
29.66
611.78
10645.16
Previous year
1.21
6.68
3.00
22.00
1.21
6.68
240.00
17498.50
Liability (Total)
30.40
98.96
58
193
21.08
73.96
5147.12
24397.01
9.32
25.00
15
54
9.32
25.00
904.37
20615.21

Personal Accident
1339.14
3512.92
201.00
650.00
1107.15
3189.53
5479996.56
15198485.67
Previous year
231.99
323.39
9.00
39.00
220.26
300.37
925002.92
1313443.16
Medical Insurance
105.05
240.98
410
1115
73.33
41.88
3073.38
14070.39
31.72
199.10
166.00
340.00
17.10
53.78
866.00
6380.80
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Health (Total)
105.05
240.98
410
1115
73.33
41.88
3073.38
14070.39
31.72
199.10
166
340
17.10
53.78
866.00
6380.80
Crop Insurance
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Credit Guarantee
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
212.34
1129.07
25427.00
75321.00
89.32
253.78
1132237.38
17401102.25
Previous year
123.02
875.29
7451.00
18882.00
103.61
702.31
87377.11
13612458.05
Previous year
Up to
the month
Accretions during
the month (premium)
Fire
78
For the
month
Total No. of
Policies Issued
Grand Total
8589.83
27089.50
85102
239082
4923.35
14464.34
9608718.66
48003783.20
3666.48
12625.16
44463
115676
2712.39
9021.98
2455660.56
22725704.12
For the
month
Up to
the month
No. of Policies
in Rural Areas
Amount of Premium
Up to
the month
For the
month
For the
month
0.00
Up to
the month
0.00

in Social Sector
No. of
Lives covered *
Up to
the month
For the
month
904.17
2685.16
11034.00
30733.00
0.00
644.88
1749.78
8737.00
25017.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
61.92
123.81
102.00
279.00
0.00
0.00
0.00
0.00
44.25
97.21
39.00
110.00
0.00
0.00
0.00
0.00
709.42
2050.24
13429.00
35921.00
0.00
0.00
0.00
0.00
155.01
600.11
2672.00
12104.00
0.00
0.00
0.00
0.00
624.93
1798.40
40.00
117.00
0.00
0.00
0.00
0.00
For the
month
Up to
the month
0.00
73.14
464.71
0.00
0.00
0.00
0.00
0.00
0.00
1334.35
3848.64
13429
35921
0.00
0.00
228.15
1064.82
2672
12104
0.00
0.00
2.14
6.73
8.00
24.00
0.00
0.00
0.00
0.00
0.50
7.36
3.00
8.00
0.00
0.00
0.00
0.00
0.00
0.59
0.00
2.00
0.00
0.00
0.00
0.00
0.00
0.13
0.00
1.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.66
1.52
4.00
7.00
0.00
0.00
0.00
0.00
0.00
0.74
0.00
2.00
0.00
0.00
0.00
0.00
2.80
8.84
12
33
0.00
0.00
0.50
8.23
11
0.00
0.00
0.00
1.94
0.00
1.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
5.16
12.20
8.00
323.00
0.00
0.00
0.00
0.00
4005.00
8761.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
461.00
2393.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
5.16
12.20
323
0.00
0.00
4005
8761
0.00
0.00
0.00
0.00
461
2393
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
25.90
76.25
902.00
2142.00
0.00
0.00
0.00
0.00
38.97
87.13
4062.00
7448.00
0.00
0.00
0.00
0.00
2334.30
6756.84
25487
69432
0.00
0.00
4005
8761
956.75
3007.17
15513
44690
0.00
0.00
461
2393
Amount of Premium
u/w in Rural Areas
79
Name of the Insurer: Shriram General Insurance Company Limited
BUSINESS FIGURES:
Total Premium u/w
LINE OF BUSINESS
Accretions during
the month (premium)
Up to
the month
For the
month
92.82
229.25
587
Previous year
45.70
160.12
210
Marine Cargo
1.07
27.69
53
Previous year
23.39
35.28
148

0.00
0.00
Previous year
0.00
0.00
Marine (Total)
1.07
1222
For the
month
Up to
the month
Sum Assured
For the
month
Up to
the month
47.12
69.13
89683.37
333460.70
502
1.17
-25.20
124379.00
320715.56
158
-22.32
-7.59
1364.61
43658.39
327
4.32
13.00
255034.34
279958.64
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
27.69
53
158
-22.32
-7.59
1364.61
43658.39
23.39
35.28
148
327
4.32
13.00
255034.34
279958.64
Aviation
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
Engineering
56.52
141.59
162
345
28.77
54.44
64525.84
103715.89
Previous year
3.04
20.27
7590.96
56044.24
27.75
87.16
52
121
Motor Own Damage
4423.30
12295.03
116759
327679
98.96
-370.09
464523.09
1239760.11
Previous year
4324.35
12665.12
122624
370963
861.17
2273.03
405455.22
1212332.25
Motor Third party
8263.30
23467.91
123478
337476
1451.05
3690.11
Previous year
6812.26
19777.80
123189
372469
1931.37
7259.78
Motor (Total)
12686.61
35762.94
123478
337476
1550.00
3320.01
464523.09
1239760.11
11136.60
32442.92
123189
372469
2792.54
9532.80
405455.22
1212332.25
17.43
168.79
533.16
12.12
28.20
71
214
5.21
Previous year
6.91
10.78
21
64
-0.21
0.48
105.40
169.18
Public Liability
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
Product Liability
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.35
14.00
40
0.34
4.98
110.00
10651.00
Previous year
0.01
9.02
24
-0.02
1.03
20.00
10436.00
Liability (Total)
12.47
42.20
77
254
5.55
22.40
278.79
11184.16
6.92
19.80
22
88
-0.23
1.51
125.40
10605.18
11.97
58.88
1094
2244
4.96
33.59
8873.46
58360.55
Previous year
7.01
25.29
613
2387
-0.29
3.18
4844.26
17907.57
Medical Insurance
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
Health (Total)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Crop Insurance
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
Credit Guarantee
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
13.76
139.05
407
1104
10.59
114.88
19365.66
48725.34

Personal Accident
Up to
the month
Fire
80
For the
month
Total No. of
Policies Issued

Previous year
3.17
24.16
1984
2242
-0.14
4.13
3371.66
27461.14
Grand Total
12875
36402
125858
342803
1625
3607
648615
1838865
11251
32795
126218
378136
2800
9550
800801
1925025
For the
month
Up to
the month
No. of Policies
in Rural Areas
Amount of Premium
Up to
the month
For the
month

in Social Sector
Up to
the month
For the
month
No. of
Lives covered *
Up to
the month
For the
month
For the
month
Up to
the month
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
291.28
852.67
7967
22633
0.00
0.00
256.76
797.50
8015
26000
0.00
0.00
483.05
1457.16
8248
23039
0.00
0.00
337.46
1050.09
8048
26092
0.00
0.00
774.34
2309.83
8248
23039
0.00
0.00
594.22
1847.59
8048
26092
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.70
0.70
5022
5022
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
774
2310
8248
23039
5022
5022
594
1848
8048
26092
Amount of Premium
u/w in Rural Areas
81
Name of the Insurer: TATA AIG General Insurance Company Limited
BUSINESS FIGURES:
Total No. of
Policies Issued
Total Premium u/w

LINE OF BUSINESS
Fire
1,981
13,747
Previous year
1,990
Marine Cargo
1,499
Previous year
Up to
the month
For the
month
Sum Assured
Up to
the month
For the
month
Up to
the month
For the
month
10,717
30,424
10,331
5,848
15,501
6,545
2,256
8,293
1,741
6,403
4,308
11,476

Previous year
Marine (Total)
1,499
6,545
2,256
8,293
522,077
1,794,266
1,741
6,403
4,308
11,476
1,428,963
2,407,670
Aviation
22
Previous year
Engineering
272
3,236
110
276
Previous year
156
2,628
104
291
20,964,532
73,099,611
40,857,625
11,273,214
522,077
1,794,266
1,428,963
2,407,670
4,917,585
9,564,036
890,148
5,533,182
367,192
1,119,282
336,769
920,279
Motor Own Damage
5,884
17,635
110,675
369,105
Previous year
5,690
16,939
150,083
410,859
Motor Third party
2,966
9,216
110,675
369,105
Previous year
2,070
5,502
150,083
410,859
Motor (Total)
8,851
26,851
110,675
369,105
367,192
1,119,282
336,769
920,279
118,633
395,600
40,046
264,020
137,097
841,264
233,001
2,379,410
31,982
115,169
7,760
22,441
150,083
410,859
139
569
53
164
Previous year
148
533
25
103
Public Liability
178
878
57
174
Previous year
216
878
41
180
Product Liability
107
205
13
26
Previous year
107
206
23
852
3,529
744
2,410
Previous year
54,620
357,098
442,118
1,853,009
624
3,102
700
2,128
327,547
1,387,704
Liability (Total)
1,276
5,181
867
2,774
729,831
3,205,042
1,095
4,719
775
2,434
655,214
4,388,232
Personal Accident
1,096
3,569
16,518
36,598
10,768,621
32,034,501
Previous year
1,053
3,627
3,038
8,666
7,984,753
24,727,671
Medical Insurance
1,091
4,855
31,239
89,524
357,894
917,274
489
2,236
373
1,158
46,688
227,058
1,239
3,742
24,857
73,101
8,232,402
23,995,945
Previous year
1,021
2,468
48,164
135,206
15,036,019
43,389,094
Health (Total)
2,330
8,597
56,096
162,625
8,590,296
24,913,219
1,509
4,704
48,537
136,364
15,082,708
43,616,151
Crop Insurance
Previous year
Credit Guarantee
Previous year
Previous year
82
Up to
the month
For the
month
Accretions during
the month (premium)
284
764
2,333
9,823
53,691
719,260
Previous year
790
1,467
6,620
20,449
56,555
87,590
Grand Total
17,589
68,511
199,572
619,918
46,913,826
146,449,217
16,095
56,319
219,313
606,040
37,708,323
122,538,401

No. of Policies
in Rural Areas
Up to
the month
For the
month
884
1,289
Amount of Premium
Up to
the month
For the
month
Up to
the month
For the
month
1,627
4,460
748
994
604
1,719
303
1,013
163
369
397
1,019
221
490

in Social Sector
Up to
the month
For the
month
-
Up to
the month
For the
month
-
No. of
Lives covered *
303
1,013
163
369
397
1,019
221
490
29
45
15
40
13
24
14
1,616
5,154
25,131
89,484
1,212
3,376
34,106
95,498
1,616
5,154
25,131
89,484
1,212
3,376
34,106
95,498
31
22
21
10
120
323
100
295
145
310
87
231
122
354
106
317
145
332
91
241
123
317
5,417
11,889
789
4,227
308,173
2,092,942
80
208
287
878
415
1,789
310,754
1,334,403
1,696
4,323
2,996
8,237
417
1,797
32
119
62
191
401
1,510
49
140
2,098
5,878
1,757
4,514
3,397
9,747
467
1,937
2,130
5,997
36
126
1,735
5,963
136
434
3,067
15,281
4,872
12,811
37,591
122,269
789
4,227
308,173
2,092,942
3,198
8,323
40,515
120,118
415
1,789
310,754
1,334,403
Amount of Premium
u/w in Rural Areas
83
Name of the Insurer: The New India Assurance Company Limited
BUSINESS FIGURES:
Total No. of
Policies Issued
Total Premium u/w

LINE OF BUSINESS
11120.70
46015.05
Previous year
10487.78
Marine Cargo
2998.05
Previous year
Up to
the month
For the
month
193876.00
43454.54
59333.00
201550.00
9479.80
21955.00
68959.00
3247.45
9758.99
24391.00
70657.00

7118.79
11554.53
395.00
1294.00
Previous year
4841.91
9044.41
374.00
1789.00
Marine (Total)
10116.84
21034.33
22350.00
70253.00
2027.48
8089.36
18803.40
24765.00
72446.00
Aviation
1109.61
1917.50
83.00
199.00
104.55
1177.00
53.00
171.00
Engineering
3242.65
10056.64
4570.00
16712.00
Previous year
4715.79
11502.37
9316.00
21656.00
Motor Own Damage
17831.75
54334.10
623380.00
1759816.00
Previous year
15310.61
44692.78
541794.00
1654541.00
Motor Third party
16947.85
51332.91
556204.00
1834606.00
Previous year
14937.82
43791.11
559101.00
1706567.00
Motor (Total)
34779.60
105667.01
556204.00
30248.43
88483.89
559101
857
2217
Previous year
782
Public Liability
15
Previous year
Product Liability
Sum Assured
Up to
the month
For the
month
66860.00
Previous year
632.92
2560.51
-249.40
-279.19
2276.88
2510.12
Up to
the month
For the
month
83086778.11
289509717.87
95541362.22
251700451.56
30863348.98
152329455.82
-3610935.49
76062858.74
6564354.18
14200673.75
52150186.99
79678988.68
2230.93
37427703.16
166530129.57
0.00
0.00
48539251.50
155741847.42
1005.06
740.50
337901.70
23731129.27
-1473.14
2521.14
-1445.73
9641.32
255126.42
2493190.90
6790350.11
25218585.10
10958664.45
32073544.83
863648.28
4321164.30
1085222.44
4713124.84
2010.03
7541.80
1834606.00
4531.17
17183.12
863648.28
4321164.30
1706567
0.00
0.00
1085222.44
4713124.84
4682
15739
75
251
132161
402128
1966
3103
23583
617863
815245
41
127
-8
-90
23
131
357
641
80
146
13
86
161
212
14
26
1261
4988
7771
23987
Previous year
484
4480
21995
23358
4636
-81
-66
47
5270
5746
13
681
264854
951954
301086
746221
1248
4307
6719
19558
Liability (Total)
2213.50
7391.40
12469
39939
-1.15
775.90
397544.64
1363197.70
2214.65
6615.50
10193
43808
0.00
0.00
946214.36
1590568.81
Personal Accident
1548.31
4978.89
49176.00
132817
-101.59
446.63
97812863.41
334115590.67
Previous year
1649.90
4532.26
41362.00
132226
19962511.46
56772666.97
Medical Insurance
23598.64
93342.29
119754.00
354941
Previous year
23296.89
86209.57
121263.00
355364
Up to
the month
Fire
Previous year
84
For the
month
Accretions during
the month (premium)
301.75
38.70
7132.72
12595070.35
30603397.36
133.84
376.68
5514.00
12902
Previous year
95.14
297.43
2359.00
9206
Health (Total)
23732.48
93718.97
125268
367843
340.45
7211.97
3491603.79
12660020.03
23392.03
86507.00
123622
364570
0.00
0.00
7380047.78
31316498.17
Crop Insurance
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
Credit Guarantee
0.00
0.00
Previous year
0.00
0.00
4318.26
14813.16
83225.00
285218
Previous year
4590.03
13274.18
77587.00
233232
0.00
-271.77
79.25
3480820.07
7387942.81
0.00
1538.98
10783.72
64949.68
-7895.03
713100.81
0.00
0.00
0.00
0.00
12330188.64
60025828.95
17332141.55
53347149.90
Grand Total
92181.95
305592.95
920205
2941463
6689.43
31242.81
242538581.84
917475363.46
85492.52
274350.14
905332
2776226
0.00
0.00
202000542.18
589749043.40

No. of Policies
in Rural Areas
Up to
the month
For the
month
Amount of Premium
Up to
the month
For the
month

in Social Sector
Up to
the month
For the
month
1041.40
No. of
Lives covered *
Up to
the month
For the
month
1175.88
3891.07
5279.00
17978.00
-308.40
0.00
1394.75
4284.63
6227.00
21597.00
366.12
947.47
0.00
0.00
205.92
821.58
775.00
4208.00
60.23
217.39
0.00
0.00
488.71
1189.31
1088.00
4263.00
21.73
154.60
0.00
0.00
0.00
For the
month
Up to
the month
0.00
61.84
97.20
8.00
79.00
4.35
12.19
0.00
8.30
51.57
8.00
84.00
-5.28
2.56
0.00
0.00
267.76
918.78
783.00
4287.00
64.58
229.58
0.00
0.00
497.01
1240.88
1096.00
4347.00
16.45
157.16
0.00
0.00
18.19
18.19
0.00
0.00
0.00
0.00
0.00
0.00
0.34
10.93
0.00
0.00
0.00
0.00
0.00
0.00
242.99
862.66
523.00
2430.00
139.00
307.36
0.00
0.00
5429.18
5914.52
312.00
2026.00
816.89
1005.55
0.00
0.00
3697.62
11595.36
54268.00
151847.00
618.40
1979.47
40619.00
110612.00
3436.87
9792.36
49550.00
156925.00
303.07
1467.74
11304.00
22002.00
4657.22
14151.38
47418.00
157293.00
689.77
2294.07
45343.00
147791.00
4053.79
11079.48
45040.00
161792.00
473.93
1797.92
7355.00
18942.00
8354.84
25746.74
54268.00
157293.00
1308.17
4273.54
85962.00
258403.00
7490.66
20871.84
49550.00
161792.00
777.00
3265.66
18659
40944
38
333
362
1443
12
73
290
3348
72
335
835
5640
86
732
5854
-3
-4
-177
13
11
32
35
272
699
1592
5050
59
238
253
2805
325
735
1380
4328
-21
172
1202
4687
309.63
1037.47
1953
6504
71.49
311.76
543
6153
425.01
1107.75
2040
9988
-15.98
258.80
1934
10541
75.45
324.08
4157.00
13101
-1230.62
270.36
-5391133.00
213340
165.41
464.73
3279.00
11716
396.28
660.98
18237.00
217145
438.51
6113.05
6654.00
21381
-335.44
2356.76
764391.00
11527290
967463
14619744
583.83
4575.21
5547.00
17736
425.06
2849.54
188865.00
2632127
1597735
4717342
3.10
14.07
36.00
223
0.91
5.89
86.00
762
3780
9625
1.00
11.29
-130.00
236
2.62
5.19
-432.00
561
1506
5506
441.61
6127.12
6690
21604
-334.53
2362.65
764477
11528052
971243
14629369
584.83
4586.50
5417
17972
427.68
2854.73
188433
2632688
1599241
4722848
0.00
0.00
0.00
0.00
0.00
-35.00
-1.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
832.31
2814.65
15920.00
54164
172.36
771.43
65814.00
3070823
1217.36
3303.89
22440.00
61108
93.08
806.92
40628.00
2960669
11718.66
41740.76
89573
277361
-117.95
9568.08
-4474337
15076771
17204.55
41785.67
90326
290546
2876.52
9957.27
267891
5861987
Amount of Premium
u/w in Rural Areas
85
Name of the Insurer: The Oriental Insurance Company Limited
BUSINESS FIGURES:
Total Premium u/w
LINE OF BUSINESS
Fire
Up to
the month
10417.43
36723.79
Previous year
7874.87
Marine Cargo
2201.39
Previous year
Accretions during
the month (premium)
Up to
the month
For the
month
43387
141191
32211.27
42339
136861
8014.26
13804
43706
2371.34
8649.98
15766
46347

4348.73
8550.15
507
1255
Previous year
5221.83
7698.92
542
1159
Marine (Total)
6550.12
16564.41
14311
44961
7593.17
16348.90
16308
47506
Aviation
178.73
2474.78
29
89
Previous year
721.79
2028.51
22
76
Engineering
2782.40
9757.45
3414
11581
Previous year
2835.72
9663.34
3194
10671
Motor Own Damage
8678.52
27796.03
433478
1371574
Previous year
8737.78
26844.98
443847
1343427
Motor Third party
11244.73
34688.59
581913
1852477
Previous year
10347.52
31022.43
595580
1805465
Motor (Total)
19923.25
62484.62
581913
1852477
19085.30
57867.41
595580
1805465
656.35
2234.18
5226
17104
Previous year
585.05
2058.91
5279
16699
Public Liability
4.55
34.13
27
129
Previous year
10.88
41.72
38
149
Product Liability
15.04
118.95
11
31
Previous year
86
For the
month
Total No. of
Policies Issued
9.61
85.19
10
24
283.77
783.80
3019
9033
Previous year
273.89
907.84
3192
9346
Liability (Total)
959.71
3171.06
8283
26297
879.43
3093.66
8519
26218
Personal Accident
1075.73
3472.93
62880
192849
Previous year
1008.59
3252.11
69289
204760
Medical Insurance
13499.58
44136.58
84411
256742
Previous year
12133.51
36704.12
79215
231878
66.78
251.63
1777
6912
Previous year
73.74
232.85
1856
7033
Health (Total)
13566.36
44388.21
86188
263654
12207.25
36936.97
81071
238911
Crop Insurance
0.00
0.00
Previous year
0.00
0.00
Credit Guarantee
0.00
0.00
Previous year
0.00
0.00
5335.01
16833.10
65777
206892
Previous year
4067.85
13686.93
69146
212613
Grand Total
60788.74
195870.35
866182
2739991
56273.97
175089.10
885468
2683081
For the
month
Up to
the month
Sum Assured
For the
month
Up to
the month
2542.56
4512.52 42445767.27 100112720.09
-169.95
-635.72
2809028.92
22730424.00
-873.10
851.23
2760753.86
7541925.48
-1043.05
215.51
5569782.78
30272349.48
-543.06
446.27
1104397.23
6513931.29
-53.32
94.11
2439578.71
7941462.34
-59.26
951.05
575386.66
1826222.93
897.21
3666.16
0.00
0.00
837.95
4617.21
575386.66
1826222.93
71.30
175.27
16726.75
40531.57
-6.33
-7.59
2121606.33
4121957.27
5.43
33.76
69097.70
591748.61
9.88
-124.04
2656885.45
6231252.01
80.28
77.40
4864316.23
10985489.46
67.14
220.82
2620987.99
5817144.66
1366.07
7432.46
383688.81
1382984.78
-6.96
18.78
171336.56
700932.40
1359.11
7451.24
555025.37
2083917.18
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1267.16
3146.17
4295034.59
20102611.08
4514.77
20781.25
64470276.83
185655848.51
0.00
0.00
For the
month
Up to
the month
No. of Policies
in Rural Areas
Amount of Premium
Up to
the month
For the
month
907.52
2497.11
8751
27435
343.71
1974.69
8676
25890
72.68
289.37
709
2180
73.05
263.43
710
2257
17.77
39.78
357
18.52
39.21
379
90.45
329.15
91.57
For the
month
0.00
Up to
the month

in Social Sector
No. of
Lives covered *
Up to
the month
For the
month
For the
month
Up to
the month
0.00
0.00
0.00
0.00
0.00
0.00
0.00
530
0.00
0.00
566
0.00
0.00
1066
2710
0.00
0.00
302.64
1089
2823
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
95.18
350.03
547
1944
0.00
0.00
82.97
299.97
448
1561
0.00
0.00
1697.91
5446.88
88176
276953
0.00
0.00
1619.64
5084.79
88063
263138
0.00
0.00
2595.25
7892.94
123321
390157
0.00
0.00
78
26739
4675
160440
2227.52
6693.52
120039
362484
0.00
0.00
181
24687
795
162161
4293.16
13339.82
123321
390157
0.00
0.00
78
26739
4675
160440
3847.16
11778.31
120039
362484
0.00
0.00
181
24687
795
162161
80.80
355.79
949
3099
157.62
566.16
73.34
293.12
892
2800
152.01
496.58
0.00
0.54
0.00
0.00
1.59
1.98
0.00
0.00
0.00
1.56
0.00
0.00
0.00
0.00
0.00
0.00
24.17
90.53
257
880
0.00
0.00
36.78
90.25
443
968
0.00
0.00
104.97
448.42
1206
3985
157.62
566.16
111.71
385.35
1338
3774
152.01
496.58
64.86
194.76
10723
34825
265.47
814.63
156
442
4357
5540
152.70
275.66
14009
42756
262.99
869.82
169
375
3239
5712
352.88
1008.54
5535
16463
2103.53
6912.89
32
95
123
370
372.21
1046.51
4666
13909
1955.90
5819.25
34
99
127
374
3.21
9.37
65
223
0.00
0.00
3.16
10.42
88
274
0.00
0.00
356.09
1017.91
5600
16686
2103.53
6912.89
32
95
123
370
375.37
1056.93
4754
14183
1955.90
5819.25
34
99
127
374
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1187.04
3483.52
21326
66532
2024.57
6041.36
185
2206
442
3039
973.15
2603.86
23488
68504
1425.14
4960.70
4136
18152
3926
18002
7099.27
21660.72
172540
544274
4551.19
14335.04
451
29482
9597
169389
5978.34
18677.41
173841
521975
3796.04
12146.35
4520
43313
8087
186249
Amount of Premium
u/w in Rural Areas
87
Name of the Insurer: United India Insurance Company Limited
BUSINESS FIGURES:
Total Premium u/w
LINE OF BUSINESS
9990.47
39228.86
Previous year
9415.10
Marine Cargo
2221.35
Previous year
Accretions during
the month (premium)
Up to
the month
For the
month
For the
month
Up to
the month
Sum Assured
Up to
the month
For the
month
64217
238099
575.37
4254.33
10823911
42501473
34974.53
79743
228163
1246.10
7330.53
10200542
37892231
9401.77
18073
72297
-232.11
182.71
4711241
19940128
2453.46
9219.06
20341
72051
-18.54
198.06
5203521
19552619
743.15
11209.83
1715
4992
-1110.45
1863.10
267320
4032313
Previous year
1853.60
9346.73
1979
4102
548.60
2526.73
666763
3362133
Marine (Total)
2964.50
20611.60
19788
77289
-1342.56
2045.81
4978561
23972441
4307.06
18565.79
22320
76153
530.06
2724.79
5870284
22914752
Aviation
1059.19
1350.45
58
144
948.29
957.61
158918
202618
110.90
392.84
187
319
11.90
247.84
16639
58940
Engineering
4308.11
13311.23
6860
27985
-379.94
465.27
1856944
5737599
Previous year
-532.95
246.96
2020711
5537052
Previous year
4688.05
12845.96
16132
36149
Motor Own Damage
13390.73
40069.37
509921
1573991
-315.87
-332.26
1900074
5685631
Previous year
13706.60
40401.63
555467
1612981
3175.60
9678.63
1944894
5732777
Motor Third party
15258.91
45098.56
580886
2564448
1766.70
4218.73
Previous year
13492.21
40879.83
862037
2769034
1854.21
10046.83
Motor (Total)
28649.64
85167.93
580886
2564448
1450.83
3886.47
1900074
5685631
1944894
5732777
27198.81
81281.46
862037
2769034
5029.81
19725.46
640.95
2388.73
5731
21108
-59.53
17.66
Previous year
700.48
2371.07
6322
21196
204.48
802.86
Public Liability
113.70
369.98
467
1174
25.50
5.71
19271
62708
Previous year
Up to
the month
Fire

88
For the
month
Total No. of
Policies Issued
88.20
364.27
375
1200
11.10
7.93
14949
61741
Product Liability
111.12
371.20
691
1109
-98.71
-46.93
22109
73856
Previous year
209.83
418.13
77
473
166.93
266.09
41749
83193
436.79
1153.21
3410
11281
204.55
474.02
132888
350850
Previous year
232.24
679.19
1946
7576
153.24
20.78
70656
206635
Liability (Total)
1302.56
4283.12
10299
34672
71.81
450.46
174268
487414
1230.75
3832.66
8720
30445
535.75
1097.66
127354
351569
Personal Accident
957.04
4124.51
39511
118517
10.89
173.24
3151268
13580870
Previous year
946.15
3951.27
42401
118652
70.15
718.27
3115410
13010437
Medical Insurance
24162.53
77967.79
226064
767613
3065.01
10591.20
3337700
10770110
Previous year
21097.52
67376.59
286708
774309
5711.63
16360.06
2914314
9307091
51.71
195.85
1880
2892
56.98
-87.30
15213
57620
Previous year
-5.27
283.15
81
1037
-689.38
-2760.32
-1550
83304
Health (Total)
24214.24
78163.64
227944
770505
3121.99
10503.90
3352914
10827731
21092.25
67659.74
286789
775346
5022.25
13599.74
2912764
9390395
Crop Insurance
0.00
2.93
30089
30091
0.00
2.93
92
Previous year
0.00
0.00
0.00
0.00
Credit Guarantee
1.08
1.08
1.08
1.08
Previous year
0.00
0.00
0.00
0.00
6167.50
19522.65
109234
509155
1350.34
693.90
1188916
3763403
Previous year
-77.84
264.75
928609
3629639
4817.16
18828.75
178300
597745
Grand Total
79614
265768
1088889
4370908
5808
23435
27585773
106759271
73806
242333
1496629
4632006
11835
45956
27137207
98517792
For the
month
Up to
the month
No. of Policies
in Rural Areas
Amount of Premium
Up to
the month
For the
month
681.84
2559.52
15257
51873
568.20
2132.93
13267
75.80
329.04
857
58.31
253.11
9.33
7.18
For the
month
Up to
the month

in Social Sector
No. of
Lives covered *
Up to
the month
For the
month
0.00
0.00
45107
0.00
0.00
5484
0.00
0.00
765
4896
0.00
0.00
29.64
177
475
0.00
0.00
22.80
158
424
0.00
0.00
85.13
358.68
1034
5959
0.00
0.00
65.49
275.91
923
5320
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.96
0.96
156.32
515.47
1377
4729
0.00
0.00
123.72
433.17
984
3378
0.00
0.00
2322.78
8635.34
61358
274511
0.00
0.00
1153.55
7996.12
49885
223180
0.00
0.00
4053.37
10652.09
110102
436492
0.00
0.00
1934.80
8076.74
93384
360917
0.00
0.00
6376.15
19287.43
110102
436492
0.00
0.00
3088.35
16072.86
93384
360917
0.00
0.00
85.27
244.42
1118
4817
50.71
111.05
22
213
33.53
181.05
873
3763
41.91
91.78
39
205
4.89
23.24
86
429
0.00
0.00
4.25
20.21
81
387
0.00
0.00
0.00
0.00
0.00
0.00
For the
month
Up to
the month
0.00
0.00
0.00
1.90
1.85
56.30
53
1068
0.00
0.00
1.53
46.53
41
834
0.00
0.00
92.01
323.96
1257
6314
50.71
111.05
22
213
39.31
247.79
995
4984
41.91
93.68
39
205
905.12
1624.37
1930
16625
516.96
915.87
112268
881899
724.15
1269.04
1565
13512
466.93
854.22
58187
815124
916.45
4398.06
12304
80952
1682.52
11896.06
5122614
12892296
5729811
14668243
808.73
2690.68
10854
56619
1474.66
11305.76
4489517
10402234
5003003
11010051
89.73
117.11
14
389
0.00
0.00
105
1117
70.75
97.59
897
0.00
0.00
91
2684
1006.18
4515.17
12318
81341
1682.52
11896.06
5122614
12892296
5729916
14669360
879.48
2788.27
10863
57516
1474.66
11305.76
4489517
10402234
5003094
11012735
0.00
2.93
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1408.62
7021.06
60488
143696
1740.17
4739.73
8108
25973
1094.16
6105.27
51709
126002
1355.33
3963.64
6006
19239
10711
36209
203763
747031
3990
17663
5243012
13800381
5729916
14669360
6583
29325
173690
616736
3340
16218
4553749
11236802
5003094
11012735
Amount of Premium
u/w in Rural Areas
89
Name of the Insurer: Universal Sompo General Insurance Company Limited
BUSINESS FIGURES:
Total No. of
Policies Issued
Total Premium u/w

LINE OF BUSINESS
Up to
the month
For the
month
1335.94
3571.79
11945.00
30402.00
Previous year
1332.27
2916.32
12165.00
Marine Cargo
415.96
822.47
226.00
Previous year
Sum Assured
Up to
the month
For the
month
For the
month
2276002.18
Up to
the month
3.67
655.47
6267004.88
28539.00
631.32
1036.91
2187867.84
4668561.50
700.00
342.45
384.89
1725971.28
5421100.09
73.51
437.57
202.00
534.00
21.84
177.55
676242.93
3479633.62

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Marine (Total)
415.96
822.47
226
700
342.45
384.89
1725971.28
5421100.09
73.51
437.57
202
534
21.84
177.55
676242.93
3479633.62
Aviation
25.24
25.24
3.00
3.00
25.24
25.24
21500.00
21500.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Engineering
85.49
405.75
187.00
513.00
26.11
24.95
88410.73
234462.92
Previous year
59.37
380.79
208.00
542.00
-17.29
103.44
136307.19
290925.30
Motor Own Damage

Previous year
Motor Third party
986.84
2852.68
34079.00
93430.00
-232.54
-35.92
269718.55
420014.91
1219.38
2888.60
36756.00
94213.00
83.93
51.24
95589.28
229746.62
964.12
2626.47
0.00
0.00
-13.76
-32.21
1896.16
Previous year
977.88
2658.68
0.00
0.00
694.01
Motor (Total)
1950.96
5479.15
34079
93430
-246.30
-68.13
269718.55
420014.91
2197.26
5547.28
36756
94213
777.94
1947.39
95589.28
229746.62
21
61
128
380
-4.84
-8.78
9401
16255
Previous year
26.10
69.43
169.00
420.00
10.14
32.74
7435.96
13262.84
Public Liability
-8.28
1.98
19.00
60.00
-8.56
0.25
-5213
6715
Previous year
0.28
1.73
1.00
8.00
-0.13
-3.76
1500.00
4100.00
Product Liability
1.57
4.01
1.00
5.00
1.44
-0.79
679.50
1899.50
Previous year
575.25
0.13
4.80
1.00
5.00
0.05
4.09
100.00
13
68
21
0.66
4.12
8691
16733
Previous year
12
64
24
75
11
25
3850
12997
Liability (Total)
27.66
134.69
153
466
-11.30
-5.20
13558.72
41603.18
38.96
139.89
195
508
20.65
57.74
12885.96
30934.72
Personal Accident
Up to
the month
Fire
Previous year
90
For the
month
Accretions during
the month (premium)
69.05
228.15
652
1703
-46.45
30.72
190770.12
7386155.96
Previous year
115.50
197.42
750.00
1580.00
6.11
-6.49
2039448.78
2638093.69
Medical Insurance
867.55
3032.41
4738
13295
410.72
1279.42
36982.05
149598.44
Previous year
456.83
1752.99
3950
9791
311.96
533.85
14087.45
81210.55
3.16
4.48
79.00
218.00
2.30
0.57
50301.85
66498.99
Previous year
0.86
3.91
25.00
288.00
-0.69
1.21
4790.73
72005.12
Health (Total)
870.71
3036.89
4817
13513
413.02
1279.99
87283.90
216097.42
457.69
1756.90
3975
10079
311.27
535.05
18878.18
153215.67
Crop Insurance
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Credit Guarantee
7.09
8.96
2.00
4.00
7.09
8.96
13400.00
13400.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
552.95
1753.50
16935.00
40120.00
21.95
96.03
362434.97
1172348.52
Previous year
105.57
653.25
394868.70
942830.39
531.00
1657.47
17528.00
39285.00
Grand Total
5341.05
15466.58
68999
180854
535.48
2432.94
5049050.43
21193687.88
4805.56
13033.64
71779
175280
1857.40
4504.85
5562088.86
12433941.51
Up to
the month
For the
month
No. of Policies
in Rural Areas
Amount of Premium
Up to
the month
For the
month
For the
month
Up to
the month

in Social Sector
No. of
Lives covered *
Up to
the month
For the
month
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
9.04
19.27
333.00
770.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
For the
month
Up to
the month
0.00
0.00
0.00
0.00
13.54
14.19
287.00
402.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
13.54
14.19
287
402
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
224.22
501.95
6570.00
14923.00
0.00
0.00
0.00
0.00
207.73
539.81
7358.00
15664.00
0.00
0.00
0.00
0.00
224.22
501.95
6570
14923
22.58
33.46
620
1172
207.73
539.81
7358
15664
0.00
0.00
Amount of Premium
u/w in Rural Areas
91
Name of the Insurer: Agriculture Insurance Company of India Ltd.
BUSINESS FIGURES:
Total Premium u/w
LINE OF BUSINESS
For the
month
Up to
the month
Total No. of
Policies Issued
For the
month
Up to
the month
Accretions during
the month (premium)
For the
month
Up to
the month
Sum Assured
For the
month
Up to
the month
Fire
Previous year
Marine Cargo
Previous year
Previous year
Marine (Total)
Aviation
Previous year
Engineering
Previous year
Motor Own Damage
Previous year
Motor Third party
Previous year
Motor (Total)
Previous year
Public Liability
Previous year
Product Liability
Previous year
Previous year
Liability (Total)
Personal Accident
Previous year
Medical Insurance
Previous year
Previous year
Health (Total)
Crop Insurance
92
Previous year
17982.39
35438.22
24492
70997
12635.87
18404.74
489120.54
1022249.15
5346.52
17033.48
19526
78681
-1419.40
2583.29
200432.55
638030.54
17982.39
35438.22
24492
70997
12635.87
18404.74
489120.54
1022249.15
5346.52
17033.48
19526
78681
-1419.40
2583.29
200432.55
638030.54
Credit Guarantee
Previous year
Previous year
Grand Total
For the
month
Up to
the month
No. of Policies
in Rural Areas
For the
month
Up to
the month
Amount of Premium
For the
month
Up to
the month

in Social Sector
For the
month
Up to
the month
No. of
Lives covered *
For the
month
Up to
the month
17982.39
35438.22
24492
70997
NA
NA
NA
NA
786002
2062759
5346.52
17033.48
19526
78681
NA
NA
NA
NA
648286
2544717
17982.39
35438.22
24492
70997
NA
NA
NA
NA
786002
2062759
5346.52
17033.48
19526
78681
NA
NA
NA
NA
648286
2544717
Amount of Premium
u/w in Rural Areas
93
Name of the Insurer: Apollo Munich Health Insurance Company Limited
BUSINESS FIGURES:
Total Premium u/w
LINE OF BUSINESS
For the
month
Up to
the month
Total No. of
Policies Issued
Accretions during
the month (premium)
Up to
the month
For the
month
For the
month
Up to
the month
Sum Assured
For the
month
Up to
the month
Fire
Previous year
Marine Cargo
Previous year
Previous year
Marine (Total)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Motor (Total)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Liability (Total)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
107.89
290.54
2751
6981.00
107.89
290.54
171504.79
922876.61
Aviation
Previous year
Engineering
Previous year
Motor Own Damage
Previous year
Motor Third party
Previous year
Previous year
Public Liability
Previous year
Product Liability
Previous year
Previous year
Personal Accident
Previous year
78.40
204.21
2713
6759.00
78.40
204.21
54531.00
132349.38
Medical Insurance
3484.69
10210.93
24933
69343.00
3484.69
10210.93
131129.39
533119.42
Previous year
3120.60
9537.20
19039
53217.00
3120.60
9537.20
124193.30
255653.56
72.83
247.96
2796
10389.00
72.83
247.96
411858.00
1232661.75
Previous year
68.98
193.11
2308
7713.00
68.98
193.11
131766.86
794256.86
Health (Total)
3557.52
10458.89
27729
79732
3557.52
10458.89
542987.39
1765781.17
3189.58
9730.31
21347
60930
3189.58
9730.31
255960.16
1049910.43
Crop Insurance
94
Previous year
Credit Guarantee
Previous year
80.80
285.18
80.80
285.18
352135.00
929640.00
Previous year
63.47
233.17
2.00
63.47
233.17
320595.00
1174300.00
Grand Total
3746.21
11034.62
30480
86713
3746.21
11034.62
1066627.18
3618297.78
3331.45
10167.69
24060
67691
3331.45
10167.69
631086.16
2356559.80
For the
month
Up to
the month
No. of Policies
in Rural Areas
Amount of Premium
Up to
the month
For the
month
Up to
the month
For the
month

in Social Sector
No. of
Lives covered *
Up to
the month
For the
month
For the
month
Up to
the month
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.30
1.75
15
97
0.00
3.30
3.91
127
1051
0.00
144.41
394.08
12376
34260
61
164.87
12408
33802
105214
311170
704.50
1055.10
44390
118419
340.00
77508
125443
360950
0.00
0.00
0.00
0.00
0.00
0.00
0.00
5123
15423
0.00
0.00
0.00
0.00
0.00
0.00
0.00
3625
11220
144.41
394.08
12376
34260
60.56
164.87
12408
33802
110337
326593
704.50
1055.10
44390
118419
0.00
340.00
77508
129068
372170
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
144.71
395.84
12391
34357
60.56
164.87
12408
33802
110337
326593
707.80
1059.02
44517
119470
0.00
340.00
77508
129068
372170
Amount of Premium
u/w in Rural Areas
95
Name of the Insurer: Export Credit Guarantee Corporation of India Ltd.,
BUSINESS FIGURES:
Total Premium u/w
LINE OF BUSINESS
For the
month
Up to
the month
Total No. of
Policies Issued
Accretions during
the month (premium)
Up to
the month
For the
month
For the
month
Up to
the month
Sum Assured
For the
month
Up to
the month
Fire
Previous year
Marine Cargo
Previous year
Previous year
Marine (Total)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Motor (Total)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Liability (Total)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Health (Total)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Aviation
Previous year
Engineering
Previous year
Motor Own Damage
Previous year
Motor Third party
Previous year
Previous year
Public Liability
Previous year
Product Liability
Previous year
Previous year
Personal Accident
Previous year
Medical Insurance
Previous year
Previous year
Crop Insurance
96
Previous year
Credit Guarantee
Previous year
10454
28997
782
2176
783
3887
334360
1014164
9671
25110
753
2120
1025
1986
347899
1003997
10453.93
28997.05
782
2176
783.25
3886.98
334360.10
1014164.47
9670.68
25110.07
753
2120
1024.84
1986.46
347898.64
1003996.76

Previous year
Grand Total

No. of Policies
in Rural Areas
Up to
the month
For the
month
Amount of Premium
Up to
the month
For the
month

in Social Sector
Up to
the month
For the
month
No. of
Lives covered *
Up to
the month
For the
month
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
For the
month
Up to
the month
Amount of Premium
u/w in Rural Areas
97
Name of the Insurer: Max Bupa Health Insurance Company Limited
BUSINESS FIGURES:
Total Premium u/w
LINE OF BUSINESS
For the
month
Up to
the month
Total No. of
Policies Issued
Accretions during
the month (premium)
Up to
the month
For the
month
For the
month
Sum Assured
Up to
the month
For the
month
Up to
the month
Fire
Previous year
Marine Cargo
Previous year
Previous year
Marine (Total)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Motor (Total)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Liability (Total)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
17.25
31.73
549
1489
17.25
32
18050.13
29542.69
0.00
Aviation
Previous year
Engineering
Previous year
Motor Own Damage
Previous year
Motor Third party
Previous year
Previous year
Public Liability
Previous year
Product Liability
Previous year
Previous year
Personal Accident
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Medical Insurance
2,114.60
5,944.56
14910
40539
2,114.60
5,944.56
131218.75
382753.60
Previous year
1221.87
3638.68
10458
29530
1221.87
3638.68
33472
88557.60049
Health (Total)
2114.60
5944.56
14910
40539
2114.60
5944.56
131218.75
382753.60
1221.87
3638.68
10458
29530
1221.87
3638.68
33472.00
88557.60
Grand Total
2131.86
5976.30
15459
42028
2131.86
5976.30
149268.88
412296.29
1221.87
3638.68
10458
29530
1221.87
3638.68
33472.00
88557.60

Previous year
Crop Insurance
98
Previous year
Credit Guarantee
Previous year
Previous year
For the
month
Up to
the month
No. of Policies
in Rural Areas
Amount of Premium
Up to
the month
For the
month

in Social Sector
Up to
the month
For the
month
No. of
Lives covered *
Up to
the month
For the
month
For the
month
Up to
the month
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
9.475934
23.674034
104
252
49313
132776
17.56
32.95
118
290
9.29
11.24
14
26
28057
100825
9.48
23.67
104
252
0.00
0.00
49313
132776
17.56
32.95
118
290
9.29
11.24
14
26
28057
100825
9.48
23.67
104
252
0.00
0.00
49313
132776
17.56
32.95
118
290
9.29
11.24
14
26
28057
100825
Amount of Premium
u/w in Rural Areas
99
Name of the Insurer: Star Health and Allied Insurance Company Limited
BUSINESS FIGURES:
Total Premium u/w
LINE OF BUSINESS
For the
month
Up to
the month
Total No. of
Policies Issued
Accretions during
the month (premium)
Up to
the month
For the
month
For the
month
Up to
the month
Sum Assured
Up to
the month
For the
month
Fire
Previous year
Marine Cargo
Previous year
Previous year
Marine (Total)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Motor (Total)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Liability (Total)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Personal Accident
152.28
413.47
11978
31649.00
42.54
120.13
183180.80
488767.72
Previous year
109.74
293.34
10377
27197.00
2.51
36.91
151301.89
737584.22
1615555.68
Aviation
Previous year
Engineering
Previous year
Motor Own Damage
Previous year
Motor Third party
Previous year
Previous year
Public Liability
Previous year
Product Liability
Previous year
Previous year
Medical Insurance
6864.38
17901.88
101970
278435.00
2296.74
678.56
620090.33
Previous year
4567.64
17223.32
91859
240622.00
-10531.48
-22935.95
340973.90
927681.15
111.99
530.20
4250
16837.00
-38.91
63.60
510839.41
1245757.65
Previous year
150.90
466.60
5027
15517.00
8.70
13.20
522527.81
1690172.40
Health (Total)
6976.37
18432.08
106220
295272
2257.83
742.16
1130929.74
2861313.33
4718.54
17689.92
96886
256139
-10522.78
-22922.75
863501.71
2617853.55
Crop Insurance
100
Previous year
Credit Guarantee
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
-53.90
-117.08
0.00
Grand Total
7128.65
18845.55
118198
326921
2300.37
862.29
1314110.54
3350081.05
4828.28
17983.26
107263
283336
-10574.17
-23002.92
1014803.60
3355437.77
For the
month
Up to
the month
No. of Policies
in Rural Areas
Amount of Premium
Up to
the month
For the
month
For the
month
Up to
the month

in Social Sector
No. of
Lives covered *
Up to
the month
For the
month
For the
month
Up to
the month
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
14.15
53.08
1952
5757.00
39.37
84.52
7145
17446.00
56.71
160.17
4304
19485.00
15.44
34.50
5644
11507.00
898.54
2150.83
13586
40522.00
1678.22
4423.76
28538
75758.00
109172
295284.00
1674.62
7947.93
31424
82522.00
998.86
4295.29
24310
440952.00
110426
668969.00
6.97
47.17
244
1337.00
28.68
132.15
1084
4235.00
4250
16837.00
34.26
110.68
741
2938.00
46.44
139.88
1911
5407.00
5027
15517.00
905.51
2198.00
13830
41859
1706.90
4555.91
29622
79993
113422
312121
1708.88
8058.61
32165
85460
1045.30
4435.17
26221
446359
115453
684486
0.00
0.00
0.00
0.00
919.66
2251.08
15782
47616
1746.27
4640.43
36767
97439
113422
312121
1765.59
8218.78
36469
104945
1060.74
4469.67
31865
457866
115453
684486
Amount of Premium
u/w in Rural Areas
101
Name of the Insurer: Religare Health Insurance Company Limited
BUSINESS FIGURES:
Total Premium u/w
LINE OF BUSINESS
For the
month
Up to
the month
Total No. of
Policies Issued
Accretions during
the month (premium)
Up to
the month
For the
month
For the
month
Up to
the month
Sum Assured
For the
month
Up to
the month
Fire
Previous year
Marine Cargo
Previous year
Previous year
Marine (Total)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Motor (Total)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Liability (Total)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Personal Accident
2.91
48.22
13.00
40.00
2.91
48.22
4175.54
78347.66
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Aviation
Previous year
Engineering
Previous year
Motor Own Damage
Previous year
Motor Third party
Previous year
Previous year
Public Liability
Previous year
Product Liability
Previous year
Previous year
Medical Insurance
988.94
5087.94
2838.00
7265.00
988.94
5087.94
171769.29
470250.50
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous year
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Health (Total)
988.94
5087.94
2838.00
7265.00
988.94
5087.94
171769.29
470250.50
0.00
0.00
0.00
0.00
0.00
0.00
991.85
5136.16
2851
7305
991.85
5136.16
175944.83
548598.16
0.00
0.00
0.00
0.00
0.00
0.00
Crop Insurance
102
Previous year
Credit Guarantee
Previous year
Previous year
Grand Total
For the
month
Up to
the month
No. of Policies
in Rural Areas
Amount of Premium
Up to
the month
For the
month
For the
month
Up to
the month

in Social Sector
No. of
Lives covered *
Up to
the month
For the
month
For the
month
Up to
the month
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
817.00
11519.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
4.64
23.58
67.00
342.00
0.00
0.00
0.00
0.00
151319
342751.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
4.64
23.58
67.00
342.00
0.00
0.00
0.00
0.00
151319.00
342751.00
0.00
0.00
0.00
0.00
4.64
23.58
67
342
0.00
0.00
152136
354270
0.00
0.00
0.00
0.00
Amount of Premium
u/w in Rural Areas
103
events
23 25 Sep 2013
Venue: NIA, Pune
Corporate Governance Issues for Senior Management

By National Insurance Academy.
30 Sep 02 Oct 2013

Venue: Dubai, UAE
2nd MENA Rendezvous

By Middle East Insurance Review.
07 08 Oct 2013
Venue: Bahrain
2nd Annual Middle East Takaful Forum

By Middle East Insurance Review.
10 11 Oct 2013
Venue: Singapore
1st Asia Agriculture Insurance Conference

By Asia Insurance Review.
17 19 Oct 2013
Venue: NIA, Pune
Reinsurance Management Overview

28 30 Oct 2013
Venue: NIA, Pune
Risk-based Underwriting & Actuarial Appreciation

07 09 Nov 2013
Venue: NIA, Pune
International Seminar Mastering Risk to Manage our Future

By National Insurance Academy & FAIR.
11 12 Nov 2013
Venue: Kuala Lumpur
9th Takaful Rendezvous

14 16 Nov 2013
Venue: NIA, Pune
Techno Marketing in General Insurance

18 19 Nov 2013
Venue: Singapore
1st Asia Marine Insurance Conference

RNI No: APBIL/2002/9589
view point
Mortgage origination and mortgage insurance were at the very core of the financial crisis. The
Joint Forum Recommendations on Mortgage Insurance provide guidance to national
policymakers and supervisors in order to avoid mistakes of the past and strengthen resilience in
the future.
Mr. Thomas Schmitz-Lippert
Chairman of the Joint Forum of IAIS.
Consumer liaison representatives provide an extraordinary range of experience and expertise
with insurance-related matters.
Mr. Jim Donelon
NAIC President and Louisiana Insurance Commissioner.
We have been encouraged that, working closely with the FCA and despite their different
business needs, a large number of firms have voluntarily come together to create a redress
scheme that will provide a fair outcome for customers.
Mr. Martin Wheatley
Chief Executive of the Financial Conduct Authority, UK.
We have stepped up to meet enhanced global standards on information exchange and have
intensified our supervision of financial institutions to ensure we keep illicit money out from our
financial centre.
Mr. Ravi Menon
Managing Director, Monetary Authority of Singapore.
General conditions have improved somewhat over the last year. APRA, however, remains very
vigilant and alert to potential problems emerging with the economy, at industry level or with
individual insurers.
Mr.Ian Laughlin
Member, Australian Prudential Regulation Authority.
In view of the low insurance penetration/density observed in many Asian jurisdictions, special
efforts are needed in making available customized insurance solutions at an affordable cost.
Mr. T.S. Vijayan
Chairman, Insurance Regulatory & Development Authority, India.
If undelivered please return to:

IRDA, Parishram Bhavan, 3rd Floor, Basheer Bagh, Hyderabad - 500 004. Ph: +91-40-23381100

IRDA Journal September Issue 2013

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Volume XI, No.

Volume XI, No. 9

2010 Insurance Regulatory and Development Authority.

he economic development of a nation is

essential that all corporate activity has to come under

dependent on the success of its business and

the umbrella of proper monitoring and supervision.

presence of a flourishing of these elements for every

The financial services have become a major

economy that is looking for growth over a period of

component of economic activity globally; and as such,

However, there are boundaries of propriety

account for a large share of the economic output.

within which these industrial or business houses have

Further, services being intangible in nature call for

to function. The absence of such boundaries could lead

specialised skill-sets in their being monitored by the

to undue avarice of the players which would lead to the

supervisors. Within this, insurance supervision is even

detriment of the interests of the common people.

more complex with some of the components being

History has taught us several bitter lessons that

arcane relatively. Besides, as the players are saddled

endorse this opinion. It is in this regard that supervision

with the fiduciary responsibility of living up to peoples

assumes a vital role for the long term success of any

trust, there is a great need for a proper monitoring and

economy. Needless to say that the need for this

supervision of the highest order. As a corollary, players

supervision is more accentuated in those domains

have to comply strictly with the directions and

where the possibility of exploiting the gullible public is

instructions laid down by the supervisors so that the

explicitly more pronounced.

need for a closer monitoring and stepping-in by the

industry; and thus there is essential need for the

regulators is reduced to the greatest extent. Above all, it

should be appreciated that the spirit of regulation is

corporate failures globally that led to the enactment of

what is honoured, and not merely a formal fulfilment.

a few major legislations; and this set in motion the

Regulatory Compliance is the focus of this issue of the

supervisory skills and augment them wherever called

Journal. Being a domain of vast importance and wide

for. Thus the entire process of monitoring and

coverage, the next issue of the Journal will also focus on

supervision world over has assumed a new-found

importance. While the level and style of supervision

14 Attention Insurance Companies

17 Role and Relevance

Theirs Not to Reason Why

Remedy for the Malady

Evolving Insurance Industry

Distribution Compliance Framework

~r_m _| {hXr `m| Oar

from the editor

Essential Management Function

or an on-going business activity, it is

such cases, it would be better to seek a

In order to keep money-laundering out of