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ICICI Securities Report
September witnessed strong growth for private life insurers (up 13% YoY and 28% month-on-month in terms of total annual premium equivalent) with powerful performance by HDFC Standard Life Insurance Company Ltd., Max Life, Tata AIA and Bajaj Life, in that order.
SBI Life Insurance Company Ltd. exhibited highest month-on-month growth amongst large insurers in terms of individual as well as total APE.
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