Life Insurance Sector Check - FY21 Likely To End With Positive Growth: Prabhudas Lilladher
A person filling SBI Life Insurance form. (Source: BloombergQuint)

Life Insurance Sector Check - FY21 Likely To End With Positive Growth: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

Life insurance new business for February 2021 on annual premium equivalent basis for the industry was strong at 19% YoY led by private insurers with growth of 24% YoY.

Drivers of this growth were largely a lower base and continued outperformance of certain players.

Month-on-Month growth was slow (despite slower January 2021 as well) at down 2% YoY with private insurers growing at approximately 2%.

Importantly year-to-date private insurers saw flattish growth, while last March 2020 saw decline in growth due to lockdown and should favour further growth to end FY21 with positive single digit growth.

Click on the attachment to read the full report:

Prabhudas Lilladher Life Insurance Sector Update.pdf

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