*POSITIVE READ THROUGH FOR HDFC LIFE*
KOTAK INSTITUTIONAL EQUITIES SAYS AFTER MEETING MGMT
Well placed to achieve its guidance of high-teen APE growth with similar VNB growth
Market sources suggest that some mid-sized insurance companies have revised down product IRRs (following a decline in bond yields) or tweaked term premiums, again auguring well for larger industry players
MPORTANT CLARIFICATION
Recent media articles on regulations for the bancassurance business led to a correction in life insurance stocks (link).
According to HDFC Life, the *news flash is based on rumors and speculation*; the *company has stated that it has not received any communication from the regulator on this front*
KOTAK INCREASES APE GROWTH ESTIMATES 20% APE growth in FY2025E (17% in 2HFY25E), up from 18% earlier.
KOTAK INSTITUTIONAL EQUITIES SAYS AFTER MEETING MGMT
Well placed to achieve its guidance of high-teen APE growth with similar VNB growth
Market sources suggest that some mid-sized insurance companies have revised down product IRRs (following a decline in bond yields) or tweaked term premiums, again auguring well for larger industry players
MPORTANT CLARIFICATION
Recent media articles on regulations for the bancassurance business led to a correction in life insurance stocks (link).
According to HDFC Life, the *news flash is based on rumors and speculation*; the *company has stated that it has not received any communication from the regulator on this front*
KOTAK INCREASES APE GROWTH ESTIMATES 20% APE growth in FY2025E (17% in 2HFY25E), up from 18% earlier.