Page 8 - Icici Prudential Life Insurance

ICICI Pru in discussion for onboarding Account Aggregator system: Official

ICICI Prudential Life Insurance Company Ltd (ICICI Pru Life) is in discussion for onboarding the Account Aggregator system, a financial data sharing platform to be regulated by the Reserve Bank. Earlier this month, the government unveiled the Account Aggregator (AA) network to allow sharing of financial data of individuals, which can be used by various financial services providers such as banks, insurers, fintech companies. "We really look forward to that. We have been in discussion for onboarding on that platform. What the system can really do is that it will digitise the whole journey (of data collection)...today if I have to ask a customer, I will have to ask for his bank statement, income tax statement among others. "It is a big enabler and there are some discussions. We will have to see operationally where exactly we are," Deepak Kinger, Chief - Risk and Compliance, ICICI Prudential Life Insurance Company (ICICI Pru Life), told PTI. When a customer buys an insurance policy, th

Osho Krishan of Anand Rathi is bullish on these two insurance players

SBI LIFE has been consolidating in a narrow range near its lifetime high zone from the past few trading weeks, indicating the formation of a strong base before another round of rally

Taper may push yields on domestic bonds upwards: Arun Srinivasan

Arun Srinivasan, senior executive vice president and head of fixed income, ICICI Prudential Life Insurance says 10-year G-sec benchmark may inch closer to 6.40-6.45 per cent by 2021 end

ICICI Pru, IIFL Wealth: Trading strategies for buzzing stocks of the day

IIFL Wealth Management is heading towards a new all time high, as per charts

ICICI Pru Life slips into red, logs Rs 186-crore loss in April-June quarter

Assets under management increased by 31.3 per cent to Rs 2.23 trillion at the end of the April-June quarter.

ICICI Prudential Life reports first quarter loss at Rs 186 crore

ICICI Prudential stock settled at Rs 604.85 on BSE, down 3.39 per cent from the previous close.

Price shock has ICICI Prudential Life's exec expecting hawkish RBI in Aug

India's retail inflation crossed outside the central bank's 2%-6% comfort zone recently, pushing yields higher on fears the Reserve Bank of India's policy tone will change as early as August in the di

Life insurers may have short-term pressure on profitability: ICICI Pru Life

The domestic life insurance industry may see pressure on its profitability in the short-term due to coronavirus pandemic, ICICI Prudential Life said in its annual report.

ICICI Pru announces Rs 867 cr annual bonus for participating policyholders

Around 980,000 customers are likely to benefit from this bonus

ICICI Pru Life announces highest-ever bonus of Rs 867 cr to policyholders

ICICI Prudential Life Insurance on Monday declared its highest-ever annual bonus of Rs 867 crore for the policyholders for FY21. "ICICI Prudential Life Insurance has announced an annual bonus of Rs 867 crore for all eligible participating policyholders for FY2021. The bonus declared is the highest ever by the company till date and is also 10 per cent higher than the bonus announced in the last fiscal" it said in a release. Bonus is the share of profits generated by the company's participating policyholder's funds, which are added to their guaranteed maturity benefits, thus enhancing the corpus. All participating policies in force as of March 31, 2021, are eligible to receive this bonus and will be added to the policyholders' benefits, said the insurer. A total of 9.8 lakh participating policyholders will benefit from this, taking them closer to their long-term financial goals. ICICI Prudential Life said this is the company's 15th consecutive year of declaring a bonus. The stringe

ICICI Prudential Life announces Rs 867 cr bonus for policy holders

ICICI Prudential Life Insurance has announced an annual bonus of Rs 867 crore for all eligible participating policy holders for FY2021.

Dabur, ICICI Pru: Stocks that Osho Krishan of Anand Rathi is bullish on

The 14-period RSI has seen positive crossover affirming the bullish stance in the Dabur counter from a short to medium-term perspective

ICICI Prudential surges 10% on strong performance in March quarter

The company posted a 23 per cent year-on-year growth in new business premium during the January-March quarter (Q4FY21), led by steady traction in both regular and single premium business

ICICI Prudential Life Insurance Q4 consolidated net profit declines 65%

The company's Board of directors recommended final dividend of Rs 2 per equity share

Expect top-line growth to return from March quarter: N S Kannan

We were an 82 per cent ULIP company but today we are at 48 per cent. So, we have been able to transform the product mix, says ICICI Prudential Life Insurance's Kannan

ICICI Pru Life confident to double value of new business premium in FY23

To attain the objective set in April 2019, the second-largest private sector life insurer will continue to increase its focus on protection and savings products

Covid-19 impact on claims may force insurers to review prices: Irdai exec

General and standalone health insurers have received 938,640 claims related to Covid-19 till March 15, says Suresh Mathur

Life insurers' new business premium up 21% in February at Rs 22,425 crore

Private insurers saw their NBP grow by 16% during the month to Rs 9,504.64 crore, compared with Rs 8,128.51 crore in February 2020

SBI Life, HDFC Life: Insurance cos eyeing reforms, stay invested: Analysts

While on one hand the Budget proposed to increase the FDI limit in the sector to 74 per cent, it also proposed to levy capital gains tax on ULIPs rendering insurance an unattractive investment option

I-Pru Life: New product mix to help meet investors' profitability hopes

At 25.6 per cent VNB margin, Q3 has been rewarding despite lower growth