Page 2 - Icici Prudential Life Insurance

Stocks to buy today, July 10: Marico, NTPC among analyst top picks

Analysts at Religare Broking maintain a bullish stance and recommend continuing with a "buy on dips" strategy, with a strong emphasis on stock selection

Trent & 6 others to trade ex-date for dividend, rights issue on June 12

Dividend stocks: Tata Chemicals has declared a final dividend of ₹11 per share, Trend ₹5, Swastik Safe Deposit & Investments ₹1, ICICI Prudential Life Insurance Company ₹0.85 and Avantel ₹0.2

Quick Routes Int'l exits Zinka Logistics; sells 9% stake for ₹672 crore

Quick Routes International on Tuesday exited Zinka Logistics Solutions by selling a 9 per cent stake in the company for Rs 672 crore through open market transactions. Zinka Logistics Solutions is the parent entity of logistics unicorn Blackbuck. According to the bulk deal data available on the NSE, Quick Routes International sold more than 1.59 crore shares in two tranches, representing a 9 per cent stake in Zinka Logistics. The shares were offloaded in the price range of Rs 420.06-420.25 apiece, taking the combined transaction value to Rs 671.76 crore. In a separate transaction on the NSE, Peak XV Partners' affiliate Peak XV Partners Investments VI disposed of 12.10 lakh shares in Zinka Logistics Solutions for Rs 53 crore. The shares were sold at an average price of Rs 444.71 per piece, taking the deal size to Rs 53.84 crore. Meanwhile, Abu Dhabi Investment Authority, Massachusetts Institute of Technology, ICICI Prudential Mutual Fund, SBI Mutual Fund and Nomura India acquired a

SBM Bank India, ICICI Prudential Life forge bancassurance partnership

SBM Bank India and ICICI Prudential Life Insurance Company have entered into a bancassurance partnership to offer an array of life insurance products to the bank's customers. This tie-up will enable the bank to cater to its customers a diverse set of solutions ranging from term insurance, long-term savings and wealth creation products to effectively planning for income on retirement, SBM Bank India said in a statement on Monday. Nikhil Rajadhyaksha, Head Retail Banking, SBM Bank India, said that with insurance penetration in India at 3.7 per cent in 2023-24, well below the global average of 7 per cent, there is substantial scope for market expansion. "By combining ICICI Prudential Life Insurance's innovative product portfolio and digital expertise with SBM Bank's vision of becoming a financial supermarket, we aim to deliver seamless, customer-centric solutions that enhance financial well-being and empower individuals with greater financial protection," Rajadhyaksha said. SBM Bank

Where is Gautam Sinha Roy of ICICI Pru Life Insurance investing now?

As a strategy, we prefer domestic-focused sectors like BFSI, Consumption, Industrials, Healthcare, and Telecom, says Gautam Sinha Roy, equity & fund manager at ICICI Prudential Life Insurance.

India's sovereign bond rally to spread on deeper easing, says ICICI Prulife

The central bank has also undertaken massive liquidity injections which have translated into deeper easing by pushing market rates below the policy rate

ICICI Prudential Life receives ₹3.67 crore tax order from GST authorities

ICICI Prudential Life Insurance on Friday said it has received an order from GST Commissioner (Appeals) upholding tax demand of about Rs 3.67 crore. On July 2, 2024, Central Goods and Service Tax (CGST) authorities in Mumbai had passed an order in this regard. The order denied part of service tax credit, which the company migrated to the GST regime in the 2017-2018 fiscal year, when GST was launched. Subsequently, the company had filed an appeal before the Commissioner (Appeals). In a regulatory filing, ICICI Prudential said "the company has received an order from the Commissioner of CGST & Central Excise (Appeals), Mumbai, on April 17 upholding the tax demand". The order includes GST liability of over Rs 1.83 crore and penalty of an equal amount. "The company shall file an appeal against the said order before appropriate authority," ICICI Prudential Life said.

ICICI Prudential jumps 6% after reporting Q4FY25 results, declares dividend

The company's annual Annualised Premium Equivalent (APE) for the quarter under review stood at ₹3,502 crore as compared to ₹3,615 a year ago, down 3.1 per cent

ICICI Pru Life Q4FY25 results: Net profit rises 122% to Rs 386 crore

The net premium income of the country's third-largest private life insurer rose by 10.7 per cent year-on-year (Y-o-Y) to Rs 16,369.17 crore in the reporting quarter

ICICI Prudential Life Q4 profit rises on strong group insurance demand

The insurer's standalone profit more than doubled to 3.86 billion rupees ($45 million) for the quarter ended March 31. Its quarterly net premium income grew 11% to 16.37 billion rupees

Q4 results today: ICICI Pru Life, Ireda among 9 to post earnings on Apr 15

Q4 FY25 company results, April 15: Nine firms including ICICI Prudential Life Insurance, ICICI Lombard General Insurance, and Ireda to release earnings report for Jan-Mar quarter

ICICI Pru Life Insurance gets Rs 328 cr tax demand notice for FY24

ICICI Prudential Life Insurance on Friday said it has received a demand notice of Rs 328.41 crore for the assessment year 2023-24. The demand notice has been sent by the Assistant Commissioner of Income-Tax, Maharashtra, ICICI Prudential Life Insurance said in a regulatory filing. The demand notice served on various counts, including shareholders' income taxed as income from other sources and certain marketing and advertising expense considered as inadmissible expenses and hence disallowed, it said. The company shall file an appeal against the said order before the Commissioner (Appeals) within the prescribed timelines, it added.

ICICI Prudential launches 'Pru GIFT Select' for guaranteed income

This product offers flexibilities to customers such as choosing when they want the guaranteed income to start, the duration of the guaranteed income & the amount that they get at the time of maturity

Valuations support ICICI Prudential Life despite margin challenges

After a sharp selloff, IPRU looks relatively inexpensive in valuations compared with its peers. Investors will have to offset continuing margin pressures versus the trend of volume growth

ICICI Pru Life down 10% as VNB margin misses estimates; analysts cut target

Why are ICICI Prudential shares falling: ICICI Prudential share tumbled 9.9 per cent to hit an intraday low of Rs 572.35 per share on the BSE as against a 0.5 per cent rise in Sensex index today

ICICI Prudential Life shares gain 3% after stellar premiums growth in Nov

Shares of ICICI Prudential Life Insurance company surged 2.84 per cent at Rs 694.90 per share on the BSE in Tuesday's intraday trade

IPRU Edge drives ICICI Prudential's agent productivity by 37% in H1FY25

Nearly 61 per cent of the life insurer's top-tier advisors are now active users of the stack

Life insurance stocks fall; HDFC Life, SBI Life, Max Financial dip up to 7%

According to the latest data, HDFC Life distributes 65 per cent of its insurance policies through banking channels, followed by SBI Life (60 per cent), Max Life (52 per cent), and ICICI Prudential

ICICI Prudential Life Q2FY25 results: Net profit rises to Rs 252 crore

The insurer's VNB margin, a measure of profitability, contracted to 23 per cent compared to 28 per cent last year

ICICI Pru Life Q2FY25 results: Net profit increases 3% to Rs 252 cr

ICICI Prudential Life Insurance Company on Tuesday reported a marginal rise of 3 per cent in its net profit to Rs 252 crore in the September quarter. The company's net profit stood at Rs 244 crore in the same quarter a year ago. Total income rose to Rs 25,229 crore from Rs 17,436 crore in the year-ago period, ICICI Prudential Life Insurance said in a regulatory filing. The net premium earned by the private sector insurer during July-September grew to Rs 10,754 crore against Rs 10,022 crore in FY24, it said. Its assets under management climbed 18 per cent to Rs 3,20,491 crore compared to Rs 2,44,279 crore as of September 30, 2023. The solvency ratio was 188.6 per cent at the end of September against the regulatory requirement of 150 per cent, it said. However, the Value of New Business (VNB), a key measure of profitability, increased to Rs 1,058 crore over Rs 1,015 crore at the end of the second quarter of the previous fiscal. Embedded Value grew 19.4 per cent to Rs 46,018 crore