Private Insurers’ Individual Weighted Received Premium Grows 3% YoY In December; LIC Reports 4%  Growth: Motilal Oswal
An applicant fills out an application form (Photographer Shiho Fukada/Bloomberg)

Private Insurers’ Individual Weighted Received Premium Grows 3% YoY In December; LIC Reports 4%  Growth: Motilal Oswal

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.

Motilal Oswal Report

Individual weighted received premium for private players grew 3% YoY in December 2020 (versus a 7.1% YoY decline in November 2020), in line with the industry, which posted a growth of 3.4% YoY (versus a 33% YoY dip of in Nov-20).

The industry continues to display a positive trajectory after witnessing a decline due to Covid-19, led by a focus on protection and non-participating segments.

For FY21 year-to-date, individual WRP for private players declined 5.8% YoY. The same for the industry dropped by 7.9% YoY.

Life Insurance Corporation of India reported a growth of 4.1% YoY (versus a 54.3% YoY dip in November 2020) in Individual WRP.

Click on the attachment to read the full report:

Motilal Oswal Life Insurance Sector Update.pdf

DISCLAIMER

This 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 author entity 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.