Hedge with insurance stocks: HDFC Life, SBI Life, & ICICI Prudential may offer 16-20% returns

Asit C. Mehta brokerage recommends buying HDFC Life, ICICI Prudential, and SBI Life insurance stocks, expecting returns of 16-20%. Coverage emphasizes the growth potential of these companies despite regulatory changes and shifting consumer preferences. The brokerage also has a hold rating on LIC of India and Max Financial Services.