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As 6 pvt insurers set to increase term plan premiums, LIC won't raise rates


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Trading tips by Ajit Mishra of Religare Broking: Buy Lupin, LIC Housing Fin


Stop loss: 450
LIC Housing Finance has witnessed a fresh breakout of late, after spending nearly a month in a consolidation range. Besides, it has also surpassed the hurdle of the declining trendline on the weekly chart. All indications are in the favor of prevailing momentum to continue. Traders should not miss this opportunity and accumulate in the mentioned range.
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Disclaimer: Ajit Mishra is VP - Research at Religare Broking
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Planning for early retirement? This new policy from ICICI Prudential can help you


Updated Mar 23, 2021 | 12:12 IST
The private life insurance company has launched a new goal-based savings product – ICICI Pru Guaranteed Income for Tomorrow.
Representational image 
New Delhi: If you are planning for early retirement then ICICI Prudential Life Insurance Company s new insurance plan can help you. The private life insurance company has launched a new goal-based savings product – ICICI Pru Guaranteed Income for Tomorrow (GIFT), which provides guaranteed income to policyholders to help them achieve their long-term financial goals. This non-participating savings product can enable customers to eliminate the uncertainty of future income streams to a large extent while providing life cover, which is essential to secure the future of your family. ....

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ICICI Pru Life Q3 PAT rises 1% YoY to Rs 305 cr


ICICI Prudential Life Insurance Company posted 1% rise in standalone net profit to Rs 305.55 crore in Q3 FY21 compared with Rs 302.46 crore in Q3 FY20.The insurance company s total income jumped 119% to Rs 28,760 crore in Q3 FY21 as against Rs 13,132 crore in Q3 FY20. The company s net premium income increased by 10.3% to Rs 8970.84 crore in Q3 FY21 over Q3 FY20. The result was announced after market hours yesterday, 27 January 2021.
The company s profit before tax stood at Rs 350.74 crore in Q3 FY21, 8.5% higher than Rs 323.16 crore in Q3 FY20. Current tax expense was sharply higher at Rs 45.19 crore in Q3 FY21 from Rs 20.7 crore in Q3 FY20. ....

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