Bagchi's last working day at ICICI Prudential Life will be October 13; he is expected to be introduced to HDFC Bank investors when it announces Q2 results
The incumbent Anup Bagchi has tendered resignation after HDFC Bank announced his appointment on Thursday as MD & CEO of the bank, effective from October 13, 2026
Insurance stocks jolted: The Insurance Regulatory and Development Authority of India (Irdai) on Wednesday proposed a phased reduction in the expenses of management (EoM) limits for insurers.
The lender bought about 29 million shares through the stock exchange mechanism between July 22 and September 2, taking its holding in the life insurer to 52.8 per cent
Life and general insurers are expanding AI deployment across underwriting, claims, fraud detection and customer service to improve efficiency, productivity and turnaround times
The insurer says its decade-long bancassurance partnership with Standard Chartered remains strong despite speculation following Prudential Plc's Bharti AXA Life acquisition
ICICI Pru Life had announced its Q1 results on Wednesday, reporting a 27.8 per cent Y-o-Y rise in net profit to ₹386.2 crore for the first quarter of FY27
HDFC Life and ICICI Prudential Life Insurance reported double-digit growth in first-quarter profit, supported by higher premium collections, investment income and healthy business growth
Higher premium collections and investment income lifted ICICI Prudential Life's Q1FY27 profit, while VNB rose 25 per cent and its margin improved to 26.7 per cent
The Indian insurer posted a profit after tax of ₹386 crore ($40.11 million) for the three-month period ended June 30, a jump from ₹302 crore a year earlier
Q1FY27 company results: Firms including HDFC Life Insurance Company, ICICI Lombard, Jana Small Finance, HDB Financial Services are also set to release their earnings today
Life insurers' new business premium rose 13.07 per cent in June, as strong growth by private insurers offset modest gains at LIC and lifted the industry's overall performance
The insurer will seek Irdai approval for the name change as Prudential Corporation Holdings begins the process of reclassification from promoter to investor
ICICI Prudential Life will seek IRDAI approval to reclassify Prudential as an investor after the UK insurer agreed to acquire a 75 per cent stake in Bharti Life Insurance
In the past one month, ICICI Prudential Life (down 18%), HDFC Life (down 12%) and SBI Life (down 9%) underperformed the Sensex, which was down 2.6% during the same period.
Experts said lack of a strong bancassurance or agency network could remain a structural hurdle for Bharti Life Insurance, even as Prudential brings capital strength and experience in India
ICICI Bank reaffirmed its long-term commitment to ICICI Prudential Life Insurance after Prudential plc announced plans to reduce its stake below 10 per cent
