Nirmal Bang: Private Insurance Annual Premium Equivalent Up 14%; HDFC Life Strong, ICICI Prudential Getting Better
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Nirmal Bang: Private Insurance Annual Premium Equivalent Up 14%; HDFC Life Strong, ICICI Prudential Getting Better

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

Individual annual premium equivalent growth (YoY) for October 2020 was 10.7%.

Post turning positive in September 2020, growth was very strong in October 2020, partially because of a low base.

October 2019 had seen a 10.5% month-on-month drop in individual APE compared to a 4.8% decline in October 2020.

Private industry’s individual APE grew by 14.4% YoY in October-20 while LIC reported a growth of 6% YoY.

Click on the attachment to read the full report:

Nirmal Bang Life Insurance Monthly New Business - Oct 2020.pdf

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