Private insurance companies offer better gains than state-led ones

ICICI Prudential Life Insurance Company was one of the first core insurance companies to be listed, back in September 2016, and has risen 17% to 394.5 on the BSE from its listing price of Rs 3

Four of the six listed core insurance companies have performed in line with market expectations, with each of their scrips making significant gains, while the state-led ones continue to trade in and around their listing price. ICICI Prudential Life Insurance Company was one of the first core insurance companies to be listed, back in September 2016, and has risen 17 per cent to 394.5 on the BSE from its listing price of Rs 324.

Share price of HDFC Standard Life Insurance Company closed at Rs 498.95 on the BSE on Friday, gaining over 41 per cent against its listing price