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Sbi Life

GST indecision pressure insurance stocks; HDFC Life, SBI Life shed up to 4%

The GST Council has announced the formation of a new Group of Ministers to review the issue of GST rate reduction on health insurance.

GST indecision pressure insurance stocks; HDFC Life, SBI Life shed up to 4%
Updated On : 10 Sep 2024 | 4:26 PM IST

SBI Life fined Rs 1 cr by insurance regulator for 'violating norms'

IRDAI's says investigation was based on various charges arising from an on-site inspection and several regulations under the Insurance Act of 1938

SBI Life fined Rs 1 cr by insurance regulator for 'violating norms'
Updated On : 10 Sep 2024 | 11:20 AM IST

HDFC Life, SBI Life stocks rally up to 3% on Gadkari's GST withdrawal plea

Life insurance stocks: While analysts laud the proposal to withdraw GST on life, medical insurance premiums, they suggest investors wait for the Finance Ministry's before taking any investment call

HDFC Life, SBI Life stocks rally up to 3% on Gadkari's GST withdrawal plea
Updated On : 31 Jul 2024 | 3:26 PM IST

Buy & sell ideas for July 01 from Anand Rathi: Nestle, SBI Life, ONGC

Notably, SBI Life has recently broken out of this consolidation range and is now sustaining levels above it, indicating a potential upward trend

Buy & sell ideas for July 01 from Anand Rathi: Nestle, SBI Life, ONGC
Updated On : 01 Jul 2024 | 6:22 AM IST

SBI plans to open 400 new branches across country in FY25: Chairman Khara

As part of the network expansion plan, State Bank of India (SBI) is planning to open 400 branches across the country in the current financial year. The country's biggest lender opened 137 branches last fiscal. Of the total, 59 new rural branches were launched. "Somebody asked me if 89 per cent of digital and 98 per cent transactions were happening outside the branch, whether the branch is required anymore. My answer is yes. It is still required because there are newer areas which are emerging," SBI Chairman Dinesh Kumar Khara told PTI in an interview. There are certain services like most of the advisory and wealth services that can be offered only from the branch, he said. "We will be identifying locations where the opportunity exists, and in those locations, we plan to open branches. Almost 400 branches we plan to add this year," he said. SBI has a network of 22,542 branches across the country as of March 2024. Asked about the monetisation of subsidiaries, Khara said that SBI wo

SBI plans to open 400 new branches across country in FY25: Chairman Khara
Updated On : 23 Jun 2024 | 12:34 PM IST

SBI Life, HDFC Life: Analysts pick top insurance stocks after May biz data

Insurance stocks to buy: In the immediate future, analysts said the revised surrender charges regulations, as and when they are announced, will be vital for growth trajectory in FY25

SBI Life, HDFC Life: Analysts pick top insurance stocks after May biz data
Updated On : 13 Jun 2024 | 12:21 AM IST

Dixon Tech, Indus Towers among top bets of insurance companies in April 2024

Indian life insurance industry, excluding LIC of India, Nuvama said, commands an impressive aggregate equity assets under management (AUM) of nearly Rs 4.5 trillion, Nuvama said

Dixon Tech, Indus Towers among top bets of insurance companies in April 2024
Updated On : 08 May 2024 | 7:35 PM IST

Higher surrender value to badly hit life insurers margins: Report

The recent regulatory push to increase the surrender value of a life policy through the revised concept of threshold limit and adjusted guaranteed surrender value for all non-linked policies, if implemented, will hit the margins of the insurers, warns a report. The Insurance Regulatory and Development Authority (Irdai) earlier this month put out a draft circular proposing an increase in the surrender value of a life policy by revising upwards threshold limits and the adjusted guaranteed surrender value for all non-linked policies, both par and non-par. Surrender value is the amount that an insurer pays to a policyholder in case he or she terminates the policy before maturity. The move if implemented as the current format will affect the overall margins of life insurance companies, India Ratings said in a note on Thursday without quantifying by how much given the complex calculations being proposed. But the agency also believes that defining the thresholds for surrender value will b

Higher surrender value to badly hit life insurers margins: Report
Updated On : 21 Dec 2023 | 9:47 PM IST

Easing yields, oil prices lift Sensex 320 pts; Pharma stocks steal the show

Closing Bell on September 29, 2023: The Nifty50, on the other hand, gained 115 points to shut shop at 19.638. Sectorally, the Nifty Pharma index jumped the most, up 2.7 per cent

Easing yields, oil prices lift Sensex 320 pts; Pharma stocks steal the show
Updated On : 29 Sep 2023 | 3:59 PM IST

Stocks to Watch: Tata Motors, L&T, CEAT, Tata Motors DVR, SBI Life, BPCL

Stocks to watch on July 26, 2023: Tata Motors announced the cancellation of its DVR shares. Under the scheme, 7 ordinary shares of the company will be issued for every 10 DVR shares

Stocks to Watch: Tata Motors, L&T, CEAT, Tata Motors DVR, SBI Life, BPCL
Updated On : 26 Jul 2023 | 8:12 AM IST

Stocks to Watch today, June 14: Adani Group, Zee, RIL, Maruti, SBI Life

Stocks to watch on June 14, 2023: BHEL, Delta Corp, Indiabulls Housing Finance, IEX, India Cements and Manappuram Finance are the six stocks in F&O ban period today.

Stocks to Watch today, June 14: Adani Group, Zee, RIL, Maruti, SBI Life
Updated On : 14 Jun 2023 | 7:47 AM IST

A 'nifty' little move: HDFC Life, SBI Life lead earnings upgrades

FY24 earnings growth to be led by BFSI, oil and gas, metal, and automotive

A 'nifty' little move: HDFC Life, SBI Life lead earnings upgrades
Updated On : 05 Jun 2023 | 6:01 AM IST

Not a merger, only acquisition of life insurance of Sahara India: SBI Life

It also said it is expeditiously working on the process of integrating all these policyholders (of Sahara India Life) in its systems

Not a merger, only acquisition of life insurance of Sahara India: SBI Life
Updated On : 02 Jun 2023 | 11:39 PM IST

Irdai asks SBI Life to acquire Sahara India's Life Insurance business

Regulator Irdai on Friday directed SBI Life Insurance Company to take over the policy liabilities of around two lakh policies along with assets of Sahara India Life Insurance Co. Ltd (SILIC) with immediate effect. The decision was taken at the meeting of the Insurance Regulatory and Development Authority of India (Irdai) in view of deteriorating financial health of the SILIC. "The Authority has identified SBI Life Insurance Company Limited (SBI Life), which is one of the largest life insurers in the country with satisfactory financials, as the acquirer insurer of the life insurance business of SlLIC. "SBI Life shall take over the policy liabilities of around two lakh policies of SILIC, backed by the policyholders' assets, with immediate effect," Irdai said in its order. In a statement, the Irdai said it has also taken necessary steps to ensure the smooth transition for all policyholders of SILIC.

Irdai asks SBI Life to acquire Sahara India's Life Insurance business
Updated On : 02 Jun 2023 | 7:45 PM IST

SBI Life Q4 Results: Profit rises 15%, new business premiums rose 27%

The net premium income for the reporting quarter jumped 14% to Rs 19,897 crore as against Rs 17,434 in the year-ago period

SBI Life Q4 Results: Profit rises 15%, new business premiums rose 27%
Updated On : 26 Apr 2023 | 8:24 PM IST

Sensex rises 170 pts, Nifty tops 17,800; GSFC leaps 20%, MCX crashes 6%

CLOSING BELL: There were 21 gainers of the 30-pack index, and 33 on the 50-pack index, led by Power Grid, Nestle India, Tata Consumer Products, IndusInd Bank, L&T, HCL Tech, Tata Motors, SBI Life, HUL

Sensex rises 170 pts, Nifty tops 17,800; GSFC leaps 20%, MCX crashes 6%
Updated On : 26 Apr 2023 | 4:17 PM IST

SBI explores options of installing iris scanner at Bank Mitra channel

State Bank of India (SBI) on Friday said it is exploring options for installing an iris scanner at Banking Correspondent or Customer Service Point to address the challenges faced by senior pensioners or customers. This will save senior citizens from going to branches and withdrawing pensions at their nearest Bank Mitra channel. "Bank has also been examining options of installing Iris scanners at our BC/CSP (Bank Mitra) channels to address the challenges faced by our Senior Pensioners/ Customers," SBI said in a statement. SBI has always aligned its business goals with national priorities, and focused attention is given to a range of financial inclusion activities, it said. However, it said, an unfortunate incident has recently come to light where one of the senior citizen customers faced difficulty in withdrawing her old age pension from the nearby CSP (Bank Mitra) in Jharigaon block of Nabrangpur district of Odisha on account of her fading fingerprints not being recognised by the .

SBI explores options of installing iris scanner at Bank Mitra channel
Updated On : 21 Apr 2023 | 8:54 PM IST

Motilal Oswal sees 17% upside potential for top-100 stocks by market-cap

Adani Ports, Hindalco among stocks with 100 per cent 'Buy' rating by analysts.

Motilal Oswal sees 17% upside potential for top-100 stocks by market-cap
Updated On : 10 Mar 2023 | 10:52 PM IST

New tax norm to hurt insurers; stocks attractive for the long run: Analysts

Analysts expect stocks to remain under pressure in the near-term as the government's new tax regime push, with no tax saving deductions, could hurt demand for insurance products

New tax norm to hurt insurers; stocks attractive for the long run: Analysts
Updated On : 17 Feb 2023 | 12:28 AM IST

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

LIC, HDFC Life, SBI Life: Budget 2023 proposals dismantle bullish trends
Updated On : 02 Feb 2023 | 11:54 AM IST