MOSL: INDIA LIFE INSURANCE (INSURANCE TRACKER)-Private players’ individual WRP grows 18.4% YoY in Apr-19
India Life Insurance (Insurance Tracker): Private players’ individual WRP grows 18.4% YoY in Apr-19; Individual WRP market share for private players at 54.5%
Private players’ individual weighted retail premium (WRP) growth remained strong at 18.4% YoY in Apr’19 (v/s +18.5% YoY in Mar’19), while industry growth came in at 18.5% YoY (v/s +9.7% YoY in Mar’19). Among private players, Tata AIA (+125% YoY) and Birla Sun Life (+46% YoY) exhibited robust trends. Bajaj Allianz, on the other hand, witnessed a decline of 23% YoY. Among listed players, SBI Life/HDFC Life/Max Life reported individual WRP growth of 51%/31%/ 28%, while IPRU Life reported marginal growth of 2% YoY. LIC, too, reported strong 18.6% YoY growth in individual WRP (flattish in Mar’19), taking industry growth to 18.5% YoY in Apr’19 (9.7% for Mar’19).
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
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