Life Insurance Q2 Preview - APE Growth To Be Moderate; VNB Margins Will Continue To See Improvement: KRChoksey

We believe the life insurance sector is a good bet from a long-term investment perspective.

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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. 

KRChoksey Research Report

In FY23E, the life insurance companies will continue to focus on the non-Par, annuity and protection segment for growth. The concentration of unit linked insurance plan is expected to be slightly lower for a few players considering their strategic growth plans.

ULIP and retail protection segments see a healthy recovering trend from H2 FY23E.

Given the long-term structural opportunity, we remain bullish on the life insurance sector. We believe the life insurance sector is a good bet from a long-term investment perspective. The average price/enterprise for 2024E is 2.0 times, compared to a historical average of 3.5 times.

Click on the attachment to read the full report:

KRChoksey Life Insurance Sector Preview Q2FY23 Earnings Preview.pdf
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