SBI Life’s Business Momentum Remains Strong, Valuations Looks Attractive: ICICI Securities
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ICICI Securities Report
There is possible volume traction in life insurance companies as evinced by premium sales in the months of December 2020, January-February 2021.
There will be growth levers ahead which include -
1. revival of traditional bancassurance channels (new tie-ups will become productive), which were subdued due to Covid-19,
2. opening of medical tests for protection,
3. revival of unit-linked insurance plan sales with broad market performance and
4. weak base of H1 FY21.
In most of these parameters, SBI Life Insurance Company Ltd. is better placed among peers.
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