{"id":5860,"date":"2025-01-13T09:16:38","date_gmt":"2025-01-13T03:46:38","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5860"},"modified":"2025-01-13T09:16:39","modified_gmt":"2025-01-13T03:46:39","slug":"private-insurers-show-growth-while-lic-faces-decline-in-december-premiums","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/private-insurers-show-growth-while-lic-faces-decline-in-december-premiums\/","title":{"rendered":"Private Insurers Show Growth While LIC Faces Decline in December Premiums"},"content":{"rendered":"\n<p>Private life insurance companies continued their strong performance in December 2024, recording an 11.4% year-on-year growth in individual annual premium equivalent (APE). In contrast, LIC experienced a sharp 13% decline in individual APE, highlighting the widening gap between private insurers and the state-run giant.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Private Players Maintain Momentum<\/strong><\/h3>\n\n\n\n<p>The 12.3% increase in individual APE at HDFC Life helped drive overall growth to 8.8%, partly due to a steep decline of 21% in group APE. Analysts remain optimistic on HDFC Life, with an &#8220;Buy&#8221; rating and target price of \u20b9820 per share.<\/p>\n\n\n\n<p>SBI Life reported a 16% increase in individual APE for December 2024, against a high base recorded in the corresponding period last year. On the back of its strong performance trajectory, analysts have also maintained an &#8220;accumulate&#8221; rating on SBI with a target price of \u20b91,980.<\/p>\n\n\n\n<p>The company posted a 15.6% year-on-year growth in total APE, riding on a 56.6% rise witnessed in group business APE. The analysts gave an &#8220;hold&#8221; rating for ICICI Prudential but mentioned the target price of \u20b9740 for the stock.<\/p>\n\n\n\n<p>Max Financial Services stretched the growth streak with a 10.3% increase in overall APE and an 11.2% rise in individual APE. Analysts remained confident of its prospects and retained the &#8220;buy&#8221; rating with a target price of \u20b91,470.<\/p>\n\n\n\n<p>But LIC failed to keep pace with private peers. The state-run insurer reported a 13% decline in individual APE and 28.9% fall in total APE for December 2024. Analysts said LIC&#8217;s performance underlines the increasing bias of the consumer for private players in the life insurance space.<\/p>\n\n\n\n<p>Industry experts will also be keenly watching how new regulations on surrender values, among other changes, will affect the growth trajectory in the coming months.<\/p>\n\n\n\n<p><strong>Do you have a news tip for Lakshmishree reporters? Please email us at <a>media@lakshmishree.com<\/a><\/strong><\/p>\n\n\n\n<p><em><sup><sub>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/private-life-insurers-outperform-lic-sees-sharp-decline-in-new-premiums-for-december-12908524.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/private-life-insurers-outperform-lic-sees-sharp-decline-in-new-premiums-for-december-12908524.html\" rel=\"noreferrer noopener nofollow\">Moneycontrol<\/a><\/sub><\/sup><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Private life insurance companies continued their strong performance in December 2024, recording an 11.4% year-on-year growth in individual annual premium equivalent (APE). In contrast, LIC experienced a sharp 13% decline in individual APE, highlighting the widening gap between private insurers and the state-run giant. Private Players Maintain Momentum The 12.3% increase in individual APE at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[904,903],"class_list":["post-5860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-lic-decline","tag-private-insurers-growing"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5860"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5860\/revisions"}],"predecessor-version":[{"id":5861,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5860\/revisions\/5861"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5862"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}