The insurance units of HDFC and ICICI groups saw a significant rise in COVID-19 related claims in the June quarter. This affected profit ratios and earnings of HDFC Life Insurance, ICICI Prudential Life Insurance and ICICI Lombard General Insurance. With claims coming in with a lag, the companies have stepped have up provisions. Still, the adverse experience is not holding them back in any significant manner.
In fact, ICICI Lombard which saw a sharp rise in health insurance claims is stepping up its sales
Moneycontrol Pro Panorama | Record MF inflow -- a boon or bane?
Mar 27, 2024 / 04:35 PM IST
in today's edition of Moneycontrol Pro Panorama: Bond demand remains strong, can SME IPOs continue its performance run, poll-bound...
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