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Social Media in Indian Life Insurance

Social Media in Indian Life Insurance

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Published by Simplify360
Report on the use of Social Media by Indian Life Insurance Industry.
Report on the use of Social Media by Indian Life Insurance Industry.

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Published by: Simplify360 on May 26, 2012
Copyright:Attribution Non-commercial

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05/26/2012

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LIFE INSURANCE IN INDIA
HOW INSURANCE COMPANIES CANLEVERAGE SOCIAL MEDIA TO GROW ITSBUSINESS
1© InRev Systems 2011
 
AGENDA
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1
2© InRev Systems 2011
B
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2
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INDUSTRY OVERVIEW (1/2)
Market Overview
The Indian Life Insurance Marketgrew by 23.4% in 2009 to reacha value of $56 billion. Thecompound annual growth rateof the market in the period
2005
 –
09 was 28.6%
Life insurance is the largestsegment of the life insurancemarket in India, accounting for
86.4% of the market's total
value. The pension/annuitysegment accounts for theremaining market
20.534.741.245.45669.6%18.7%10.2%23.4%0.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%010203040506020052006200720082009
   %    G   r   o   w   t    h    $   B   i    l    l   i   o   n
Source: Data Monitor
3© InRev Systems 2011
 
86.40%13.60%Life insurancePension/Annuity

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