Life Insurance Sector Q4 Earnings Preview - Growth Returns, Margins Marginally Better: KRChoksey
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After a relatively weaker last quarter, growth is likely to have returned. Also, some of it is likely to be on account of a low base. Players are likely to have remained aggressive.
As per the Insurance Regulatory and Development Authority, the first two-month premiums have grown 4% sequentially and 12% YoY for the industry.
The same has grown 24% and 16% YoY respectively for private players.
We expect this to be driven by guaranteed and protection products. We expect unit linked insurance plan to remain slow albeit on a low base.
We expect Covid-19 claims to remain low, but the non Covid-19 claims to normalise.
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