Private Insurers Report 8% YoY Growth In Annual Premium Equivalent In January: ICICI Securities
An insurance guide assists resident to sign up for a health insurance plan (Photographer Andrew Harrer/Bloomberg)

Private Insurers Report 8% YoY Growth In Annual Premium Equivalent In January: ICICI Securities

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.

ICICI Securities Report

January individual annual premium equivalent / total APE for private life insurers came in at Rs 45 billion / Rs 52 billion, up 7% / 8% YoY.

On YoY basis, individual APE / total APE for HDFC Life Insurance Company Ltd., Max Life, SBI Life Insurance Company Ltd. and Bajaj Alliance grew 24% / 21%, 15% / 12%, 1% / 2%, and 32% / 28%, while ICICI Prudential Life Insurance Company Ltd. reported decline of 7.3% / 3% YoY respectively.

Click on the attachment to read the full report:

ICICI Securities Life Insurance Monthly .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.