 "ICICI Prudential Mutual Fund")
Private sector insurer ICICI Prudential Life Insurance reported a 8.36 per cent growth in its pre-tax profit at Rs 311 crore in Q1FY21 compared to Rs 287 crore in Q1FY20 due to growth in renewal premiums and de-growth in expenses on account of the cost cutting measures undertaken by the company. The net profit of the private insurer grew 1 per cent to Rs 288 crore versus Rs 285 crore on account of higher effective tax.
The company reported a year on year decline of 32.6 per cent in new business premium to Rs 1,499 crore in Q1FY21 compared to
