Insurance Stocks Surge on FDI Limit Increase Announced in Budget 2025
1st Feb 2025
FDI Limit Hike in Insurance Sector
Shares of insurance companies rose as Finance Minister Nirmala Sitharaman said the FDI limit in the insurance sector has been hiked to 100% from the current limit of 74%. The FM is presenting her 8th Union Budget in Parliament today.
Performance of Key Insurance Stocks
ICICI Lombard General Insurance Company stock climbed 2.62% to Rs 1906.55, ICICI Prudential Life Insurance Company shares gained 4.23% to Rs 642.70, HDFC Life Insurance Company Ltd surged 4.56% to Rs 667.25, SBI Life Insurance Company stock rose 2.86% to Rs 1526.85, and Life Insurance Corporation of India added 2.86% to Rs 869.65. Shares of Star Health also zoomed 6.73% to Rs 462.75.
Budget 2025 Presentation
The strong performance of insurance stocks comes as the Finance Minister is presenting the Union Budget 2025 in Parliament today.
Shares of insurance companies rose as Finance Minister Nirmala Sitharaman said the FDI limit in the insurance sector has been hiked to 100% from the current limit of 74%. The FM is presenting her 8th Union Budget in Parliament today.
Performance of Key Insurance Stocks
ICICI Lombard General Insurance Company stock climbed 2.62% to Rs 1906.55, ICICI Prudential Life Insurance Company shares gained 4.23% to Rs 642.70, HDFC Life Insurance Company Ltd surged 4.56% to Rs 667.25, SBI Life Insurance Company stock rose 2.86% to Rs 1526.85, and Life Insurance Corporation of India added 2.86% to Rs 869.65. Shares of Star Health also zoomed 6.73% to Rs 462.75.
Budget 2025 Presentation
The strong performance of insurance stocks comes as the Finance Minister is presenting the Union Budget 2025 in Parliament today.