ICICI Prudential Life Insurance Company Ltd. is a life insurance company based in India. As of 2015 it reported assets of over Rs. 100,000 Cr.
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History
ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank and Prudential plc, a leading international financial services group headquartered in the United Kingdom. ICICI Prudential was amongst the first private sector insurance companies to begin operations in December 2000 after receiving approval from Insurance Regulatory and Development Authority of India (IRDAI). As of 2010, the managing director and CEO was Sandeep Bakhshi.
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Financials
ICICI Prudential Life's capital infused stands at Rs. 48.16 billion (as of March 31, 2015) with ICICI Bank Ltd. and Prudential plc holding 68% and 32% stake respectively . For the financial year 2015, the company garnered a total premium of INR153.07 billion. The company has assets under management of INR1001.83 billion as on March 31, 2001.
References
External links
- Official website
Source of the article : Wikipedia
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