Life Insurance - Strong Growth Momentum In Premiums As Well As Number Of Policies In Nov: ICICI Securities

Life Insurance - Strong Growth Momentum In Premiums As Well As Number Of Policies In Nov: ICICI Securities

People wearing protective mask exercise at College Square in Kolkata, India (Photographer Arko Datto/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.

ICICI Securities Report

Private life insurers reported robust growth of 34% / 28% YoY and 14.5% / 6.8% month-on-month in November 2021 in terms of total annual premium equivalent / individual APE.

Year-to-date, individual / total APE for them is up 30% each. Thus, despite the two Covid-19 waves, premium growth remains on a strong trajectory.

Number of policies for all insurers has also grown by a robust 10% in FY22-to-date.

Click on the attachment to read the full report:

ICICI Securities Life Insurance Monthly Dec21.pdf
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