Life Insurance – Mixed Performance In August; Geared To Register Robust Growth Over The Long Term: Axis Securities

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

In August 2022, the life insurance industry witnessed a mixed performance in new business premium/annual premium equivalent growth with NBP/APE growing at 18.1/14.3% YoY but degrowing at 15.9/1.6% month-on-month.

NBP/APE de-growth on an month-on-month basis was largely on account of Life Insurance Corporation of India’s performance month-on-month.

The private players’ APE growth in Aug-22 at 0% YoY was quite lacklusture, though NBP growth on a YoY basis was reasonably strong at 15.2%.

For year-to-date FY23, NBP/APE grew by 44/33% YoY. The YTD growth on a YoY basis appears to be significant owing to the impact of the Covid 2.0 induced partial lockdowns and restrictions across geographies, which impacted growth for most of YTDFY22.

However, given the expected strong demand for protection, annuity and non-par products, we expect the growth momentum to continue going forward.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BQ Prime 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 BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.