Company Overview

ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life) is promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited.

ICICI Prudential Life began its operations in fiscal year 2001 and has consistently been amongst the top players* in the Indian life insurance sector. Our Assets Under Management (AUM) as on 31st March 2019 were `1,604.10 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.

In FY2015 ICICI Prudential Life became the first private life insurer to attain assets under management of `1 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

Vision

To build an enduring institution that serves the protection and long-term saving needs of customers with sensitivity.

Values: The way we do things


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.

  • Customer First: Keep customers at the center of everything we do
  • Humility: Openness to learn and change
  • Passion: Demonstrate infectious energy to win and excel
  • Integrity: Do the right thing
  • Boundaryless: Treat organization agenda as paramount

*On a retail weighted received premium basis (RWRP).

COMP/DOC/Dec/2018/2812/1923.

Promoters

ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life) is promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited.

About ICICI Bank

ICICI Bank is India's largest private sector bank with total consolidated assets of ₹ 11,242.81 billion (US$ 172.5 billion) at March 31, 2018 and profit after tax of ₹ 67.77 billion (US$ 1.0 billion) for the year ended March 31, 2018. ICICI Bank currently has a network of 4,867 Branches and 14,367 ATMs across India. ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary.

About Prudential Corporation Holdings Limited

Prudential Corporation Holdings Limited is an indirect wholly-owned subsidiary of Prudential plc. Prudential plc and its affiliated companies constitute one of the world's leading financial services groups, serving around 26 million customers and it has £669 billion of assets under management (as at 31 December 2017). Prudential plc is incorporated in England and Wales and is listed on the stock exchanges in London, Hong Kong, Singapore and New York. Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America.

Corporate Social Responsibility

CSR has been a long-standing commitment at the ICICI Group and forms an integral part of the Company’s activities. The Group’s Contribution to social sector development includes several pioneering interventions, and is implemented through the involvement of stakeholders within the Company, the Group and the broader community. ICICI Prudential Life’s CSR objective is to pro-actively support meaningful socio-economic development in India and enable a larger number of people to participate in and benefit from India’s economic progress. This is based on the belief that growth and development are effective only when they result in wider access to opportunities and benefit a broader section of society.

The Company’s CSR activities are largely focused in the areas of education, health, skill development and sustainable livelihood, financial inclusion, capacity building for CSR and other activities as the Company may choose to support in fulfiling its CSR objectives. The Company supports programs and initiatives keeping “protection” as the core proposition and cornerstone of all its CSR initiatives since “protection” is core to the Company’s business.

The CSR policy of the Company sets the framework guiding the Company’s CSR activities, while the CSR committee is the governing body that articulates the scope of CSR activities and ensures compliance with the CSR policy.

Board of Directors

1 of 11

Mr. M. S. Ramachandran

Chairman, Independent Director

Mr. Anup Bagchi

Director

Mr. Sandeep Batra

Director

Mr. Raghunath Hariharan

Director

Mr. V. Sridar

Independent Director

Mr. Dilip Karnik

Independent Director

Mr. R. K. Nair

Independent Director

Mr. Dileep Choksi

Independent Director

Ms. Vibha Paul Rishi

Independent Director

Mr. N. S. Kannan

Managing Director & CEO

Mr. Puneet Nanda

Deputy Managing Director

Board Audit Committee Board Customer Service & Policyholders’ Protection Committee
Mr. V. Sridar (Chairman)  Ms. Vibha Paul Rishi (Chairperson)
Mr. Dileep Choksi Mr. Dilip Karnik
Mr. Dilip Karnik Mr. Dileep Choksi
Mr. R. K. Nair Mr. Anup Bagchi
Mr. Sandeep Batra Mr. Raghunath Hariharan
Mr. Raghunath Hariharan  
Board Corporate Social Responsibility Committee Board Investment Committee
Mr. Dilip Karnik (Chairman) Mr. R. K. Nair (Chairman)
Mr. Dileep Choksi Mr. Sandeep Batra
Mr. Raghunath Hariharan Mr. Raghunath Hariharan
  Mr. N. S. Kannan
  Mr. Puneet Nanda
  Mr. Satyan Jambunathan
  Mr. Manish Kumar
  Mr. Deepak Kinger
  Ms. Asha Murali
Board Nomination & Remuneration Committee Board Risk Management Committee
Mr. Dilip Karnik (Chairman) Mr. M. S. Ramachandran (Chairman)
Mr. M. S. Ramachandran Mr. V. Sridar
Mr. Anup Bagchi Mr. R. K. Nair
Mr. Raghunath Hariharan Mr. Sandeep Batra
  Mr. Raghunath Hariharan
Stakeholders Relationship Committee With Profits Committee
Mr. V. Sridar (Chairman) Mr. V. Sridar (Chairman)
Mr. N. S. Kannan Mr. R. K. Nair
Mr. Puneet Nanda Mr. Sandeep Batra
  Mr. Raghunath Hariharan
  Mr. N. S. Kannan
  Mr. N. M. Govardhan
  Ms. Asha Murali

Management

Mr. N. S. Kannan

Managing Director & Chief Executive Officer

Mr. Puneet Nanda

Deputy Managing Director

Mr. Judhajit Das

Chief - Human Resources

Mr. Manish Kumar

Chief Investment Officer

Mr. Satyan Jambunathan

Chief Financial Officer

Mr. Deepak Kinger

Chief Risk & Compliance Officer

Mr. Manish Dubey

Chief Marketing Officer

Ms. Asha Murali

Appointed Actuary

Ms. Vyoma Manek

Company Secretary

Email and contact information of Officer

Analysts and key stakeholders can contact:

Dhiren Salian
Investor Relations
ICICI Prudential Life Insurance Co. Ltd.
1089 Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400025

 

For investor grievances, please contact:

Vyoma Manek
Company Secretary and Compliance Officer
Telephone: (91 22) 50391600
Fax: (91 22) 2422 4484

Notices

You can download the current as well as previous years’ notices on AGM, EGM and Postal Ballot

AGMs


EGMs


Postal Ballot

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