Sluggish April for Insurance: Axis Max Life outperforms peers like LIC, SBI Life
Indian insurance sector experiences slow growth in April, with private insurers and LIC reporting mild de-growth. Private entities see 2% YoY growth, while public entities see low single-digit growth due to high base and volatile market. Companies facing profitability concerns and shifting focus to higher ticket size policies. HDFC Life, ICICI Prudential, SBI Life, and LIC all see slow growth.