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Planning to buy insurance stocks? Here are Emkay Global’s recommendations

Updated : 2020-02-12 14:28:55

Insurance companies witnessed moderate premium growth in January 2020, said Emkay Research in a report. The brokerage believes that the private insurance players are unlikely to see any significant shift in premium growth due to the recent announcements made in the Union Budget 2020, given a diversified product suite and evolving distribution ecosystem. Here are Emkay’s recommendations on insurance stocks:

(Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions.)

The brokerage has a 'buy' rating on SBI Life Insurance with a target price of Rs 1,100. SBI Life reported an annualised premium growth of 17.3 percent YoY to Rs 1,240 crore in January 2020.
The brokerage has a 'buy' rating on SBI Life Insurance with a target price of Rs 1,100. SBI Life reported an annualised premium growth of 17.3 percent YoY to Rs 1,240 crore in January 2020.
HDFC Life reported an annualised premium equivalent growth of 12.2 percent YoY in January 2020 to Rs 670 crore. The brokerage has a 'hold' call on the stock with a target of Rs 580.
HDFC Life reported an annualised premium equivalent growth of 12.2 percent YoY in January 2020 to Rs 670 crore. The brokerage has a 'hold' call on the stock with a target of Rs 580.
The brokerage said that ICICI Prudential’s combo term+Par plan, iProtect and savings suraksha, which mimics the return of premium (ROP), seems to be picking up well. It has a 'buy' call on the stock with a target price of Rs 545.
The brokerage said that ICICI Prudential’s combo term+Par plan, iProtect and savings suraksha, which mimics the return of premium (ROP), seems to be picking up well. It has a 'buy' call on the stock with a target price of Rs 545.
Max Financial has also launched Return of premium (ROP) and limited pay protection products recently. The brokerage has a 'buy' call on the stock with a target price of Rs 600.
Max Financial has also launched Return of premium (ROP) and limited pay protection products recently. The brokerage has a 'buy' call on the stock with a target price of Rs 600.
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