Insurance Sector Update - 9% APE growth for private insurers in Jan’22 By ICICI Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/02/536329e363c9c2c08153f03bc0ef1d7f.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
9% APE growth for private insurers in Jan’22
Private life insurers reported 9% / 7% YoY growth in total / individual APE in Jan’22. YTD, both the parameters are up 27% YoY. Also, the number of policies issued by private insurers YTD has increased by 27% YoY.
* Performance in Jan’22: In terms of total APE, big YoY jump was reported by Bajaj Allianz (34%) and Tata AIA (38%) followed by Birla Sun Life (17%). Key insurers – HDFC Life (5%), SBI Life (7%) and IPRU Life (8%) – registered single-digit growth in total APE, while Max Life saw a sharp decline of 23% YoY. On the individual APE front too, similar trend was seen for key insurers. BALIC (36%) and Tata AIA (43%) reported strong surge, while SBI Life (8%) and HDFC Life (2%) witnessed single-digit growth. IPRU Life / Max Life’s individual APEs declined 7% / 23% YoY in Jan’22.
* SBI Life, BALIC and Tata AIA lead the pack in FY22-TD: SBI Life and Tata AIA reported >30% growth in individual/total APE, while BALIC witnessed >50% growth in individual/total APE in 10MFY22-TD.
To Read Complete Report & Disclaimer Click Here
For More ICICI Securities Disclaimer https://www.icicisecurities.com/AboutUs.aspx?About=7
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/03/6be634d29c3f030473b9bdcfec1a85a0.jpg)
Chemical Sector Update - Chemicals demand buoyant; Supply impediments persist By Emkay Global
![Financial Sector Update - RBI announced Covid 2.0 measures: Liquidity and credit support, ease stress through restructuring By ICICI Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/05/c0b05c9fe281ad7756416d4499847ec1.jpg)
![Consumer Sector Update: Letter to CEOs of Paint companies Do you want Grasim to succeed or fail By ICICI Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/04/0b274a8f23641385a50140b68aec308e.jpg)
![Consumer Goods Sector Update: KTAs from investor meetings with multi-brand FMCG distributor By Emkay Global Financial Services Ltd](https://portfolio.investmentguruindia.com/uploads/news/consumer durable sector_08.jpg)