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Update On : India Life Insurance By Motilal Oswal Financial Services Individual WRP for private players grows 55.7% YoY in Mar’23 LIC’s WRP rises 10.2% YoY; market share for private players expands to 68.1% * The individual weighted received premium (WRP) for private players grew 55.7% YoY in Mar’23 (up 18.2% YoY in Feb’23) aided by higher demand before the budgetary changes kick in from Apr’23. The same for industry grew 37.6% YoY in Mar’23 (up 10.5% YoY in Feb’23). For FY23, private players grew 24.2% YoY (at a...
Update On : India Life Insurance By Motilal Oswal Financial Services
Update On : India Life Insurance By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
21/04/2023 11:56:08 AM
Buy SBI Life Ltd For Target Rs.1,600 - Religare Broking Summary: SBI is largest private insurer in terms of market cap and also has the largest market share in terms of APE and VNB. It has lowest operating cost ratio amongst its peers and is constantly improving (9.9% in FY20 to 8.6% in FY22) mainly due to its operating efficiencies and low commission cost. Leveraging bank’s network: SBI Life leverages on SBI Bank as its bancassurance partner which gives it access to large customer base and also helps penetrating in underpenetrated market...
Buy SBI Life Ltd For Target Rs.1,600 - Religare Broking
Buy SBI Life Ltd For Target Rs.1,600 - Religare Broking
Source: Religare Broking
5/04/2023 3:44:45 PM
Buy SBI Life Ltd For Target Rs.1,600 - ICICI Securities Volume leadership continues to impress; Core ROEV likely to surpass 20% SBI Life Insurance Company (SBI Life) reported strong 9MFY23 performance with APE growth of 20% YoY, VNB growth of 44% YoY and VNB margin at 29.6% YoY. While there has been a sequential decline of 400bps in Q3FY23 margin due to increase in ULIP mix, we expect the overall business momentum to continue and result in a healthy core RoEV of more than 20% in FY23E/FY24E. Distribution advantage with the parent branch network...
Buy SBI Life Ltd For Target Rs.1,600 - ICICI Securities
Buy SBI Life Ltd For Target Rs.1,600 - ICICI Securities
Source: ICICI Securities Ltd
6/03/2023 10:57:18 AM
Buy SBI Life Ltd For Target Rs. 1,675- Emkay Global As good as it gets SBI Life continued to report strong performance in H1FY23 and surprised with its 31% VNB margin versus our 28.8%, driving VNB to Rs21.2bn, 8% ahead of our estimates. The slowdown in APE growth in Q2 was largely known and had a strong base effect. Going ahead, management remains confident of delivering robust growth with margins stable around current levels. We believe SBI Life is on the right track with its powerful distribution channels firing up and delivering better-t...
Buy SBI Life Ltd For Target Rs. 1,675- Emkay Global
Buy SBI Life Ltd For Target Rs. 1,675- Emkay Global
Source: Emkay Global Financial Services Ltd
28/10/2022 1:48:28 PM
Buy SBI Life Ltd For Target Rs. 1,710- Emkay Global Topnotch performance SBILIFE reported an impressive all-round performance in Q1FY23 with both growth and margins surprising positively. In terms of overall APE growth and retail protection APE growth, SBILIFE has bucked the trend of slowdown seen at peers. Driven by the exceptionally strong growth in non-par guaranteed saving products, VNB margins grew 6.7ppts YoY to 30.4%, while APE saw 79.0% YoY growth on a favorable base (3Y CAGR: 16.0%). The solid Q1 performance underscores the strengt...
Buy SBI Life Ltd For Target Rs. 1,710- Emkay Global
Buy SBI Life Ltd For Target Rs. 1,710- Emkay Global
Source: Emkay Global Financial Services Ltd
6/09/2022 2:01:24 PM
Buy SBI Life Ltd For Target Rs. 1,710 - Emkay Global Financial Services Ltd Topnotch performance SBILIFE reported an impressive all-round performance in Q1FY23 with both growth and margins surprising positively. In terms of overall APE growth and retail protection APE growth, SBILIFE has bucked the trend of slowdown seen at peers. Driven by the exceptionally strong growth in non-par guaranteed saving products, VNB margins grew 6.7ppts YoY to 30.4%, while APE saw 79.0% YoY growth on a favorable base (3Y CAGR: 16.0%). The solid Q1 performance underscores the strengt...
Buy SBI Life Ltd For Target Rs. 1,710 - Emkay Global Financial Services Ltd
Buy SBI Life Ltd For Target Rs. 1,710 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
1/09/2022 10:15:55 AM
LIC's embedded value estimated at Rs 5,414.9 billion  Asian life insurance giant, the Life Insurance Corporation of India on Thursday said its Indian Embedded Value (IEV) as on March 31, 2022 was Rs 541,942 crore. The embedded value in the case of a life insurance company is the current value of the company's future profits. According to LIC officials, the IEV has been determined at Rs 541,492 crore (Rs 5,414.9 billion) as compared to Rs 95,605 crore (Rs 956 billion) as on March 31, 2021 and Rs 539,686 crore (Rs 5,397 billion) as...
LIC's embedded value estimated at Rs 5,414.9 billion
LIC's embedded value estimated at Rs 5,414.9 billion
Source: IANS
14/07/2022 8:45:58 PM
Cancer care can be extremely expensive: Here's how you can mitigate the cost Cancer is an expensive disease to treat and manage. Aside from the emotional turmoil it brings with it, this master of all maladies is nearly always accompanied by a significant financial burden. Depending on the kind of cancer and the course of treatment adopted, the cost of cancer care can mount quickly, reaching as high as 30 lakhs. In some cases, it can go even higher. Aside from the expenses associated with cancer care itself, there are several other costs involved, such as diagnostic...
Cancer care can be extremely expensive: Here's how you can mitigate the cost
Cancer care can be extremely expensive: Here's how you can mitigate the cost
Source: PNB Metlife
17/03/2022 11:29:49 AM
Coping with Cancer and Staying Financially Ready to Treat It Serious health problems can develop unexpectedly, upsetting your normal course of life. Our way of life and stress-induced issues make us more vulnerable to many serious diseases at any age. One such illness is cancer. According to the National Institute of Cancer Prevention and Research (NICPR), about 2.25 million Indians live with cancer and over 1.1 million new patients are registered every year. With more than 200 different types of cancer, treatment differs for each individual; howeve...
Coping with Cancer and Staying Financially Ready to Treat It
Coping with Cancer and Staying Financially Ready to Treat It
Source: PNB Metlife
27/01/2022 12:30:55 PM
Evolution of Health Insurance Sector in India The health insurance sector in India has come a long way. It spans over 50 years - and is one of the biggest industries in India. The need for health insurance arose from the high mortality rate and inadequate resources in the post-independence era. The government came up with health insurance to make healthcare more accessible and affordable to the Indian population. However, a large number of Indians remain uninsured. It is important to understand how the health insurance sector has evolved...
Evolution of Health Insurance Sector in India
Evolution of Health Insurance Sector in India
Source: PNB Metlife
27/01/2022 12:28:34 PM
Why is it Important to Have a Health Insurance Policy in 2021? One thing that the year 2020 taught is that health is the number one priority. Even though everyone predicted the pandemic to be over by 2021, unfortunately, it has followed us towards the end of 2021. However, there is hope now. India’s vaccination drive is considered one of the largest in the world. And, as the country continues to strive to beat the COVID-19 pandemic, it is important to reiterate the need for protecting your health. A health emergency could arise at any time. It i...
Why is it Important to Have a Health Insurance Policy in 2021?
Why is it Important to Have a Health Insurance Policy in 2021?
Source: PNB Metlife
27/01/2022 12:22:40 PM
General insurers log Rs 17,679 crore premium in October Indian non-life insurance segment closed last month on a positive note with a total premium of Rs 17,679.98 crore, said Insurance Regulatory and Development Authority of India (IRDAI). According to IRDAI, the 31-non-life insurers had earned a premium of Rs 17,679.98 crore last month up from Rs 15,906.71 crore earned in October 2020. Government owned The New India Assurance Company Ltd led the industry earning Rs 2,705.84 crore followed by ICICI Lombard General Insurance Company Ltd with...
General insurers log Rs 17,679 crore premium in October
General insurers log Rs 17,679 crore premium in October
Source: IANS
10/11/2021 3:00:04 PM
Life Insurance Sector Update - Individual WRP for private players grows ~16% YoY (two-year CAGR of 4%) in June 21 By Motilal Oswal Individual WRP for private players grows ~16% YoY (two-year CAGR of 4%) in Jun’21 LIC grows ~1% YoY (two-year CAGR of 4.4%), market share of private players grows ~59% over 1QFY22 * Individual weighted received premium (WRP) for private players grew 16.4% YoY in Jun’21 (two-year CAGR of 4%; +5% in May’21), while the industry posted a growth of 10% YoY (two-year CAGR of 4.2%; -9% in May’21). In 1QFY22, Individual WRP for private players grew 26.3% YoY (two-year CA...
Life Insurance Sector Update - Individual WRP for private players grows ~16% YoY (two-year CAGR of 4%) in June 21 By Motilal Oswal
Life Insurance Sector Update - Individual WRP for private players grows ~16% YoY (two-year CAGR of 4%) in June 21 By Motilal Oswal
Source: Motilal Oswal Financial Services
6/08/2021 10:52:58 AM
LIC Chairman Kumar's term extended The Central Government on Wednesday extended Life Insurance Corporation of India (LIC) Chairman M.R. Kumar's term till March 13, 2022. He was set to retire on June 30, 2021. According to the order, Kumar's term is extended till 13.3.2022, the date on which he completes three years as LIC Chairman or until further orders, which ever is earlier. Kumar's tenure extension comes in the wake of the central government deciding to dilute some portion of its holding in the LIC. ...
LIC Chairman Kumar's term extended
LIC Chairman Kumar's term extended
Source: IANS
9/06/2021 4:54:47 PM
Fresh recruitment or merger of offices needed for PSU non-life insurers With the merger of the three public sector non-life insurers shelved and with large scale retirements to happen, it is time for fresh hiring by them, said senior industry officials. If recruitment is not possible, then the other option is to merge the offices --divisional/branches -- and save on rental outgo and rebalance staff deployment, they added. The central government a couple of years ago announced the merger of three general insurers viz., National Insurance Company Ltd, Orienta...
Fresh recruitment or merger of offices needed for PSU non-life insurers
Fresh recruitment or merger of offices needed for PSU non-life insurers
Source: IANS
9/06/2021 2:51:30 PM
Ahead of privatisation, govt non-life insurers see employee attrition The government-owned non-life insurers are witnessing the exit of a sizeable number of their employees owing to retirement as well as voluntary retirement due to a combination of factors – personal as well as the possibility of privatisation, said a top leader of General Insurance Employees All India Association (GIEAIA). The government is planning to sell off about 50 per cent stake in one of the three non-life insurers viz National Insurance, United India and Oriental Insurance Com...
Ahead of privatisation, govt non-life insurers see employee attrition
Ahead of privatisation, govt non-life insurers see employee attrition
Source: IANS
6/06/2021 9:32:13 AM
Benefits of Single Premium Life Insurance and life insurance tax benefits Have some money lying around idle and don’t want the hassle of regularly paying premiums? Then the single premium life insurance is just the insurance policy you should opt for. As the name suggests, under the single premium life insurance you are required to pay a lump-sum amount of money into the insurance policy in exchange for a death benefit that is valid for the policy tenure. In simple words, it is a “fill it, close it and forget it” kind of policy where once the paym...
Benefits of Single Premium Life Insurance and life insurance tax benefits
Benefits of Single Premium Life Insurance and life insurance tax benefits
Source: PNB Metlife
19/04/2021 4:19:05 PM
Get income tax deduction on life insurance premium paid for adult children Life insurance premium: A Tax-Saving Mechanism One of the significant benefits of life insurance is the tax benefit on the premium paid each year, in addition to the tax exemption on the maturity amount paid out to the beneficiaries. We often look at life insurance premium as a tax-saving tool. The premium amount paid towards life insurance policies qualifies for deduction under Section 80C, up to a maximum of Rs 1.5 lakh a year. The gross total income gets reduced by the premium amount and...
Get income tax deduction on life insurance premium paid for adult children
Get income tax deduction on life insurance premium paid for adult children
Source: PNB Metlife
19/04/2021 3:36:42 PM
Life Insurance Surrender - Is it the best Option? - PNB MetLife There are times when you are faced with a situation where liquidating your assets seems like the best option available. This might be due to a financial emergency, while in other cases you may receive a more lucrative investment offer which makes you relook at your existing portfolio of investments. However, when exiting a life insurance policy, one must consider certain critical factors before making any hasty decisions. It is important to understand that life insurance is prima...
Life Insurance Surrender - Is it the best Option? - PNB MetLife
Life Insurance Surrender - Is it the best Option? - PNB MetLife
Source: PNB Metlife
19/04/2021 2:52:58 PM
Life Insurance Calculators - To Make the Most Out of Your Insurance Life Insurance is always taken as a last resort, as a ‘when-all-else-fails’ deal. Seeing as how you won’t be around to lend your family a hand when this piggy bank is broken, you have to be absolutely certain as to the amount to which you have to be insured for the policy to be of maximum effectiveness. Life Insurance Calculators can be of benefit here. Life Insurance Calculators help zero in on the most viable insurance policy, depending on how accurate your predict...
Life Insurance Calculators - To Make the Most Out of Your Insurance
Life Insurance Calculators - To Make the Most Out of Your Insurance
Source: PNB Metlife
19/04/2021 1:20:35 PM