BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
KRChoksey Report
In line with our expectations, SBI Life Insurance Company Ltd. performed relatively better than peers in new business premium collection with 3% YoY decline compared to 33.2% YoY decline reported by HDFC Standard Life Insurance Company Ltd., followed by ICICI Prudential Life Insurance Company Ltd. with a decline of 29.7% YoY.
Renewal premium growth was highest for SBI Life at 29% YoY followed by HDFC Life (up 24% YoY), while ICICI Prudential Life reported flat growth. SBI stood as a market leader with approximately 24% market share in New Business Premium, while HDFC Life and ICICI Prudential Life market share stood at approximately 21% and approximately12% respectively in Q1 FY21.
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