INSUBCONTINENT EXCLUSIVE:
Mumbai: Insurers are likely to have their worst fiscal fourth quarter in nearly a decade as their key catchment period of the last ten days
towards the fiscal year end ended up being a washout with the national lockdown.
Sale of policies towards the end of March almost came to a
halt with few walking into bank branches to purchase policies to save on tax
Jefferies.
But those companies relying on nonlinked products which are not related to the performance of financial markets, could be better
placed.
For leading private sector life insurers such as HDFC Life, SBI Life and ICICI Prudential, non-linked products constitutes between
Indian life insurers has been their relative balance sheet strength due to predominantly linked and par-savings asset book, which have
could severely be affected due to freeze in vehicle purchases and absence of travel spends but the increased awareness especially for health
