INVESTEC ON ICICI LOM

#IRDAI proposed ban on Credit Linked Health pdts -ve

Expect downgrades of ~6% in GDPI & ~8-10% in PAT

Could be a risk for life insurers if such proposal comes for them

HDFC Life has the highest share of credit life at ~9% of APE in FY20

RELIEF FOR GENERAL INSURERS?
Insurance Regulator May Tweak & Not ban Credit Linked Health Pdts

#IRDAI:
✅May Mandate Sale Of Credit Linked Health Pdts On Diminishing Sum Assured Basis
✅Under This Prem Comes Down As Loan Amt Due & Sum Assured Reduces