Life Insurance sector, a thread š§µ
Indian insurance sector is just a seed that has recently sprouted. <5% Indians have proper insurance cover (others are either uninsured or under-insured).
Our insurance companies are nowhere in the top 10 global insurance firms.
Indian insurance sector is just a seed that has recently sprouted. <5% Indians have proper insurance cover (others are either uninsured or under-insured).
Our insurance companies are nowhere in the top 10 global insurance firms.
https://twitter.com/techlunatic/status/1347576498702536705
Mexico has the lowest insurance penetration and we're sitting right next to them.
India presently has these listed insurance companies, where top 7 companies have 75% market cornered and top 3 companies have 50% market cornered.
The rest of the seeds haven't even germinated.
The rest of the seeds haven't even germinated.
Let's focus on the top 3 and chuck the rest. Ain't nobady got time fo dat.
SBI Life makes the largest sales, followed by HDFC Life and ICICI Pru Life.
SBI Life makes the largest sales, followed by HDFC Life and ICICI Pru Life.
SBI Life makes the largest PAT followed by HDFC Life and ICICI Pru
HDFC Life has a relatively higher net profit margin, although 3.96%, in absolute terms, is miniscule compared to other sectors like FMCG. These are the margins this sector gets, we'll just have to deal with it.
Persistency ratio (how long insurance customers stick around before dropping out or swapping to another insurance service)
Return on paid-up equity. SBI Life takes the cake here
SBI Life has seen a higher sales and profit CAGR in the past 5 years.
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