ICICI Lombard, Go Digit to New India Assurance: Why are General Insurance Stocks Rising? Explained

Stock Market Today: ICICI Lombard, Go Digit to New India Assurance, The General Insurance Stocks, Gained during the ICENED DURINED The INTRADAY Trades on Wednsday Despite Weak Markets.

Here is whose general insurance stocks are waiting on Wedns. Explained

The Gains in the General Insurance Stocks, Such as ICICI Lombard General Insurance Company Ltd., Go Digit General Insurance Ltd, The New India Assurance Company Ltd., And Otures, ARE FUCTES There is speculation about the government of India (goi) approoving the Insurance Regulatory and Development Authority of India or Irdai’s Proposal to RAISE TERM Plan Insurance Premiums. LED by these expectations, the general insurance stocks are waiting today.

Avinash Gorakshkar, Head of Research at Profitmart Securities, Attributed the Rise in General Insurance Stocks to the Buzz About The Government of India (Goi) Considing Approving Approving Approid Hike in the term plan insurance Premiums by Around 18%.

This has triggered buying buzz in general insurance stocks, as dalal street believes the goi move would fuel review and duty of the general insurance companies by around 4% to 5%, SAID GORAKSHKAR. However, it is completely speculative, as the goi has yet to make any announsement, added gorakshkar. Thos who has a high risk apptite can look at icici lombard shares, as it has the highest market share and business volume, said grarakshkar.

General Insurance Sector –nalyst views

The General Insurance Industry Posted Growth of 6.5% Year-On-Year in May ’25, as per jm JM Financial Institutional Securities Data. The segmental data continued to signal positive signs in May 2025-Fire Grew 17% Year-On-Year To 26000 Crore, Engineering Grew 35% to 520 Crore, and Health Grew 9% Year-On-Year To 9100 Crore, as per jm financial.

Despite the general insurance sector’s modest like-to-lake growth of 8.6%, fy26 got off to a robust start in april and may, with yoy growth of 10% plus as per jm financial. Their preferred insurer at the current market price is ICICI Lombard, which they value at 32 times fY27 estimated earnings per share of 67 with a target price of INR 2,150 for growth of 13% and 15% in fy26 and fy27, respectively, and an roe that is containually over 17%.

General Insurance Stocks – Share Price Movement

General Insurance Stocks, Such as ICICI Lombard General Insurance Company Ltd., Go Digit General Insurance, And The New India Assurance Company, Among Others, Gained Up to 1.5% DURINED UNEDES Wednsday Despite Weakness in the Indian Stock Markets.

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