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Life insurance sector needs to maintain growth momentum
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livemint.com₹5 lakh will be taxable from FY24). The stocks of most life insurance companies have now recovered.
“What has been an encouraging trend is that growth is driven by higher volumes in addition to increase in ticket size. Further sum assured/premium ratio for most of the players has seen significant increase in first two month of FY24 suggesting strong traction towards individual protection segment," said PhillipCapital (India)’s analyst in a report.
To be sure, after a strong end to the last fiscal year, FY24 is expected to be muted. Hereon, whether the insurance companies can sustain the APE growth momentum is a key monitorable.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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