India's HDFC Life Insurance posted a 15% rise in first-quarter profit on healthy premium growth on Monday, helped by strong demand for its market-linked products in a booming stock market.
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LIC, SBI and HDFC record the highest new business premiums and sold the highest number of policies in April-December 2024.
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HDFC Standard Lifes total premium crossed the Rs 16000 crore mark. During the year, Standard Life Mauritius increased its stake in HDFC Standard Life Insurance Company from to 35% from 26%.
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Indian stock markets experienced volatility as the Sensex fell 329.92 points (0.43%) to 76,190.46 and the NIFTY dropped ...
"We have seen a shift toward the pure protection products as compared to the return of premium policies," said SBI Life ...