Life Insurance — FY24 Muted Year For Non-Par, But Fundamental Proposition Stays Intact: ICICI Securities

ICICI Securities Report

FY24 has been a challenging year for non-par with lower demand from multiple factors, coupled with margin challenges.

However, the core value proposition of guaranteed income over long-time period remains a structural opportunity. In this report, we illustrate:

1. Change in IRRs in CY24 for major players,

2. new product launches that can aid H2 FY24,

3. basic product variants within non-par,

4. different ways of mitigating the possible margin overhang from higher surrender value, and

5. details of forward rate agreement results for major life insurers.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit 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 NDTV Profit.

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