HDFC Life/Max Life/SBI Life outperform with strong growth of 25.8%/28.9%/15.8% YoY.
IPRU Life saw a slowdown of 5.3%
LIC posted a subdued growth of 5% YoY
SBI Life holds market share at 16.2%. Max Life sees a consistent rise (5.8% share) while HDFC Life/Tata AIA Life/IPRU Life’s share remains stable. while Max Life (5.8%) continued to garner share
The growth in 2HFY24 APE to be driven by a consistent rise in retail protection volume for top private players (ex-IPRU Life).
Valuation Snapshot
