Even as three of the country’s leading private life insurers are likely to list in the next two years, their persistency rate is likely to play a key role in their valuation, say industry experts.
Recently, housing finance major HDFC announced plans to list HDFC Life Insurance, its life insurance joint venture with Standard Life, this financial year. The board of directors of ICICI Bank also approved a partial stake-sale of its shareholding in the life insurance arm ICICI Prudential Life Insurance, the largest private life insurer via listing of the company on the stock exchanges.
