SBI Life, ICICI Pru Life to enter MSCI India index. What should you do?

SBI Life touched a life-time high of Rs 1,030 per share on October 30, 2019, while ICICI Pru Life hit a record high on November 8, 2019.

Morgan Stanley Capital International (MSCI) recently re-balanced its India index under its semi-annual review. Of the eight additions it did to the index, two belong to the insurance sector – SBI Life and ICICI Prudential Life Insurance, possibly underlining brighter prospects in the segment.

“Insurance as a sector is a must have in an investor’s portfolio because of the potential the sector has in terms of penetration. Two reasons why the sector is bound to see an uptick is because firstly, more and more people are getting insurance done, and secondly, the value for which you get the policy done