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.)