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ICICI Prudential Life Insurance

Buy ICICI Prudential Life Insurance shares

ICICI PRUDENTIAL LIFE INSURANCE (BOM: 540133) Shares

ABOUT ICICI PRUDENTIAL LIFE INSURANCE

ICICI Prudential Life Insurance (BOM: 540133) is a life insurance company based in Mumbai, India. ICICI Prudential Life Insurance is promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited and began its operations in the fiscal year of 2001.

Since then it has consistently been amongst the top companies in the Indian life insurance sector, with Assets Under Management (AUM) of ₹1604.10 billion as on 31 March 2019.

ICICI Prudential Life Insurance is the first insurance company in India to be listed on NSE and BSE.

OVERVIEW OF ICICI PRUDENTIAL LIFE INSURANCE

  • ICICI Prudential Life Insurance is a joint venture between ICICI Bank, a premier financial powerhouse, and Prudential plc, a leading international financial services group headquartered in the United Kingdom.

  • ICICI Prudential Life Insurance’s company products comprise insurance and financial services, offering long term savings and protection products to meet customers’ different life stage requirements.

  • ICICI Prudential Life Insurance has developed and implemented various initiatives to provide cost-effective products, superior quality services, consistent fund performance and a hassle-free claim settlement experience to customers.
  • In FY2015 ICICI Prudential Life Insurance became the first private life insurer to attain assets under management of 1 trillion INR.

VISION & VALUES OF ICICI PRUDENTIAL LIFE INSURANCE

  • ICICI Prudential Life Insurance’s vision includes building an enduring institution that serves the protection and long-term saving needs of customers with sensitivity. ICICI Prudential Life Insurance beliefs that the success of the company will be founded in its unflinching commitment to its five core values – Integrity, Customer First, Boundaryless, Humility and Passion.

  • With Customer First is meant to keep customers at the center of everything they do; Humility asks for openness to learn and change; Passion demonstrates infectious energy to win and excel; Integrity implies always doing the right thing and Boundaryless as treating the organisation agenda as paramount.

  • ICICI Prudential Life Insurance commits to its value chain to ensure it reaches its goals, meet current and future needs of customers and maximises returns, income growth and capital appreciation for shareholders who purchase shares with them.

MARKET PERFORMANCE OF ICICI PRUDENTIAL LIFE INSURANCE

  • ICICI Prudential Life Insurance’s shares trade on the Bombay Stock Exchange (BSE) under stock symbol BOM: 540133, listed in the Business Sector: Life Insurance. ICICI Prudential Life Insurance also trade on the National Stock Exchange of India (NSE) as ICICIPRULI.

  • Highlights of ICICI Prudential Life Insurance’s recent performance include revenue of 602 Crores INR, net profit of 302 Crores INR and EPS of 2.10 INR for the quarter ending September 2019. Market Cap as at November 2019 was 10.41 billion USD or 743.41 billion INR.

  • Due to ICICI Prudential Life Insurance’s continued performance on this market shareholders can buy or sell shares with confidence and expect sound dividends and returns during 2022 and in future.

LATEST NEWS ICICI PRUDENTIAL LIFE INSURANCE

 

Buy ICICI PRUDENTIAL LIFE INSURANCE stocks / shares – A Step by Step Guide how to Buy / Purchase ICICI PRUDENTIAL LIFE INSURANCE  Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy ICICI PRUDENTIAL LIFE INSURANCE Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN ICICI PRUDENTIAL LIFE INSURANCE STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE ICICI PRUDENTIAL LIFE INSURANCE STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of ICICI PRUDENTIAL LIFE INSURANCE stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy ICICI PRUDENTIAL LIFE INSURANCE stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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