Premiums Remain On Strong Track For Private Life Insurers: ICICI Securities
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ICICI Securities Report
Private life insurers reported strong growth 24% / 19% in terms of total / Individual annual premium equivalent growth in Q4 FY21 over Q4 FY19.
While there was a base advantage, Q4 FY21 total / individual APE grew 34% / 40% YoY over Q4 FY20 for private insurers.
In terms of total APE growth, Tata AIA, Bajaj Allianz, HDFC Standard Life Insurance Company Ltd. and SBI Life Insurance Company Ltd. outperformed in Q4 FY21 over Q4 FY19 while Life Insurance Corporation of India and Birla Sunlife were laggards.
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