The fall in insurer's share price came after the company announced that the Insurance Regulatory and Development Authority of India (Irdai) has issued a show cause notice for violating norms
According to the latest data, HDFC Life distributes 65 per cent of its insurance policies through banking channels, followed by SBI Life (60 per cent), Max Life (52 per cent), and ICICI Prudential
The GST Council has announced the formation of a new Group of Ministers to review the issue of GST rate reduction on health insurance.
Star Health, ICICI Lombard, ICICI Pru Life, SBI Life and HDFC Life stocks have zoomed up to 28% so far in the September quarter. Time to keep track of these key pivot points as per technical charts.
Technical charts suggest that bias for insurance shares, barring Star Health, remain upbeat; hence, these stocks could see up to 12 per cent further upside from current levels.
The stock of life insurance company was trading higher for the third straight day, and has rallied 11 per cent after the company reported a strong performance in June quarter (Q1FY25).
Analysts remain optimistic about the medium-term outlook for the life insurance sector, and expect Retail APE to grow ~12-13 per cent during FY25E.
The implementation of Ind-AS 117 and its assumptions on liability and other insurance-related changes in regulations could be a future cause of concern
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
Go Digit stock: Go Digit's valuation at FY26E P/E of 49.6x and P/B of 5.9x seems to be building-in an optimistic outlook and ignoring the challenges, Emkay Global said
Post listing, the Go Digit stock touched a high of Rs 294.75, commanding a 8 per cent premium to its issue price of Rs 272 per share on the NSE.
Indian life insurance industry, excluding LIC of India, Nuvama said, commands an impressive aggregate equity assets under management (AUM) of nearly Rs 4.5 trillion, Nuvama said
In a relief for life insurance company investors, regulator Irdai has retained most existing surrender charges in the revised product regulations
Low-float stocks are the companies with a relatively small number of shares available for public trading
The company's assets under management (AUM) increased 12.41 per cent YoY to Rs 46.11 trillion as on June 30, compared to Rs 41.02 trillion a year ago
ICICI Bank would acquire at least 2.5 per cent stake out of the above 4 per cent before September 9, 2024.
Till 11:41 am; a combined nearly 20 million shares or 3.5 per cent equity of Star Healthcare have changed hands on the BSE and NSE, the data shows.
The country's largest private sector general insurer reported a 39.6 per cent surge in net profit to Rs 436.96 crore in Q4FY23, aided by a lower loss ratio and a dip in underwriting losses.
By removing the limit for agents, the regulator has provided insurers greater scope to build their businesses
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