LIC, Private Life Insurers - Strong March On A Lower Base: Anand Rathi 
A person fills out an application form. (Photographer: Shiho Fukada/Bloomberg)

LIC, Private Life Insurers - Strong March On A Lower Base: Anand Rathi 

Bookmark

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.

Anand Rathi Report

Life insurers registered an extremely strong March with people investing in insurance products during the last month of FY21.

Private-sector new-business premiums grew 84% year-on-year; Life Insurance Corporation of India was up 65% YoY.

At end-March 2021, NBPs amounted to Rs 434 billion (Rs 254 billion a year prior).

The annual-premium equivalent for the private sector grew 89% YoY at end-March 2021.

For LIC, the sole public entity, it doubled YoY. At end-March 2021, total APE was Rs 163 billion (Rs 84 billion a year prior).

Click on the attachment to read the full report:

Anand Rathi Insurance Sector Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.