DERIVATIVES FUTURE : BUY TODAY SELL TOMORROW ICICI Prudential Life Insurance Company Limited

• July 27, 2021
• By Ruhul AMIN Mondal
• 102 Views 245 comments

ICICI Prudential Life Insurance Company Limited is a life insurance company in India. Established as a joint venture between ICICI Bank and Prudential plc,^[3] ICICI Prudential is engaged in life insurance and asset management business. The firm offers long term life insurance plans and is headquartered in Mumbai. In 2016, the firm became the first insurance company in India to be listed in the domestic stock exchanges. ICICI Prudential Life Insurance started its operations in 2001. The life insurance arm was established as a joint venture between ICICI Bank and Prudential Corporation Holdings Limited^[4] with assets under management (AUM) of approx. ₹100 crore (US$14 million) . In 2016, ICICI Prudential became the first insurance company to be listed in Indian stock market, namely Bombay Stock Exchange and National Stock Exchange.^[8] The IPO, where the parent company ICICI Bank offloaded 12.65 per cent of its shares, was termed as biggest in the Indian market since 2010 with its market capitalisation of ₹5,000 crore (US$700 million). Temasek Holdings, Premji Invest and Government of Singapore are other major shareholders of the company . In 2020, ICICI Prudential had crossed ₹2 trillion (US$28 billion) mark in assets under management (AUM).^[13] The total premium income was ₹32,000 crore (US$4.5 billion) of which ₹12,000 crore (US$1.7 billion) was from the new business premium while approx. ₹21,000 crore (US$2.9 billion) was of the renewal premium

Script Name –ICICI Prudential Life Insurance Company Limited

Expire Date-JULY

Buy Price –653

Profit Target-665

Stop Loss-650

Call Duration-CARRY FORWARD

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