BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Prudential Life Insurance Company Ltd. reported a sequential growth of 13.7% in overall annual premium equivalent, growing to Rs 16.7 billion in Q3 FY21 led by a pick-up in the savings business, up 14.3% YoY to Rs 14.1 billion.
On an annual basis, however, APE growth is still negative. We expect APE to be in the positive for Q4 on the back of rebasing arising from Covid-19 impact in March sales as well as strategic shift of ICICI Bank Ltd. in February 2020 towards protection and annuity as against traditional products.
Unit link insurance plans continued to show sequential recovery, up 20.7% QoQ to Rs 8.5 billion in Q3 FY21.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
