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ICICI Prudential Life Insurance rises on signing agreement with Airtel Payments Bank

ICICI Prudential Life Insurance Company is currently trading at Rs. 468.40, up by 5.00 points or 1.08% from its previous closing of Rs. 463.40 on the BSE.

The scrip opened at Rs. 466.20 and has touched a high and low of Rs. 470.50 and Rs. 463.35 respectively. So far 45849 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 471.60 on 30-Sep-2019 and a 52 week low of Rs. 277.95 on 04-Feb-2019.

Last one week high and low of the scrip stood at Rs. 471.60 and Rs. 424.10 respectively. The current market cap of the company is Rs. 67340.87 crore.

The promoters holding in the company stood at 74.98%, while Institutions and Non-Institutions held 17.81% and 7.21% respectively.

ICICI Prudential Life Insurance has signed a corporate agency agreement with Airtel Payments Bank, India’s first Payments Bank. Airtel Payments Bank customers will now have easy access to life insurance and savings plans, enabling them to provide financial security to their families and build long term savings.

This partnership aims to leverage Airtel Payments Bank’s deep distribution network and digital reach to offer millions of uninsured Indians with innovative and affordable life insurance products by ICICI Prudential Life Insurance. To begin with, on the protection platform, ICICI Pru iProtect Smart and on the savings platform, ICICI Pru Anmol Bachat will be available in phases to Airtel Payments Bank customers. ICICI Pru Anmol Bachat plan is a unique micro-insurance product offering dual benefits of savings and protection in small value sachets, designed for the underinsured while ICICI Pru iProtect Smart is a term plan that offers protection.

ICICI Prudential Life Insurance Company offers a range of products to cater to the specific needs of customers in different life stages, enabling them to meet their long-term savings and protection needs.

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