**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))