ICICI Prudential Life boosts profit 19% as premiums rise

ICICI Prudential Life Insurance posted a 19% increase in quarterly profit, driven by stronger non-linked product sales and cost cuts. Net premium income grew 10% year-on-year, with traditional and non-linked products now higher in mix. Operating expenses fell 17%, boosting margins. The value of new business also improved. The result underlines resilience in India’s insurance demand even amid macro volatility.