Private insurers saw their NBP grow by 16% during the month to Rs 9,504.64 crore, compared with Rs 8,128.51 crore in February 2020
While on one hand the Budget proposed to increase the FDI limit in the sector to 74 per cent, it also proposed to levy capital gains tax on ULIPs rendering insurance an unattractive investment option
Net premium income up almost 18%, revenue from investment rises more than 3x
Given the sharp volatility, it is preferable to stick to leaders or top-tier players across sectors as they consolidate their position and gain market share
Strong premium income growth of SBI Life and HDFC Life in Q2 cements the Street's conviction, and at 27.4% VNB margin I-Pru Life surprises investors
Strong premium income growth of SBI Life and HDFC Life in Q2 cements the Street's conviction, and at 27.4 per cent, VNB margin I-Pru Life surprises investors
In the first half of the financial year (FY21), net profit of the insurer was up 38 per cent to Rs 690 crore over the same period a year ago
The brokerage expects the company to maintain its cost leadership with GWP remaining at nearly 10 per cent over FY23E.
Shares of Zee Entertainment Enterprises fell 3.7 per cent and that of Bharti Infratel ended flat. The two companies will be removed from the bluechip index
All that happened in the markets today
For the quarter ended June 2020, Divi's Lab reported a net profit of Rs 492.06 crore on account of robust sales.
Bharti Infratel and Zee Entertainment Enterprises will be dropped from the Nifty 50, NSE Indices said in a statement
The value of new business was down 29 per cent year on year to Rs 240 crore.
There was a decline of 29 per cent in individual new business premium, while individual rated premium slipped by 36 per cent
The NBP of life insurance companies contracted 10.46 per cent YoY in June as compared to decline 32.6 per cent and 25.4 per cent in April and May, respectively
Development is a sign that things are picking up after govt decided to gradually unlock because life companies had seen their NBP decline 32.6% and 25.4% in April and May, respectively
ICICI Securities expects that in the semi-annual change in the Nifty50 constituents, SBI Life Insurance will enter the index, replacing Zee Entertainment (ZEEL).
Shares of SBI Life on Monday ended at Rs 745.5, down 0.74 per cent
OFS sails through successfully in heavt institutional investor support; Shares of SBI Life end at Rs 745.5 on Monday, down 0.74%
The cost of acquisition of one partly paid RIL share works out to around Rs 537 and includes the rights issue initial 25 per cent payment of Rs 314.25 and the RE acquisition cost of Rs 223