Bernstein has issued recommendations on India’s life insurance sector, signalling notable opportunities and caution. The brokerage has given an outperform call on SBI Life Insurance,Max Financial Services, and HDFC Life, emphasising their stable growth prospects, strong compounding potential, and modest valuations. Bernstein sees these private insurers as prime avenues for exposure to high-income households in India.In contrast, Bernstein has rated ICICI Prudential Life Insurance as…
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Bernstein’s picks: SBI Life, Max Financial, HDFC Life outperform; ICICI Prudential underperform
