Top private life insurance firms hike term policy premium by 4-7%

Quick Summary:

Insurance companies are major buyers of longer-tenure bonds.

Further, the benchmark 10-year government bond yields have softened significantly following the announcement by JP Morgan that Indian government securities (G-sec) issued by the Reserve Bank of India (RBI) under the fully accessible route will be included in its widely monitored GBI-EM.

The government had introduced a 50-year bond in H2FY24 on the demand of insurance companies.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Life insurance industry Finance sector HDFC Life

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-10 @ 21:42:29 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 406 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21567160

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