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ICICI Securities Report
August 2020 numbers indicate a divergent trend between HDFC Standard Life Insurance Company Ltd., Max Life, Bajaj Allianz Life Insurance and Tata AIA who continue on growth recovery compared to muted performance by SBI Life Insurance Company Ltd. and Kotak Life and weak performance by ICICI Prudential Life Insurance Ltd.
Year-to-date, total annualized premium equivalent/individual annualized premium equivalent (APE) has thus grown by down 9%/down 5% for HDFC Life, 1%/1% for Max Life, 4%/9% for Bajaj Life and 21%/21% for Tata AIA.
Comparatively, year-to-date growth has been down17%/-25% for SBI Life and down 36%/down 42% for ICICI Life in total/individual APE.
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