SBI Life, HDFC Life: Analysts pick top insurance stocks after May biz data | News on Markets

SBI Life, HDFC Life: Analysts pick top insurance stocks after May biz data | News on Markets

SBI Life, HDFC Life: Analysts pick top insurance stocks after May biz data | News on Markets

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In May 2024, individual annual premium equivalent (APE) of the life insurance industry grew by 18.7 per cent year-on-year | Photo: Shutterstock


Top insurance stocks: Insurance policy sales data for May 2024 has eased analysts’ concerns over the slowdown in the life insurance sector. Though headwinds remain in the near-term, especially from any changes in surrender charges, analysts believe the ongoing financial year of 2024-25 (FY25) may turn out to be better than the year gone by.


“The growth of the Indian life insurance sector in FY24 was slower than the previous year. It is , however, expected that the sector will continue to experience growth in FY25, owing to improvements in technology and increased efforts to expand its market penetration,” wrote

First Published: Jun 12 2024 | 1:06 PM IST


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