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This Article is From Sep 09, 2020

ICICI Securities: Life Insurance - August 2020 Premium Growth Shows Divergent Trends

ICICI Securities: Life Insurance - August 2020 Premium Growth Shows Divergent Trends
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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.

ICICI Securities Report

August 2020 numbers indicate a divergent trend between HDFC Standard Life Insurance Company Ltd., Max Life, Bajaj Allianz Life Insurance and Tata AIA who continue on growth recovery compared to muted performance by SBI Life Insurance Company Ltd. and Kotak Life and weak performance by ICICI Prudential Life Insurance Ltd.

Year-to-date, total annualized premium equivalent/individual annualized premium equivalent (APE) has thus grown by down 9%/down 5% for HDFC Life, 1%/1% for Max Life, 4%/9% for Bajaj Life and 21%/21% for Tata AIA.

Comparatively, year-to-date growth has been down17%/-25% for SBI Life and down 36%/down 42% for ICICI Life in total/individual APE.

Click on the attachment to read the full report:

DISCLAIMER

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 brokerage 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.

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