Indian insurers fall as govt defers plan to cut tax on premiums
23/12/2024 04:53
** Insurers fall after India govt panel on Saturday defers
plans to slash taxes on some life, health insurance premiums
** Life insurers LIC LIFI.NS , Max Financial MAXI.NS and
HDFC Life HDFL.NS fall 0.6%-1.4%
** Health insurers Star Health STAU.NS and ICICI Lombard
ICIL.NS down 2% and 0.7%, respectively
** YTD, MAXI up ~15% YTD, LIFI up ~8.5%, ICIL up ~33%, while
HDFL and STAU down ~4% and ~11%, respectively
(Reporting by Yagnoseni Das in Bengaluru)
((Yagnoseni.Das@thomsonreuters.com;))
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