Released on: December 6, 2007, 11:31 pm

Press Release Author: Shushmul Maheshwari

Industry: Marketing

Press Release Summary: Large scale participation of private sector, changing
socio-economic demography, and rising ageing population has been and will lead to
phenomenal growth of the Indian life insurance industry.

Press Release Body: The leading name in the business of market research, RNCOS, has
recently published a comprehensive research report on the Indian insurance industry
“Indian Insurance Industry Forecast (2007-2009)”.

The study says that Indian insurance sector is dominated by life insurance market,
which is driven by factors like incidences of natural calamities at regular
intervals, shifting consumer behavior, rising insurance contribution to GDP and
changing socio-economic demography.

The growth of the life insurance products has been further boosted by the entry of
private players following the deregulation of the industry in 2000. They have
contributed a lot to the industry by introducing new distribution channels (such as
bancassurance) and strategies to the industry. The rising demand for retirement
provision in the ageing population along with efforts of governments to move from
public to private pension schemes has also led to rapid growth.

Filliped by the above factors, the report predicts the life insurance market to
swell at a CAGR of over 200% during 2006-2009, thus leaving the non-life insurance
market behind.

The non-life insurance market has also shown steady growth with changing growth
trends since 2006. Pension business, along with the female insurance products, will
experience significant growth during the period 2007-2010. The market is forecasted
to grow at a CAGR of 27% during 2006 to 2009.

Introduction of new products in the Indian insurance market, entry of new foreign
players, deregulation of the insurance industry, huge prospects for insurance
penetration and the shifting from traditional individual agents towards new
distribution channels signifies the opportunity areas for the insurance industry.

However, there are some bottlenecks for the growth of the Indian insurance, like low
insurance penetration in contrast to the global standards, lack of sufficient
distribution channels for insurance products, unpredictable weather conditions and
high regulatory control.

“Indian Insurance Industry Forecast (2007-2009)” is a work of in-depth
study on the Indian insurance industry and covers various parameters like insurance
products, impact of government policies, changing consumer behavior, and driving
factors to analyze the future scenario of the industry.

The research also addresses key issues and marketing strategies of the players,
evaluating the prospective areas of investments in the insurance industry.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://www.rncos.com/Report/FM004.htm
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Web Site: http://www.rncos.com

Contact Details: RNCOS E-Services Pvt Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com