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.
HDFC Securities Report
We like ICICI Prudential Life Insurance Company Ltd.'s re-engineered business model, which is focused on a more diversified product mix (increasing participating + non-participating) along with an increased protection share.
This is expected to drive margins higher by 405 basis points YoY in FY21E to 25.8%.
We expect value of new business to grow at FY21E-23E compound annual growth rate of 14.9%.
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