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Covid-19 Pandemic:Life insurers’ lose 33% of their new prm income, 63% of policy sales in Apr FY 2020-21
According to an analysis by Kotak Institutional Equities, “Private life insurance players reported 40 per cent yoy decline in individual APE in April 2020 despite the lockdown during the entire month, which is better than our expectations of about 90-95 per cent decline. Demand for protection policies and spillover from year-end pipeline were the likely drivers.’’
India’s automakers warn of up to 45% sales drop as economy slumps amid pandemic
Warehousing demand in 8 major cities drops 29% in Jan-Mar, new supply down 14%: Report
Property consultant JLL India expects limited leasing activities during the second quarter of 2020 calendar year. New supply will also get deferred because of the lockdown to control the spread of COVID-19.
However, it said that “there can be gradual revival in the demand post lockdown as leases and active requests for proposals (RFPs) that were in various stages of closure may be executed.”
India to restart some passenger trains even though coronavirus infections jump
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