Strong February For Private Life Insurers; Growth Levers Ahead: ICICI Securities

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..ICICI Securities Report.Despite Covid-19 impact, annual premium equivalent growth has recovered well for most private insurers.Total APE for 11 months-FY21 to-date has now grown by 7.8%, (down) 0.3%, (down) 21.8%, 14.8%, 12.4% and 15.4% for HDFC Life Insurance Company Ltd., SBI Life Insurance Company Ltd., ICICI Prudential Life Insurance Company Ltd., Bajaj Allianz, Max Life and Tata AIA, respectively.Some of the positive triggers going ahead could be -1. revival of traditional bancassurance channels, which were subdued due to Covid-19,2. opening of medical tests for protection sales,3. revival of unit linked insurance plan sales with broad market performance and4. weak base of H1 FY21..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Strong February For Private Life Insurers; Growth Levers Ahead: ICICI Securities

Strong February For Private Life Insurers; Growth Levers Ahead: ICICI Securities

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