ICICI Prudential Life Insurance

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

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

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

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

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

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

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

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

Oman India Joint Investment Fund II offloaded over 0.5 million shares, while ICICI Pru bought over 0.4 million shares in the company

CRISIL Ratings reaffirmed 'AAA' rating with a 'Stable' outlook for ICICI Prudential's Non-Convertible Securities worth Rs 1,200 crore

The GST Council has announced the formation of a new Group of Ministers to review the issue of GST rate reduction on health insurance.

Star Health, ICICI Lombard, ICICI Pru Life, SBI Life and HDFC Life stocks have zoomed up to 28% so far in the September quarter. Time to keep track of these key pivot points as per technical charts.

There is some post-Q1FY25 guidance on growth and margins as follows: HDFC Life targets doubling VNB in four years and hopes to outpace the industry in retail APE (annual premium equivalent) growth

Derivatives market update: In the last 4 trading sessions, the Nifty and Bank Nifty, both, have witnessed short-covering as prices rose on the back of 20% and 16% decline in open interest.

ICICI Prudential Life Insurance Company on Wednesday said that its assets under management have crossed a significant milestone and touched Rs 3.14 lakh crore as on July 31. The company has covered 9.84 crore lives and the total in-force sum assured exceeds Rs 35 lakh crore, as per an official statement. ********************************** * Sourav Ganguly appointed on the board of Blue Ocean Corporation Former cricketer Sourav Ganguly was on Wednesday appointed on the board of Blue Ocean Corporation. The corporation, which is into supply chain management consulting and training, is aiming to grow its business in the UK, Middle East and India, as per an official statement. ********************************** * Axis Bank integrates with GST portal to help commercial card clients Axis Bank on Thursday said it has integrated with the Goods and Services Tax portal, which will help its commercial card clients to make GST payments easily. The clients will also benefit by optimizing th

ICICI Prudential Life on Monday said it has simplified the claim settlement process for nominees or beneficiaries of individuals affected by the Wayanad landslide tragedy. The processing of claims, including those covered under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), will be done based on just three basic documents which are required to be submitted by nominees to settle claims, the insurer said in a statement. These are bank account numbers with IFSC codes or cancelled cheque copies of the bank account, death certificate issued by the local municipal authorities. In case the death certificate is not available, the list of deceased issued by hospitals, government authorities or police will be accepted. Basic documents also include copy of valid KYC documents such as PAN card/ Form 60, recent photograph, any one of officially valid documents (Aadhaar card, passport, driving license, voter ID, NREGA Job card or letter issued by the National Population Register). "All ..

Technical charts suggest that bias for insurance shares, barring Star Health, remain upbeat; hence, these stocks could see up to 12 per cent further upside from current levels.

The agency growth was driven by the addition of more than 12,000 agents, plus the launch of new products

The company reported a healthy Q1FY25 performance, driven by a strong 34.4% APE growth and VNB margin at 24% resulting in a slight miss of around 1% on VNB to Rs 470 crore, analysts said.

Stocks to Watch today, Wednesday, July 24, 2024: HUL reported a 2.2 per cent Y-o-Y rise in consolidated net profit at Rs 2,610 crore for Q1FY25, in line with market expectations