ICICI Prudential Life Insurance Company
ICICI Prudential Life Insurance is a joint venture between ICICI Bank Ltd (India’s largest private sector bank) and Prudential plc (a leading international financial services group). The company has assets under management in excess of Rs. 1001.83 billion as on March 31, 2015.
ICICI Bank
ICICI Bank Limited (NYSE:IBN) is India’s leading private sector bank, with consolidated total assets of Rs 8260.79 billion as on March 31, 2015. ICICI Bank’s presence currently spans 17 countries, including India.
About Prudential Plc
Headquartered in the United Kingdom. Prudential plc is one of the world’s leading financial services groups. It provides insurance and financial services through its subsidiaries and affiliates throughout the world. It has been in existence for more than 166 years and has ￡496 billion in assets under management (as at 31 December 2014). 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.
ICICI Prudential life Insuarance Facts and Figures
| STARTED YEAR | December 2000 | ||||
| PAID UP CAPITAL | Rs 1429.26 Crores | ||||
| INDIAN PARTNER | ICICI Bank Ltd | ||||
| FOREIGN PARTNER | Prudential plc ( UK based) | ||||
| MD/CEO NAME | Mr. Sandeep Bakhshi | ||||
| BANCASSURANCE PARTNERS | ICICI Bank | ||||
| SOLVENCY RATIO | 3.72 | ||||
| NUMBER OF BRANCHES | 500+ | HEAD OFFICE | Mumbai | ||
| TOTAL PREMIUM COLLECTED | 2011-12 | 2012-13 | 2013-14 | ||
| 14021.58 | 13538.24 | 12428.65 | |||
| CLAIMS SETTLEMENT RATIO | 2011-12 | 2012-13 | 2013-14 | ||
| 95.53% | 96.29% | 94.10% | |||
| KEY PLANS | CHILD | ICICI Pru Smart Life | |||
| TERM | ICICI Pru iProtect | ||||
| PENSION | ICICI Pru Easy Retirement | ||||
| ULIP | ICICI Pru Wealth Builder II | ||||
| TOLL FREE NUMBER | 1860 266 7766 | ||||
| WEBSITE ADDRESS | INDIAN PARTNER | http://www.icicibank.com/ | |||
| FOREIGN PARTNER | http://www.prudential.co.uk/ | ||||
| COMPANY WEBSITE | http://www.iciciprulife.com/ | ||||
Disclaimer:
In the above table, we had updated the details from the IRDA Annual report 2013-14, 2012-13 and 2011-12. Some details are captured from www.iciciprulife.com. The accuracy of the above table content depends on these given sources. This information published is of informative nature and does not guarantee anything about the companies performance or claim records.
The main aim of this post is to simplify the details about ICICI Prudential Life insurance. All these information in this post can be seen in www.iciciprulife.com and IRDA website.