Insurance Sector Update - Life Insurers Better Placed In Covid 2.0: ICICI Securities
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Insurance Sector Update - Life Insurers Better Placed In Covid 2.0: 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

Total private life insurer annual premium equivalent has grown by 26.7% in FY22-to-date led by Bajaj Allianz, HDFC Life Insurance Co., Max Life Ltd., ICICI Prudential Life Insurance Co. and SBI Life Insurance Co.

Tata AIA and Life Insurance Corp. of India total annual premium equivalent declined by 2.4% and 28.5% respectively.

SBI Life has been the leaders in individual annual premium equivalent with FY22 to-date annual premium equivalent growth of 64%.

While the growth percentage depend on the base, it can be concluded that private life insurers are significantly better placed to tackle the Covid 2.0 impact.

Click on the attachment to read the full report:

ICICI Securities Life Insurance Monthly June 21.pdf

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