Insurance data

LIFE INSURANCE DATA-FEBRUARY SBI Life (SBILIFE IN, Buy) declined 1% y-y in Feb-25 (vs 18% in Jan-25 and 26% in Feb-24), and it has gained market share of 18bp in FY25 YTD (vs FY24 YTD) ICICI Prudential Life Insurance’s (IPRU IN, Neutral) declined 13% y-y (vs 9% in Jan-25 and 34% in Feb-24); HDFC Life (HDFCLIFE IN, Buy) grew 1% y-y (vs 25% in Jan-25 and 28% in Feb-24), resulting in a market share gain of 72bp y-y in FY25 YTD Max Life (MAXF IN, Buy) recorded 10% y-y growth (vs 14% y-y in Jan-25 and 34% y-y in Feb-24) and gained market share of 54bp in FY25 YTD (vs FY24 YTD) Bajaj Life (unlisted) was flat y-y in Feb-25, gaining market share of 17bp in FY25 YTD (vs FY24 YTD); and 6) among mid-sized players, Tata Life (unlisted) and Birla Sun Life (unlisted) grew by 5% and 30% y-y, respectively.