{"id":12763,"date":"2018-01-05T10:01:40","date_gmt":"2018-01-05T04:31:40","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=12763"},"modified":"2018-01-05T10:01:40","modified_gmt":"2018-01-05T04:31:40","slug":"icici-pru-life-insurance","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/icici-pru-life-insurance\/12763","title":{"rendered":"ICICI Pru Life Insurance"},"content":{"rendered":"<p><strong>Best bet on life insurance sector\u2026 <\/strong><\/p>\n<p style=\"text-align: justify;\">ICICI Pru Life Insurance (ICICI Life) is a joint venture between ICICI Bank Ltd and Prudential Corporation Holdings Ltd, a part of Prudential Group. ICICI Life commenced its operations in FY01 and was among India\u2019s first private sector life insurance companies. The company offers its customers vast and diversified products in life insurance, health insurance and pension products &amp; services to cater to the specific needs of customers in different life stages, enabling them to meet their long-term savings and protection needs.<\/p>\n<p style=\"text-align: justify;\"><strong>Valuation:<\/strong> ICICI Life remains outperformer in private life insurance space despite challenging business environment. The untapped opportunity and penetration in life insurance provides ample scope for the company to grow its portfolio at a rapid pace. As a result, ICICI Life will continue to deliver strong return ratios with RoE at 22% and return on embedded value (ROEV) at 15% in FY19E. Hence, we initiate coverage (IC) on ICICI Life and assigned BUY rating with a target price (TP) of Rs450\/- where we value the company at 3.5x FY19E embedded value (EV). EV is a common valuation measure in the insurance industry which measures potential future profits from existing business.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/01\/Research-Report-ICICI-Pru-Life-Insurance.pdf\">Research Report &#8211; ICICI Pru Life Insurance<\/a><\/p>\n<p style=\"text-align: justify;\"><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Best bet on life insurance sector\u2026 ICICI Pru Life Insurance (ICICI Life) is a joint venture between ICICI Bank Ltd and Prudential Corporation Holdings Ltd, a part of Prudential Group. ICICI Life commenced its operations in FY01 and was among India\u2019s first private sector life insurance companies. The company offers its customers vast and diversified [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ICICI Pru Life Insurance<\/title>\n<meta name=\"description\" content=\"Find the latest research report on ICICI Pru Life Insurance On FundsIndia Marketplace\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/icici-pru-life-insurance\/12763\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ICICI Pru Life Insurance\" \/>\n<meta property=\"og:description\" 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