Hello #finance enthusiasts! We are back with another #equity report on ICICI Prudential Life Insurance.
Established as a joint venture between ICICI Bank and Prudential plc, ICICI Prudential is engaged in life insurance and asset management business. It is the first insurance company in India to be listed in domestic stock exchanges. The firm offers long term life and health insurance plans. Initially it focused on high net worth individuals for their asset management but has now shifted to the retail insurance segment.
The company has transformed itself to provide many innovative products in small pockets specially on digital platforms. Apart from ICICI bank and Prudential, Temasek Holdings, Premji Invest and Government of Singapore are the major shareholders of the company.
During the pandemic life insurance sector has gained popularity, which has spurred the interest of investors in the sector.
We present to you this analysis report to understand this market sentiment.