With GST changes creating both winners and laggards, insurers are now looking to the Insurance Amendment Bill as the next major trigger for sector-wide re-rating
Brokerages have turned increasingly bullish on life insurance stocks over the past year, with all four major players - SBI Life, HDFC Life, LIC, and ICICI Prudential seeing more buy recommendations in a year
Insurance stocks selloff: The new tax regime provides no deductions for health and life insurances
Analysts had also been hoping for an increase in tax exemption limit to encourage buying of insurance policies
Investors are eyeing clarity on key issues such as GST rate changes for retail and health insurance, amendments to the Insurance Act
Private life insurance companies saw a growth of 11.4 percent in new premiums in December, while LIC saw a sharp drop of 13 percent
SBI Life is expected to report a 6 percent YoY increase in Annualised Premium Equivalent to Rs 5,553 crore in Q2FY25
According to CNBC-TV18 reports, LIC is seeking an increase in the interest rate assumption used to calculate surrender values
Brokerages adopted a 'neutral' stance on the stock, noting that the management's optimistic margin outlook is far-fetched
In the quarter ended June, LIC reported 9.6% rise in net profit at Rs 10,461 crore
India's largest insurer said its office in Bangladesh has partially resumed operations, while adding that the situation in the country has yet to reach normalcy.
Budget 2024:Insurers are hopeful for tax rule adjustments to make their products more affordable and are also seeking amendments to the Insurance Act to support the government’s 'Insurance for All by 2047' initiative
Insurnace firms eye multiple tax benefits from the government to enhance affordability of products and amendments to the Insurance Act 1938 to to support the 'Insurance for All by 2047' initiative
Brokerages remain largely bullish on HDFC Life stock, noting its confidence in handling the new surrender value norms, limiting their impact on margins, and gradually increasing the value of new business in the long term.
Surrender value is the amount a policyholder receives when they decide to terminate their policy before maturity.
HDFC Life Insurance said that the current pricing adjustments are part of an ongoing process that will adapt, based on changing market dynamics.
The company is slated to release its Q1 results on July 15, 2024
ICICI Lombard saw 16 percent YoY growth in June premiums to Rs 2,217 crore from Rs 1,912 crore in the year-ago period
Jefferies highlighted that the unlimited sum insured and customisation options in 'Elevate' could significantly bolster ICICI Lombard's market share in retail health
rokerages expect the new SV norms to initially reduce insurance company margins but believe they will eventually adapt
Surrender value is the amount an insurance company pays to the policyholder when he or she decides to terminate the plan before maturity
With an eye on expansion, the management outlined plans to penetrate Tier-2, Tier-3, and rural areas, and to fortify its position against private competitors
Earlier this month, LIC received a three-year extension from Sebi to comply with minimum public shareholding norms
LIC, among the listed players, reported a substantial 45 percent year-on-year (YoY) APE growth in April 2024
Analysts reiterated their recommendations to 'buy' shares of the online insurance aggregator, anticipating the company to sustain its strong growth momentum moving forward