ICICI Prudential Life Insurance rises on growth in new business premium
**Shares of ICICI Prudential Life Insurance ICIR.NS rise 1.42% to 601.85 rupees **Co reported new business premium of 17.61 billion rupees for the month of September, up 6.1% year-on-year **Jefferies said the retail APE growth for life insurance industry stayed soft in September on expected lines due to postponement of purchases ahead of GST cuts applicable from September 22. **Stock rated as "Buy"; median PT at 715 rupees as per LSEG data **YTD, stock down 8.09% (Reporting by Mridula Kumar) ((Mridula.kumar@thomsonreuters.com))
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