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.
Dolat Capital Report
ICICI Prudential Life Insurance Company Ltd. reported a strong sequential growth with overall annual premium equivalent growing to Rs 14.7 billion in Q2 FY21 (up 78% QoQ, down 23% YoY) led by the pick-up in the savings business, which doubled sequentially to Rs 12.3 billion in Q2 FY21.
We expect the overall APE to decline by 21.5% YoY to Rs 58 billion and the savings APE to decline by 24% to Rs 47.7 billion for FY21.
Unit linked insurance plan portfolio has shown sequential improvement of approximately 95.3% and was Rs 7.01 billion during the quarter.
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