Economy · India
ICICI Life Insurance targets new advisors, brokerage sees upside
ICICI Life Insurance aims to recruit 20,000 new women advisors by FY2027 as part of its Narishakti drive. Despite a reported 34% slump in its shares in 2026, Religare Broking has maintained a 'Buy' rating on the company, setting a target price of ₹650, which suggests a potential 42.6% upside. Religare cited leadership continuity, distribution strategy, and operational efficiency as key factors for future growth, while acknowledging short-term challenges in certain product segments.
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- Centre (2): Mint, The Hindu BusinessLine