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ICICI Bank Increases Stake in ICICI Prudential Life Insurance to 52.84 Percent via Open Market

ICICI Bank Limited, a promoter of ICICI Prudential Life Insurance Company, has increased its ownership in the insurer by 2%. The acquisition involved the purchase of 2,90,15,693 equity shares through open market tranches completed by September 2, 2026.

LIC Launches New Jeevan Sathi Savings Plans to Expand Non-Par Insurance Portfolio

Life Insurance Corporation of India (LIC) has officially announced the launch of two new individual savings products, LIC’s New Jeevan Sathi – Single Premium and LIC’s New Jeevan Sathi – Limited Premium. These products are classified as non-participating, non-linked life insurance plans and will be available for sale in the domestic market starting June 01, 2026.