Motilal Oswal: LIC’s Individual WRP Jumps 10% YoY While Private Peers Log Decline

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. 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 (WRP) declined 7.1% in July 2020 (similar to the decline in June 2020) while industry posted muted decline of 0.3% YoY (versus down 1.4% YoY in June 2020).The overall decline has moderated considerably from the levels seen over March-May 2020. For FY21YTD, private players’ individual WRP declined 18.1% YoY while for the industry, it dropped 12.6% YoY.Amongst listed players, HDFC Standard Life Insurance Company Ltd. reported positive trend with growth of 12% YoY, Max Life witnessed modest decline of 2% while SBI Life Insurance Company Ltd. witnessed decline of 14% YoY. On the other hand, ICICI Prudential Life Insurance Company Ltd. remained under pressure and posted 36% YoY decline.Mid-sized players reported positive trends. Bajaj Allianz/Tata AIA posted 29%/18% YoY growth while Birla Sun Life/Kotak Life reported modest growth of 1% YoY each.Life Insurance Corporation of India continued to report positive trend with growth of 9.6% YoY (versus 7.5% YoY in June 2020) in individual WRP. During FY21YTD, LIC’s individual WRP declined 4.8% YoY..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Motilal Oswal: LIC’s Individual WRP Jumps 10% YoY While Private Peers Log Decline

Motilal Oswal: LIC’s Individual WRP Jumps 10% YoY While Private Peers Log Decline

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