LIC, HDFC Life, SBI Life: Budget 2023 proposals dismantle bullish trends

Technically, prior to this announcement, the price structure of SBI Life Insurance Company and Max Financial Services were highlighting a bullish sentiment and were on the verge of the next up move

Avdhut Bagkar | Mumbai
Last Updated at February 2, 2023 11:54 IST

The insurance regulator is currently looking into the proposal, an official said

Tax levied on premium proceeds of over 5 lakhs in the Budget 2023

The announcement of taxing insurance proceeds of over Rs 5 lakh premium in the Budget 2023, sent Insurance stocks on a downward spiral on Wednesday. In the previous budget, exemptions were curbed in unit-linked insurance policies where proceeds exceeded Rs 2.5 lakhs.

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