Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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

Equitymaster requests your view! Post a comment on "Life Insurance Sector - Megatrend in the Making". Click here!

  

Our Most Popular Charts

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

MARKET STATS