Insurance Tracker - Individual WRP For Private Players Grew 11.4% In December; LIC’s WRP Rose: Motilal Oswal

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.In December 2023, the Individual weighted received premium for private players grew 11.4% YoY (a three-year compound annual growth rate of 18.7% versus a decline of 1.3% YoY in November 2023). For the industry, Individual WRP grew 8.7% YoY in Dec-23 (a three-year CAGR of 13.8% vs. a decline of 3.8% YoY in Nov-23). Over April-Dec-23, private players grew 11.3% YoY.Among listed players, HDFC Life Insurance Company Ltd. (including Exide merger) reported a decline of 4.7% YoY in Dec-23 (a three-year CAGR of 15.4%). SBI Life Insurance Company Ltd. reported a strong growth of 19.6% YoY in Dec-23. Bajaj Allianz/Max Life/ICICI Prudential Life Insurance Company Ltd./Tata AIA reported YoY growth of 20.2%/15%/12.6%/16.7%. Life Insurance Corporation of India reported 2.1% YoY growth in Individual WRP (-8.7% in Nov-23). Over Apr-Dec-23, Individual WRP for LIC was flat YoY. After reporting a strong growth in March 2023, the industry witnessed a slowdown over Apr-Dec-23. The dip in performance can be attributed to a large number of customers purchasing insurance policies in March 2023, right before the implementation of budgetary changes. The growth momentum continues to be a key monitorable in FY24. We retain SBI Lfie as our preferred idea in the space..Click on the attachment to read the full report:.Zydus Lifesciences - Efforts Underway To Improve Growth Prospects For Key Markets: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Insurance Tracker - Individual WRP For Private Players Grew 11.4% In December; LIC’s WRP Rose: Motilal Oswal

Overall industry grew 8.7% YoY

NDTV Profit

NDTV Profit

Follow Us

DISCOVER US FASTER

DOWNLOAD THE APP