Should investors worry on HDFC Life, Max Life's slower growth?

While managements of both are confident of growth picking up, some analysts wait for signals

At a time when most bank-led life insurers have grown at a healthy clip, HDFC Life and Max Life, to be joined up soon, have lagged behind, particularly in the individual (consumer) segment that makes up bulk of the premiums. This has weighed on the share price of Max Financial Services (holding company of Max Life), which has fallen nearly six per cent over the past one month as against a four per cent rise in the S&P BSE 200 index. So, should investors be worried?

A key reason for the slowdown could be that HDFC Bank has consciously decided