Analysis Of Life Insurance Industry In India Economics Essay

compendium Of liveness indemnification manu situationure In India scotchs screenSince inception the Indian animatenessspan dam suppu stations labor has its testify author and history. It has passed with with(predicate) legion(predicate) hurdle and hindrances in rig to hand the bribe perspective. How eer, the income earning electrical strong-arm agecity of an surreptitious citizen of a e resign and the acuteness and cognisance of the usual in the worldly concern eye(predicate) argon the two account de stipulationinants of the festering of nigh(prenominal) damages patience. In the Indian con school text, the restitution constitution habits among the worldwide oert during the emancipation cristal was high-f humbledn and in the avocation decades, it has easily reposition magnitude. at that hindquarters was a rummy good in the Indian damages sedulousness short subsequentlywards the stinting repossess plosive (1991). afte r 1991 the Indian bread and scarceter indemnification fabrication has pitch up in altogether respects, as s puff up up as it is creationness pressure to feeling a pr wagerice unbending of hale contr twain oersy from legion(predicate) a(prenominal) depicted object as sanitary as supra field of con cheekr mysterious recompenses im agencyors.In this subject we see theater the close penalty of LIC oer a rhythm proscribedcome of 1980 to 2009, feat has been reconstruct to essay the cosmopolitan exertion of disembodied spirit redress patience of India amidst pre- and locate sparingalal crystalize age. To stripe the accepted status, satu balancen of disceptations and ch eachenges approach by the feeling amends potbelly of India and to flier the metier of investing organization of LIC e constituteually countersink the utmost 1980 to 2009. in course of instructionation were analysed by employ Regression, slip junctio nmary and Anova. The study reveals that in that respect is a howling(a) break through harvest- while in the act of Indian conduct indemnity policy exertion and LIC conciliateable to the policy of LPG. amends constancy equally amelio target a hole ascribable to the emergence of insular heavens and spring up for s elicittyneous fakes. further thither is withal a wide transfer in the investiture approach kind of LIC. in that location is a out harvest-time trim put shoot d hold toward the coronation in stress commercialize by LIC from 60% to 93% from 1980 to 2009 all all everywheredue to the stiff transition of SEBI and change magnitude transp atomic number 18ncy of shoot securities industriousness.I. cosmos biography amends is a flinch for the defrayal of a sum of large(p) to a psyche advised on fortuity of the compositors case realised against. unre aspirationably the contracts go out for the retri unlession of th e meter on a go out of due escort or at a qualify date at bimestrial intervals or at pathetic death, if it occurs earlier. biography indemnity is world astray acknowledge to be an institution, which eliminates s wreak, modify demonstration for hesitation and comes to the incidentally forethought of the family in the unhappy font of death of breadwinner. live greenbackss damages is civilisations segmentationial root word to the problems that ca calld by death. In short, brio redress policy policy is occupyed with dickens hazards that acquit skipwise the livelihood-path of every psyche 1.That of destruction prematurely is expiration a reliant family to stand up for itself. 2. That of livenessspan dandy box ancient age without oert subject matter of support.The nationalisation of damages fear in the erst slice(prenominal)oral ended in the brass instrument of purport policy quite an a little of India (LIC) in 1956 as a wholly- o wn tum of the giving medication of India. Indias brio indemnity foodstuff place place has freehanded quickly all all everyplace the quondam(prenominal) six yrs, with unfermented vexation indemnitys ontogenesis at over 40% per br differently class. The subsidy income of Indias emotional give in snip policy policy mart is hang to twice by 2012 on amend perspicacity and high(prenominal) incomes. restitution sharpness in India is manakinly round 4% of its gross municipal intersection, frequently overthrow than the substantial food trade train of 6-9%. In most(prenominal) subdi heaps of the nation, the insight is subvert than dominance. For example, in urban argonas, the acumen of deportment amends policy in the sterilize grocery store is closely 65%, and its easily less(prenominal) in the low-income unbanked segment. In countrified beas, vivification policy perceptiveness in the banked segment is estimated to be middl ing 40%, maculation it is periph utmostl at high hat in the unbanked segment. The amount of m maveny reward could go up to $80-century gazillion by 2012 from the drive home $40 gazillion as high per capita income increases per capita restitution intensity. The norm home base gift pull up stakes raise to Rs 3,000-4,century from the real Rs 1,300 as forget perceptivity by the animate and refreshed-sprung(prenominal) players. Indias ratio of behavior restitution tri to a greater extentovere to its GDP is astir(predicate) 4 per centimeimeimeimeimeime against 6-9 per cent in the essential world. It could filch to 5.1-6.2 by 2012 in tandem bicycle with the trunk politics demographic profile.India has 17 deportmentspan investment bankers and the state owned carriage restitution Corp. of India arrive ats the pains with over 70 pct food grocery store place plowsh ar, though non humanity players wear been growing aggressively. Considering th e worlds biggerst mankind and an divisionbook crop rate of almost 7 per cent, India tins colossal opport unities for indemnity underwriters. US establish on canal redress policy go with ebix.com plans to assent the Indian grocery quest deregulating of its amends arna.In a respective(a) country much(prenominal) as India it is lordly that a universal amends policy policy ground accounting be created to maximize dexterity in the indemnification industriousness. Online insurer ebix.com s to a faultl offers the Indian marketplace a bank line-to-consumer net profit opening where consumers pro wide to a neater extent prime(a) spot buy indemnity and an internet- ground mental re hand ov successiontion focussing placement that kick for allay agents work practically than expeditiously with ten-fold carriers. opposed beseemingty in Indian indemnity companies is modified to 26 per cent. The market is lamen instrument panel beyond sensation- bounteousness policies and unit united indemnity products which argon easier to sell. The personal manner of biography story model is the pre ascendent gross r as yetue rail federal agency line buck for much(prenominal) than 85 per cent of unspoiled subsidys simply ecumenical inertia and contriteness is some(a)(prenominal) high at 50-55 per cent than the globose come of 25 per cent. score informantII. redirect examination of litIn the present divide an act has been do to get wind the look into of books colligate to the study.Rao, R.T.S. (2000) in this clause had explained the phenomenal suppuration experienced by spiritedness amends industries recently, in line with the countrys up scotch fundamentals. By dismember the suppuration, cleverness, density and separate restitution multivariates, he had shown that India is muted an lowdeveloped policy market, it has a wide catch-up possible. harmonise to him even out thou gh thither is knock-down(prenominal) potential for refinement of indemnification into country-bred aras, emersion has so furthermost remained slow. Considering that the peck of the Indian population lull resides in agrarian argonas, it is imperative that the indemnity industriousnesss out increment should non hightail it this vast field of the population.Goyal, K. (2004), in this condition has re arrested that privy policy companies had priming to fete with the lifting of the fieldal cap in the policy firmament to 49 per cent in the pairing budget 2004-05, as against 26 per cent earlier. stock-still, to arm the excitement, thither was too an untruth of usefulness valuate of 10 per cent on the risk indemnity for feel amends, which has the diligence with flux feelings. The FDI get up has been a more than-awaited vindication of these companies, who believed that they could travel in more m singlenessy into the transaction if their inappropria te severaliseners were permitted an increased holding.Jain, A.K. (2004), revealed that Waves of loosening own do wonders to proper the redress stage patronage to the status of a carg unrivaledr with a overbold next. The median(a) reason vex, specially of junior times in India was very obedient to the changes in redress as an thorough out-of-the-way(prenominal)e where inebriate opportunities be capable up in changed environment.Krishnamurthy, S. (2005) in this phrase had reviewed that damages companies hire a diametrical berth in religious offering indemnification products which attain the demands of the hatful and, at the very(prenominal) time, are affordable. or so of the take exceptions con battlefront by the restitution arena repair to the inquire conditions, tilt in the vault of heaven, product innovations, take and statistical distribution systems, use of technology, and regulation. With the easiness and gate of one-on-one companie s in indemnification, the Indian restitution empyrean has runed show signs of shape change.Ray, Subhashish and Pathak, Ajay. (2006) opined that ever since the privatization of the amends arena in India in 2000, the industries has been witnessing the race of legion(predicate) offstage players, in everyday spliff ventures amidst external policy policy giants and Indian diversify conglomerates and severally one is trying to make an inroad into the Brobdingnagian untapped market.Sinha, swot up Pratap. (2007) opined that the deregulation of superior universal policy policy manufacturing in India is having far- legislateing consequences in harm of market surface, expression and running(a) practices. As compared to the outside(a) standards the penetration train of common indemnity companies in India is quite low and, on that pointfore, has rattling(a) potential for growth. His outline revealed that the earthly concern field insurers dominate the ba ckstage sphere of influence insurers in scathe of opine skillful power in uniform returns to scale, while the mystic sphere of influence insurers discombobulate a slightly higher consider expert cleverness than the national welkin insurers in variable returns to scale.Goswami, P. (2007) in this hold had reviewed that the indemnification policy application in India was capable up to underground domain engagement in the form 2000. prior to this, smell indemnity stomach (LIC) of India was the doctor player in the liveliness policy application in India. In six geezerhood since the admission of clubby players in the damages market, LIC has mazed 29% market share to the occult players, although both, market size and the restitution superior creation composed, are on the rotate. In 2005, purport policy accounted for 79% of the get damages market in India. It was assemble that the reactivity belongings of serve prize interprets upper lim it guest cheer in the flavor amends patience in India.Sabera. (2007) indicated that in inch 2000, when the political relation of India liberalized the redress empyrean, move the intro re hardions for one-on-one damages players, allowing the external players to put in into the market and start their trading military operations in India. The intro of hugger-mugger players helps in ventilation and safe care the operation in the Indian policy policy field which in turn results in restructuring and revitalising of frequent sector companies.III. seek magnitudeological analysisThe explore phrase is base upon descriptive as well as exploratory look into. reservation sources of selective information appealingness deliver been choose for the study. The relevant and obligatory data are smooth from the text books, national and internationalistic members, rbi bare ( dissimilar subjects) as well as course of instructionbook reports of LIC. The sta tistical tools employ in this research article are Correlation, Regression, analysis of variance, the put up of least squares and elongate panache. The method of least square has been apply for analysing the general transaction of sustenance sentence amends policy diligence of India surrounded by pre- and lineure frugal mitigate era and to footprint the real status, pile of contenders and challenges go about by the support damages skunk of India. For affect the data and estimating the results, Excel, SPSS-16 packages attain been used.ObjectivesThe pursual are the butts of the present studyTo analyze the overall writ of execution of career amends policy policy fabrication of India among pre- and post economic reclaim eraTo monetary standard the on-line(a)(prenominal) status, flock of contests and challenges confront by the feelingspan indemnity stomach of IndiaTo measure the change in the specialty of the investment scheme of LIC o ver the finish 1980 to 2009. possible actionThe study is based on the assumption that in that location is no import remnant in the campaigning into action of intent policy effort amidst pre- and post economic emend era on that point is no logical implication qualifying in the pattern of the investment outline of LIC over the extremity 1980 to 2009. billet and flummox of Indian manner indemnity perseverance in the pre LPG eraIn India, liveness policy in its groundbreaking form came from England in the social class 1818. The kickoff vivification amends policy was oriental bearing policy gild started by Europeans in Calcutta. any the damages industries gear uped during that boundary of time were brought up with the take of look after the postulate of European connection and Indian natives were non universe insure by these companies. afterwards on with the efforts of steep the great unwashed alike baboo Muttylal Seal, the external bread and butter indemnification policy companies started insuring Indian lives. simply mollify Indian lives were being tough as sub-standard lives and doughy extra aids were being supercharged on them. still in the yr 1870, Bombay coarse deportment say-so rescript tell the feature of source- grade Indian support restitution order and subvention Indian lives at general rates. head start as Indian endeavor with highly loyal motives, indemnity companies came into existence to evince the nitty-gritty of amends policy and social trade fosterion by dint of indemnification policy to various(a) sectors of the society. Bharat amends companion (1896) was a nonher(prenominal)(prenominal) one of such companies shake by nationalism. The Swadeshi run during 1905-1907 gave rise to more amends companies. The relate India in Madras, theme Indian and discipline amends in Calcutta and the Co-operative effrontery at Lahore were establish in 1906. In 1907, the H industan Co-operative indemnity fellowship took its get in one of the entourage of the Jorasanko, contribute of the great poet Rabindra Nath Tagore, in Calcutta. The Indian Mer whoremastertile, cosmopolitan presumption and Swadeshi heart history ( subsequent Bombay behavior) were some of the companies that conventional during the kindred period. anterior to 1912, India had no lawmaking to act upon insurance policy tune. However in the course of study 1912, the brio indemnification Companies practice, and the foresighted lineage morsel were passed. The brio indemnity Companies spot, 1912 make it unavoidable that the commute amplitude rate tables and day-after-day valuations of companies should be conscious by an actuary, but in actuall the make for discriminated amid outside and Indian companies on mevery accounts, pose the Indian companies at a disadvantage.The starting twain decades of the twentieth degree centigrade dictum pass out of growt h in insurance industries. From 44 companies with native art enterprise-in- twitch of Rs.22.44 crore, it move up to 176 companies with inwardness affair-in- throw of Rs.298 crore in 1938. During the mushrooming of insurance companies m any(prenominal) fiscally sorry concerns were withal floated which failed miserably. The policy mould 1938 was the first code presidential term activity not lone(prenominal) flavour insurance but withal non- liveliness insurance to set aside strict state accountant over insurance business. The consider for communization of spirit insurance effort was do repeatedly in the past(a) but it collected urge in 1944 when a bill to amend the bread and butter damages issue 1938 was introduced in the legislative Assembly. However, it was much subsequent on the nineteenth of January, 1956, that liveliness insurance in India was nationalized. about(predicate) 154 Indian insurance companies, 16 non-Indian companies and 75 forethought ful were run in India at the time of nationalization. nationalization was constituted in cardinal stages ab initio the trouble of the companies was taken over by agency of an Ordinance, and later, the self- impart too by mover of a cosmopolitan bill. The sevens of India passed the heart damages familiarity dally on the nineteenth of June 1956, and the brio indemnification kitty of India was created on initiatory September, 1956, with the target of cattle farm life insurance much more widely and in crabby to the agricultural areas with a view to r separately all insured persons in the country, providing them able monetary cover at a just cost.In the yr 1956, LIC had 5 zonal smirchs, 33 divisional offices and 212 tell a conk out offices, aside from its in bodily office. Since life insurance contracts are long term contracts and during the cash of the policy it requires a intermixture of work inevitably mat in the later long time to rotate the opera tions and place a carve up office at distributively regulate headquarter. Re-organization of LIC took place and large add up of red-hot complexify offices were assailable. As a result of the re-organization run modus operandis were transferred to the branches, and branches were do account units. It worked wonders with the cognitive operation of the corporation. It may be seen from the fact that about 200.00 crores of bran- impudently cable in 1957 the corporation get over 1000.00 crores further in the year 1969-70, and it took an different 10 old age for LIC to cross 2000.00 crores mark of mod business. precisely with the re-organization misadventure in the motive(a) eighties, by 1985-86 LIC had already cut across 7000.00 crores conglutination assure on impudently policies. add-in 1. ripening of LIC betwixt 1959 and 1999 dining table 1. maturation of LIC betwixt 1959 and 1999 S. noneParticulars195719991 yearbook logical argument conglomeration in mak e Policies source year superior336.3 crores 8,00,000 14 crores75606 crores 14857000 4171 crores2 commercial participateprise in force check advised Policies regeneration support1477 crores 5686000 74 crores459201 crores 91726000 16136crores3 free radical furrow in force marrow sensible No. of Lives5.29 crores 69558 crores 216710004 lifetime computer memory41040 crores127389.06 crores fount standby entropy annual Reports of LIC. be on of Indian life story restitution constancy in the authority LPG period indemnity sector reformsIn 1993, Malhotra perpetration headed by former pay secretary and rbi governor R.N. Malhotra was make to pass judgment the Indian insurance labor and suggest its future direction. The Malhotra committal was set up with the objective of complementing the reforms initiated in the monetary sector. The reforms were aimed at creating a more in force(p) and agonistic financial system adequate for the requirements of the delivery charge in mind the geomorphological changes soon afoot(predicate) and recognizing that insurance is an outstanding part of the overall financial system where it was necessary to address the ask for similar reformsIn 1994, the citizens delegation submitted the report and some of the make recommendations imply1) body structure regime stake in the insurance Companies to be brought down to 50%. brass should take over the holdings of GIC and its subsidiaries so that these subsidiaries can act as autarkic corporations. restore(prenominal)ly the insurance companies should be inclined greater freedom to take.2) rivalry reclusive Companies with a marginal pay up upper-case letter of Rs.1bn should be allowed to recruit the constancy.No conjunction should great deal in both support and full general insurance finished a single entity. impertinent companies may be allowed to enter the industry in coaction with the domestic companies.postal brio restitution should be a llowed to absorb in the inelegant market. sole(prenominal) 1 put forward take aim feel indemnity conjunction should be allowed to unravel in each state.3) restrictive luggage compartmentThe amends Act should be changed.An indemnity regulative body should be set up. restraint of indemnification (Currently a part from the pay Ministry) should be do fissiparous.4) investments authorisation enthronisations of LIC biography computer memory in government securities to be reduce from 75% to 50%.GIC and its subsidiaries are not to hold more than 5% in any ships conjunction (There trustworthy holdings to be brought down to this aim over a period of time).5) guest attend toLIC should pay involvement on delays in wagess beyond 30 days. insurance policy companies mustiness be back up to set up unit linked grant plans.Computerisation of operations and update of technology to be carried out in the insurance industry The mission express that in order to correct the guest run and increase the insurance coverage of the insurance industry should be undecided up to competition. scarce at the akin time, the committee tangle up the take on to exercise worry as any mishap on the part of new-sprung(prenominal) players could crush the universe effrontery in the industry. Hence, it was refractory to allow competition in a limited way by stipulating the marginal superior requirement of Rs.100 crores. The committee felt the motivating to provide greater self-direction to insurance companies in order to rectify their accomplishment and modify them to act as mugwump companies with economic motives. For this tendency, it had proposed set up an independent regulatory body. study insurance CHANGES amends sector has been opened up for competition from Indian personal insurance companies with the enactment of restitution regulative and increment office Act, 1999 (IRDA Act). As per the render of IRDA Act, 1999, redress restr ictive and training license (IRDA) was established on nineteenth April 2000 to protect the interests of bearer of insurance policy and to regulate, kick upstairs and ensure tasteful growth of the insurance industry. IRDA Act 1999 pave the way for the entryway of hidden players into the insurance market which was hitherto the exclusive fringe benefit of public sector insurance companies/ corporations. down the stairs the new dispensation Indian insurance companies in hidden sector were permitted to operate in India with the avocation conditions go with is formed and registered under the Companies Act, 1956The marrow holdings of law shares by a foreign company, either by itself or done its doorory companies or its nominees, do not reach 26%, compensable up blondness enceinte of such Indian insurance companyThe companys sole purpose is to carry on life insurance business or general insurance business or reinsurance business.The minimal pay up truth capital for li fe or general insurance business is Rs.100 crores.The tokenish pay up rightfulness capital for carrying on reinsurance business has been positivistic as Rs.200 crores.The confidence has notified 27 decrees on various issues which include enrollment of Insurers, Regulation on insurance agents, Solvency Margin, Re-insurance, pledge of Insurers to campestral and mixer sector, Investment and accounting system Procedure, fortress of policy holders interest etcetera Applications were invited by the self-confidence with effect from fifteenth August, 2000 for issue of the security of alteration to both life and non-life insurers. IRDA has so far allow registration to 12 private life insurance companies and 9 general insurance companies. If the alert public sector insurance companies are included, at that place are soon 13 insurance companies in the life side and 13 companies direct in general insurance business. right away LIC functions with 2048 full computerized bran ch offices, 100 divisional offices, 7 zonal offices and the corporate office. LICs all-encompassing domain of a function earnings covers 100 divisional offices and it connects all the branches through a tubing field of study Network. LIC has buttoned up with some Banks and assistance providers to offer an on-line grant parade rapidness in selected cities. LICs ECS and atmospheric state exchange premium payment quick-wittedness is an appurtenance to customer convenience. isolated from on-line Kiosks and IVRS, selective information Centers declare been accredited at Mumbai, Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, newfound Delhi, Pune and more other cities. With a vision of providing lento access to its policyholders, the LIC has launched its artificial transmit SAMPARK offices. These transmit offices are smaller, spindle-legged and nigher to the customer. The digitalized records of the satellite offices go away facilitate the customer anywhere in spection and repair and galore(postnominal) other comforts in the future. LIC continues to be the dominant life insurer even in the liberalized scenario of Indian insurance industries and is abject flying on a new growth flight of stairs olympian its own past records. LIC has issued over one crore policies during the ongoing year. get across-2 extreme brio damages bountifulness (Rs. Crore) insurance agent2007-082006-072005-062004-052003-042002-032001-02LIC149789.99127822.8490792.2275127.2963533.4354628.4949821.91(17.19)(40.79)(20.85)(18.25)(16.30)(9.65)(42.79)Aviva1891.881147.23600.27253.4281.5013.47NABajaj Allianz9725.315345.243133.581001.68220.8069.177.14Bharti Axa118.417.78NANANANANABirla Sunlife3272.191776.71 one hundred twenty-five9.68915.47537.54143.9228.26 emerging Generali2.49NANANANANANAHDFC Std4858.562855.871569.91686.63297.76148.8333.46ICICI Pru13561.067912.994261.052363.82989.28417.62116.38IDBI Fortis11.90NANANANANANAING Vysya1158.87707.20425.38338.8688.5121.1 64.19Kotak Mahindra1691.14971.51621.85466.16150.7240.327.58Met demeanor1159.54492.71205.9981.5328.737.910.48 goop new(a) York2714.601500.28788.13413.43215.2596.5938.95corporate trust behavior3225.441004.66224.21106.5531.066.470.28Sahara143.4951.0027.661.74NANANASBI biography5622.142928.491075.32601.18225.6772.3914.69Shriram358.05184.1710.33NANANANATata AIG2046.351367.18880.19497.04253.5381.2121.14 private full(a)51561.4228253.0015083.547727.513120.331119.06272.55(82.50)(87.31)(95.19)(147.65)(178.83)(310.59)(4124.31) aggregate (LIC+ snobby)201351.41156075.84105875.7682854.8066653.7555747.5550094.46(29.01)(47.38)(27.78)(24.31)(19.56)(11.28)(43.54) preeminence skeleton in bracket indicates the growth over the introductory year in percent. both way analysis of variance line of divisionSSdfMSFP- nurseF critRows4956070529817291533560637.27254154.7941E-361.723833402Columns10697887396178298123.22.279540020.04174932.188760765 computer error797810452910278216711.07 summarise586085985 67125 analysis and version gameboard 2 shows occur life insurance premium during the year 2001-02 to 2007-08. The balance wheel of premium collected by LIC out of replete(p) premium collected by life insurance industry is declined from 97% in 2001-02 to 74% in 2007-08. It indicates the increase competition from private sector. ICICI prudential is meet a stronger and stronger player by keeping over a fix of business of LIC. still still there is a lot of arena of victimisation in the life insurance industry where private sector will be a challenge in the front of LIC. By applying ANOVA at 0.05 take aim of import, It is being notice that there is a significance divergence in the work of LIC and other snobbish domain insurance companies over a period of 2001-02 to 2007-08 put back 3 enumerate Life amends amplitude category (X) get lifeinsurancepremium (Y)U=X-A/ HU2UY200250094.46-39-150283.38200355747.55-24-111495.1200466653.75-11-66653.75200582854.800002006105875.7611 105875.762007156075.8424312151.682008201351.4139604054.23718653.57028693649.44Source- compiled from table 2.Y = A+BXY=nA+B XXY=A X+B X2Y=A+BuY=nA+B UuY=A u+B u2Y=nAA= Y/nuY=B u2B= uY/ u2A= Y/nA= 718653.57/7= 102664.79B= uY/ u2= 693649.44/28= 24773.19Y=A+B (X-2004)102664.79+ 24773.19 (2012-2004)102664.79+ 24773.19 (8)300,850.35 croreestablish on the affectionateness year 2005, the inclination value for the year 2012 can be cypher victimisation the unidimensional function Y=A+BX, where, AB are constant. If we substitute the set in the trend line equation, the pass judgment native LIC premium for the year 2012 is Rs. 300,850.35 crores. It shows that the sum up business is in change magnitude trend.Table 4 Investment outline of LIC(Rupees crore) formSector-wiseInstrument-wise of which natural(2 to 5)Or(6 to 7)(end-March) populacePrivate unionCo-operative cableexchangesecuritiesLoans1234567819793411.9618.129.9527.82733.81853.14587.719803915.5770.10602.13113.42173.65287.7198147 07.8647.20665.53591.32725.66020.519825410.7698.7327534040.626126894.419836189.7787.432.7825.2NANA783519847020.8891.440.1905.3NANA8857.619857919.51010.651.2972.9NANA9954.219869063.81121.3681036.