Insurance share price target

lockdowns have led to pause in pick up and move slowly, although protection products continue to remain in high demand. We have turned cautious in the near term as valuations do not provide margin of safety....

lockdowns have led to pause in pick up and move slowly, although protection products continue to remain in high demand. We have turned cautious in the near term as valuations do not provide margin of safety....

Life insurance business data for Jun'20 showcased a continued strong pull back month over month post lockdown in Mar'20. Industry de-grew 6% YoY v/s -45% YoY seen in Mar'20 and 36% YoY growth in Jun'19. Although, in Q1FY21, industry de-grew by -19% YoY with private de-growth at -23% YoY. On Individual APE basis, industry de-grew by mere 1.4% YoY pulled by LIC which grew at 7% YoY, private players showed a pullback but still have degrown 7% YoY. For month wise trends, SBILI have seen strong pull back from ~70% de-growth in Apr'20 to 5% de-growth in Jun'20 & HDFCLI from -29% in Apr'20 to -3% YoY In Jun'20, Max Life also saw material pick up with 13% YoY...

Life insurance business data for Jun'20 showcased a continued strong pull back month over month post lockdown in Mar'20. Industry de-grew 6% YoY v/s -45% YoY seen in Mar'20 and 36% YoY growth in Jun'19. Although, in Q1FY21, industry de-grew by -19% YoY with private de-growth at -23% YoY. On Individual APE basis, industry de-grew by mere 1.4% YoY pulled by LIC which grew at 7% YoY, private players showed a pullback but still have degrown 7% YoY. For month wise trends, SBILI have seen strong pull back from ~70% de-growth in Apr'20 to 5% de-growth in Jun'20 & HDFCLI from -29% in Apr'20 to -3% YoY In Jun'20, Max Life also saw material pick up with 13% YoY...

cost of funding and unsecured loans especially for private banks. For our coverage universe we expect, 12% YoY NII growth with 16% YoY for private banks and 8% for PSBs, PPOP growth of 23% YoY similar for Pvt & PSBs led by treasury, stake sale (SBI/ICICIBC) and benefit in opex, while PAT growth of 6% YoY for coverage with 14% YoY for private banks. Our preference continues remains with HDFCB, ICICIBC & Kotak on back strong deposit accretion, steady operating performance and strong capital base to protect hits from asset quality. While, we also believe underwriting...

cost of funding and unsecured loans especially for private banks. For our coverage universe we expect, 12% YoY NII growth with 16% YoY for private banks and 8% for PSBs, PPOP growth of 23% YoY similar for Pvt & PSBs led by treasury, stake sale (SBI/ICICIBC) and benefit in opex, while PAT growth of 6% YoY for coverage with 14% YoY for private banks. Our preference continues remains with HDFCB, ICICIBC & Kotak on back strong deposit accretion, steady operating performance and strong capital base to protect hits from asset quality. While, we also believe underwriting...

Effect of Withdrawal of Long Term Policy Cover for Motor Insurance: Long-awaited industry relief is finally been delivered by IRDAI on June 8, 2020, with the withdrawal of long term insurance schemes

From our channel checks it has been evident that protection remains in demand with review in health coverage and medical checkups also opening up, while certain key flagship savings product are also picking up as Banca channel pulls back from easing of the lockdown and savings v/s deposits Source: Life Insurance Council, PL...

From our channel checks it has been evident that protection remains in demand with review in health coverage and medical checkups also opening up, while certain key flagship savings product are also picking up as Banca channel pulls back from easing of the lockdown and savings v/s deposits Source: Life Insurance Council, PL...

We recently interacted with the managements of key listed life insurers HDFC Life, ICICI Prudential Life and SBI Life