As per IRDA data, Private sector premiums (Individual RWRP basis) grew 4% YoY in Oct-19 vs 3% YoY last month - this compares to double digit growth of 20% YoY during the first five months of FY20.
For ICICI Prudential, individual premium grew by 18% YoY compared to a decline of 7% YoY last month.
For HDFC Life, growth declined 15% YoY and compares to a decline of 20% YoY last month. Individual single premiums also declined by 25% YoY, likely implying some moderation in sale of annuity products.
SBI Life Individual premium growth moderated to 3% YoY vs. 11% YoY last month. Max Life at +3% YoY was muted and broadly stable vs last month
Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.
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