Life insurance stocks gain after strong FY27 start; SBI Life, ICICI Prudential lead growth
New Delhi, May 11 -- Life insurance stocks were in focus on Monday, 11 May, with shares trading flat to slightly positive across counters. Shares of SBI Life Insurance edged higher by 0.8%, while ICICI Prudential Life Insurance gained 1.4%, HDFC Life Insurance rose 0.6%, and Life Insurance Corporation of India added 0.5%. Canara HSBC Life Insurance was among the top performers, up 1.6%.
The sector reported a strong start to FY27 in April, with robust growth across key metrics, though performance varied due to base effects.
Among private players, SBI Life Insurance led overall growth, with new business premium (NBP) soaring 80% year-on-year, supported by favourable comparisons with the previous period. Its annualised premium equivalent (...
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