NEW YORK, Feb. 22, 2012 – /PRNewswire/ — Reportlinker.com announces that a new market research report is available in its catalogue:

Life Insurance in India, Key Trends and Opportunities to 2016 Favorable: Regulations and Demographic Changes Will Drive Market Growth

http://www.reportlinker.com/p0778033/Life-Insurance-in-India-Key-Trends-and-Opportunities-to-2016-Favorable-Regulations-and-Demographic-Changes-Will-Drive-Market-Growth.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Life_Insurance

Synopsis

The report provides top-level market analysis, information and insights into the Indian life insurance market, including:• The Indian life insurance market’s growth prospects by life insurance categories • The various distribution channels in the Indian life insurance market• The competitive landscape in the life insurance market in India• A description of the life reinsurance market in India

Summary

India contains the world’s twelfth-largest life insurance market and the fourth-largest in the Asia-Pacific region. In 2016, it is expected to surpass South Korea to emerge as the third-largest life insurance market after China and Japan. The significant growth in the Indian life insurance market in the review period can be attributed to key growth drivers such as the country’s expanding population, robust economic growth, lucrative tax benefits, rising disposable income levels, and increased awareness of the need for insurance, especially among younger people. 

Scope

This report provides a comprehensive analysis of the life insurance market in India:• It provides historical values for India’s life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period• It offers a detailed analysis of the key sub-segments in India’s life insurance market, along with market forecasts until 2016• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions• It analyses the various distribution channels for life insurance products in India• Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in India for the life insurance business• It provides a detailed analysis of the reinsurance market in India and its growth prospects• It profiles the top life insurance companies in India, and outlines the key regulations affecting them 

Reasons To Buy

• Make strategic business decisions using top-level historic and forecast market data related to the Indian life insurance market and each sector within it• Understand the demand-side dynamics, key market trends and growth opportunities within the Indian life insurance market• Assess the competitive dynamics in the life insurance market, along with the reinsurance segment• Identify the growth opportunities and market dynamics within key product categories• Gain insights into key regulations governing the Indian insurance market and its impact on companies and the market’s future 

Key Highlights

• India contains the world’s twelfth-largest life insurance market and the fourth-largest in the Asia-Pacific region. In 2016, it is expected to surpass South Korea to emerge as the third-largest life insurance market after China and Japan• The demand for specific life insurance products has experienced significant growth over the review period. For instance, Indian customers are increasingly demanding insurance products that offer assured income through annuities• ULIPs will remain as the fastest-growing sub-category in the Indian life insurance market over the forecast period• The IRDA’s proposal to increase the limit on foreign direct investment (FDI) from 26% to 49% will be a key growth driver for the life insurance market.• The top nine private life insurance companies increased their cumulative market share from 16.57% in 2007 to 26.47% in 2010. During the forecast period, the cumulative market share of private life insurance companies is expected to increase further 

Companies Mentioned

Life Insurance Corporation of India ICICI Prudential Life Insurance Co. Ltd Bajaj Allianz Life Insurance Company Limited.SBI Life Insurance Co. Ltd HDFC Standard Life Insurance Co. Ltd Reliance Life Insurance Company Limited.Birla Sun Life Insurance Co. Ltd Max New York Life Insurance Co. Ltd Max New York Life Insurance Co. Ltd Kotak Mahindra Old Mutual Life Insurance Limited

Table of Contents1 Executive Summary2 Introduction2.1 What is this Report About?2.2 Definitions2.3 Methodology3 Indian Insurance Industry Attractiveness3.1 Insurance Industry Market Size, 2007–20163.2 Key Industry Trends and Drivers3.2.1 Business drivers3.2.2 Consumer drivers3.3 Recent Market Developments4 Life Insurance Market Outlook4.1 Life Insurance Growth Prospects by Category4.1.1 Individual life insurance category market size, 2007–20164.1.2 Individual general annuity category market size, 2007–20164.1.3 Individual pension category market size, 2007–20164.1.4 Individual unit-linked insurance sub-category market size, 2007–20164.1.5 Group life category market size, 2007–20164.1.6 Group superannuation category market size, 2007–20164.1.7 Group unit-linked insurance sub-category market size, 2007–20164.2 Life Insurance Growth Prospects by Customer Segments4.2.1 Individual segment market size, 2007–20164.2.2 Individual single premium category market size, 2007–20164.2.3 Individual non-single premium category market size, 2007–20164.2.4 Group segment market size, 2007–20164.2.5 Group single premium category market size, 2007–20164.2.6 Group non-single premium category market size, 2007–20165 Analysis by Distribution Channel5.1 Direct marketing channel market size, 2007–20165.2 Bancassurance channel market size, 2007–20165.3 Agencies channel market size, 2007–20165.4 Other channel market size, 2007–20166 Regulatory Policies7 Porter’s Five Forces Analysis – Indian Life Insurance Market7.1 Bargaining Power of Supplier: Low to medium7.2 Bargaining Power of Buyer: Low to medium7.3 Barriers to Entry: medium7.4 Intensity of Rivalry: medium to high7.5 Threat of Substitutes: medium8 Reinsurance Growth Dynamics and Challenges8.1 Reinsurance market size, 2007–20168.2 Reinsurance market size by type of insurance, 2007–20169 Competitive Landscape and Strategic Insights9.1 Overview9.2 Leading Companies in the India Life Insurance Market9.3 Life Insurance Corporation of India – Company Overview9.3.1 Life Insurance Corporation of India – key facts9.3.2 Life Insurance Corporation of India – main products9.3.3 Life Insurance Corporation of India – main competitors9.3.4 Life Insurance Corporation of India – key employees9.4 ICICI Prudential Life Insurance Co. Ltd – Company Overview9.4.1 ICICI Prudential Life Insurance Co. Ltd – key facts9.4.2 ICICI Prudential Life Insurance Co. Ltd – main products9.4.3 ICICI Prudential Life Insurance Co. Ltd – main competitors9.4.4 ICICI Prudential Life Insurance Co. Ltd – key employees9.5 Bajaj Allianz Life Insurance Co. Ltd – Company Overview9.5.1 Bajaj Allianz Life Insurance Co. Ltd – key facts9.5.2 Bajaj Allianz Life Insurance Co. Ltd – main products9.5.3 Bajaj Allianz Life Insurance Co. Ltd – main competitors9.5.4 Bajaj Allianz Life Insurance Co. Ltd – key employees9.6 SBI Life Insurance Co. Ltd – Company Overview9.6.1 SBI Life Insurance Co. Ltd – key facts9.6.2 SBI Life Insurance Co. Ltd – main products9.6.3 SBI Life Insurance Co. Ltd – main competitors9.6.4 SBI Life Insurance Co. Ltd – key employees9.7 HDFC Standard Life Insurance Company Limited – Company Overview9.7.1 HDFC Standard Life Insurance Company Limited – key facts9.7.2 HDFC Standard Life Insurance Company Limited – main products9.7.3 HDFC Standard Life Insurance Company Limited – main competitors9.7.4 HDFC Standard Life Insurance Company Limited – key employees9.8 Reliance Life Insurance Company Limited – Company Overview9.8.1 Reliance Life Insurance Company Limited – key facts9.8.2 Reliance Life Insurance Company Limited – main products9.8.3 Reliance Life Insurance Company Limited – main competitors9.8.4 Reliance Life Insurance Company Limited – key employees9.9 Birla Sun Life Insurance Company Limited – Company Overview9.9.1 Birla Sun Life Insurance Company Limited – key facts9.9.2 Birla Sun Life Insurance Company Limited – main products9.9.3 Birla Sun Life Insurance Company Limited – main competitors9.9.4 Birla Sun Life Insurance Company Limited – key employees9.1 Max New York Life Insurance Company Ltd – Company Overview9.10.1 Max New York Life Insurance Company Ltd – key facts9.10.2 Max New York Life Insurance Company Ltd – main products9.10.3 Max New York Life Insurance Company Ltd – main competitors9.10.4 Max New York Life Insurance Company Ltd – key employees9.11 Tata AIG Life Insurance Company Ltd – Company Overview9.11.1 Tata AIG Life Insurance Company Ltd – key facts9.11.2 Tata AIG Life Insurance Company Ltd – main products9.11.3 Tata AIG Life Insurance Company Ltd – main competitors9.11.4 Tata AIG Life Insurance Company Ltd – key employees9.12 Kotak Mahindra Old Mutual Life Insurance Ltd – Company Overview9.12.1 Kotak Mahindra Old Mutual Life Insurance Ltd – key facts9.12.2 Kotak Mahindra Old Mutual Life Insurance Ltd – main products9.12.3 Kotak Mahindra Old Mutual Life Insurance Ltd – main competitors9.12.4 Kotak Mahindra Old Mutual Life Insurance Ltd – key employees10 Business Environment and Country Risk10.1 Business Confidence10.1.1 Business confidence index10.1.2 Market capitalization trend – Bombay stock exchange (BSE), India10.1.3 FDI inflow by industry10.1.4 Deployment of credit10.2 Economic Performance10.2.1 GDP at constant prices (US dollars)10.2.2 GDP per capita at constant prices (US dollars)10.2.3 GDP at current prices (US dollars)10.2.4 GDP per capita at current prices (US dollars)10.2.5 GDP split by key sectors10.2.6 Agriculture net output at current prices (Indian rupee)10.2.7 Agriculture net output at current prices (US dollars)10.2.8 Agriculture net output at current prices as a percentage of GDP10.2.9 Manufacturing net output at current prices (Indian rupees)10.2.10 Manufacturing net output at current prices (US dollars)10.2.11 Manufacturing net output at current prices as a percentage of GDP10.2.12 Mining, manufacturing and utilities net output at current prices (Indian rupee)10.2.13 Mining, manufacturing and utilities at current prices (US dollars)10.2.14 Mining, manufacturing and utilities at current prices as a percentage of GDP10.2.15 Construction net output at current prices (Indian rupees)10.2.16 Construction net output at current prices (US dollars)10.2.17 Construction net output at current prices as a percentage of GDP10.2.18 Crude steel production10.2.19 Crude oil consumption10.2.20 Inflation rate10.2.21 Fiscal balance as a percentage of GDP10.2.22 Current account balance as a percentage of GDP10.2.23 Exports as a percentage of GDP10.2.24 Imports as a percentage of GDP10.2.25 Exports growth10.2.26 Imports growth10.2.27 External debt as a percentage of GDP10.2.28 Annual average exchange rate US$–INR10.2.29 End of period exchange rate US$–INR10.2.30 Debt service ratio10.3 Infrastructure Quality and Availability10.3.1 Total airports and sea ports10.3.2 Railways and roadways10.3.3 Passenger vehicle production10.3.4 Commercial vehicle production10.3.5 Passenger vehicle export volume10.3.6 Commercial vehicle export volume10.3.7 Automotive components exports10.3.8 Automotive components imports10.3.9 Passenger car penetration10.3.10 Motorcycle penetration10.3.11 Total installed capacity for electricity generation10.3.12 Installed capacity for the generation of conventional thermal electricity10.3.13 Electricity production10.3.14 Installed capacity for the generation of hydro-electricity10.3.15 Installed capacity for renewable electricity generation10.3.16 Electricity exports10.3.17 Electricity imports10.3.18 Healthcare expenditure10.3.19 Healthcare expenditure as a percentage of GDP10.3.20 Healthcare per capita expenditure10.3.21 Total internet subscribers10.3.22 Broadband internet subscribers10.3.23 Personal computer penetration rate10.3.24 Mobile phone penetration rate10.3.25 R&D expenditure as a percentage of GDP10.4 Labor Force10.4.1 Labor force10.4.2 Unemployment rate10.5 Demographics10.5.1 Annual disposable income10.5.2 Annual per capita disposable income10.5.3 Annual consumer expenditure on food10.5.4 Annual per capita consumer expenditure on food10.5.5 Total population10.5.6 Urban and rural population10.5.7 Female percentage of population10.5.8 Male percentage of population10.5.9 Mean age of population10.5.10 Median age of population10.5.11 Population density10.5.12 Age distribution of the total population10.5.13 Age distribution of the male population10.5.14 Age distribution of the female population10.5.15 Number of households10.6 Political and Social Risk10.6.1 Political stability10.6.2 Terrorism Index10.6.3 Transparency index11 Appendix11.1 Methodology11.2 Contact us11.3 About Timetric11.4 Disclaimer 

List of Tables

Table 1: Insurance Market Definitions

Table 2: India Insurance Overall Written Premium by Segment (INR Billion), 2007–2011

Table 3: India Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011

Table 4: India Insurance Overall Written Premium by Segment (INR Billion), 2011–2016

Table 5: India Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016

Table 6: India Insurance Segmentation (%), 2007–2016

Table 7: Life Insurance Written Premium by Category (INR Billion), 2007–2011

Table 8: Life Insurance Written Premium by Category (US$ Billion), 2007–2011

Table 9: Life Insurance Written Premium by Category (INR Billion), 2011–2016

Table 10: Life Insurance Written Premium by Category (US$ Billion), 2011–2016

Table 11: Life Insurance Market – Incurred Loss (INR Billion), 2007–2011

Table 12: Life Insurance Market – Incurred Loss (INR Billion), 2011–2016

Table 13: Life Insurance Market – Loss Ratio (%), 2007–2011

Table 14: Life Insurance Market – Loss Ratio (%), 2011–2016

Table 15: Life Insurance Market – Commissions and Expenses (INR Billion), 2007–2011

Table 16: Life Insurance Market – Commissions and Expenses (INR Billion), 2011–2016

Table 17: Life Insurance Market – Combined Ratio (%), 2007–2011

Table 18: Life Insurance Market – Combined Ratio (%), 2011–2016

Table 19: Life Insurance Market – Frauds and Crimes (INR Billion), 2007–2011

Table 20: Life Insurance Market – Frauds and Crimes (INR Billion), 2011–2016

Table 21: Life Insurance Market – Total Assets (INR Billion), 2007–2011

Table 22: Life Insurance Market – Total Assets (INR Billion), 2011–2016

Table 23: Life Insurance Market – Total Investment Income (INR Billion), 2007–2011

Table 24: Life Insurance Market – Total Investment Income (INR Billion), 2011–2016

Table 25: Life Insurance Market – Retentions (INR Billion), 2007–2011

Table 26: Life Insurance Market – Retentions (INR Billion), 2011–2016

Table 27: Individual Life Insurance Category by Volume (’000), 2007–2011

Table 28: Individual Life Insurance Category by Volume (’000), 2011–2016

Table 29: Individual Life Insurance Category by Written Premium (INR Billion), 2007–2011

Table 30: Individual Life Insurance Category by Written Premium (INR Billion), 2011–2016

Table 31: Individual General Annuity Insurance Category by Volume (’000), 2007–2011

Table 32: Individual General Annuity Insurance Category by Volume (’000), 2011–2016

Table 33: Individual General Annuity Insurance Category by Written Premium (INR Billion), 2007–2011

Table 34: Individual General Annuity Insurance Category by Written Premium (INR Billion), 2011–2016

Table 35: Individual Pension Insurance Category by Volume (’000), 2007–2011

Table 36: Individual Pension Insurance Category by Volume (’000), 2011–2016

Table 37: Individual Pension Insurance Category by Written Premium (INR Billion), 2007–2011

Table 38: Individual Pension Insurance Category by Written Premium (INR Billion), 2011–2016

Table 39: Individual Unit-linked Insurance Sub-Category by Volume (’000), 2007–2011

Table 40: Individual Unit-linked Insurance Sub-Category by Volume (’000), 2011–2016

Table 41: Individual Unit-linked Insurance Sub-Category by Written Premium (INR Billion), 2007–2011

Table 42: Individual Unit-linked Insurance Sub-Category by Written Premium (INR Billion), 2011–2016

Table 43: Group Life Insurance Category by Volume (’000), 2007–2011

Table 44: Group Life Insurance Category by Volume (’000), 2011–2016

Table 45: Group Life Insurance Category by Written Premium (INR Billion), 2007–2011

Table 46: Group Life Insurance Category by Written Premium (INR Billion), 2011–2016

Table 47: Group Superannuation Insurance Category by Volume (’000), 2007–2011

Table 48: Group Superannuation Insurance Category by Volume (’000), 2011–2016

Table 49: Group Superannuation Insurance Category by Written Premium (INR Billion), 2007–2011

Table 50: Group Superannuation Insurance Category by Written Premium (INR Billion), 2011–2016

Table 51: Group Unit-Linked Insurance Sub-Category by Volume (’000), 2007–2011

Table 52: Group Unit-Linked Insurance Sub-Category by Volume (’000), 2011–2016

Table 53: Group Unit-Linked Insurance Sub-Category by Written Premium (INR Billion), 2007–2011

Table 54: Group Unit-Linked Insurance Sub-Category by Written Premium (INR Billion), 2011–2016

Table 55: Individual Single Premium Category by Volume (’000), 2007–2011

Table 56: Individual Single Premium Category by Volume (’000), 2011–2016

Table 57: Individual Single Premium Category by Written Premium (INR Billion), 2007–2011

Table 58: Individual Single Premium Category by Written Premium (INR Billion), 2011–2016

Table 59: Individual Non-Single Premium Category by Volume (’000), 2007–2011

Table 60: Individual Non-Single Premium Category by Volume (’000), 2011–2016

Table 61: Individual Non-Single Premium Category by Written Premium (INR Billion), 2007–2011

Table 62: Individual Non-Single Premium Category by Written Premium (INR Billion), 2011–2016

Table 63: Group Single Premium Category by Volume (’000), 2007–2011

Table 64: Group Single Premium Category by Volume (’000), 2011–2016

Table 65: Group Single Premium Category by Written Premium (INR Billion), 2007–2011

Table 66: Group Single Premium Category by Written Premium (INR Billion), 2011–2016

Table 67: Group Non-Single Premium Category by Volume (’000), 2007–2011

Table 68: Group Non-Single Premium Category by Volume (’000), 2011–2016

Table 69: Group Non-Single Premium Category by Written Premium (INR Billion), 2007–2011

Table 70: Group Non-Single Premium Category by Written Premium (INR Billion), 2011–2016

Table 71: Life Insurance Market – Direct Marketing Commission Paid (INR Billion), 2007–2011

Table 72: Life Insurance Market –Direct Marketing Commission Paid (INR Billion), 2011–2016

Table 73: Life Insurance Market – Written Premium Through Direct Marketing (INR Billion), 2007–2011

Table 74: Life Insurance Market – Written Premium Through Direct Marketing (INR Billion), 2011–2016

Table 75: Life Insurance Market – Policies Sold Through Direct Marketing (’000), 2007–2011

Table 76: Life Insurance Market – Policies Sold Through Direct Marketing (’000), 2011–2016

Table 77: Life Insurance Market – Number of Direct Marketing Distributors, 2007–2011

Table 78: Life Insurance Market – Number of Direct Marketing Distributors, 2011–2016

Table 79: Life Insurance Market – Bancassurance Commission Paid (INR Billion), 2007–2011

Table 80: Life Insurance Market – Bancassurance Commission Paid (INR Billion), 2011–2016

Table 81: Life Insurance Market – Written Premium Through Bancassurance (INR Billion), 2007–2011

Table 82: Life Insurance Market – Written Premium Through Bancassurance (INR Billion), 2011–2016

Table 83: Life Insurance Market – Policies Sold Through Bancassurance (’000), 2007–2011

Table 84: Life Insurance Market – Policies Sold Through Bancassurance (’000), 2011–2016

Table 85: Life Insurance Market – Number of Bancassurance Distributors, 2007–2011

Table 86: Life Insurance Market – Number of Bancassurance Distributors, 2011–2016

Table 87: Life Insurance Market – Commission Paid to Agencies (INR Billion), 2007–2011

Table 88: Life Insurance Market – Commission Paid to Agencies (INR Billion), 2011–2016

Table 89: Life Insurance Market – Written Premium Through Agencies (INR Billion|), 2007–2011

Table 90: Life Insurance Market – Written Premium Through Agencies (INR Billion), 2011–2016

Table 91: Life Insurance Market – Policies Sold Through Agencies (’000), 2007–2011

Table 92: Life Insurance Market – Policies Sold Through Agencies (’000), 2011–2016

Table 93: Life Insurance Market – Number of Agencies, 2007–2011

Table 94: Life Insurance Market – Number of Agencies, 2011–2016

Table 95: Life Insurance Market – Commission Paid to Other Channels (INR Billion), 2007–2011

Table 96: Life Insurance Market – Commission Paid to Other Channels (INR Billion), 2011–2016

Table 97: Life Insurance Market – Written Premium Through Other Channels (INR Billion), 2007–2011

Table 98: Life Insurance Market – Written Premium Through Other Channels (INR Billion), 2011–2016

Table 99: Life Insurance Market – Policies Sold Through Other Channels (’000), 2007–2011

Table 100: Life Insurance Market – Policies Sold Through Other Channels (’000), 2011–2016

Table 101: Life Insurance Market – Number of Distributors in Other Channels, 2007–2011

Table 102: Life Insurance Market – Number of Distributors in Other Channels, 2011–2016

Table 103: Reinsurance Market in India by Category (INR Billion), 2007–2011

Table 104: Reinsurance Market in India by Category (US$ Billion), 2007–2011

Table 105: Reinsurance Market in India by Category (INR Billion), 2011–2016

Table 106: Reinsurance Market in India by Category (US$ Billion), 2011–2016

Table 107: Reinsurance Ceded by Type of Insurance (INR Billion), 2007–2011

Table 108: Reinsurance Ceded by Type of Insurance (US$ Billion), 2007–2011

Table 109: Reinsurance Ceded by Type of Insurance (INR Billion), 2011–2016

Table 110: Reinsurance Ceded by Type of Insurance (US$ Billion), 2011–2016

Table 111: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011

Table 112: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016

Table 113: Life Insurance Market Share (%), 2007–2010

Table 114: Life Insurance Corporation of India, Key Facts

Table 115: Life Insurance Corporation of India, Main Products

Table 116: Life Insurance Corporation of India, Key Employees

Table 117: ICICI Prudential Life Insurance Co. Ltd, Key Facts

Table 118: ICICI Prudential Life Insurance Co. Ltd, Main Products

Table 119: ICICI Prudential Life Insurance Co. Ltd, Key Employees

Table 120: Bajaj Allianz Life Insurance Co. Ltd, Key Facts

Table 121: Bajaj Allianz Life Insurance Co. Ltd, Main Products

Table 122: Bajaj Allianz Life Insurance Co. Ltd, Key Employees

Table 123: SBI Life Insurance Co. Ltd, Key Facts

Table 124: SBI Life Insurance Co. Ltd, Main Products

Table 125: SBI Life Insurance Co. Ltd, Key Employees

Table 126: HDFC Standard Life Insurance Company Limited, Key Facts

Table 127: HDFC Standard Life Insurance Company Limited, Main Products

Table 128: HDFC Standard Life Insurance Company Limited, Key Employees

Table 129: Reliance Life Insurance Company Limited, Key Facts

Table 130: Reliance Life Insurance Company Limited, Main Products

Table 131: Reliance Life Insurance Company Limited, Key Employees

Table 132: Birla Sun Life Insurance Company Limited, Key Facts

Table 133: Birla Sun Life Insurance Company Limited, Main Products

Table 134: Birla Sun Life Insurance Company Limited, Key Employees

Table 135: Max New York Life Insurance Company Ltd, Key Facts

Table 136: Max New York Life Insurance Company Ltd, Main Products

Table 137: Max New York Life Insurance Company Ltd, Key Employees

Table 138: Tata AIG Life Insurance Company Ltd, Key Facts

Table 139: Tata AIG Life Insurance Company Ltd, Main Products

Table 140: Tata AIG Life Insurance Company Ltd, Key Employees

Table 141: Kotak Mahindra Old Mutual Life Insurance Ltd, Key Facts

Table 142: Kotak Mahindra Old Mutual Life Insurance Ltd, Main Products

Table 143: Kotak Mahindra Old Mutual Life Insurance Ltd, Key Employees

List of FiguresFigure 1: India Insurance Overall Written Premium by Segment (INR Billion), 2007–2016Figure 2: India Insurance Market Dynamics by Segment, 2007–2016Figure 3: Life Insurance Written Premium by Category (INR Billion), 2007–2016Figure 4: Life Insurance Written Premium by Category (% Share)f, 2011 and 2016Figure 5: Life Insurance Market Dynamics by Category, 2007–2016Figure 6: Life Insurance Market – Incurred Loss (INR Billion), 2007–2011Figure 7: Life Insurance Market – Incurred Loss (INR Billion), 2011–2016Figure 8: Life Insurance Market – Loss Ratio (%), 2007–2011Figure 9: Life Insurance Market – Loss Ratio (%), 2011–2016Figure 10: Life Insurance Market – Commissions and Expenses (INR Billion), 2007–2011Figure 11: Life Insurance Market – Commissions and Expenses (INR Billion), 2011–2016Figure 12: Life Insurance Market – Combined Ratio (%), 2007–2011Figure 13: Life Insurance Market – Combined Ratio (%), 2011–2016Figure 14: Life Insurance Market – Frauds and Crimes (INR Billion), 2007–2011Figure 15: Life Insurance Market – Frauds and Crimes (INR Billion), 2011–2016Figure 16: Life Insurance Market – Total Assets (INR Billion), 2007–2011Figure 17: Life Insurance Market – Total Assets (INR Billion), 2011–2016Figure 18: Life Insurance Market – Total Investment Income (INR Billion), 2007–2011Figure 19: Life Insurance Market – Total Investment Income (INR Billion), 2011–2016Figure 20: Life Insurance Market – Retentions (INR Billion), 2007–2011Figure 21: Life Insurance Market – Retentions (INR Billion), 2011–2016Figure 22: Life Insurance Market – Investment Type (INR Billion), 2007–2011Figure 23: Life Insurance Market – Investment Type (% Share), 2007 and 2011Figure 24: Life Insurance Market – Density and Penetration (%), 2007–2011Figure 25: Life Insurance Market – Number of Policies Sold (’000), 2007–2011Figure 26: Life Insurance Market – Number of Policies Sold (’000), 2011–2016Figure 27: Life Insurance Market – Premium Per-capita (INR), 2007–2011Figure 28: Individual Life Insurance Category by Volume (’000), 2007–2011Figure 29: Individual Life Insurance Category by Volume (’000), 2011–2016Figure 30: Individual Life Insurance Category by Written Premium (INR Billion), 2007–2011Figure 31: Individual Life Insurance Category by Written Premium (INR Billion), 2011–2016Figure 32: Individual General Annuity Insurance Category by Volume (’000), 2007–2011Figure 33: Individual General Annuity Insurance Category by Volume (’000), 2011–2016Figure 34: Individual General Annuity Insurance Category by Written Premium (INR Billion), 2007–2011Figure 35: Individual General Annuity Insurance Category by Written Premium (INR Billion), 2011–2016Figure 36: Individual Pension Insurance Category by Volume (’000), 2007–2011Figure 37: Individual Pension Insurance Category by Volume (’000), 2011–2016Figure 38: Individual Pension Insurance Category by Written Premium (INR Billion), 2007–2011Figure 39: Individual Pension Insurance Category by Written Premium (INR Billion), 2011–2016Figure 40: Individual Unit-linked Insurance Sub-Category by Volume (’000), 2007–2011Figure 41: Individual Unit-linked Insurance Sub-Category by Volume (’000), 2011–2016Figure 42: Individual Unit-linked Insurance Sub-Category by Written Premium (INR Billion), 2007–2011Figure 43: Individual Unit-linked Insurance Sub-Category by Written Premium (INR Billion), 2011–2016Figure 44: Group Life Insurance Category by Volume (’000), 2007–2011Figure 45: Group Life Insurance Category by Volume (’000), 2011–2016Figure 46: Group Life Insurance Category by Written Premium (INR Billion), 2007–2011Figure 47: Group Life Insurance Category by Written Premium (INR Billion), 2011–2016Figure 48: Group Superannuation Insurance Category by Volume (’000), 2007–2011Figure 49: Group Superannuation Insurance Category by Volume (’000), 2011–2016Figure 50: Group Superannuation Insurance Category by Written Premium (INR Billion), 2007–2011Figure 51: Group Superannuation Insurance Category by Written Premium (INR Billion), 2011–2016Figure 52: Group Unit-Linked Insurance Sub-Category by Volume (’000), 2007–2011Figure 53: Group Unit-Linked Insurance Sub-Category by Volume (’000), 2011–2016Figure 54: Group Unit-Linked Insurance Sub-Category by Written Premium (INR Billion), 2007–2011Figure 55: Group Unit-Linked Insurance Sub-Category by Written Premium (INR Billion), 2011–2016Figure 56: Individual Single Premium Category by Volume (’000), 2007–2011Figure 57: Individual Single Premium Category by Volume (’000), 2011–2016Figure 58: Individual Single Premium Category by Written Premium (INR Billion), 2007–2011Figure 59: Individual Single Premium Category by Written Premium (INR Billion), 2011–2016Figure 60: Individual Non-Single Premium Category by Volume (’000), 2007–2011Figure 61: Individual Non-Single Premium Category by Volume (’000), 2011–2016Figure 62: Individual Non-Single Premium Category by Written Premium (INR Billion), 2007–2011Figure 63: Individual Non-Single Premium Category by Written Premium (INR Billion), 2011–2016Figure 64: Group Single Premium Category by Volume (’000), 2007–2011Figure 65: Group Single Premium Category by Volume (’000), 2011–2016Figure 66: Group Single Premium Category by Written Premium (INR Billion), 2007–2011Figure 67: Group Single Premium Category by Written Premium (INR Billion), 2011–2016Figure 68: Group Non-Single Premium Category by Volume (’000), 2007–2011Figure 69: Group Non-Single Premium Category by Volume (’000), 2011–2016Figure 70: Group Non-Single Premium Category by Written Premium (INR Billion), 2007–2011Figure 71: Group Non-Single Premium Category by Written Premium (INR Billion), 2011–2016Figure 72: Life Insurance New Business Written Premium by Distribution Channels (%Share), 2011 and 2016Figure 73: Life Insurance Market – Direct Marketing Commission Paid (INR Billion), 2007–2011Figure 74: Life Insurance Market – Direct Marketing Commission Paid (INR Billion), 2011–2016Figure 75: Life Insurance Market – Written Premium Through Direct Marketing (INR Billion), 2007–2011Figure 76: Life Insurance Market – Written Premium Through Direct Marketing (INR Billion), 2011–2016Figure 77: Life Insurance Market – Policies Sold Through Direct Marketing (’000), 2007–2011Figure 78: Life Insurance Market – Policies Sold Through Direct Marketing (’000), 2011–2016Figure 79: Life Insurance Market – Number of Direct Marketing Distributors, 2007–2011Figure 80: Life Insurance Market – Number of Direct Marketing Distributors, 2011–2016Figure 81: Life Insurance Market – Bancassurance Commission Paid (INR Billion), 2007–2011Figure 82: Life Insurance Market – Bancassurance Commission Paid (INR Billion), 2011–2016Figure 83: Life Insurance Market – Written Premium Through Bancassurance (INR Billion), 2007–2011Figure 84: Life Insurance Market – Written Premium Through Bancassurance (INR Billion), 2011–2016Figure 85: Life Insurance Market – Policies Sold Through Bancassurance (’000), 2007–2011Figure 86: Life Insurance Market – Policies Sold Through Bancassurance (’000), 2011–2016Figure 87: Life Insurance Market – Number of Bancassurance Distributors, 2007–2011Figure 88: Life Insurance Market – Number of Bancassurance Distributors, 2011–2016Figure 89: Life Insurance Market – Commission Paid to Agencies (INR Billion), 2007–2011Figure 90: Life Insurance Market – Commission Paid to Agencies (INR Billion), 2011–2016Figure 91: Life Insurance Market – Written Premium Through Agencies (INR Billion), 2007–2011Figure 92: Life Insurance Market – Written Premium Through Agencies (INR Billion), 2011–2016Figure 93: Life Insurance Market – Policies Sold Through Agencies (’000), 2007–2011Figure 94: Life Insurance Market – Policies Sold Through Agencies (’000), 2011–2016Figure 95: Life Insurance Market – Number of Agencies, 2007–2011Figure 96: Life Insurance Market – Number of Agencies, 2011–2016Figure 97: Life Insurance Market – Commission Paid to Other Channels (INR Billion), 2007–2011Figure 98: Life Insurance Market – Commission Paid to Other Channels (INR Billion), 2011–2016Figure 99: Life Insurance Market – Written Premium Through Other Channels (INR Billion), 2007–2011Figure 100: Life Insurance Market – Written Premium Through Other Channels (INR Billion), 2011–2016Figure 101: Life Insurance Market – Policies Sold Through Other Channels (’000), 2007–2011Figure 102: Life Insurance Market – Policies Sold Through Other Channels (’000), 2011–2016Figure 103: Life Insurance Market – Number of Distributors in Other Channels, 2007–2011Figure 104: Life Insurance Market – Number of Distributors in Other Channels, 2011–2016Figure 105: Indian Life Insurance Market – Five Forces AnalysisFigure 106: Premium Ceded to Reinsurance by Category (INR Billion), 2007–2016Figure 107: Reinsurance Premium Share by Category, 2011 and 2016Figure 108: Reinsurance Market Dynamics by Category, 2007–2016Figure 109: Reinsurance Ceded by Type of Insurance (INR Billion), 2007–2016Figure 110: Reinsurance Market Dynamics by Type of Insurance, 2007–2016Figure 111: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Figure 112: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016Figure 113: Life Insurance Market Share (%), 2007 and 2010Figure 114: Indian Business Confidence Indicator, 2008–2010Figure 115: Bombay Stock Exchange (BSE), Market Capitalization (US$ Billion), 2003–2009Figure 116: Indian FDI Inflows by Industry (US$ Billion), 2003–2009Figure 117: Indian Deployment of Credit (US$ Billion), 2003–2008Figure 118: Indian GDP at Constant Prices (US$ Billion), 2007–2016Figure 119: Indian GDP Per Capita at Constant Prices (US$), 2007–2016Figure 120: Indian GDP at Current Prices (US$ Billion), 2007–2016Figure 121: Indian GDP Per Capita at Current Prices (US$), 2007–2016Figure 122: Indian GDP Split by Key Sectors (%), 2003 and 2009Figure 123: Indian Agriculture Net Output at Current Prices (INR Trillion), 2007–2016Figure 124: Indian Agriculture Net Output at Current Prices (US$ Billion), 2007–2016Figure 125: Indian Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007–2016Figure 126: Indian Manufacturing Net Output at Current Prices (INR Trillion), 2007–2016Figure 127: Indian Manufacturing Net Output at Current Prices (US$ Billion), 2007–2016Figure 128: Indian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2016Figure 129: Indian Mining, Manufacturing and Utilities Net Output at Current Prices (INR Trillion), 2007–2016Figure 130: Indian Mining, Manufacturing and Utilities Output at Current Prices (US$ Billion), 2007–2016Figure 131: Indian Mining, Manufacturing and Utilities Output at Current Prices as a Percentage of GDP (%), 2007–2016Figure 132: Indian Construction Net Output at Current Prices (INR Trillion), 2007–2016Figure 133: Indian Construction Net Output at Current Prices (US$ Billion), 2007–2016Figure 134: Indian Construction Output at Current Prices as a Percentage of GDP (%), 2007-2016Figure 135: Indian Crude Steel Production (Million Metric Tons), 2007–2016Figure 136: Indian Crude Oil Consumption (Million Tons), 2007–2016Figure 137: Indian Inflation Rate (%), 2007–2016Figure 138: Indian Fiscal Balance as a Percentage of GDP (%), 2007–2010Figure 139: Indian Trade Balance as a Percentage of GDP (%), 2007–2016Figure 140: India Exports as a Percentage of GDP (%), 2007–2016Figure 141: Indian Imports as a Percentage of GDP (%), 2007–2016Figure 142: Indian Exports Growth (%), 2007–2016Figure 143: Indian Imports Growth (%), 2007–2016Figure 144: Indian External Debt as a Percentage of GDP (%), 2007–2011Figure 145: Indian Annual Average Exchange Rate (US$–INR), 2007–2010Figure 146: Indian End of Period Exchange Rate (US$–INR), 2007–2010Figure 147: India Debt Service Ratio (%), 2007–2009Figure 148: Indian Total Number of Airports, 2009Figure 149: Indian Railways and Roadways (Kilometers), 2011Figure 150: Indian Passenger Vehicle Production (Million Units), 2007–2016Figure 151: Indian Commercial Vehicle Production (Units), 2007–2016Figure 152: Indian Passenger Vehicle Exports (Units), 2007–2016Figure 153: Indian Commercial Vehicle Exports (Units), 2007–2016Figure 154: Indian Automotive Components Exports (US$ Billion), 2007–2016Figure 155: Indian Automotive Components Imports (US$ Billion), 2007–2016Figure 156: Indian Passenger Car Penetration (per Thousand People), 2007–2016Figure 157: Indian Motorcycle Penetration (per Thousand People), 2007–2016Figure 158: Indian Total Installed Capacity for Electricity Generation (Million Kilowatts), 2007–2016Figure 159: Indian Installed Capacity for the Generation of Convent

To order this report: Life Insurance Industry: Life Insurance in India, Key Trends and Opportunities to 2016 Favorable: Regulations and Demographic Changes Will Drive Market Growth

More  Market Research Report

Check our  Industry Analysis and Insights

Nicolas BombourgReportlinkerEmail: nbo@reportlinker.comUS: (805)652-2626Intl: +1 805-652-2626

SOURCE Reportlinker

DARIEN, Ill., Feb. 20, 2012 /PRNewswire via COMTEX/ — Life Quotes, Inc. wants to remind consumers that a little-known side benefit of the dreaded life insurance exam is that it might uncover health problems that you didn’t even know were there. It’s possible that the simple life insurance paramedical examination can provide much more than financial protection.

Life insurance is typically used to protect loved ones from financial devastation in the event of a death, but in a number of cases, the lab results of a routine checkup uncovered something far more sinister–a serious illness that the policyholder was not aware they had, which ultimately saved their life.

“It’s quite common for the lab results of routine life insurance exams to reveal potentially life-threatening illnesses,” says Robert Bland, CEO and founder of Life Quotes, Inc. “Surprising illnesses or conditions are revealed most frequently among adult applicants who have gotten out of the habit of having annual physical checkups. This then puts the life insurance agent into the role of bearer of bad news. Understandably, the reaction upon receiving such news is first denial, then anger at us for bearing the bad news and then appreciation for having uncovered potential problems before they become life-threatening. It’s amazing what kinds of problems a comprehensive blood count test can reveal, which is why we always urge our customers to obtain regular annual checkups, in part so that their families don’t have to use the life insurance policy in the drawer.”

Life Quotes, Inc. gathered several personal stories provided by individuals whose lives were changed when they applied for life insurance.

In 1991, NBA All-Star Earvin “Magic” Johnson was diagnosed with HIV after a routine life insurance examination. Since then, Johnson has dedicated his life to promoting awareness about the deadly disease.

Dr. Joan Schaefer, chief medical officer of Nebraska’s Health and Human Services System, learned she was in the early stages of a rare developmental liver disease called congenital hepatic fibrosis due to the lab results of a simple life insurance medical exam. At the time of the discovery, she had otherwise believed she was healthy and was in the middle of training for a marathon. In 2008, Schaefer underwent an emergency liver transplant to correct the condition.

From a paramedical examiner’s standpoint, it is very common to come across a client who did not know there was a problem with their health until they saw the results of the examination.

“This is fairly commonplace, we don’t know every instance where this happens at a given moment, but we draw blood and ship the blood to the lab and are often privy to those results,” said James Fritz, President and Chief Operating Officer for APPS Paramedical Services in Jericho, N.Y. “An examiner may find an abnormal reading on an electrocardiogram or their blood pressure is extremely high or low and they realize something has happened and encourage the person to contact a medical professional saving the applicant from a significant episode or serious medical condition. This may not be publicly recognized, but it is a reality and it does uncover significant illnesses that do save peoples lives.”

According to Kim Anderson, Senior Vice President of Examination Management Services, Inc. (EMSI) her examiners see an applicant with a critical health risk at least twice a year.

“This is often presented to us during the exam. Examiners are trained to know what to look for and if they see something that is out of the ordinary they know they are to inform the applicant and recommend they seek immediate medical attention,” Anderson said.

Although examiners cannot diagnose or offer medical advice about a certain illness, they can refer applicants to medical specialists for further review. And often the insurance agent informs the applicant that the exam revealed a serious illness.

“I had an applicant who thought he was in perfect health and when I told him that the examination showed that he had Type 2 diabetes, at first he didn’t believe me,” said Margaret Thornton, New Business Director at Life Quotes, Inc. “I strongly recommended that he make an appointment with his doctor as soon as possible, especially since he was planning a trip overseas that year.”

Shortly after an examination revealed that a new applicant had diabetes, Thornton was contacted again by a life insurance examiner who told her another recent applicant had a “stroke-level” blood pressure reading. The applicant was encouraged to contact her physician.

If it is found that you have a serious illness after a paramedical examination, the life insurance company may instill a waiting period based on the type of illness and the severity of the condition.

In the case of dangerously high blood pressure, the waiting period will likely be a year to make for certain the individual has the condition under control, but the policy could still be rated or declined depending on the outcome of the actual diagnosis and treatment.

“Bottom line, it doesn’t happen everyday, but it definitely happens and often these health problems are found from testing that is done at a low cost and in some cases absolutely free of charge to the applicant,” Thornton said.

Life Quotes, Inc. suggests contacting your health care provider immediately and making an appointment if a serious health condition is found in your test results.

For more, see “When Life Insurance Saves Lives” http://www.lifequotes.com/articles/lifeinsurance/when-life-insurance-saves-lives/

If you have a serious medical condition and have the need to shop for life insurance, Life Quotes, Inc. recommends the following to increase your chances of passing the examination and getting a better rate on life insurance.

Expedite the application process by submitting doctor letters or medical records to your insurance agent before taking the exam

Make sure you are properly hydrated

Avoid fatty foods for two days prior to taking the examination

Abstain from alcohol for 72 hours prior to the exam

Don’t take ibuprofen or aspirin prior to taking the exam since this will elevate your liver function

For more tips about taking paramedical examinations, see “Nine Things To Consider Before Taking A Paramedical Exam” http://www.lifequotes.com/articles/lifeinsurance/nine-things-to-consider-before-taking-a-paramedical-exam/

About Life Quotes, Inc.

Originally founded in 1984, Life Quotes, Inc. owns and operates a comprehensive consumer information service and companion insurance brokerage service that caters to the needs of self-directed insurance shoppers. Visitors to the Company’s Web site www.lifequotes.com , are able to obtain instant life insurance quotes from 30 leading life insurance companies and have the freedom to buy from any company shown.

SOURCE Life Quotes, Inc.

Copyright (C) 2012 PR Newswire. All rights reserved

WATERVILLE

1:00 AM

WATERVILLE — Local insurance agents say it’s not uncommon for a parent to buy life insurance for a child, an issue that has been raised recently as the investigation of missing toddler Ayla Reynolds enters its third month.

The role of life insurance for children has emerged as an issue since Ayla’s mother, Trista Reynolds, contends that she learned from state police that Ayla’s father Justin DiPietro bought a policy on the child. Reynolds shared the information on www.aylareynolds.com, a family-run website. Ayla was 20 months old when she was reported missing Dec. 17.

Local insurance agents said the reasons for buying insurance for a child vary from making the child easier to insure later in life to providing money for college or beyond and most parents don’t buy a policy with an eye toward collecting a benefit if the child dies.

The lack of information about the investigation into the toddler’s disappearance has raised the question what role the insurance policy plays. State police won’t confirm the existence of the policy and Ayla’s father, Justin DiPietro, could not be reached for comment.

Covering children with life insurance policies is routine, according to a senior official at the state agency that regulates insurance companies and brokers in Maine said.

“Parents having life insurance on their children is not at all uncommon. In fact, many group life insurance plans have dependents’ coverage because children do pass away,” said Tom Record, senior staff attorney for the Maine Bureau of Insurance.

Charles Reeves, a family law attorney in Waterville, said he would never consider buying a life insurance policy on a child, but added that the existence of a policy doesn’t signify something illegal in the Ayla investigation.

Three Waterville insurance brokers said this week buying a life insurance policy for children is a logical and responsible thing for a parent to do.

John Fortier, an insurance salesman, said he often sells cash-value policies to parents. He has policies on all his children, and his father bought a policy on him.

That type of policy is transferable and it serves as a savings account.

Naturally, if a child dies, the parent receives the benefit. However, that isn’t the intent, he said.

“No parent that I have ever known bought a life insurance policy looking for a death benefit,” he said. “They’re always looking to guarantee the insurability.”

Buying a life insurance policy ensures a child will always be eligible for coverage. Common chronic illnesses such as asthma and diabetes that develop as a child grows can keep a person from getting insurance, which often hinges on whether the person has a pre-existing condition. If parents buy a policy for a child early in life, however, that coverage is guaranteed for a lifetime, as long as the premiums are paid.

Also, the earlier a person is insured, the smaller the premiums will be.

Fortier said the minimum coverage he sells for a cash value policy is ,000. It costs about a month.

As the child grows, so does the cash value of the policy. The premiums that are paid into the policy gain compound interest, currently at 4.25 percent, just like a savings account.

Unlike a savings account, however, the interest isn’t subject to taxes until a withdrawal is made.

At age 18, the child can take ownership of a cash value policy and withdraw the accumulated money, but many times a parent will retain ownership of the policy until the child is financially stable enough to pay.

“In my own case, I handed over the ownership of the policies once my kids got through college, once they became self-sustaining and had the ability to pay for them.”

Doug Legg, another Waterville insurance salesman, said it’s not unusual for a parent to buy a police on a child and agreed that cash value policies make sense, particularly for parents who don’t have a lot of money.

“The cost is very, very small,” he said. “It could cost per year, which covers all children in your family.”

The minimum rider to a term policy is ,000, Legg said.

Steve Bousque, another Waterville insurance salesman, said life insurance policies for children used to be common.

“Years ago, it was a very common practice that grandma or grandpa would buy a very small ,000 policy on the kids. Today, I think parents have gotten away from that.”

Recently, Bousque said he has seen parents of older children buying life insurance policies.

“College students are incurring astronomical loans these days,” he said. “If parents co-sign on those loans, they will come in and buy a term policy, because otherwise they’re on the hook for that child.”

Ben McCanna — 861-9239

bmccanna@centralmaine.com

(CBS) – The mother of missing Maine toddler Ayla Reynolds says the girl’s father took out a life insurance policy on Ayla in the weeks before she disappeared.

Pictures: Ayla Reynolds missing

“In the same week Justin took Ayla from me, he took out a life insurance policy on Ayla,” said Trista Reynolds, according to Fox Boston. “Now, why did he take out that life insurance policy? I’m still trying to figure that one out myself. Because who takes a life insurance policy out on their own child?”

Ayla Reynolds vanished last December from her father’s Waterville, Maine home. Trista Reynolds says she was in rehab for alcohol abuse when the Department of Health and Human Services sent Ayla to live with her father, Justin DiPietro.

Trista Reynolds is also suing the state nearly two months after her daughter’s disappearance, claiming social service workers may be at fault, according to CBS Boston.

Reynolds says Maine officials could have done more and that she called them several times with concerns about her daughter, but they never investigated.

“You have this system that’s supposed to protect children and what kind of protecting do they do when a child goes missing or something happens?,” asks Reynolds.

Complete coverage of the Ayla Reynolds case on Crimesider

When a “for rent” sign appeared in the window of Gerber/Hart Library in late January, community members shared concerns that the library was being forced to move against its best interests.

Karen Sendziak, president of the Gerber/Hart Library board, later confirmed that Chicago’s LGBT library and archives, now at 1127 W. Granville Ave., is moving. No further information was provided.

Community members expressed concern for the well-being of the library, and Windy City Times began examining both the structure and fiscal health of the organization. What WCT found is an organization struggling to stay compliant, quiet about its operations and more than two months behind on submitting its annual IRS form 990 on its finances.

On or around Jan. 22, a large red rental sign appeared in the window of the Edgewater-based library, encouraging interested parties to contact neighborhood B&R Developers.

The property was also listed in at least two Craigslist advertisements published Jan. 23. The listings did not mention the library specifically, but showed pictures and a description of the single-story library. The rental sign in the window’s library advertised 5,500 square feet of available space in the building.

Sendziak, reached by phone, initially declined comment on the rental advertisements, but later confirmed via email that the library would in fact move.

“Gerber/Hart will be moving,” she wrote to Windy City Times. “That is all I can say at this point.”

According to Rae Ann Cecrle, the building’s owner, Gerber/Hart asked for a one-month lease extension until the end of April. Cecrle said she sent the library a new lease in September, but was not given notice until December that the library planned to relocate.

“I couldn’t get a commitment out of them,” Cecrle said, adding that she sent several inquiries but received no response.

Cecrle declined to disclose the cost of rent but said that it has remained the same for two years. The latest lease did increase the rent by per square foot, but Cecrle offered to donate the cost of the increase to keep Gerber/Hart in the building, she said.

Cecrle said she does not know why the library is leaving the space, but added that she supports the organization and hopes it remains in the neighborhood.

At least one potential renter has inquired about the space thus far.

The library officially announced the move in an email newsletter to members Jan. 26, stating that after 13 years of operation on Granville, “it is time to move on.”

“As to where and when we are moving—once our deal is consummated ( yes, consummated! ) , you’ll be the first to know,” the newsletter read.

Cecrle was not the only one who wanted the library to stay in the neighborhood. Ald. Harry Osterman said that he met with Sendziak two months ago and asked what he could do to keep the library in the neighborhood. He said he had heard they were considering moving and requested a meeting.

“Gerber/Hart has been a phenomenal institution in our community,” Osterman told Windy City Times.

He said that he told Sendziak that his office wanted to help them stay in the neighborhood. He also said that he does not know if the library plans to move to another location in Edgewater but said he “got the sense that it’s been a good fit for Gerber/Hart and its community.”

Several sources close the library have wondered why, if rent is not immediately increasing, the library has decided to move its more than 14,000 volumes, 800 periodical titles and 100 archival collections.

Sendziak has thus far declined to comment on the reason for the move.

Wil Brant, who served as the organization’s board president more than a decade ago, helped the library move from its Paulina Street location to its current home. Brant speculated that moving the current library will require a large volunteer base.

“It’s a major undertaking,” he said.

According to Brant, the Granville location had to undergo renovations in order to support the library. That included reinforcing the floors to bear the weight of its books and installing two separate air-conditioners—one for its special collection and another for its general collection.

Some have speculated that the Gerber/Hart intends to purchase a space, rather than continuing to rent.

It remains unclear if the library has the financial resources to purchase property. Going into 2010, the library’s net assets totaled 5,976. Much of those funds originated from bequests and life-insurance donations that came to the library over the last five years.

However, more current information on the organization’s assets is inaccessible, in part because the library failed to file its 990 IRS form, the document that most tax-exempt non-profits are required to file on their finances annually.

Two staffers at the Illinois attorney general’s Charitable Trust Bureau confirmed that the library filed for two extensions on its 990 forms. After the extensions, the form was due Nov. 15, 2011, but it has not yet been filed.

Robyn Ziegler, press secretary at the attorney general’s office, said that in situations where a non-profit fails to file a 990, the bureau sends a 30-day notice letter to the organization. That letter has not yet been sent to Gerber/Hart but could be sent shortly, Ziegler said.

A failure to come back into compliance after those 30 days may lead to legal action against an organization, Ziegler added.

“Generally speaking, when that happens we would continue to pursue them and it could lead to us filing a lawsuit for violations of the Charitable Trust Act,” said Ziegler.

Windy City Times contacted several sources close to the library for this story. Most spoke at length about a myriad of concerns for its future, but few would go on the record about the state of the library or their history with it.

To date, Windy City Times has not been able to obtain the names of any board members, nor has the paper been able to obtain a copy of the organization’s current bylaws. Neither is published on the Gerber/Hart website, and Sendziak has not provided such information.

Windy City Times posed the following questions to Sendziak Jan. 27:

—What is your official title with Gerber/Hart? Is it a compensated role? If you are board president, how long have you served in that capacity?

—Are there any compensated positions within the organization? If so, who are they and what are their salaries?

—Who are the current board members and what are their titles?

—Did Gerber/Hart file a 990 form for 2010? If so, please provide a copy.

—When did Gerber/Hart decide to move and did the board vote on this decision?

—Why is Gerber/Hart moving?

—Is the library purchasing property or renting?

—How many dues-paying members does Gerber/Hart have? Are these all voting members?

—When was the 2011 annual meeting?

—When was the last election of board members?

—Please provide the most current copy of the bylaws.

—What is the agency’s current bank balance?

—What are the anticipated costs of the move?

Sendziak wrote back Jan. 30: “Our legal counsel is out of the country. Once our attorney returns, we will obtain guidance from our attorney as to how to proceed in answering your inquiries.”

Few seem to know much of anything about the organization’s workings since 2009, including the names of current board members. In nearly two dozen media inquiries sent regarding the library, no source was able to name a board member beyond Sendziak. It is further unknown when the organization had its last annual meeting and board elections.

The library, the Midwest’s largest LGBT library, has been a fixture in Chicago’s LGBT community for more than 30 years. It opened in 1981 in a basement on Sheffield Avenue and later moved to a storefront on Paulina Street before landing in Edgewater.

It houses a significant portion of LGBT community’s historical documents and artifacts in its archives, which have been donated by community members. Over the years, many LGBT leaders have served on the Gerber/Hart’s board and served as its president. The space has also hosted numerous community events, local organizations and held its own programs and book clubs.

Many credit Sendziak with keeping such activities alive, while others lament that space has not been made for others within the organization.

What is clear about Gerber/Hart is that community concern for the organization runs deep.

Jennifer Brier is professor of history and gender studies at University of Illinois-Chicago and co-curated the Chicago History Museum’s Out in Chicago exhibit. She said that archives like those housed at Gerber/Hart are vitally important to the community.

“Chicago is pretty unique in its longstanding commitment to recording, preserving and interpreting the queer past,” Brier said. “And archives like Gerber/Hart are critical to that effort.”