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Last updated: 19 Sep 2025, 01:23 PM
ICICI Prudential Life Insurance: Securing Your Tomorrow with Trust
ICICI Prudential Life Insurance Company Limited, established in 2000 as a joint venture between ICICI Bank (India's leading private sector bank) and Prudential plc (a global financial services giant from the UK), is headquartered in Mumbai. It stands as one of India's top private life insurers, driving innovation in protection and wealth-building solutions since the market's liberalization.
In-Depth Details
Key Highlights
- Products Offered: Comprehensive range of 40+ individual and group plans, spanning term life (e.g., iProtect Smart), ULIPs (e.g., Signature Assure), retirement & annuity (e.g., Guaranteed Pension), child plans (e.g., SmartKid), health riders, and savings-linked protection—designed for life-stage needs, tax benefits, and growth.
- Reach & Scale: Over 7,000 touchpoints including 300+ branches across India, protecting ~9.17 crore lives, with Assets Under Management at ₹3.09 lakh crore (FY 2024-25).
- Performance Metrics: Individual Death Claim Settlement Ratio of 99.3% (9M FY 2024-25); Sum Assured on new business: ₹35.1 lakh crore (as of June 2024).
- Achievements: Industry leader in claim settlements with 99.60% ratio in Q1 FY 2025-26 (average turnaround: 1.1 days); recognized for excellence in financial reporting and corporate governance; pioneered digital claims via 'Claim for Sure' initiative, settling ₹74.72 crore in Q1 FY 2025-26.
ICICI Prudential emphasizes seamless digital experiences, 24x7 support, and customer-first innovations for quick, transparent claims.
