India Life Insurance - Private Players’ Individual WRP Grows 29% In November: Motilal Oswal

India Life Insurance - Private Players’ Individual WRP Grows 29% In November: Motilal Oswal

People jog as Singapore flyer stands in the background in Singapore, on Sunday. (Photographer: SeongJoon Cho/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 grew 28.6% YoY in November 2021 (two-year compound annual growth rate of up 9.3%; up 23.4% in October 2021), while the industry posted a growth of 26% (two-year CAGR decline of down 8.1%; up 12.6% in Oct-21).

In FY22 year-to-date, private players’ Individual WRP grew 30.1% YoY. The same for the industry grew 19.4% YoY.

Among listed players, Max Life/SBI Life Insurance Company Ltd. posted a strong ~36%/30% YoY growth in Nov-21, while ICICI Prudential Life Insurance Company Ltd. posted a modest 13% YoY growth versus a decline of 31% YoY in Nov-20. HDFC Life Insurance Company Ltd. reported a muted growth of ~1.7% YoY.

Life Insurance Corporation of India reported a growth of 21.7% YoY (two-year CAGR of down 25.5%; down 1.9% in Oct-21) in Individual WRP.

Click on the attachment to read the full report:

Motilal Oswal Life Insurance Sector Update.pdf
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