Life Insurance Stocks Plummet After DFS Secretary's News

On a wacky Tuesday, life insurance stocks took a nosedive! SBI Life and Canara HSBC Life were the biggest losers after DFS secretary M Nagaraju told banks to ditch exclusive insurance partnerships. SBI Life ended down 3.32%, while Canara HSBC fell 4.36%. Analysts warn this could lead to higher prices for consumers. Will the insurance rollercoaster ever settle down? Stay tuned!