Company updateCNBC-TV18
Life insurers see strong October premium growth
Positive+26
GreyOak summary
Life insurers reported broad-based premium growth in October, led by LIC, ICICI Life, and Go Digit. While total premiums and annualised premium equivalent (APE) rose for most, individual APE trends were mixed, with some private insurers seeing declines. Overall, the sector showed healthy new business momentum despite softer individual APE numbers at certain companies.
What it affects
- ICICI Life InsuranceICICILIFEPositive +26
Total APE jumped 48.2%; individual APE slipped 0.3%Rolling sentiment Neutral +2
- Life Insurance Corporation Of IndiaLICIPositive +22
Premiums up 31.3%; APE up 19.5%Rolling sentiment Positive +33
- Go Digit General InsuranceGODIGITPositive +19
Premiums rose 39.2%; individual APE fell sharply 77.5%Rolling sentiment Neutral -5
Source
Read the original at CNBC-TV18More ICICI Life Insurance news
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