Analysts are more bullish on stocks of private insurers
See the fine print to know the duration or extent of the benefits
The move is likely to reduce premiums of policies and boost access to affordable health cover
Currently, all life insurance products and riders require prior approval of the insurance regulator before launch
Emkay Global Financial Services, a leading domestic brokerage has initiated coverage on the stock with a 'hold' rating with a target price of Rs 875
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Insurance stocks underperformed the frontline indices on Tuesday following a faded listing of state-run giant Life Insurance Corporation.
The large private life insurers with a better brand equity and distribution network with innovative approach are better placed for business growth and increasing their market
At Rs 1,345 crore of individual NB-APE, the company is the fastest-growing private life insurer in the country, IndiaFirst Life claimed
While insurers have witnessed a jump in health premiums over the last two years, their claims burden has also gone up.
In FY22, life insurers post 13% growth in new biz premium, compared with 7.5% growth in FY21
They need hand-holding on life and health insurance, and should not lean on social media influencers, who are often neither qualified nor regulated, say experts
The new business premia (NBP) of the industry have grown at 8.43 per cent in the first 11 months of the current financial year (FY22)
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Long-term story remains good and valuations attractive, but near-term overhangs may keep stock prices subdued
This indicates consumers are now diversifying their insurance holdings and building a holistic portfolio by investing more in life insurance, including term, market-linked and savings plans
Buyers should look it up to see which insurers have been quicker in settling claims.
After two years of preparation, the govt on Sunday approached SEBI to sell 5% stake in Life Insurance Corporation through Initial Public Offering. It expects to collect Rs 60,000 cr through this move
The government is unlikely to come up with LIC IPO in the current financial year ending March 2022, as the valuation of the state-owned behemoth is taking more than anticipated time
LIC IPO: There are still some issues that need to be addressed with regard to the valuation of LIC, a senior official said