India Life Insurance - Private Players’ Individual WRP Grows By 23% In October: Motilal Oswal

India Life Insurance - Private Players’ Individual WRP Grows By 23% In October: Motilal Oswal

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Motilal Oswal Report

Private players’ Individual weighted received premium grew 23% YoY in October 2021 versus a 12.6% growth for the industry.

In FY22 year-to-date, private players’ Individual WRP grew 30.4% YoY (two-year CAGR of up 9.6%) versus 18.4% for the industry.

Among listed players, SBI Life Insurance Company Ltd. posted a strong growth in Oct-21. ICICI Prudential Life Insurance Company Ltd. grew 23% YoY versus a decline of 22% in October 2020.

HDFC Life Insurance Company Ltd. grew by ~21% YoY. Max Life posted a muted growth of 0.3% YoY.

Life Insurance Corporation of India reported a decline of 2% YoY in Individual WRP.

Click on the attachment to read the full report:

Motilal Oswal Life Insurance Sector Update.pdf
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