#LifeInsurance sector presents a structural growth opportunity, expect higher growth in value of new business, says CLSA; adds, initiating SBI Life at outperform; maintain positive view on sector

#May#LifeInsurance Data | Life insurance industry may premium down 4% (YoY); 2MFY24 premium down 15% (YoY)

#May#LifeInsurance Data | #LIC May premium down 11% (YoY); 2M FY24 premium down 28% (YoY)

#May #LifeInsurance Data | ICICI Prudential Life Insurance May premium down 19% (YoY); 2M FY24 premium down 18% (YoY)

#May#LifeInsurance Data | SBI Life Insurance May premium up 58% (YoY); 2M FY24 premium up 36% (YoY)

🔴 May Retail #APE up 8% (YoY); gains market share of 243 bps in FY24

#LifeInsurance's total premium up 22% year-on-year at Rs 32,644 crore in August.

#NewsFlash | #LifeInsurance November Business Data👇

👉Life Insurance Industry

-November Premium Down 4.5% (YoY)
-8MFY25 Premium Up 16% (YoY)

#NewsFlash | #LifeInsurance November Business Data👇

👉ICICI Prudential Life Insurance

-November Premium Up 1.5X (YoY)
-8MFY25 Premium Up 35% (YoY)
-November Total APE Up 2.7X (YoY); November Retail APE Up 28% (YoY)

#NewsFlash | #LifeInsurance November Business Data👇

👉#HDFCLife Insurance

-November Premium Up 13% (YoY)
-8MFY25 Premium Up 14% (YoY)
-November Total APE Up 3% (YoY); November Retail APE Up 3% (YoY)

#NewsFlash | #LifeInsurance November Business Data👇

👉SBI Life Insurance

-November Premium Growth Of 8% (YoY)
-8MFY25 Premium Down 2% (YoY)
-November Total APE Up 10% (YoY); November Retail APE Up 9% (YoY)

#NewsFlash | #LifeInsurance November Business Data👇

👉Max Life Insurance

-November Premium Up 21% (YoY)
-8MFY25 Premium Up 19% (YoY)
-November Total APE Up 25% (YoY); November Retail APE Up 25% (YoY)

#NewsFlash | #LifeInsurance November Business Data👇

👉LIC

-November Premium Down 27% (YoY)
-8MFY25 Premium Up 16% (YoY)
-November Total APE Down 19% (YoY); November Retail APE Down12% (YoY)

#LifeInsurance Cos in focus: Life Insurance #CEOs seek indexation benefits from govt on savings policies exceeding ₹5 lk

🚩Alert: For policies issued on or after 1 Apr 2023, govt had imposed tax on premium of >₹5 lk