Life Insurance Update – Strong Premium Growth Continues In August; Private Majors Outperform: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Total private life insurer annual premium equivalent has grown by 31%/42% YoY in FY22-to-date / August 2021.

Strong YoY growth in total APE in August was led by SBI Life Insurance Company Ltd. (55%), Bajaj Allianz (51%), ICICI Prudential Life Insurance Company Ltd. (30%), HDFC Life Insurance Company Ltd. (18%) and Max Life (8%).

Individual private insurer APE has grown 31%/39% YoY in FY22-to-date/Aug-21.

YoY growth in Aug-21 individual APE was led by SBI Life (67%) followed by Bajaj Allianz (53%), ICICI Life (34%), HDFC Life (27%) and Max Life (9% YoY).

SBI Life outperformed even on month-on-month basis with an individual APE growth of 10% in Aug-21 whereas HDFC Life witnessed decline of 1%.

Click on the attachment to read the full report:

ICICI Securities Life Insurance Monthly August.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
reporterwings Governmental News Finance News

Source link

Back to top button