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Prabhudas Lilladher Report
Life Insurers are likely to see strong 37% YoY annual premium equivalent growth & 93% value of new business growth, given a low base for same period last year.
We expect margins to remain steady compared to FY21 levels, as mix still remain towards high margin products. Growth levels may vary across sectors, but two key themes likely to play out are-
highly favorable non-par savings product with lower rates on other asset classes and
subdued protection demand than last year's Covid-19 uncertainty and fear, but mix should be steady.
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