Life Insurance Q2 Earnings Preview - Business Gaining Traction: KRChoksey
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KRChoksey Research Report
The insurance industry has seen a revival of growth in Q2 FY22E.
Since June 2021, we've seen a healthy rebound in sales, with positive trends across all the listed players in India.
We expect a pick-up in business momentum with improvement in overall segments for Q2 FY22E.
The industry has reported year-to-date annual premium equivalent growth of 17% YoY, which indicates a strong sales uptick.
Credit life products are expected to gain momentum.
The companies' new business premiums are expected to remain high due to strong trends in annuity and protection.
We expect the protection mix share to strengthen further. The unit linked insurance plan segment will continue to recover gradually.
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