Life Insurance News
HDFC Life share price surges over 9.5% on strong Q3 performance. Should you buy?
HDFC Life’s shares surged 9.60% following Q3FY25 results, wherein the insurance company posted a 15% net profit increase. Analysts are positive, with CLSA and Jefferies maintaining buy ratings. HSBC expects margin improvements as credit protection sales increase and low-margin product growth slows.
2 min read16 Jan 2025LIC share price hits new 1-year low, down over 32% from record high
LIC’s stock reached a 52-week low of ₹806 on Tuesday but managed to end the trade 2% higher at ₹825. The insurer faced a 13% decrease in individual APE for December, continuing a trend of declining performance amidst challenges from new surrender regulations.
2 min read14 Jan 2025Your rights in life and health insurance claims: Unpacking the moratorium clause
As per India’s insurance laws, insurers cannot reject a claim on the grounds of non-disclosure of an existing disease or misstatement after 3 years in the case of life insurance policies and 5 years for health policies. And yet, conditions apply.
4 min read16 Dec 2024SBI, LIC-owned small-cap stock jumps 25% in one month. Experts see more rally after technical breakout
Stock Market Today: SBI, LIC-owned small-cap stock Paisalo Digital share price has gained 25% in one month. Experts see more rally after technical breakout seen by the stock
2 min read3 Dec 2024EPFO directs Bajaj Allianz Life Insurance to pay ₹121-crore default
The EPFO’s regional provident fund commissioner held that the insurance major had split up salary components into various perks to avoid paying provident fund dues.
2 min read30 Nov 2024Why is LIC share price rising for six straight sessions despite fall in other insurance stocks? EXPLAINED
LIC share price registered 11% weekly gain this week
2 min read30 Nov 2024LIC increases stake to 5.02% in edible oil refiner Patanjali Foods; Details here
Government-owned Life Insurance Corporation of India increased its stakes 0.034 per cent to 5.02 per cent, compared to its earlier level in the edible oil refiner Patanjali Foods, according to a BSE filing. Shares of LIC closed higher, however Patanjali Foods shares closed lower on Tuesday’s market.
1 min read26 Nov 2024Allianz SE in talks to exit both insurance joint ventures with Bajaj Finserv
Allianz has said that given its strategic priorities, it is considering an exit from the life and general insurance joint ventures, Bajaj Finserv told the exchanges on Tuesday, adding that Allianz has said it remains “committed to the Indian insurance market”.
3 min read22 Oct 2024HDFC Life continues to struggle with margin pain
An analysis of the annualised premium equivalent (APE) for Q2FY25 shows the adverse new business profile, including product mix and higher policy benefits, may be putting pressure on the value of new business (VNB) margin.
2 min read16 Oct 2024HDFC Life Q2 Results: Net profit rises 15% YoY to ₹433 crore; net premium income improves by 12%
For the first half of FY25, the company posted a 15% growth in net profit at ₹911 crore. The assets under management (AUM) stood at ₹3.25 lakh crore as of September 30, 2024, reflecting a 23% increase year-on-year.
2 min read15 Oct 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared