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ICICI Prudential Life profit up 19% on stronger non-linked sales
ICICI Pru Life delivers profit growth with improving product mix and costs.
ICICI Prudential Life reported a 19% rise in quarterly profit as non-linked products gained share and operating expenses declined. Net premium income increased 10% year-on-year; value-of-new-business margin improved. Market-linked contributions eased as the mix shifted to traditional products. Shares rose post-print as investors welcomed cost discipline. Management emphasized distribution execution and sensitivity to rates. Peers’ results should confirm trends in pricing power, persistency and growth trajectories across private life insurers this quarter.