ICICI Prudential Life Insurance Company Ltd. is one of the largest private life insurance companies in India, which is a joint venture between ICICI Bank Ltd. – one of India’s leading private sector banks, and Prudential plc – a UK-based leading international financial services group. ICICI Bank has 74 percent stake and Prudential Plc owns the remainder 26 percent stake in the joint venture. ICICI Prudential Life started its operations in 2000.
As on March 31, 2015 ICICI Prudential Life's capital imparted Rs. 48.16 billion and the company reaped a total premium of Rs. 153.07 billion. The company has assets under management of Rs. 1001.83 billion. ICICI Prudential Life Insurance offers an extensive range of flexible products that cater to the insurance needs of the Indian customer largely. The latest Claim Settlement Ratio (CSR) of ICICI Prudential Life for FY 2018-19 is 98.58%.
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Wednesday, Aug 09, 2017 10:00 AM
The Insurance Regulatory and Development Authority of India (IRDA) said its order directing the shotgun marriage of Sahara India Life Insurance Co. Ltd and ICICI Prudential Life Insurance Co. Ltd was the culmination of a two-year process.
Saturday, Aug 05, 2017 10:00 AM
The work on the valuation of assets and liabilities of Sahara India Life Insurance Company Ltd by an independent actuary will happen only after the Securities Appellate Tribunal
Tuesday, Aug 01, 2017 10:00 AM
The Securities and Appellate Tribunal (SAT) has ordered status quo for one week on the insurance regulator's directive to transfer Sahara Life Insurance’s policyholder liabilities.