ICICI Prudential Life Insurance Company (ICICI Prudential Life) is a joint venture between ICICI Bank Ltd., India's largest private sector bank, and Prudential plc, a leading international financial services group headquartered in the United Kingdom. ICICI Prudential Life was amongst the first private sector life insurance companies to begin operations in December 2000 after receiving approval from Insurance Regulatory Development Authority (IRDA).
ICICI Prudential Life's capital infused stands at Rs. 47.96 billion (as of March 31, 2014) with ICICI Bank Ltd. and Prudential plc holding 74% and 26% stake respectively. For the financial year 2014, the company garnered a total premium of Rs. 124.29 billion. The company has assets under management of Rs. 805.97 billion as on March 31, 2014.
For over a decade, ICICI Prudential Life has maintained its dominant position (on new business retail weighted basis) amongst private life insurers in the country, with an array of products to match the different life stage requirements of customer and enable them to achieve their long term financial goals.
©2014, ICICI Prudential Life Insurance Co. Ltd. Registered Address: - ICICI Prulife Tower, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. Reg No: - 105. Insurance is the subject matter of the solicitation. For more details on the risk factors, term and conditions please read sales brochure carefully before concluding the sale. Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values and the customer shall be responsible for his/her decision. The names of the Company, Product names or fund options do not indicate their quality or future guidance on returns. Funds apart from RGF do not offer guaranteed or assured returns. Investments are subject to market risk. In this policy, the investment risk in the investment portfolio is borne by the policy holder Tax benefits are as per the Income Tax Act, 1961, and are subject to any amendments made thereto from time to time. Service tax & education cess will be charged extra as per applicable rates. Tax laws are subject to amendments from time to time. Advt. No.: W/II/112/2009-10