Indian Life insurance industry future looks bright with strong growth in coming years as the outlook for insurance has changed from mere savings/investment to now a protection product as well. With India having a high protection gap indicating the absence of protection coverage, thus giving large room for the private players to expand. With e-commerce channel gaining traction, digitisation has been playing an important role too for the private players to grow new business and helping them gain market share from agency-led players and LIC. We initiate coverage on the sector and recommend HDFC SL, MAXF and SBI Life with a “BUY” rating and ICICI Prulife with an “Accumulate”
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About Prabhudas Lilladher
Prabhudas Lilladher has a nationwide distribution network, consisting of branches, franchisees and associates, providing a comprehensive gamut of financial services in the Institutional and Retail domain. Their services includes Equity, derivatives; margin funding, mutual funds, PMS, IPOs and online trading.
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