BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
HDFC Standard Life Insurance Company Ltd. reported a strong set of numbers with gross written premiums increasing 35% YoY to Rs 102 billion in Q2 FY21.
Renewal premium collection continued to be strong, up 21% YoY to Rs 43 billion.
Annual premium equivalent growth was robust at 21% YoY to Rs 21.4 billion driven primarily by the savings business, which grew 27% YoY to Rs. 18.9 billion.
We expect HDFC Life to continue to outpace the private players going forward.
Growth in the savings portfolio was led by the Sanchay Par product which saw strong demand through the bancassurance and agency channel.
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