ICICI Securities: Private Life Insurers’ Annual Premium Equivalent Remains At Rs 4,000 Crore In November
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ICICI Securities Report
On YoY basis, individual annual premium equivalent / total APE for HDFC Standard Life Insurance Company Ltd. and Max Life grew 20.4% / 10.2% and 7.5% / 7.9% respectively while SBI Life Insurance Company Ltd., ICICI Prudential Life insurance Company Ltd. and Bajaj Alliance reported decline of 5.7% / 2.5%, 31% / 25%, 5.4% / 12.6% YoY respectively.
Growth has been led Max Life (8.6% / 9.1%) followed by HDFC Life (4.7% / 9.2%) and Bajaj Alliance 3.7% / 7% while SBI Life and ICICI Prudential Life witnessed decline of 8% / 14% YoY and 28.9%/ 34.9% YoY.
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