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This Article is From Mar 09, 2021

Private Insurers’ Individual Weighted Received Premiums Grow 23% In February; LIC Reports 9% Growth: Motilal Oswal 

 Private Insurers’ Individual Weighted Received Premiums Grow 23% In February; LIC Reports 9% Growth: Motilal Oswal 
An insurance guide assists resident to sign up for a health insurance plan (Photographer Andrew Harrer/Bloomberg)

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.

Motilal Oswal Report

Private players' Individual weighted received premium (WRP) saw a strong rebound (23% YoY) in February 2021 (versus 7% YoY in January 2021), while the industry posted a 17.8% YoY growth and Life Insurance Corporation of India grew at 9.4% YoY.

The rebound in private players continued, led by a focus on Non-participating, with Unit Linked Insurance Plans seeing a recovery.

In FY21 year-to-date, private players' Individual WRP fell 1.6% YoY. The same for the industry fell 7.5% YoY.

We expect premium growth to rebound over FY22 after seeing tepid trends, with ULIP showing a revival. Players continue to focus strongly on Non-PAR and Protection segments.

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.

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