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Life Insurance - Private Players’ Individual Weighted Received Premium Grows In September: Motilal Oswal

Life Insurance - Private Players’ Individual Weighted Received Premium Grows In September: Motilal Oswal

Pedestrians wearing protective masks walk across a road in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
Pedestrians wearing protective masks walk across a road in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

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

Private players’ individual weighted received premium reported growth of 35% YoY in September 2021 (two-year compound annual growth rate of 18.3%; up 39% in August 2021), and the industry posted growth of 30.2% YoY (two-year CAGR of 16.4%; up 19% in August).

In FY22 year-to-date, private players’ individual WRP has grown 31.8% YoY. The same for the industry has grown 19.6% YoY.

Among the listed players, SBI Life Insurance Company Ltd. posted strong growth of ~56% YoY in September and ICICI Prudential Life Insurance Company Ltd. grew 41% YoY.

HDFC Life Insurance Company Ltd. reported growth of ~20% YoY while Max Life posted modest growth of 7.5% YoY.

Life Insurance Corporation of India reported 22% YoY growth in individual WRP.

Click on the attachment to read the full report:

Motilal Oswal Insurance Sector Update.pdf

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