ICICI Prudential Life Insurance Co Ltd - Company Profile
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ICICI Prudential Life Insurance Co Ltd (ICICI Prudential), a joint venture between ICICI Bank Ltd. and Prudential Corporation Holdings Limited, is a provider of life insurance products. The company offers a wide range of protection and savings products to individuals and group customers. It offers insurance plans for term life, health, retirement, group life and rural. It also offers traditional savings/ money back plans, child education insurance plans, critical illness insurance plans, and unit linked insurance plan. ICICI Prudential distributes products and services through proprietary sales force, individual and corporate agents, brokers, banks and online channels in India. ICICI Prudential is headquartered in Mumbai, India.
ICICI Prudential Life Insurance Co Ltd premium industry data and analytics
Products and Services
Products | Services | Brands |
---|---|---|
Term Insurance | Insurance Advisory | ICICI Pru |
ICICI Pru IProtect Smart | Portfolio Statement | |
Unit Linked Insurance Plans | Premium Collection | |
XYZ | XYZ | |
XYZ | XYZ | |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | New Products/Services | In February, the company introduced ICICI Pru Gold Pension Savings. |
2024 | New Products/Services | In January, the company launched the ICICI Pru Guaranteed Pension Plan Flexi with benefit enhancer. |
2023 | Contracts/Agreements | In December, the company entered into a partnership with Ujjivan Small Finance Bank for the allocation of life insurance products. |
Competitor Comparison
Key Parameters | ICICI Prudential Life Insurance Co Ltd | Life Insurance Corporation of India | HDFC Life Insurance Co Ltd | Max Life insurance Co Ltd | Tata AIA Life Insurance Co Ltd |
---|---|---|---|---|---|
Headquarters | India | India | India | India | India |
City | Mumbai | Mumbai | Mumbai | Gurugram | Mumbai |
State/Province | Maharashtra | Maharashtra | Maharashtra | Haryana | Maharashtra |
No. of Employees | 17,825 | 98,463 | 32,448 | 19,338 | 12,307 |
Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
M. S. Ramachandran | Chairman | Executive Board | - | 78 |
Anup Bagchi | Managing Director; Chief Executive Officer | Executive Board | 2023 | 52 |
Dhiren Salian | Chief Financial Officer | Senior Management | 2023 | - |
Manish Kumar | Chief Investment Officer | Senior Management | - | - |
Deepak Kinger | Chief Risk and Compliance Officer | Senior Management | - | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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