SBI Life, HDFC Life: Analysts pick top insurance stocks after May biz data

Insurance stocks to buy: In the immediate future, analysts said the revised surrender charges regulations, as and when they are announced, will be vital for growth trajectory in FY25

Top insurance stocks: Insurance policy sales data for May 2024 has eased analysts' concerns over the slowdown in the life insurance sector. Though headwinds remain in the near-term, especially from any changes in surrender charges, analysts believe the ongoing financial year of 2024-25 (FY25) may turn out to be better than the year gone by.

"The growth of the Indian life insurance sector in FY24 was slower than the previous year. It is , however, expected that the sector will continue to experience growth in FY25, owing to improvements in technology and increased efforts to expand its market penetration," wrote