Life Insurance Premium Sees Marginal Change In June, Points To Growth Normalisation: CareEdge

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..CareEdge Research Report.The first-year premium of life insurers rose to Rs 31,255 crore in June 2022 from Rs 30,009 crore in June 2021, exhibiting a YoY growth rate of 4.1%, which is in line with the growth rate of 4% reported in June 2021. The growth can be attributed to individual premiums while a decrease in group single premiums marginally offset this growth. The first two months of this fiscal (April and May) had the sector reported significant growth numbers given the low base in the last year (given the Covid second wave related lockdown). Meanwhile, the Q1 FY23 first-year premium numbers grew by 39.7%. After the listing of LIC, over 80% of the Q1 FY23 new business premium comes from directly listed entities. The Q1 FY23 growth can be attributed to an increase in group single premiums, and by a low base, which saw subdued levels due to the pandemic-induced (Covid-19 second wave) lockdowns..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Life Insurance Premium Sees Marginal Change In June, Points To Growth Normalisation: CareEdge

Life Insurance Premium Sees Marginal Change In June, Points To Growth Normalisation: CareEdge

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