Motilal Oswal Lists HDFC Life, SBI Life Shares As Its Top Pick In Life Insurance Space — Here's Why

HDFC Life aims to maintain a balanced product mix and gain a higher market share, focusing on geographical expansions and customer acquisition. SBI Life reported a strong performance during the quarter, with APE and VNB beating our estimates by 5% each. .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.During Q3 FY25, the life insurance industry witnessed APE growth of ~8% YoY, driven by ~22% YoY growth reported by private life insurers, while LIC witnessed a decline of ~17% YoY. For 9M FY25, the industry and private insurers grew 14% and 20% YoY, respectively. HDFC Life /ICICI Prudential Life /Max Life /SBI Life delivered better-than-industry growth of 12%/28%/13%/17% YoY. VNB performance was mixed for listed companies in Q3 FY25. While ICICI Life and SBI Life posted double-digit VNB growth of 19% and 11%, respectively, HDFC Life’s VNB growth was 9% YoY. VNB for Max Life was flat. For LIC, the decline in APE led to a 27% YoY fall in VNB. On a YoY basis, VNB margin for the industry remained under pressure due to a higher proportion of ULIPs in the product mix and the impact of revised surrender value regulations. However, changes in the commission payout structure and the realignment of prices of non-par products, along with declining bond yields, resulted in sequential margin improvements for few players. The shift in the product mix toward higher-margin non-linked products like non-par, annuity and protection can also contribute to VNB margin recovery. .Click on the attachment to read the full report:.'Buy' Federal Bank To Get An Upside Of 19%, Says IDBI Capital — Here's Why.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.

Motilal Oswal Lists HDFC Life, SBI Life Shares As Its Top Pick In Life Insurance Space — Here's Why

HDFC Life, SBI Life, LIC is a Buy for Motilal Oswal, Max Life gets 'Neutral' rating

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