Page 8 - Icici Prudential Life Insurance

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

ICICI Prudential Life Insurance reports net profit of Rs 306 crore in Q3

New business sum assured grew by 22.2 per cent year-on-year during the December quarter

AU Small Finance, ICICI Pru Life tie up to offer life insurance solutions

Through this tie up with ICICI Prudential Life Insurance, AU Bank aims to deliver paperless, secure, and hassle-free life insurance solutions

'Sector rotation, a trend we saw in 2020, will continue even in 2021'

Kumar believes that as long as liquidity remains ample, economic recovery gathers steam and the Covid-19 vaccine roll-out picks up pace, markets will keep climbing the wall of worry

Weekly stock picks by Ajit Mishra of Religare Broking: Buy Bata, Maruti

Bata India has been trading in a range for the last seven months, after a sharp slide from its record high.

Life insurers Q2 numbers reveal a toss up between growth and profitability

Strong premium income growth of SBI Life and HDFC Life in Q2 cements the Street's conviction, and at 27.4 per cent, VNB margin I-Pru Life surprises investors

As Covid-19 upends traditional functioning, insurance goes digital

With the Covid-19 pandemic having upended traditional ways of functioning, insurers are going the extra mile to adopt paperless processes, writes Subrata Panda

ICICI Pru Life Insurance: Focus on growth critical to curb underperformance

While the product mix has improved, sharp de-growth in premium is a worry

Insurance firms see surrenders decline in Q1, brace for trend to change

Companies look to hedge against policy surrenders by providing short-term loans as succour in pandemic

ICICI Bank Q1 PAT may jump 60% YoY on stake sale in insurance arms: Experts

A more optimistic estimate by analysts at Nirmal Bang Institutional Equities pegs the profit at Rs 4,016.4 crore, up a whopping 110.5 per cent YoY and 228.8 per cent QoQ

ICICI Prudential Life Insurance Q1 profit after tax up 0.9% to Rs 288 cr

VNB for Q1FY21 stood at Rs 201 crores with an expansion in VNB margin from 21.0% in Q1FY20 to 24.4% in Q1FY21

Insurance stocks in focus; SBI Life, HDFC Life up 4%; ICICI Pru slips 3%

The NBP of life insurance companies contracted 10.46 per cent YoY in June as compared to decline 32.6 per cent and 25.4 per cent in April and May, respectively

Axis Bank gets approval to raise up to Rs 15,000 cr to tide over Covid-19

In a meeting held on Thursday, the private lenders' board approved the capital raising plan through issue of equity shares/ depository receipts or any other instrument or securities

ICICI Bank gains over 3% after paring stake in ICICI Prudential Life

ICICI Pru Life's stock also rose 5.68 per cent to Rs 413.95 on the BSE after the stake sale

December updates indicate good health of life insurers, stocks rally

The 11-22 per cent increase in premium income, new offerings and push towards protection products are important drivers

New India Assurance, GIC rally up to 8% as govt may raise FDI limit to 74%

That apart, 37.2 per cent year-on-year (YoY) growth in new premiums between April-November further boosted buying sentiment.