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HDFC Life, SBI Life, ICICI Prudential shares: How insurance stocks are moving ahead of Budget 2025

HDFC Life, SBI Life, ICICI Prudential shares: How insurance stocks are moving ahead of Budget 2025

Union Budget 2025: The Budget is anticipated to bring forth reforms to bolster the expansion and reach of the insurance industry in India.

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Aseem Thapliyal
Aseem Thapliyal
  • Updated Feb 1, 2025 9:31 AM IST
HDFC Life, SBI Life, ICICI Prudential shares: How insurance stocks are moving ahead of Budget 2025HDFC Life Insurance Company Ltd surged 0.13 per cent at Rs 638.95.

Shares of general and life insurance companies were trading on a mixed note ahead of Union Budget 2025 to be presented in Parliament today. ICICI Lombard General Insurance Company stock climbed 0.55 per cent to Rs 1867 on BSE. Shares of ICICI Prudential Life Insurance Company slipped 0.25% at Rs 615.05.

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HDFC Life Insurance Company Ltd surged 0.13 per cent at Rs 638.95. SBI Life Insurance Company Ltd traded flat at Rs 1481 against the previous close of Rs 1484.35.

Life Insurance Corporation of India added 0.96 per cent to Rs 853.55 against the previous close of Rs 845.40.

The Budget is anticipated to bring forth reforms to bolster the expansion and reach of the insurance industry in India.

Insurers are expecting additional tax exemptions for protection and health insurance products, and adjustments to the new tax regime in this year’s Union Budget. These measures are expected to enhance affordability and boost sector growth and penetration.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

ABOUT THE AUTHOR

Aseem Thapliyal
Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

Published on: Feb 1, 2025 9:31 AM IST
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