In today’s briefing:
- LIC’s Share of a Stagnating Market Declines – Promised Growth of Insurance Penetration a Mirage?
- Navi Technologies Pre-IPO – The Negatives – Still Very Much a Work-In-Progress
LIC’s Share of a Stagnating Market Declines – Promised Growth of Insurance Penetration a Mirage?
- Life insurance penetration (life insurance premium/GDP) stagnating in India for last decade
- Entry of 23 private sector life insurance companies has not increased life penetration
- The private players have got the more profitable end of the market, leaving LIC with the lower end. LIC itself, which once expanded the market, has lost direction.
Navi Technologies Pre-IPO – The Negatives – Still Very Much a Work-In-Progress
- Navi Technologies (NT) aims to raise around US$500m in its India listing. NT was started by Sachin Bansal, co-founder of Flipkart which was sold to Walmart in 2018.
- NT is a technology-driven financial products and services company. The company was only incorporated in 2018, it offers personal loans, home loans, general insurance and mutual funds.
- In this note, we will talk about the not so positive aspects of the deal.
Before it’s here, it’s on Smartkarma
