Insurance Sector Check - Life Insurers Now Better Prepared To Tackle Covid-19 Impact: ICICI Securities
People wearing protective mask exercise at College Square in Kolkata, India (Photographer Arko Datto/Bloomberg)

Insurance Sector Check - Life Insurers Now Better Prepared To Tackle Covid-19 Impact: ICICI Securities

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

Unlike FY21, life insurers are now better placed to tackle the Covid-19 impact.

As such, life insurers witnessed strong YoY growth in April 2021 on the weak base of April 2020.

Total / individual annual premium equivalent grew 80% / 90% YoY in April-21.

In April-21, SBI Life Insurance Company Ltd. / Bajaj Allianz / ICICI Prudential Life Insurance Company Ltd. / HDFC Life Insurance Company Ltd., Max Life reported growth of 115% / 81% / 88% / 65% / 95% / 102% in terms of total APE and 263% / 92% / 65% / 75.4% / 96% / 121% in terms of individual APE, respectively.

Click on the attachment to read the full report:

ICICI Securities Life Insurance Monthly.pdf

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