BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. 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 declined 5.8% in August 2020 (versus 7.1% decline YoY in July 2020).
The industry also posted decline of 2.3% YoY (versus 0.3% decline YoY in July 2020).
Overall decline has moderated from levels seen over March-May 2020, but was higher than July 2020 levels, largely attributed to slower growth in Life Insurance Corporation of India.
FY21 year-to-date, private players' individual WRP has declined 15.2% YoY; for the industry, it has dropped 10.1% YoY.
Among the listed players, HDFC Standard Life Insurance Company Ltd. and Max Life Insurance reported positive trends with growth of 14% YoY and 11% YoY, respectively.
On the other hand, SBI Life Insurance Company Ltd. posted decline of 14% YoY.
ICICI Prudential Life Insurance Company Ltd. also continues to witness pressure and reported decline of 29% YoY.
Mid-sized players reported mixed trends. Tata AIA and Bajaj Allianz reported growth of 34% and 13% YoY, while Birla Sun Life reported decline of 6% YoY. Kotak Life reported a flattish trend.
LIC continued to report a positive trend, albeit at a slower pace, led by 2.1% YoY growth in individual WRP (versus 9.6% YoY in July 2020). FY21 year-to-date, LIC's individual WRP has declined 3.1% YoY.
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