Life insurance stocks fall; HDFC Life, SBI Life, Max Financial dip up to 7%

Quick Summary:

Lower VNB margin in FY25 is likely to impact ROEV negatively across companies.

Time to book profit in insurance stocks as GST meet looms?

Additionally, given higher share of ULIP, which usually have lower persistency, there could be negative operating variances in the embedded value (EV)," the analysts said.

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Category: BusinessFinance

Markets: India

Topics: Finance minister Life insurance shares Embedded value Markets IRDAI HDFC Life Insurance Insurance Regulatory and Development Authority of India Value of new business VNB margin Unit linked product Bancassurance business SBI Life Insurance ULIP Max Financial Services Nirmala Sitharaman

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 14:59:42 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 463 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23916886

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