- Wealth PMS
Insurers have been losing some steam over the last two years, but how much? Taking new premium over all products, bought by individuals since 2009 shows us how things are:
August saw a strange spike last year in individual single premium policies last year so the –61% looks like an anomaly. (And indeed, therehave been a huge incerase in “group” single premiums this year in August too).
But the overall graph has a downward trend and the degrowth is informative. Watch insurer stocks for notes as well. (ICICI, Bajaj Finserv, HDFC etc.)