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ICICI Bank stock gains 2% on stake sale

ICICI Bank stock gains 2% on stake sale

Shares of ICICI Bank on Tuesday surged nearly 2 percent on the bourses after the company said it will sell 6 per cent stake in its life insurance arm ICICI Prudential Life for about Rs 1,950 crore.

 

Life insurance market clocks 20% growth in first quarter

After witnessing de-growth since 2010, the life insurance industry rebounded in the first quarter of the fiscal recording a robust 20 percent growth in new premium income.

ICICI Prudential Life launches new product

This unit-linked product will allow customers to protect their capital on maturity and have a potential for upside through an exposure to equities, it added.

IRDA probing money laundering allegations against insurers

Insurance regulator IRDA Monday said it is examining the allegations of money laundering levelled against LIC, Reliance Life, Tata AIA and Birla Sunlife and action will be taken against the guilty at the earliest.

Irda report on money laundering by insurance cos likely next week

Insurance regulator Irda Friday said it is likely to finalise report by next week on the allegations of money laundering by three companies - HDFC Life, ICICI Prudential Life and Max Life - following and expose by Cobarapost.

ICICI Prudential Life Insurance launches new policy

ICICI Prudential Life Insurance Company Ltd (ICICI Prudential Life) has announced the launch of ICICI Pru Shubh Retirement, a new policy for its clients throughout the country including Sikkim to address the growing need for post retirement income.