Insurance stocks saw strong buying interest despite a weak market today.
SBI Life jumped 3% after posting sharp growth in renewal premiums.
LIC, HDFC Life and ICICI Prudential also saw moderate gains.
Life insurance penetration in India is still under 4%—huge r
unway ahead.
Digital sales channels and policy automation are improving margins.
Analysts expect ULIP and term plan sales to grow 20% in FY26.
India's rising middle class and awareness are fueling sector
growth.
Top brokerages have upgraded SBI Life to a "Buy" rating.