ICICI Prudential Life Insurance

ICICI Prudential Life Insurance Company Ltd.
Public company
Industry Insurance Services
Founded 12 December 2000
Headquarters Mumbai, India
Area served
 India
Key people
  • Sandeep Bakhshi (Managing Director & Chief Executive Officer),
  • Puneet Nanda (Chief Marketing Officer),
  • Satyan Jambunathan (Executive Vice President),
  • Manish Kumar (Chief Investment Officer),
  • Navin Sharma (Chief Internal Audit),
  • Binay Agarwala (Chief Financial Officer & Chief Risk Officer- Enterprise Risk),
  • Deepak Kinger (Chief Compliance Officer),
  • Poonam Bhardwaj (Chief Risk Officer- Operations Risk)
Products Insurance
Total assets ₹100,000 crore (US$16 billion) (2014)
Website www.iciciprulife.com

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.[1]

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.

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 Rs. 153.07 billion. The company has assets under management of Rs. 1001.83 billion as on March 31, 2001

References

  1. ↑ Times of India (Feb 24, 2015). "ICICI Pru Life's assets cross Rs 1 lakh crore on Ulips". Times of India.
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