India Life Insurance - Individual WRP For Private Players Grows 16% YoY In June: Motilal Oswal

An agent selling insurance products to customers. (Photographer: Brendon Thorne/Bloomberg).

India Life Insurance - Individual WRP For Private Players Grows 16% YoY In June: Motilal Oswal

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.

Motilal Oswal Report

Individual weighted received premium for private players grew 16.4% YoY in June 2021 (two-year compound annual growth rate of 4%; up 5% in May 2021), while the industry posted a growth of 10% YoY (two-year CAGR of 4.2%; down 9% in May 2021).

In Q1 FY22, Individual WRP for private players grew 26.3% YoY (two-year CAGR of down 1.4%).

The same for the industry grew 16.4% YoY (two-year CAGR of down 2.4%).

Life Insurance Corporation of India reported flattish growth (~1.4% YoY, two-year CAGR of 4.4%; down 22% in May-21) in Individual WRP.

Although the second Covid-19 wave and lockdown in key states impacted growth in May-21, we have seen a gradual pickup in June-21 across most players.

Click on the attachment to read the full report:

Motilal Oswal Life Insurance Sector Update.pdf


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