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This Article is From Jul 08, 2022

India Life Insurance - Individual WRP For Private Players Grows 22% In June; LIC Grows By 21%: Motilal Oswal

India Life Insurance - Individual WRP For Private Players Grows 22% In June; LIC Grows By 21%: Motilal Oswal

India Life Insurance - Individual WRP For Private Players Grows 22% In June; LIC Grows By 21%: Motilal Oswal
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BQ Prime'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 BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

The Individual weighted received premium for private players grew 22% YoY in June 2022 (a three-year compound annual growth rate of 9.7%, up 96% in May 2022).

YoY growth moderated on account of a low base in May-21, which saw muted volumes due to the lockdown on account of the second Covid-19 wave.

Among listed players, SBI Life Insurance Company Ltd. posted an impressive growth of 41.9% YoY in June-2022 (a three-year CAGR of 14.9%), while all others were weak.

HDFC Life Insurance Company Ltd. reported a 6.3% YoY growth (a three-year CAGR of 0.9%).

ICICI Prudential Life Insurance Company Ltd. posted a decline of 2.9% YoY (a three-year CAGR of -7.8%). Max Life too reported a decline of 1.8% YoY (a three-year CAGR of 9.3%).

Life Insurance Corporation of India reported a growth of 21.2% YoY (a three-year CAGR of 9.7%, up 65.1% in May-22) in Individual WRP. The three-year CAGR is similar to private players in aggregate.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BQ Prime 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 BQ Prime.

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

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