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SBI Life, HDFC Life: Should you bet on insurance stocks amid Covid-19?

Most insurance stocks were trading in the positive territory in the morning trade on Thursday. For instance, ICICI Lombard was up over 5 per cent at Rs 1,451 on the BSE while ICICI Pru Life was trading 1.65 per cent higher at Rs 455.40. SBI Life Insurance, on the other hand, was quoting nearly a per cent higher at Rs 855.45. In comparison, the benchmark S&P BSE Sensex was trading flat at 43,817.99 levels.  According to a Business Standard report, life insurers reported a 32 per cent jump in new business premiums (NBP) in October, helped by healthy growth in single premiums and group.....

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