Page 27 - LIFE INSURANCE TODAY Novemver 2017

uncorrelated asset class”— not yield in the investment portfolio. In a regarding insurance services among the
swayed by capital market volatility. tangential manner, this will be very investing public. That may translate
But if there is extreme dependence convenient for some PSU insurers who into increase in insurance penetration
among Indian insurers on investment are on the cusp of capital adequacy (percentage of insurance premiums to
income “to make up technical losses”, and who resorted to Tier II capital to GDP), in respect of which India’s level
this asset class cannot be detached salvage the situation. is one of the lowest in Asia. In a lighter
from the rest. It would present the vein, will someone who buys shares of
same risk reward profile. If the issues are subscribed well, the Eicher Motors also eventually buy a
Government may infuse less fresh Royal Enfield motorcycle?
Refreshingly, there are green shoots in capital into them. This is because the
the pricing of general insurance Ministry of Finance is struggling with Both, ICICI Lombard and SBI Life have
products, of late. the capital adequacy issues of PSU been subscribed well and have listed
banks. decently over their issue prices. It will
The IPO s can also turn out to be the be interesting to see if their success is
best way to acquire capital at a dream There is an expectation that these replicated by subsequent issues.
cost and arbitrage the same against issues bring about better awareness (Source : Business Line)

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