Investor Presentaiton
Low levels of penetration
-
Life protection
172 mn
68 mn
1.7 mn
83.0%
Protection gap 2 (2019)
Urban Working
Population
Addressable
Market
Annual Policy
Sales
(excl blue collared)
India
Indonesia
Malaysia
24
Only 1 out of 40 people (2.5%) who can afford
it is buying a policy every year 1
17
12
8
Even within the current set, Sum Assured as a
multiple of Income is <1x
41
3. Kotak institutional equities
1. Goldman Sachs Report, March 2019
2. Swiss Re (Based on respective financial year of the countries)
Thailand
76.0% 74.0%
China
71.0% 70.0%
61.0%
Japan
Singapore
South Korea
Trend of retail loans 3 (Rs Tn.)
FY10
FY12
FY14
FY16
FY18
FY20
34
Australia
55.0% 55.0% 54.0%
41.0%
India has the highest protection gap in
the region, as growth in savings and
life insurance coverage has lagged
behind economic and wage growth
Protection gap growth rate is predicted
to grow at 4% per annum
42
Hong Kong
Retail credit has grown at a CAGR of
18% over last 10 years
Increasing retail indebtedness to spur
need for credit life products
Immense opportunity given:
ā
Increasing adoption of credit
Enhancement of attachment rates
Improvement in value penetration
Widening lines of businesses
HDFC
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