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Prudential Plc to buy 75% Bharti Life stake for ₹3,500 crore, cut ICICI Pru Life holding to 10%
The London-based insurer says the move marks a strategic reset in India, as it secures majority control of Bharti Life Insurance while complying with regulations on ICICI Prudential stake reduction.
Prudential to acquire 75% stake in Bharti’s insurance business for Rs 3,500 crore
Prudential plc is set to acquire a 75% stake in Bharti Life Insurance Company Limited from Bharti Life Ventures Pvt Ltd. This strategic partnership aims to expand access to life and health protection solutions across India, leveraging the combined strengths of both organizations. The deal signifies a significant development in India's rapidly transforming life insurance sector.
Prudential To Acquire 75% Stake In Bharti Life Insurance, Transaction Valued At Up To Rs 4,200 Crore
The deal marks an entry of Prudential as controlling shareholder in Bharti Life Insurance.
Life Insurance Corporation of India to Participate in Centrum Broking Virtual Investor Conference on May 22, 2026 - scanx.trade
Life Insurance Corporation of India to Participate in Centrum Broking Virtual Investor Conference on May 22, 2026scanx.trade
Private banks top pick for FY27; RBI rate hike likely in second half of the year: ICICI Pru Life
Jitendra Arora, Chief Equity & Fund Manager at ICICI Prudential Life Insurance, says large private banks are his top sector bet for FY27, with an RBI rate hike likely in H2. He also likes power generation and select EPC stocks. On the broader market, he says domestic flows are acting as a buffer against FII selling, keeping indices range-bound. On metals, he advises holding existing positions but not adding fresh. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Life Insurance Corporation of India Assigned CareEdge-ESG 1 Rating with Score of 74.0 - scanx.trade
Life Insurance Corporation of India Assigned CareEdge-ESG 1 Rating with Score of 74.0scanx.trade
UTI AMC’s V Srivatsa bets on IT, sees banks and insurers poised for rerating
V Srivatsa, Executive VP-Equity at UTI AMC, remains positive on large private banks despite near-term pressure on NIMs, citing attractive valuations and stable credit costs. He also sees value emerging in IT stocks, where growth remains at 3-5% despite AI concerns, with companies trading at 5-6% free cash flow yields. Srivatsa prefers AMCs over exchanges within financial services and is overweight on life insurance, expecting better growth and rerating potential ahead.
Life insurance stocks gain after strong FY27 start; SBI Life, ICICI Prudential lead growth
Life insurance stocks showed slight gains on May 11, with SBI Life and ICICI Prudential leading the way. The sector experienced robust growth in FY27, particularly SBI Life with an 80% increase in new business premiums and LIC with a 38% rise.
Life insurance new business premium rises 41% in April, SBI Life leads growth
Private life insurers report strong April start to FY27, led by SBI Life, ICICI Prudential, HDFC Life and LIC, with robust NBP and APE growth across segments.
Mcap of 4 most valued firms erodes by ₹1 trn, SBI biggest laggard
The combined market valuation of four of the top-10 most valued firms eroded by Rs 1 lakh crore last week, with State Bank of India taking the biggest hit, amid a range-bound trend in equities. Last week, the BSE benchmark Sensex climbed 414.69 points or 0.53 per cent, and the NSE Nifty went up by 178.6 points or 0.74 per cent. "Indian equity markets witnessed a volatile and range-bound week, with sentiment remaining cautious despite intermittent recovery attempts. Early optimism driven by hopes of de-escalation in the Middle East and easing oil prices faded quickly as renewed tensions between the US and Iran resurfaced," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. While Bharti Airtel, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro faced erosion from their valuation, Reliance Industries, HDFC Bank, ICICI Bank, Bajaj Finance, Hindustan Unilever and Life Insurance Corporation of India (LIC) were the gainers from the pack. ...
Health insurance share rises to 41% of non-life industry in FY26
Health insurance strengthened its position as the largest segment in India’s non-life insurance industry in FY26, with its share rising to 40.8% from 38.6% a year earlier. The segment grew 15.4% to about Rs 1.4 lakh crore, outpacing the overall non-life industry growth of 9.3%, which took total gross direct premium income close to Rs 3.4 lakh crore.
PMJJBY disbursed Rs 17,600 crore to families since launch in 2015: LIC
The Pradhan Mantri Jeevan Jyoti Bima Yojana is vital for the government's 'Insurance for All by 2047' goal. Launched in 2015, it offers life cover of Rs 2 lakh for an annual premium of Rs 436. The scheme has enrolled over 27 crore individuals and disbursed Rs 17,600 crore in claims.