ICICI Prudential Life Insurance Company Ltd. (ICICI Prudential Life) is a joint venture between ICICI Bank Ltd., one of India's largest private sector banks, and Prudential Corporation Holdings Limited.
ICICI Prudential Life began its operations in fiscal year 2001 and has consistently been the market leader* amongst private players in the Indian life insurance sector. Our Assets Under Management (AUM) as on 31st March 2017 were ₹ 1,229.19 billion.
At ICICI Prudential Life, we operate on the core philosophy of customer centricity. We offer long term savings and protection products to meet different life stage requirements of our customers. We have developed and implemented various initiatives to provide cost-effective products, superior quality services, consistent fund performance and a hassle-free claim settlement experience to our customers.
ICICI Prudential Life is the first private life insurer to attain assets under management of ₹ 1 trillion and In-force sum assured of over ₹ 3 trillion. ICICI Prudential Life is also the first insurance company in India to be listed on NSE and BSE.
| Fiscal | Particulars |
|---|---|
| 2001 | Our Company started operations |
| 2002 | Crossed the mark of 100,000 policies |
| 2005 | Crossed the mark of 1 million policies |
| 2008 | Crossed the mark of ₹ 5 million policies Crossed receipt of ₹ 100 billion of total premium Crossed 250 billion of assets under management |
| 2010 | Established Subsidiary for the purposes of undertaking pension funds related business Our Company turned profitable - registered profit of ₹ 2.58 billion Crossed ₹ 500 billion of assets under management |
| 2012 | Started paying dividends |
| 2015 | Crossed ₹ 1 trillion of assets under management |
| 2017 | First insurance company in India to list on NSE and BSE |
The success of the company will be founded in its unflinching commitment to 5 core values - Integrity, Customer First, Boundaryless, Humility and Passion. Each of the values describes what the company stands for, the qualities of our people and the way we work. Every member of the ICICI Prudential team is committed to the 5 core values and these values shine forth in all that we do.