Budget 2025: Insurance stocks SBI Life, HDFC Life and others gain over 3% on increase in FDI limit

Finance Minister Nirmala Sitharaman announced raising the FDI limit in the insurance sector from 74% to 100%, boosting shares of major insurers like HDFC Life and SBI Life. The move aims to attract more foreign investments, support the rupee, and enhance insurance penetration in India. Experts believe it will foster innovation and improve risk management in the sector.