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February life insurance data: Axis Max Life, Canara HSBC lead; SBI Life, LIC see base-driven gains
Life insurers reported strong February numbers. Axis Max Life’s premiums rose 30%, Canara HSBC Life’s jumped 52%, and LIC’s increased 24%. HDFC Life saw a 3% decline.
Max Financial explores merger with Axis Max Life to enable listing
Max Financial Services plans to merge with Axis Max Life Insurance to unlock shareholder value and list AMLI on stock exchanges by April 5, 2027.
Life insurers sharpen focus on annuity and pension products
The change comes with rising longevity, limited social security coverage and growing awareness around the need for stable post-retirement income. Pension and annuity segments together consist of 18.87% of the total life insurance industry, as of March 2025. This segment is growing faster than the industry for most insurance companies.
SBI Life FY22 tax demand slashed from ₹5,317 crore to ₹471 crore by Income Tax Dept
Shares of SBI Life Insurance Company Ltd ended at ₹1,931.00, down by ₹98.95, or 4.87%, on the BSE.
Central Bank receives CCI approval for acquisition of additional stake in GCICL and GCLICL
The Competition Commission of India on 03 March 2026 has approved the proposed combination related to acquisition of 1.09% additional equity in Generali Central Insurance Company (GCICL) and 0.82% additional equity in Generali Central Life Insurance Company (GCLICL) by Central Bank of India.
Dividend stock: Life insurer announces interim payout in first week of March
SBI Life Insurance has declared an interim dividend for FY26, fixing March 6 as the record date. The company recently reported steady profit and premium growth in the December quarter.
HDFC Life Insurance Company Ltd spurts 0.03%, up for five straight sessions
HDFC Life Insurance Company Ltd is quoting at Rs 733.4, up 0.03% on the day as on 12:44 IST on the NSE. The stock is up 17.75% in last one year as compared to a 12.33% gain in NIFTY and a 21.8% gain in the Nifty Financial Services.
Temasek, ADIA said to plan investing in Clean Max’s India IPO
Temasek Holdings Pte and Abu Dhabi Investment Authority plan to invest in Clean Max Enviro Energy Solutions Ltd.'s IPO, alongside HDFC Asset Management Co. Ltd and SBI Life Insurance Co.
ICICI Prudential Life Insurance hit with Rs 984 crore tax demand
ICICI Prudential Life Insurance faces a significant tax demand of Rs 984 crore. An appellate order upheld the demand, which relates to input tax credit reversal. The company plans to file a further appeal. Despite the large sum, ICICI Prudential Life states there is no immediate impact. This development concerns tax liabilities from July 2017 to July 2022.
Buzzing Stocks: LIC falls 3% on CFO resignation; Lodha Developers, Emcure Pharma gain on block deals
Share price of Life Insurance Corporation slipped nearly 3 percent after its Chief Financial Officer (CFO) Sunil Agrawal resigned from the post, effective July 14.
Sensex Today | Stock Market Live: Sensex slips 470 pts, Nifty below 24,150; Max Healthcare, JSW Steel, SBI Life top losers
Sensex Today | Stock Market LIVE Updates: Nifty Midcap index up 0.2% and Smallcap indices up 0.7%. Among sectors, metal, media, realty, oil & gas, power up 0.5-1% each. Adani Ports, Interglobe Aviation, Wipro, NTPC and Hindalco are among major gainers on the Nifty, while losers are Tata Consumer, Max Healthcare, JSW Steel, SBI Life Insurance, Axis Bank.
Buy ICICI Prudential Life Insurance; target of Rs 650: Motilal Oswal
Motilal Oswal is bullish on ICICI Prudential Life Insurance recommended buy rating on the stock with a target price of Rs 650 in its research report dated April 15, 2026.