Life insurers set to report strong quarter

Life insurers set to report strong quarter

Life Insurance companies are expected to report strong first quarter earnings, as the individual new business premium (NBP) growth for them has been over 30 per cent. In addition, during the first quarter, the 10-year benchmark yield was down by 46 basis points, which should lead to a 1 per cent to 3 per cent boost in their embedded values. On the flip side, while the rates are down, the default incidents have picked up in the recent months, requiring a closer monitoring of investment portfolios, feel analysts.

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