Life Insurance - Private Insurers Continue To Outperform In November; SBI Life Leads The Pack: Axis 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..Axis Securities Report.The private life insurance players continued to outperform the industry growth in November 2021 with new business premium/annual premium equivalent growth of 59/31% YoY and 38/13% month-on-month. The strong business growth momentum amongst the listed private players continued with SBI Life Insurance Company Ltd. leading the pack, closely followed by ICICI Prudential Life Insurance Company Ltd., HDFC Life Insurance Company Ltd. and Max Life. Overall, the life insurance industry regained its growth momentum, aided by robust performance by Life Insurance Corporation of India in Nov-21. While in H1 FY22, the life insurance players picked up momentum post an initial hiccup due to Covid 2.0 headwinds, the industry is likely to witness strong growth in H2 FY22. This will be driven by a revival in unit linked insurance plans, improvement in non-par pension, and annuity products. .Click on the attachment to read the full report:.DISCLAIMERThis 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.

Life Insurance - Private Insurers Continue To Outperform In November; SBI Life Leads The Pack: Axis Securities

Life Insurance - Private Insurers Continue To Outperform In November; SBI Life Leads The Pack: Axis Securities

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