Which Life Insurance Company has been added to the Morgan Stanley Capital International's Global Standard Index while Union Bank of India(UBI) was removed from its India Smallcap Index?

  • 1Max Life Insurance Company Ltd
  • 2SBI Life Insurance Company Ltd
  • 3HDFC Life Insurance Company Ltd
  • 4ICICI Prudential Life Insurance Ltd
Answer:- 3

MSCI Inc ( Morgan Stanley Capital International), One of the world's biggest index compilers, has added HDFC Life Insurance Company Ltd. to its Global Standard Index and removed Union Bank of India(UBI) from its India Smallcap Index. The changes in the MSCI Index will be implemented as of the closing hours of August 27, 2019.After the announcement made by the MSCI, the stocks of HDFC Life gained more than 5 % intraday to hit a record high of Rs 545& the shares of Union Bank corrected 2 % at Rs 62.40.

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