Long-term prospects to strengthen investment in life insurance stocks

Taxation proposals, lower volumes may weigh on near term prospects

Devangshu Datta
Last Updated at March 23, 2023 00:20 IST

Valuations, long-term prospects strengthen investment case in life insurance stocks

The 2023 Budget set off a downtrend in the listed life insurance company stocks. The key reason was a proposal to tax income from insurance policies (other than unit-linked insurance plans or ULIPs) with a premium, or aggregate premium, of above Rs 500,000 per annum. This impacted the traditional savings profile since it affected the returns for these products.

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