Life Insurance - Individual Weighted Received Premium For Private Players Grew 22% YoY In June: 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.The individual weighted received premium for private players grew 22% YoY in June 2024 (a three-year CAGR of 18.7%). For the industry, individual WRP grew 18.9% YoY in June-24 (a three-year CAGR of 14.3%). For FY24, private players grew 8% YoY. Among listed players, HDFC Life Insurance Company Ltd. (including Exide merger) grew 34% YoY in June-24 (a three-year CAGR of 18.8%). SBI Life Insurance Company Ltd. grew 18.3% YoY in June-24. Max Life/ICICI Prudential Life Insurance Company Ltd. grew 22.2%/27.8% YoY, whereas Bajaj Allianz grew 35.2% YoY in June-24. Individual WRP for LIC grew 12.7% YoY in June-24 (versus a growth of 7.2% in May-24). For FY24, Individual WRP for LIC was flat YoY.IRDAI has announced new regulations regarding surrender values, to be implemented from October 01, 2024. The product and commission construct could undergo significant changes, leading to volatility in premium growth for the rest of the fiscal year. Nevertheless, over the medium term, we believe these changes are favorable for customers and will bring back growth. SBI Life and HDFC Life are our preferred picks in the space..Click on the attachment to read the full report:.Cement Q1 Results Preview - Demand Softens; Prices Remain Muted: 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.

Life Insurance - Individual Weighted Received Premium For Private Players Grew 22% YoY In June: Motilal Oswal

LIC’s Individual WRP grew 12.7% YoY; overall industry grew 18.9% YoY

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