Indian insurers fall as govt defers plan to cut tax on premiums

Max Financial Services

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;))