Specialist in Indian Banking and Economic Research

Hemindra Hazari

Is a Securities & Exchange Board of India (SEBI) registered research analyst with over 25 years experience in the Indian capital markets with a specialization in banking and economy research and has managerial experience of establishing profitable equities business, leading and mentoring analysts.  He has worked with prominent foreign and domestic capital market firms such as UBS, Societe Generale, HSBC, ASK Raymond James  and Karvy Stock  Broking and is a regular guest on business media channels and is respected for his non-consensus view on stocks and the market.

SBI Life - Mutual Fund in Life Insurance Clothing?

ICICI Bank, ICICI Prudential Life: Shades of Wells Fargo?

ICICI Prudential Life: Life Insurer or Mutual Fund?

Thematic (Sector/Industry)

India Financials / Thematic (Sector/Industry)

<p>The deregulation of India’s life insurance industry in 2000 and the eventual direct listing of private life insurance companies, with ICICI Prudential Life being the first, offer opportunities for investors requiring exposure to this sector in India.  Increasing penetration, enhancing long-term savings and mobilizing much-needed investments for infrastructure were expected to be the outcomes from such a policy. The liberalization process transformed the infrastructure sector from a low risk, public sector asset to a high-risk investment and introduced high volatility in penetration as insurance companies became stock market players and exposed policy holders to the vagaries of the capital market.</p><p>For those interested in conventional life insurance companies, they may have to wait indefinitely for the listing of the government-owned Life Insurance Corporation as many private sector insurance companies have adopted a mutual fund model.   In the alternative, they may consider some of the companies less exposed to the capital market  and may have to wait for the eventual listing of HDFC-Max Life, Bajaj Life and Birla Sun Life.</p>

The deregulation of India’s life insurance industry in 2000 and the eventual direct listing of private life insurance companies, with ICICI Prudential Life being the first, offer opportunities for investors requiring exposure to this sector in India.  Increasing penetration, enhancing long-term savings and mobilizing much-needed investments for infrastructure were expected to be the outcomes from such a policy. The liberalization process transformed the infrastructure sector from a low risk, public sector asset to a high-risk investment and introduced high volatility in penetration as insurance companies became stock market players and exposed policy holders to the vagaries of the capital market.For those interested in conventional life insurance companies, they may have to wait indefinitely for the listing of the government-owned Life Insurance Corporation as many private sector insurance companies have adopted a mutual fund model.   In the alternative, they may consider some of the companies less exposed to the capital market  and may have to wait for the eventual listing of HDFC-Max Life, Bajaj Life and Birla Sun Life.

Motilal Oswal Financial Services (MOFS IN)

Mahindra & Mahindra Fin Services Ltd. (MMFS IN)

Ojas Asset Reconstruction Lmited (OJAR IN)

Cholamandalam Investment and Finance (CIFC IN)

Pilani Investment and Industries (PIICL IN)

ICICI Prudential Life Insurance (IPRU IN)

Life Insurance: License for a Casino