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❯ Analyzing sector P/E ratios...
Under-penetration at 4% of GDP versus 7% global average creates a decade-long structural growth runway.
| Company | M.Cap | Price | P/E | P/B | ROE | ROCE | D/E | Div Yield | 1Y Return |
|---|---|---|---|---|---|---|---|---|---|
| Life Insurance Corporation of India | — | ₹409 | — | — | 37.8% | —% | — | — | -50.83% |
| HDFC Life Insurance Company Ltd | ₹1,10,785 Cr | ₹510.05 | 55.7 | 5.7 | 11.3% | —% | 0.2 | 0.4% | -31.84% |
| PB Fintech Ltd | ₹82,778 Cr | ₹1,791.35 | 110.6 | 11.3 | 9.8% | —% | 0.1 | — | +6.93% |
| General Insurance Corporation of India | — | ₹343.6 | — | — | 14.6% | —% | 0.0 |
India's insurance penetration at 4% of GDP is significantly below the global average of 7%, presenting a massive growth opportunity. Life insurance premiums are growing at 12-15% annually, driven by increasing financial awareness and favorable demographics. Health insurance has seen explosive growth post-COVID, with standalone health insurers growing at 25-30%.
Distribution is shifting towards digital channels, reducing acquisition costs. Key metrics: Value of New Business (VNB), VNB margin, persistency ratios, combined ratio (for general insurers), and embedded value growth. The sector benefits from long-duration liabilities, float income, and relatively predictable cash flows.
Valuations are typically measured on P/EV (Price to Embedded Value) basis at 2-4x for quality names.
rupiya.io is for research and education only. Metrics shown are not investment advice. Validate with SEBI-regulated disclosures before acting.
| — |
| -6.26% |
| Max Financial Services Ltd | ₹50,509 Cr | ₹1,455.6 | 465.0 | 9.6 | 1.5% | —% | — | 0.0% | -11.57% |
| The New India Assurance Company Ltd | — | — | — | — | 4.9% | —% | — | — | +37.77% |
| Religare Enterprises Ltd | ₹8,775 Cr | — | 170.8 | 2.9 | 2.7% | —% | — | — | +2.91% |
| Turtlemint Fintech Solutions Limited | — | — | — | — | -51.5% | —% | — | — | 0.00% |
| IIRM Holdings India Ltd | — | — | — | — | 16.9% | —% | 0.6 | — | +60.64% |