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Statements 07-08 (Final) 74 ....

148

Life

Life

Life

Std Life

Life

Life

Life

Life

OM Life

Life AIG Life

Life

Life

AXA Life

Generali

Fortis

Life

Life

18

19

5

41

137

41

9569

104

31

27

32

92

5

0

NA

NA

NA

260

49

360

794

1377

855

61640

2658

1008

521

459

1616

62

0

NA

NA

NA

24

8

29

180

45

7773

163

37

21

85

151

7

9

0

NA

NA

692

3

597

787

2461

788

63206

2666

1157

546

773

3042

78

139

0

NA

NA

43

40

16

36

439

54

11009

142

28

25

79

238

14

25

3

0

0

663

125

1017

909

6854

762

73686

3394

880

1104

1108

5044

174

569

109

0

0

35%

57%

4%

4%

26%

17%

4%

25%

34%

17%

19%

26%

21%

24%

0%

NA

NA

21%

80%

6%

4%

40%

17%

6%

17%

24%

17%

16%

35%

24%

55%

45%

0%

0%

STATEMENT 53

Bharti

Future

IDBI

INDIVIDUAL BUSINESS (WITHIN INDIA) - DETAILS OF FOREFEITURE / LAPSE POLICIES IN RESPECT OF NON-LINKED BUSINESS

Lapse Ratio (Based on number of policies)

AVIVA Birla Sun

H D F C ICICI Pru ING Vysya

LIC

Max NY

Met

Kotak

SBI

TATA

Sahara Shriram

During 2006-07

17%

During 2007-08

19%

Description

Bajaj AZ Reliance

Life

2007-08

Number of policies in ‘000

106

Sum Assured Rs. Crores

2392

2005-06

Number of policies in ‘000

66

Sum Assured Rs. Crores

2418

2006-07 Number of

policies in ‘00077

47

Sum Assured Rs. Crores

2364

  • *

    Includes Non-Linked Health Business, if any.

A policy is treated as lapsed if the premium is not paid within a period ranging from 15 to 60 days.

Lapse Ratio during the year = Lapses (including forfeitures) during the year/Arithmetic Mean of the business inforce at the beginning and at the end of the year

Source of Data: Actuarial Report and Abstract as on 31-03-2006/31-03-2007/31-03-2008 of the life insurers.

ANNUAL REPORT 2007-08

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