India Investment, Stocks, Credit Card and Retail Forum
Personal Finance for Indian Investor => Insurance [Life / General] and ULIP Reviews => Topic started by: komal on April 13, 2010, 05:52:10 PM
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We think the importance of ULIP products in the Indian life insurance industry cannot be emphasized enough:
(1) As per Life insurance council data, ULIPs account for 55%-65% of new individual premiums and 34%-39% of renewal premiums for the industry.
(2) We estimate inflows into equity markets through premiums collected to be about Rs600-700bn (US$13-15bn) during FY2009.
(3) Equity AUM of insurers stood at Rs4 tn (US$88bn), 34% of total, as of December 2009
Non-clarity on this issue could impact new premium sales, renewals and higher surrenders for the insurance companies, while simultaneously impacting bancassurance partners distributing life product