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Life Insurance Sector - Megatrend in the Making
Oct 18, 2019

There's one sector which is a clear outperformer in this volatile market: Life Insurance.

Shares of the three listed life insurance players have outperformed the BSE Sensex by a huge margin.

With the huge future potential of the sector, the outperformance is not surprising. India's life insurance penetration i.e. insurance premiums as a percentage of GDP, is very low compared to the global average.

The industry is expected to grow at a CAGR of 11-13% over the next five years. India's large youth population and growing awareness about insurance is bound to accelerate growth.

This is a megatrend which is here to stay for a long, long time.

Data Source: IRDAI Annual Report 2019

This Chart Of The Day was published in The 5 Minute WrapUp - How Amazon and Flipkart Can Help You Become a Better Investor

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