The Indian life insurance sector should address the 'elephant in the room' - high direct and indirect costs- so that it can move out of the shadow of the tax benefits driven growth model, said Emkay Global Financial Services Ltd in a .
Life insurers to cut costs to grow under new tax regime nagalandpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nagalandpost.com Daily Mail and Mail on Sunday newspapers.
Finance Minister Nirmala Sitharaman's Budget proposals have dealt double whammy for the life insurers and it would affect the topline growth of some private players, said Emkay Global Financial Services.In a research report, Emkay Global's .
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Shares of the insurer Life Insurance Corporation (LIC) fell nearly 2 per cent in early trade amid weak market sentiment today. LIC stock declined 1.71 per cent to Rs 786.60 against the previous close of Rs 800.25 on BSE. The market capitalisation of the public sector insurer fell to Rs 4,97, 334 crore today against a market cap of Rs 6,00,242 crore, going by the upper price band of India's largest initial public offer.