10/9/2024, 11:36:03 am

SBI Life, HDFC Life shares trade 3% lower as GST cut on insurance premium

Shares of life insurance companies like SBI Life and HDFC Life fell up to 3.3% on the BSE on Tuesday after the much-awaited GST rate cut on health insurance has been postponed to the November meeting. SBI Life shares went down by 3.3% to Rs 1,839.50 and the shares of HDFC Life tumbled 3% to Rs 714.20. Star Health and Allied Insurance Company’s shares fell 1.4% to a day’s low.