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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 | ₹4,82,218 Cr | ₹381.2 | 8.0 | 2.7 | 37.8% | —% | — | 2.6% | -52.77% |
| General Insurance Corporation of India | ₹55,658 Cr | ₹317.25 | 6.3 | 0.6 | 14.6% | —% | 0.0 | 4.2% | -13.5% |
| PB Fintech Ltd | ₹48,014 Cr | — | 64.6 | 6.6 | 9.8% | —% | 0.1 | 0.0% | -36.58% |
| Max Financial Services Ltd | — | — | — | — | 2.0% | —% | — |
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.
| — |
| -17.88% |
| The New India Assurance Company Ltd | ₹27,332 Cr | — | 35.4 | 0.7 | 4.9% | —% | — | 0.9% | +10.79% |
| Religare Enterprises Ltd | ₹7,316 Cr | ₹212.22 | 144.4 | 2.4 | 2.7% | —% | — | 0.0% | -12.85% |
| Turtlemint Fintech Solutions Limited | — | — | — | — | -51.5% | —% | — | — | 0.00% |
| IIRM Holdings India Ltd | — | — | — | — | 16.9% | —% | 0.6 | — | +46.91% |