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ICICI Prudential Life Insurance Share Price Target for 2024, 2025, 2030, and 2040

ICICI Prudential Life Insurance Share Price Target for 2024, 2025, 2030, and 2040

In this post, we will discuss the ICICI Prudential Life Insurance Share Price Target in the upcoming year. We will analyse the estimated stock price of the company so that you can make better decisions about investing in this company. Before we dive into the company’s share price predictions, let’s first understand the company’s background, financials, technical fundamentals, etc.

About ICICI Prudential Life Insurance Ltd.

ICICI Prudential Life Insurance Ltd. began its operation in the fiscal year 2001. It is promoted by Prudential Corporation Holdings Limited and ICICI Bank Limited. It offers long-term savings and protection products to meet its customers’ different life stage requirements.

it has consistently been amongst the top companies in the Indian life insurance sector with Assets Under Management (AUM) of ₹ 2,511.91 billion as of 31st March 2023. 

The first private life insurer to reach ₹ 1 trillion in assets under management was ICICI Prudential Life in FY2015. The first insurance provider in India to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) is ICICI Prudential Life.

Key Metrics

Market Cap (₹)62,930.31
Sectoral Market Cap Rank5
PE Ratio (x)77.36
Price to Book Ratio (x)6.76
EPS – TTM (₹)5.65
Stock – 52 Week High & Low (₹)608.75 / 380.70

Highlights of the ICICI Prudential Life Insurance Ltd. share price forecast are shown in the table below.

YearFirst TargetSecond Target
2023₹ 440₹ 460
2024₹ 485₹ 510
2025₹ 600₹ 640
2026₹ 700₹ 720
2027₹ 850₹ 900
2028₹ 1000₹ 1050
2030₹ 1,380₹ 1400
2040₹ 2,650₹ 2,900

Important Note: These price predictions of “ICICI Prudential Life Insurance Ltd.” are only for reference purposes only, short-term and long-term ICICI Prudential Life Insurance Ltd. stock price predictions may be different due to the different analysed time series. This prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition are not covered in this analysis. 

ICICI Prudential Life Insurance Share Price Target for 2023

The company posted growth both in terms of profitability and market share this year also. The protection Annualised Premium Equivalent (APE) grew 26% year-on-year to ₹ 13.13 billion during the previous year. In the same period, the protection New Business Premium registered a growth of 35%. Focus on premium growth and expanding the protection business led to a 25% year-on-year growth in New Business Sum Assured to ₹ 7.73 trillion enabling them to increase their market share from 12.5% in FY2021 to 13.4% in FY2022. It also enabled them to retain its market leader position among private life insurance companies. 

This year the stock will show some growth in the upcoming months.  if the market trends maintain an average pace, the price may stabilise at ₹ 460 in the year 2023.

YearFirst TargetSecond Target
2023₹ 440₹ 460

ICICI Prudential Life Insurance Share Price Target for 2024

The company is firmly on a profitable growth path and continues to grow. Its innovative products, distribution reach and superior customer service have enabled it to seamlessly execute its 4P strategy of safety focus, premium growth, persistence improvement and productivity enhancement.

This year, the company will also have good opportunities for growth, due to which its revenue is expected to increase and perform well. As per our forecast method, the stock of the company will also see growth and will be able to give good returns to its investors. Your first target this year can be ₹ 485, and your target is ₹ 510. However, one must stay careful and vigilant enough to keep a constant eye on the rising market trends. You can make more money if you apply sufficient caution than you might have by investing in these stocks.

YearFirst TargetSecond Target
2024₹ 485₹ 510

ICICI Prudential Life Insurance Share Price Target for 2025

ICICI Prudential Life Insurance Limited is also diversifying its business. From being a unit-linked dominated Company in FY2019, they have transitioned to having a well-balanced spread across product segments. They ensured a well-diversified distribution architecture. These competitive advantages have provided the company with the springboard to scale higher and grow the business sustainably.

According to stock market knowledge and sound judgement of stocks, we predict that 2025 will be a good year for all the investors who have invested their time and money in ICICI Prudential Life Insurance Limited. The stocks can reach up to ₹ 640. However, before responding to these recommendations for any stock, you must do your own research and analysis. Trading and investing involve a significant level of risk, so consult a financial expert before making any decisions.

YearFirst TargetSecond Target
2024₹ 600₹ 640

ICICI Prudential Life Insurance Share Price Target for 2026

The growing appreciation for life insurance also augurs well for its penetration and overall financial inclusion. The Economic Survey 2020-21 stated that the life insurance density in the country was just US$ 58 as against the global average of US$ 379. With the growing need for mortality protection, new opportunities are emerging for life insurance companies. Due to this, their business is booming nicely, and she is affirming the important role she plays in the lives of her customers. 

The company has built its fast-growing business around a strong balance sheet, which provides a platform to raise additional resources to capitalise on unprecedented opportunities. ICICI Prudential Life Insurance Limited’s share price is expected to go up to ₹ 720. You can take the first target up to ₹ 700 and the second target up to ₹ 720.

YearFirst TargetSecond Target
2026₹ 700₹ 720

ICICI Prudential Life Insurance Share Price Target for 2027

Over the past three years, ICICI Prudential Life Insurance has focused on ensuring that they have a balanced product mix and a diversified distribution structure. The product mix is very important for any organisation and its growth to reach its product to a maximum number of people. If we talk about the share price target in the year 2027, The first share price target for this year could be ₹ 850, and the second target could be ₹ 900. 

YearFirst TargetSecond Target
2027₹ 850₹ 900

ICICI Prudential Life Insurance Share Price Target for 2028

A company’s growth depends on various factors. ICICI Prudential Life Insurance Limited made a combination of factors such as customer-centric products, and superior customer service supported by a robust technology backbone for its seamless growth. This has now provided the company with a strong platform to grow the business profitably and sustainably.

As per our analysis and considering the current and past market trends, we believe that the stock will show some growth over the next five years. If this happens, then the stock can reach the ₹ 700 mark by 2028. If we talk about the stock target, then for this year the first target can be ₹ 1,000 and the second target can be ₹ 1,050. This prediction is only valid if there are positive market sentiments; any uncertainties in the company or global market conditions are not covered in this analysis.

YearFirst TargetSecond Target
2028₹ 1,000₹ 1,050

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ICICI Prudential Life Insurance Share Price Target for 2030

The company has continuously worked to build up its distribution network. For this company has also entered partnerships with other organizations. This will ultimately help enhance the penetration of life insurance. This approach has yielded rich dividends operationally and today, they have a well-diversified distribution mix of new business with Bancassurance contributing 39%, Agency 24%, Direct 13%, Partnership distribution 9% and Group 15%. 

ICICI Prudential Life Insurance Limited’s strategy has been to continuously move towards a digitally enabled, ubiquitous distribution model and this trend has gained substantial momentum this year and is expected to continue in the same way.

The year 2030 seems to hold a lot of potential for ICICI Prudential Life Insurance Limited Stock. As per our expert’s prediction for this year, the first target will be ₹ 1,380 and the second target will be ₹ 1,400. However, you may do your own research and analysis before investing.

YearFirst TargetSecond Target
2030₹ 1,380₹ 1,400

ICICI Prudential Life Insurance Share Price Target for 2040

The role of the life insurance industry, especially in the context of an emerging economy like India, is vital as it channelises long-term funds towards infrastructure development. Life Insurance Council data estimates that insurers have collectively invested approximately ₹ 4.5 lakh crore in infrastructure projects, which also points to the social footprint of the industry.

ICICI Prudential Life Insurance has consistently maintained its growth and it is expected to continue to witness similar growth in the future as well.

The company’s strategic priorities, governance agenda, and holistic approach to business are aligned to make this a reality that will take the company to new heights in the years to come. If we look at the stock prediction of the company till 2,650, then it can go up to ₹ 2,900.

YearFirst TargetSecond Target
2040₹ 2,650₹ 2,900

Recommendations: Invest in ICICI Prudential Life Insurance stock or sell it.

As per the current data, the share of ICICI Prudential Life Insurance Ltd. and possibly its market environment is in a bearish cycle for the last few months, but some growth may be seen in the coming months.

Our forecasted stock analyst means that there will be a positive trend in future. ICICI Prudential Life Insurance Limited can be a good stock in the long term. If you are good in personal finance and want to invest then you can invest in this stock.

FAQ’s

The current PE ratio (price-earnings ratio) of ICICI Prudential Life Insurance Ltd. is 77.36.

ICICI Prudential Life Insurance Ltd.'s share price saw a 52-week high of 608.75 and a 52-week low of 380.70.

The first target of ICICI Prudential Life Insurance Ltd.'s share price can be at or below ₹ 485 and the second one is at or below ₹ 510 in 2024.

The first target for ICICI Prudential Life Insurance Ltd.'s share price in the next five years is ₹ 1,000, and the second target is ₹ 1,050.

In the next 7 years, the first target for ICICI Prudential Life Insurance Ltd.'s share price can be ₹ 1,380, and the second is ₹ 1,400.

ICICI Prudential Life Insurance Ltd. shares can go up to ₹ 2,900 by the year 2040.

Our forecasted stock analyst means that there will be a positive trend in future. ICICI Prudential Life Insurance Limited can be a good stock in the long term.

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