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ICICI Pru Q4 profit falls 64% to Rs 64 cr on pandemic addl provision

A Rs 7,400 crore of investment income — gains from the market–as against a loss of Rs 18,000 crore in January-March 2020 due to the pandemic, has helped it cushion the hit.

It also had a payout of Rs 265 crore, net of reinsurance for 205 claims from the pandemic deaths, chief executive and managing director N S Kannan told PTI on Monday in a post-earnings call.

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