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.
All the four entities, for which data was sought by Irdai on October 9, have been downgraded by credit rating agencies recently
Companies post huge losses and market share
General insurers, however, look to move towards risk-based pricing