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Life Insurance & Pension in India

Publisher MarketLine
Published Dec 31, 2025
Length 45 Pages
SKU # MTLN20937163

Description

Life Insurance & Pension in India

Summary

Life Insurance & Pension in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Life insurance is the financial cover for a contingency linked with human life, like death, disability, accident, retirement, etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is a loss of income to the household.
  • The Indian life insurance & pension market recorded gross written premiums of $110.2 billion in 2024, representing a compound annual growth rate (CAGR) of 6.2% between 2019 and 2024.
  • The life insurance segment accounted for the market's largest proportion in 2024, with total gross written premiums of $92.8 billion, equivalent to 84.2% of the market's overall value.
  • In 2024, India accounted for 9.6% share of the Asia-Pacific life insurance & pension market.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance & pension market in India
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance & pension market in India
  • Leading company profiles reveal details of key life insurance & pension market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the India life insurance & pension market with five year forecasts
Reasons to Buy
  • What was the size of the India life insurance & pension market by value in 2024?
  • What will be the size of the India life insurance & pension market in 2029?
  • What factors are affecting the strength of competition in the India life insurance & pension market?
  • How has the market performed over the last five years?
  • What are the main segments that make up India's life insurance & pension market?

Table of Contents

45 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strengths of the leading players?
7.4. What strategies do the leading players follow?
7.5. What are the recent developments in the market?
8 Company Profiles
8.1. SBI Life Insurance Co Ltd
8.2. HDFC Life Insurance Co Ltd
8.3. ICICI Prudential Life Insurance Co Ltd
8.4. Max Life insurance Co Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: India life insurance & pension market value: $ billion, 2019-24
Table 2: India life insurance & pension market category segmentation: % share, by value, 2019-24
Table 3: India life insurance & pension market category segmentation: $ billion, 2019-24
Table 4: India life insurance & pension market geography segmentation: $ billion, 2024
Table 5: India life insurance & pension market value forecast: $ billion, 2024-29
Table 6: India life insurance & pension market share: % share, by value, 2024
Table 7: SBI Life Insurance Co Ltd: Key Facts
Table 8: SBI Life Insurance Co Ltd: Annual Financial Ratios
Table 9: SBI Life Insurance Co Ltd: Key Employees
Table 10: HDFC Life Insurance Co Ltd: Key Facts
Table 11: HDFC Life Insurance Co Ltd: Annual Financial Ratios
Table 12: HDFC Life Insurance Co Ltd: Key Employees
Table 13: ICICI Prudential Life Insurance Co Ltd: Key Facts
Table 14: ICICI Prudential Life Insurance Co Ltd: Annual Financial Ratios
Table 15: ICICI Prudential Life Insurance Co Ltd: Key Employees
Table 16: Max Life insurance Co Ltd: Key Facts
Table 17: Max Life insurance Co Ltd: Key Employees
Table 18: India Size of Population (Million), 2019-24
Table 19: India Real GDP (Constant 2010 Prices, $ Billion), 2019-24
Table 20: India GDP (Current Prices, $ Billion), 2019-24
Table 21: India Inflation, 2019-24
Table 22: India Consumer Price Index (Absolute), 2019-24
Table 23: India Exchange Rate, 2019-24
List of Figures
Figure 1: India life insurance & pension market value: $ billion, 2019-24
Figure 2: India life insurance & pension market category segmentation: $ billion, 2019-24
Figure 3: India life insurance & pension market geography segmentation: % share, by value, 2024
Figure 4: India life insurance & pension market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the life insurance & pension market in India, 2024
Figure 6: Drivers of buyer power in the life insurance & pension market in India, 2024
Figure 7: Drivers of supplier power in the life insurance & pension market in India, 2024
Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in India, 2024
Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in India, 2024
Figure 10: Drivers of degree of rivalry in the life insurance & pension market in India, 2024
Figure 11: India life insurance & pension market share: % share, by value, 2024

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