SBI Life, HDFC Life, ICICI Prudential: Should you invest in insurance stocks amid IRDAI new reforms? Experts suggestion
State Bank of India is in focus.
28 Sept 2026 · LiveMint Markets
Prathamesh Kadival, Research Analyst at Bonanza, believes that India's insurance sector is entering an important phase as IRDAI pushes for lower costs, greater transparency and better value for…
The analysis
Against that, the stock is -1.1% on the day at ₹948.05, and has returned -8.7% over three months. It sits 23% below its 52-week high. The banks sector has moved -4.0% over the same period, so State Bank of India is running 4.7 points behind its peers.
With State Bank of India, HDFC Bank and ICICI Bank all implicated, this reads as a Banks-level move rather than a company-specific one, which is the more durable kind of signal.
Why it matters
- With IRDAI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- It touches several names at once (SBIN, HDFCBANK, ICICIBANK), which points to a sector-level rather than company-specific driver.
- Sector exposure: Banks.
In this story
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