Nirmal Bang: ICICI Prudential Life - Strong Growth In Non-Linked Savings In Q2
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Nirmal Bang: ICICI Prudential Life - Strong Growth In Non-Linked Savings In Q2

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.

Nirmal Bang Report

ICICI Prudential Life Insurance Company Ltd. reported 22.9% YoY decline in annual premium equivalent at Rs 14.65 billion even as the overall business traction improved significantly on QoQ basis.

The savings APE was down 23.8% YoY due to a 45.1% YoY decline in linked APE.

Given the general risk aversion among consumers, demand for unit linked insurance plans has contracted over the last 12 months, but trends also suggest that traction in this segment has improved QoQ.

Click on the attachment to read the full report:

Nirmal Bang ICICI Prudential Life-Q2FY21 Result Update-28 October 2020.pdf

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