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.
Nirmal Bang's IPO Report
Life Insurance Corporation of India is the largest life insurance company in India and the sole public sector player. The company enjoys a market share of 64% (in terms of premium) and has assets under management of Rs 396 trillion, more than 3.3 times of all private players combined.
Till now, LIC has focused largely on par products which accounts for more than 92% of the total business. However, the company has been increasing its share of unit linked insurance plans and non-par business.
Going forward, the company has stated it would be focusing strongly on the non-par segment, particularly on term life protection.
Currently, the share of individual non-par products is low at ~5.1%. As the share of non-par products increase, we believe there is good room for margin expansion.
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