Strong Performance For Life Insurers In February: Anand Rathi  
A man filling out forms. (Photographer: Jim R. Bounds/Bloomberg)

Strong Performance For Life Insurers In February: Anand Rathi  

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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.

Anand Rathi Report

Life insurers’ registered strong February as people start making investments before the financial year ends in March.

Private-sector new-business premiums (NBP) grew 17% YoY; Life Insurance Corporation of India was up 24% YoY.

At end-Feb-21, NBPs amounted to Rs 224 billion (Rs185 billion a year prior).

The annual-premium equivalent (APE) for the private sector grew 20% YoY at end-Feb-21.

For LIC, the sole public entity, it grew marginally at 3% YoY.

At end-Feb-21, total APE was Rs 86 billion (Rs 77 billion a year prior).

Click on the attachment to read the full report:

Anand Rathi Insurance Sector Update.pdf

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