Life Insurance Sector Update – LIC Outperforms Blended Private Sector Growth: Yes Securities

Commentary on Total APE: Among listed / quasi-listed private sector life insurers, Bajaj Allianz’s Total APE grew the fastest year-on-year, up 37% YoY and was also up 95% month-on-month.

Total APE for SBI Life Insurance Company Ltd. grew 3% YoY and 64% MoM.

Growth for HDFC Life Insurance Co. Ltd. was 10% YoY and 71% MoM.

Growth for ICICI Prudential Life Insurance Company was 2% YoY and 65% MoM.