About ICICI Prudential Life Insurance Company Limited 

ICICI Prudential Life Insurance Company Limited is a life insurer promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited. Incorporated in 2000, the Company is licensed by the Insurance Regulatory and Development Authority of India to carry on life insurance business in India, and its equity shares are listed on both the National Stock Exchange of India and BSE Limited.

It offers life insurance, annuity, pensions and health insurance products for individuals and groups, across participating, non-participating and unit-linked lines, with riders available for additional benefits. These are distributed through individual agents, corporate agents, banks, brokers, a proprietary sales force and the Company’s website. The Company serves customers across India through 471 offices and operates in 32 States/Union Territories, it also has one international office. It has one wholly-owned subsidiary

ICICI Prudential Life Insurance Company Limited’s Key Milestones

• Being the first insurance company in India to be listed on both national exchanges, NSE and BSE. 
• Assets Under Management (AUM) of Rs 3.1 trillion (Rs 3,10,000 crore) as on March 31, 2025.
• Total in-force sum assured of Rs 39.4 trillion (Rs 39,40,000 crore) as on March 31, 2025. 
• In FY2025, the individual death claim settlement ratio stood at 99.3% with an average turnaround time of 1.2 days for non‑investigated claims.

ICICI Prudential Life Insurance Company Limited’s Key Management

• Anup Bagchi, Managing Director & CEO
• Judhajit Das, Chief Human Resources & Operations
• Amit Palta, Chief Product & Distribution Officer
• Manish Kumar, Chief Investment Officer
• Dhiren Salian, Chief Financial Officer
• Souvik Jash, Appointed Actuary
• Priya Nair, Company Secretary
• Anand Desai, Chief Compliance Officer

Latest Updates on ICICI Prudential Life Insurance Company Limited 

• Distribution and partnerships: The Company added 60,000+ new Advisors, taking its total to over 2,25,000. It also signed five new bank tie-ups, expanding bank partnerships to 48.
• Digital enablement: It launched IPRU Edge, an exclusive advisor app, and integrated onboarding with PayU, Account Aggregator, EPFO, GST, CAS, Perfios and Vahaan to streamline issuance. Customers can complete 70+ self-serve transactions via the website and mobile app.
• Operational resilience: The Company holds ISO 22301:2019 (Business Continuity Management) and ISO 27001:2022 (Information Security) certifications.
• Risk and capital: Solvency ratio stood at 212.2% at March 31, 2025. During the year, it hedged interest rate risks in the non-par guaranteed savings and annuity portfolios using forward rate agreements and STRIPS, and raised additional sub-debt of Rs 1,400 crore to strengthen solvency.
• Business performance indicators: AUM reached Rs 3.1 trillion (Rs 3,10,000 crore) as on March 31, 2025, while the individual death claim settlement ratio was 99.3% in FY2025 . Value of New Business (VNB) grew by 6.4% in FY2025, with a VNB margin of 22.8%.