Private Insurers Report 8% YoY Growth In Annual Premium Equivalent In January: ICICI Securities

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ICICI Securities Report

January individual annual premium equivalent / total APE for private life insurers came in at Rs 45 billion / Rs 52 billion, up 7% / 8% YoY.

On YoY basis, individual APE / total APE for HDFC Life Insurance Company Ltd., Max Life, SBI Life Insurance Company Ltd. and Bajaj Alliance grew 24% / 21%, 15% / 12%, 1% / 2%, and 32% / 28%, while ICICI Prudential Life Insurance Company Ltd. reported decline of 7.3% / 3% YoY respectively.

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