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.
Nirmal Bang Report
Max Financial Services Ltd. reported total annual premium equivalent growth of 36% YoY in Q4 FY21 and 19.5% for FY21, significantly higher than industry.
The outperformance was led by better distribution, higher acquisition rate at Axis Bank Ltd. and expansion of the product suite.
The sales mix remains comfortable and reflects the management's product strategy, which is to focus on long-term insurance products.
Non-participating contribution will remain capped at 30-35% in an effort to keep a diversified product mix.
We are of the view that companies focusing on long-term insurance needs (risk of life and income) are on a structurally stronger growth path.
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 author entity 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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
