PREVIEW: India's ICICI Prudential Life expected to post modest Q2 growth

** ICICI Prudential Life Insurance ICICIPRULI set to report quarterly earnings later in the day

** Motilal Oswal sees value of new business, which measures profitability of new policies, and growth declining y/y; expects PAT to rise 19% y/y

** Emkay says life insurers to witness moderated growth trends, impacted by base effect, demand moderation due to deferred sales after GST cuts, festive season

** Sees co's Q2 PAT at 2.93 mln rupees ($33,033.07)

** Stock rated "buy" on avg; median PT is 715 rupees, per data compiled by LSEG

** ICIR falls 9% this year, as of last close

($1 = 88.6990 Indian rupees)