An insurance trailblazer – growing on its own terms
LIC has maintained its Numero Uno positioning in the market even as it differs in its growth strategy v/s private players on – Distribution (Agent dominated v/s Banca for private), Product Mix (Traditional heavy v/s ULIPs, Non-PAR, Protection for private), and high mix of Single Premium (82% of total NBP v/s 47% for private in FY22) with heavy reliance on Group Business (72% of total NBP v/s 39% for private in FY22). While the focus on profitable growth will compel LIC to reassess its growth trajectory, maneuvering such a large franchise will be a challenging task and requires superior execution over the next few years. We estimate LIC to report ~10%/8% CAGR in NBP/APE over FY22-24E.
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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