JPMorgan turns bullish on life insurance stocks, picks Max Financial as top bet
JP Morgan has upgraded life insurance stocks to 'overweight' due to recent price drops and anticipated growth. The brokerage favors Max Financial, SBI Life, HDFC Life, ICICI Prudential, and LIC, expecting GST exemptions to boost retail protection sales and improve margins. Despite potential commission payout changes, larger insurers are poised to gain market share.
