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SBI Life, HDFC Life: Insurance cos eyeing reforms, stay invested: Analysts

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

Topics
Insurance companies | Insurance stocks | SBI Life

Nikita Vashisht  |  New Delhi 

Despite the numbers, analysts remain positive on the medium-to-long term growth prospects for the sector
Despite the numbers, analysts remain positive on the medium-to-long term growth prospects for the sector

The insurance sector clocked a muted growth in business premiums in of January with gross premium underwritten by non-life insurers growing 6.7 per cent year on year (YoY) to Rs 18,488 crore and life insurers recording growth of 3.7 per cent YoY in new business premium to Rs 21,389.7 crore.

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First Published: Wed, February 10 2021. 13:46 IST
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