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This Article is From Jan 10, 2022

India Life Insurance - Private Players' Individual WRP Grows 29% In December; LIC Grows By 6%: Motilal Oswal

India Life Insurance - Private Players' Individual WRP Grows 29% In December; LIC Grows By 6%: Motilal Oswal
People exercise on King’s Way boulevard flanked by the South Block of the Central Secretariat buildings. (Photographer: Ruhani Kaur/Bloomberg)

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.

Motilal Oswal Report

Private players' individual weighted received premium grew a strong 29.4% YoY in December 2021, while the industry posted a growth of 21.2%. In FY22-year-to-date, private players' Individual WRP grew 30% YoY (two-year compound annual growth rate of up 10.6%). The same for the industry grew 19.7% YoY (two-year CAGR of up 5%).

Life Insurance Corporation of India reported a modest 6.2% YoY growth (two-year CAGR of 5.1%; up 21.7% in November 2021) in individual WRP. In FY22 year-to-date, Individual WRP grew 5.2% YoY (two-year CAGR of down 3.1%).

We have seen a healthy pickup in growth over the past few months with Dec-21 continuing to witness healthy trends across most segments. We expect premium growth to see strong traction over FY22E, with a continued focus on non participating/annuity, while unit linked insurance plan will witness a gradual recovery

Click on the attachment to read the full report:

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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 author entity and do not represent the views of BloombergQuint.

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