Max Financial Services - Bridging The Gaps: Motilal Oswal Initiates Coverage
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.
Motilla Oswal Report
Max Life Insurance has demonstrated resilient performance amid a difficult macro environment, delivering 10% year-to-date growth in new business annual premium equivalent versus a 3% decline for private peers, led by a shift in product mix towards protection and non-participating segments.
The management has increased its focus on the protection and Non-Par segments, with their share increasing to approximately 31% in FY20 from ~16% in FY17.
Both these segments would continue to deliver better than industry trends
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