Life Insurance Tracker - Individual WRP For Private Players Grew 30% YoY In July 2024: Motilal Oswal

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.In July 2024, the individual weighted received premium for private players grew 30% YoY (a three-year compound annual growth rate of 16.6%), while for the industry growth was at 19% YoY (a three-year compound annual growth rate of 13%).Among listed players, individual weighted received premium for HDFC Life Insurance Company Ltd. showed a strong growth of 57.8% YoY. Max Life Insurance Company Ltd./ICICI Prudential Life Insurance Comp Ltd./Bajaj Allianz General Insurance Company Ltd. saw strong growth of 44.8%/40.4%/47.5% YoY. SBI Life Insurance Company Ltd. growth was relatively weaker at 20.8% YoY.Individual WRP for LIC remained flat YoY in July 2024 (versus a growth of 12.7% in June 2024).Insurance Regulatory and Development Authority of India has announced new regulations regarding surrender values, to be implemented from 1st October 2024. The product and commission construct could undergo significant changes, leading to volatility in premium growth for the rest of the fiscal year. Nevertheless, over the medium term, we believe these changes are favorable for customers and will bring back growth. SBI Life and HDFC Life are our preferred picks in the space..Click on the attachment to read the full report:.Hindustan Zinc Falls To Three-Month Low As Vedanta Offloads Stake.DISCLAIMERThis 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.

Life Insurance Tracker - Individual WRP For Private Players Grew 30% YoY In July 2024: Motilal Oswal

SBI Life and HDFC Life are the brokerages' preferred picks in the space.

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Life Insurance Tracker - Individual WRP For Private Players Grew 30% YoY In July 2024: Motilal Oswal

SBI Life and HDFC Life are the brokerages' preferred picks in the space.

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