MUMBAI: Investors of ICICI Prudential Life Insurance Ltd have had a lot to cheer for over the past few months and gains in the company's shares reflect this. The insurance company added 110 new partners in the March quarter to boost business growth. In fact, deposit growth for banks have been faster in the March quarter. With deposits coming in droves, banks have begun to cut deposit rates. The fact that its shares trade at a far lower valuation multiple compared with its peers HDFC Life Insurance Company Ltd and SBI Life Insurance Company Ltd also works in its favour.

Source: Mint May 26, 2021 06:47 UTC