Anand Rathi: Life Insurers See Reasonable Performance In November; Higher Base Effect, Festival Season Weigh

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..Anand Rathi Report.Life insurers, which had been registering strong business growth in the last few months, had a lukewarm November.Private-sector new-business premiums declined 5% YoY; Life Insurance Corporation was down 36% YoY. At the end of November 2020, total NBPs amounted to Rs 192 billion (Rs 262 billion a year prior).The annual-premium equivalent for the private sector declined 6% YoY at the end of November 2020.For LIC, the sole public entity, it plunged 64% YoY. At end-November 2020, total APE was Rs 70 billion (Rs 128 billion a year prior).Toward end-2019, LIC announced the closure of a few insurance policies; hence, its sales were high in the corresponding month of 2019..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Anand Rathi: Life Insurers See Reasonable Performance In November; Higher Base Effect, Festival Season Weigh

Anand Rathi: Life Insurers See Reasonable Performance In November; Higher Base Effect, Festival Season Weigh

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