ICICI Securities: Standalone Health Insurers Outperform
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ICICI Securities Report
September 2020 gross direct premium income dipped 4% YoY after three consecutive months of positive growth.
The dip could be due to large base of crop insurance in September 2019.
Monthly average run rate of crop GDPI in FY20 was Rs 27 billion and September 2019 saw GDPI of Rs 109 billion.
Standalone health insurers continue to witness robust GDPI growth of 38% and 28% YoY in FY21-to-date and September 2020 respectively.
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