Life Insurance - Private Players’ Individual Weighted Received Premium Grows In September: Motilal Oswal
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Motilal Oswal Report
Private players’ individual weighted received premium reported growth of 35% YoY in September 2021 (two-year compound annual growth rate of 18.3%; up 39% in August 2021), and the industry posted growth of 30.2% YoY (two-year CAGR of 16.4%; up 19% in August).
In FY22 year-to-date, private players’ individual WRP has grown 31.8% YoY. The same for the industry has grown 19.6% YoY.
Among the listed players, SBI Life Insurance Company Ltd. posted strong growth of ~56% YoY in September and ICICI Prudential Life Insurance Company Ltd. grew 41% YoY.
HDFC Life Insurance Company Ltd. reported growth of ~20% YoY while Max Life posted modest growth of 7.5% YoY.
Life Insurance Corporation of India reported 22% YoY growth in individual WRP.
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